The Hindu Business Line : Wednesday, August 09, 2006

PREFERENTIAL ALLOTMENTS
VBC Ferro allots shares
The board of directors of VBC Ferro Alloys Ltd, at its meeting held on Tuesday, allotted shares on preferential basis to certain entities. The company informed the stock exchanges that the board allotted 60,000 shares to Dr ... More

CORPORATE DISPUTES
Plea for dismissal of SWC suit comes up
The application of Mr K.R. Chhabria, asking for dismissal of the suit of Shaw Wallace & Co Ltd (SWC), came up on Tuesday before Justice Banerjee of the Calcutta High Court. The suit is in relation to 25,000 shares of BDA ... More

NEW BUSINESS
ECIL bags Rs 50 crore order from BrahMos Aerospace
Electronics Corporation of India Ltd (ECIL) has bagged a Rs 50-crore order from BrahMos Aerospace Private Ltd for executing a weapon complex from the supersonic BrahMos class of missiles. Under the contract, ECIL will supply Mobile Command ... More

BHPV gets Rs 45-cr order
Bharat Heavy Plate and Vessels Ltd here has bagged an order for atmospheric and vacuum columns valued at Rs 45 crore from Bharat Oman Refineries Ltd, Bhopal, a company promoted by Bharat Petroleum Corporation Ltd and Oman Oil Company Ltd. ... More

RESTRUCTURING
Tata Sons to hike stake in group cos
Cross-holdings to be untangled, says Ratan Tata More

Sujana Metals to de-merge towers unit
The board of directors of Sujana Metal Products Ltd at its meeting held on Monday has approved the scheme of arrangement for de-merging its towers division with Sujana Towers Ltd. Further, the company informed the stock exchanges ... More

MERGERS & ACQUISITIONS
E*Trade ups stake in IL&FS Investsmart
Details of the company's current stake in ownership not revealed More

SABMiller's Foster's acquisition marks first phase of consolidation
`Big boys are not yet in' More

Motherson Sumi buys out ASL Systems
Auto components manufacturer Motherson Sumi Systems Ltd has purchased the business and assets of ASL Systems Ltd. The transaction was made through Motherson's 100 per cent owned UK subsidiary, MSSL GB Ltd. ASL Systems was engaged in the ... More

NEW PROJECTS
Land acquisition for Tata small car facility by October
The West Bengal Government expects to complete land acquisition for the proposed small car manufacturing facility of Tata Motors by October. Tata Motors had asked for close to 1,000 acres at Singur in Hoogly district for setting up the ... More

Tata Auto Plastics to invest Rs 100 cr in expansion
Tata Auto Plastics (TAPS), a division of the TACO group that makes plastic body parts and components, plans to invest Rs 100 crore in product expansion across its plants in Pune, Bangalore and Baroda. The company will be doubling its ... More

ONGC board okays development of C-series field at Mumbai offshore
Also approves Dahej petrochemicals complex More

Hero Honda to set up new plant in Uttaranchal
To invest Rs 1,900 along with ancillaries by 2010 More

Unitech to develop part of Greater Noida
Real estate developer Unitech Ltd has bagged a tender to develop around 100 acres of land in Greater Noida (Delhi NCR). The company will develop a housing project with a total build up area of about 8 million sq. ft. involving a capital outlay ... More

OVERSEAS INVESTMENTS
Tata investments in Bangladesh in `pause mode'
The investments that the Tata group planned in Bangladesh were in a "pause mode", the company's Director Finance, Mr Ishaat Hussain, has said. "Nothing is cast in stone. However, we are not in wait and watch but in a pause mode. Let us see how ... More

REGULATORY BODIES & RULINGS
Zenotech gets nod for biotech products
Zenotech Laboratories Ltd (ZLL) has announced that it has received marketing and manufacturing approval for two of its biotech products — GM-CSF (Innovator brand: Leucomax by Novartis) and G-CSF (Neupogen by Amgen/Roche). ... More

ALLIANCES & JOINT VENTURES
Raymond, UCO NV form denim joint venture
50:50 venture to be headquartered in Belgium More

DIVERSIFICATION
Nitesh Estates plans 5-star hotel in Bangalore
Nitesh Estates, the real estate division of the Nitesh Group, on Tuesday announced its foray into the hospitality sector with a proposal to promote a five-star luxury hotel in the heart of the city. The project, estimated to cost Rs 500 crore, ... More

STANDARDS & BENCHMARKS
ISO certification
The Thiruvananthapuram-based Pure Petrochem India Private Ltd, manufacturers of Action brand lubricants, oils and grease, has bagged ISO 9001-2000 certification, according to a statement from the company. As part of its expansion ... More

OUTLOOK
Scottish oil, gas cos looking for joint ventures in India
Opportunities in deep-sea exploration More

TCL plans manufacturing facility in India
30 exclusive showrooms, 94 service centres may be opened More

Tata Tea targets Rs 7,000-cr turnover
Looking for strategic acquisition in US More

UFO Moviez on expansion spree
The company plans to invest around $40 million More

PEOPLE
New CEO of SRL Ranbaxy
Mr Jasmeet S. Puri has been appointed as the CEO of SRL Ranbaxy, the pathology laboratory network, and its associate company Fortis Clinical Research Ltd, said a company release. SRL Ranbaxy has a network of 550 collection ... More

12 independent director posts in 7 CPSEs vacant
7 months after deadline for appointment More