Business Daily from THE HINDU group of publications
Thursday, August 10, 2006
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ANNOUNCEMENTS
Hyundai offers special finance scheme for Getz
Hyundai Motor India on Wednesday launched a special structured finance and buyback scheme for its premium compact car Getz in select markets. Under the scheme, customers in locations like Delhi, Mumbai, Bangalore and Pune will be able to buy a ... More

CSL launches 3 vessels
The public sector Cochin Shipyard Ltd on Wednesday repeated its feat of launching three ships in a single day when the third bulk carrier under construction for Clipper, Bahamas, the 9th fire-fighting tug for ATCO, Saudi Arabia, and the second ... More

Rayalaseema Hi-Strength changes name
Sree Rayalaseema Hi-Strength Hypo Ltd has informed the stock exchanges that its name has been changed to SRHHL Industries Ltd with effect from July 28. The company said the name was changed pursuant to the scheme of arrangement ... More

ACCOUNTING STANDARDS
Some vesting issues in share-based payments
International Financial Reporting Standard 2 mandates measuring the cost of the scheme at fair value and amortising it over the vesting period. More

PREFERENTIAL ALLOTMENTS
Color Chips plans pref allotment
Color Chips India Ltd has informed the BSE that an extraordinary general meeting of the members of the company will be held on August 21 to consider allotment of preferential equity shares and a GDR offer to raise up to $10 ... More

CREDIT RATING
Madras Cements rejects Crisil's rating downgrade
Gets its short-term debt rated by another agency More

MERGERS & ACQUISITIONS
CPCL to pick up stake in SPV for Chennai-Bangalore pipeline project
To invest Rs 50 crore in the 290-km pipeline More

NEW PROJECTS
Royal Classic to ramp up manufacturing potential
To set up own trouser factory; scale up shirt production at its plants More

OVERSEAS INVESTMENTS
`Market yet to gauge impact of overseas acquisitions'
Tata MF hopes to strike deeper roots in close-ended space More

ALLIANCES & JOINT VENTURES
ONGC Videsh looking for opportunities in Venezuela
Tie-up on cards; joint group to study areas of collaboration More

SECURITY
ONGC plans revamp of security system
In the wake of rise in extremist threat perception More

SOCIETY & DEVELOPMENT
Bet on corporate social responsibility portfolio: ITC
"CSR can be a value proposition for companies," said Mr Y.C. Deveshwar, Chairman, ITC Ltd. He spoke of a business model where customers would choose products based on the corporate social responsibility (CSR) portfolio of the company. This ... More

DIVERSIFICATION
Reliance scouts for retail space in Mumbai
Looking at leasing and outright sale of properties More

BONUS ANNOUNCEMENTS
Parsvnath gets in-principle nod for SEZ projects
Leading real estate developer Parsvnath Developers Ltd on Wednesday said that the company has obtained "in-principle" approvals for the development of special economic zones (SEZs) at various locations across the country. These include ... More

STANDARDS & BENCHMARKS
Aurobindo Pharma gets UK nod for antidepressant
Aurobindo Pharma Ltd has announced that it has received the marketing authorisation approval from the United Kingdom Medicines and Healthcare products Regulatory Agency (UK-MHRA) for Mirtazapine 15, 30 and 45 mg tablets containing the active ... More

OUTLOOK
Tata Ryerson plans to hike steel processing capacity
Turnover pegged at Rs 1,000 cr for the current fiscal More

Madras Cements on expansion mode
No plans to go in for equity funds More

Ford India expects to double sales this year
To launch CNG version of Ikon by September More

PERFORMANCE
CFM bags 1,270 aircraft engine orders till June
CFM International, a 50-50 joint company between Snecma (a SAFRAN group company) and General Electric Company, has received orders for 1,270 commercial, military, and spare engines till June at a value of approximately $7.6 billion. "After ... More

Innova captures 15 pc market share in the South
Sells 6,676 units in first six months of 2006 More

TRENDS
Large corporates not affected by interest rate hikes
No rise in discount rates on commercial paper More






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Top Stories
Cola sales may lose less fizz this time round

`Market yet to gauge impact of overseas acquisitions'

Two banks plan to raise capital

`Hurricanes may push crude beyond $80'

Online sale of software on the rise

Excise duty collections up 7.8 pc in April-July

`Desi' semiconductor biz is `all chip shape'

`Tax returns mandatory on income over Rs 1 lakh'

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Looking back
Jul. 30-Aug. 5
Caparo Group keen on more investments in TN

NTPC may get waiver on joint venture financial cap

India a better place to invest than China, says Forbes survey

Discount issue: MRPL told to negotiate with OMCs

RIL hikes diesel margins

Ruia Group may buy Monotona Tyre

ONGC re-negotiating ties with Shell

Lipitor patent: Ranbaxy gains on US court ruling

SABMiller in deal to buy Foster's India for $120 m


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