CORPORATE
ANNOUNCEMENTS
ONGC hopes to resume gas supplies from Hazira soon
Oil and Natural Gas Corporation (ONGC) hopes to resume gas supplies from the Hazira gas processing complex within a week. "The initial conjecture is it will take seven days for operations to resume. We will be able to start only after cleaning ...
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Volvo offers additional safety features in new truck range
Includes electronic braking systems, anti-brake lock system
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OVERSEAS BORROWINGS
Reliance Petro $1.5-b loan syndication begins
Reliance Petroleum Ltd (RPL) has said that syndication for the $1.5-billion (Rs 6,700-crore) that it is raising through international loans commences on August 11. The syndication for the facility is expected to close in early ...
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AWARDS & HONOURS
BHEL chief gets award
Bharat Heavy Electricals Ltd today said its Chairman and Managing Director, Mr Ashok K. Puri, has been awarded the "Distinguished Fellow Award 2006" by the Institute of Directors. The award was presented by the Haryana Governor, ...
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Indian Oil chief bags award
The Chairman of Indian Oil Corporation Ltd, Mr Sarthak Behuria, has been conferred the Distinguished Fellow Award by the Institute of Directors (IOD). IOD is a premier association of directors representing the Government, ...
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Indian Charge Chrome bags export award
Indian Charge Chrome Ltd (ICCL), a constituent of the IMFA Group, has been awarded the EEPC (Engineering Export Promotion Council) All India Award for outstanding export performance during 2004-05. The award, sponsored by the Union Ministry of ...
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NEW PROJECTS
HPCL acquiring land for Vizag unit expansion
HPCL is actively taking steps to acquire necessary land for capacity expansion of its refinery here from 7.5 million tonnes per annum (mtpa) to 15 mtpa. It is acquiring the land from the Visakhapatnam Port Trust. According to Mr A.S Rao, ...
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DVC-SAIL joint venture to set up 500-MW power plant
Rs 2,220-cr plant to come up in Jharkhand
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Mittal Steel firm on setting up Jharkhand, Orissa plants
Mittal Steel has reiterated its commitment to set up integrated steel plants in both Jharkhand and Orissa. However, the first of the two plants will come up in that State where progress is made with regard to acquisition of land and mines, Mr ...
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REGULATORY BODIES & RULINGS
SEBI chief warns against `professional' directors on boards
`Cos must not appoint non-shareholders'
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ALLIANCES & JOINT VENTURES
Reliance Comm ties up with Asianet
Reliance Communications is partnering with Malayalam satellite television company, Asianet Communications, to offer Asianet's content on mobile phones. Announcing this at a press conference in the city on Friday, Mr Mahesh J. ...
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OUTLOOK
Vimta Labs to submit report on Coke contents soon
Vimta Labs, a Hyderabad-based drug analysis and research company, has said that it will submit a detailed report on the question of pesticide residues in Coca-Cola soon. "We are analysing a good number of samples of the beverage we have ...
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Tata Steel sees growth in tubes
Tata Steel's tube division is expecting a growth of around 70 per cent this fiscal and sees the continuation of the same growth rate in 2007-08, the company's Executive-in-Charge, Tubes, Mr Vivek Kamra, said. "Last year the ...
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Hindustan Latex entering new business areas
Aims at Rs 1,000-cr turnover by 2010
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Bosch turns to Toyota system for logistics
To invest Rs 1,800 cr in India between 2005 and 2008
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PERFORMANCE
Lanka IOC petro sales slump 55% since price hike
The company raised prices by SL Rs 5 on August 1
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