Business Daily from THE HINDU group of publications
Saturday, September 09, 2006
Markets (September 8)
BSE Sensex11918.65(+64.80)
S&P CNX Nifty3471.45 (+16.90)
US Dollar (Buy/Sell)46.24 (+0.08)

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24% response to Alembic Glass buyback proposals
The reverse book building of Alembic Glass Industries Ltd (AGIL), which ended on Friday, pooled a cumulative offer of 32,763 equity shares (23.89 per cent). Total non-promoter shareholding in the company is put at 29.06 per cent. The four-day ... More

Chennai to host South Asian accountants' meet
Harmonisation of accounting standards in SAARC region More

VSNL files writ against court order on FLAG access
VSNL has appealed an international court's order to allow its competitor, FLAG Telecom, access to an international cable landing system in Mumbai. In May this year, the International Chamber of Commerce's Arbitration Tribunal had ruled that ... More

Is share premium `capital employed'?
Interpreting `capital employed' for purposes of deduction and amortisation More

MS Challenge
The Standard Chartered Bank, Bennet Coleman and Company and JM Morgan Stanley emerged as the top three teams among the thirty-five teams in a battle against time and a test of endurance, physical fitness and effective strategy at the Microsoft ... More

Videocon close to taking over Daewoo Electronics
Consortium with US fund puts in bid for $700 m for 97.6 pc stake More

Chandni Tex gets HC nod for mergers
Chandni Textiles Ltd, a home furnishings and textile company, has informed the BSE that the scheme of amalgamation for merger of Sidhaant Velvet Pvt Ltd, Zamna Spinners Pvt Ltd and Prerna Textile Industries Pvt Ltd with itself ... More

HLL okays merger of arms
The board of HLL has approved the proposal for the merger of Modern Food Industries Ltd (MFIL) and its subsidiary Modern Food and Nutrition Industries (MFNIL) with itself with effect from October 1, 2006. In terms of the ... More

M&M high on corporate governance
Mahindra & Mahindra Ltd (M&M) has been assigned `Governance and Value Creation Rating (GVC) Level - 1' rating by CRISIL for corporate governance practices. This is the highest rating in the category. The rating indicates tha More

AVP plans ayurveda project in Kottayam
The Arya Vaidya Pharmacy (Coimbatore) Ltd (AVP) is launching a project at Kottayam in association with Anugraha Hospital. Dr KM Cherian Heart Foundation will also be a participant in this joint venture project. Considering the contribution of ... More

M&M to invest Rs 1,000 cr in 3 years on expansion
Auto major Mahindra & Mahindra on Friday said that it would be investing Rs 1,000 crore on capacity expansion in the next three years and that it was looking at setting up assembly units in Russia and Malaysia. "We are looking at Rs 1,000 ... More

Cummins India, IISc tie up for biomass-based power systems
Cummins India will launch a new range of generator sets, which would work on gasifiers designed using IISc technology. The generator sets will be available in a range of ratings starting from 25 kWe, and extend to multiple unit power plants over 1.5 Mwe. More

Bio-Rad, ICT to offer biotech solutions

Bangalore management assn meet
Former ISRO Chairman, Dr K Kasturirangan, on Friday said that Bangalore's growth as a hi-tech city should not overshadow the growth of Tier II cities in the State, such as Mangalore, Hubli, Dharwar and Mysore. Addressing the annual convention of ... More

LML: Investors press exit button
Reference to BIFR acts as trigger More

GAIL keen on national grid project: CMD
Co has invested Rs 5,500 cr on the project so far More

Godrej & Boyce expects non-refrigeration biz to soar
Hopeful of 25 per cent growth in revenues More

Audi plans to launch new-look TT model
Audi, the German luxury carmaker, has plans to launch the new look Audi TT with a 3.2-litre engine in India. Earlier, the company had launched the iconic (1998) model with a 1.8 litre engine in January 2005. The new-look model was globally ... More

GM to launch Aveo-UVA with scaled-down engine capacity
General Motors India said on Friday that it would launch its hatchback model `Aveo-UVA' by November/ December with less engine capacity, so that the company could avail itself of the excise duty cut benefit announced in this year's Budget. "We ... More

Can the top 3 automakers zip past the million mark?
With the top three automobile manufacturers in the country - Maruti Udyog, Tata Motors and Hyundai Motor India - having reported cumulative sales of 6.47 lakh units for the first eight months, January-August 2006, the million mark for the ... More

Whirlpool eyes 20% growth
Whirlpool Corporation is expecting a 20 per cent growth for the full year and 40 per cent in the coming festive season. "Our market share in the refrigerators and washing machine has grown in 2005 and we expect to see the same ... More

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