Business Daily from THE HINDU group of publications
Saturday, September 16, 2006
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CORPORATE

ANNOUNCEMENTS
Nagarjuna Construction gets nod for share capital hike
The shareholders of Nagarjuna Construction Company Ltd (NCC) at the annual general meeting have authorised the board of directors to enhance the authorised share capital to Rs 50 crore divided into 25 crore equity shares of Rs 2 each from the ... More

DIVIDEND ANNOUNCEMENT
BHEL to pay 145 pc dividend
Bharat Heavy Electricals Ltd (BHEL) has announced an all-time high dividend payout of 145 per cent of its equity share capital for 2005-06, beating the previous high of 80 per cent announced for 2004-05. The company's turnover for the last ... More

COURTS/LEGAL ISSUES
Maruti loses case on domain name
May not reply if US citizen files motion for summary judgment More

INFORMATION TECHNOLOGY
e-filing mandatory from today
e-filing of annual return, balance sheet and profit and loss account would become mandatory for companies from September 16, the Ministry of Company Affairs has said. An official release said that all electronic filings require ... More

POWER
`Energy saving crucial for Indian cos'
Energy saving is crucial for Indian companies to cut costs and compete in the international market, as it is a significant component of the cost of production, according to Mr M.V. Anantha Krishna, the Executive Director of M.K. Raju Consultants ... More

CREDIT RATING
CARE revises ratings assigned to ITI
CARE has revised downward the long-term bond issue of ITI Ltd, a telecommunication company, to CARE D (SO) [Single D (structured obligation)] from CARE AAA (SO) [Triple A (Structured obligation)] with credit watch. The rating ... More

MERGERS & ACQUISITIONS
Dabur eyes M&As in personal, health, skincare segments
Plans to acquire brands that fit its product portfolio More

NEW PROJECTS
Audi plans to set up manufacturing plant in India
Launches SUV `Q7' with diesel and petrol variants More

Malu Paper to expand
Targets 90,000 tonnes in 2007-08 More

Royal Orchids plans star hotels in major cities
The Bangalore-based Royal Orchid Hotels Ltd (ROHL), which has 500 rooms in Bangalore and Mysore, has prepared a Rs 500-crore expansion plan to set up star hotels in major cities across India in the next two years. The hotels would come up in ... More

SRK Group's apartments project
The Pune-based SRK Group has announced the launch of the Rs 200-crore luxurious and eco-friendly apartments project - Sky Wings Luxury apartments - at the suburban Kakkanad near the proposed Smart City. The project will ... More

ALLIANCES & JOINT VENTURES
Singapore co to open resort in Kerala
The Singapore-based Banyan Tree Holdings Ltd will start operations in Kerala with a resort located on the Vemband Lake. The company, which develops and manages luxury hotels and spas across the Asia-Pacific region, will run the Kerala property ... More

Essar signs pact with German co for wind turbines
Essar Wind Power Pvt Ltd, a wholly owned subsidiary of Essar Global signed a licensing agreement with REpower Systems AG of Germany on Friday for the design and manufacture of 1.5 and 2 MW wind turbines in India and marketing in South East ... More

EVENTS
Development Summit in Mysore from Monday
The summit will culminate in the creation of Asia OD Network. More

OUTLOOK
`AV Birla Group to be on Fortune-500 list by 2010'
Not keen on special economic zones at present More

Bentley plans to launch convertible soon
Bentley, which makes some of the most expensive cars in the world, plans to launch its convertible in India soon. An official with the company told Business Line that the six-lt convertible will cost around Rs 2.25 crore. The model ... More

NTPC scouts for sites for nuclear project
To buy 2.5 mmscmd gas from spot markets More

Dabhol project restart slated for October
Power cost to jump to Rs 6-6.25 per unit More

PEOPLE
M.A. Alagappan new Murugappa group chief
Mr M.A. Alagappan, Vice-Chairman of the Murugappa Corporate Board and a member of the promoter family, is set to take over as the Chairman of the group, says a press release. The incumbent (professional) Chairman, Mr P.S. Pai's ... More






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Top Stories
Silicon Valley VCs on hunt for start-ups

`Next 3-6 months crucial for Asian markets'

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El Nino will not affect monsoons, say meteorologists

The residence factor and tax incidence

No relook at duty cut to 5 pc under Target: DGFT

Maruti loses case on domain name

`Drastic fall unlikely in natural rubber prices'

Looking back
Sep. 3-Sep. 9
Amtek Auto readies acquisition strategy

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Cairn says it has complied with DGH norms on gas reserves

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Skoda Octavia to get a facelift too

ACC plans Rs 1,000-cr capacity expansion

RBI issues norms for financial entities investing abroad

Cairn working on apt mode to disclose reserves

Sizzling days for M&A closer home too



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