Business Daily from THE HINDU group of publications
Thursday, September 21, 2006
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RESEARCH & DEVELOPMENT
Dr Reddy's diabetes molecule likely to enter phase-III soon
Enters into co-development and commercialisation deal with Rheoscience More

ANNOUNCEMENTS
German Remedies launches inhaler for asthma
Technology provided by Meda Pharma of Sweden More

Fiat offers enhanced warranty
Fiat India has announced a special offer of an "enhanced warranty" scheme for all Fiat Palio and Adventure vehicles sold through Fiat and Tata-Fiat network. Through this enhanced warranty, Fiat car customers now have an option of ... More

OVERSEAS BORROWINGS
Jet Airways defers plans to raise $800 m
To invest $2.5 billion to acquire 30 new aircraft More

NEW BUSINESS
BHEL bags Rs 1,224-cr UP contract
State-owned Bharat Heavy Electricals Ltd (BHEL) on Wednesday said it has bagged a Rs 1,224-crore contract for setting up a 500 MW thermal power expansion project in Uttar Pradesh. The Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd ... More

SAME India to supply 600 tractors to Angola
SAME Deutz-Fahr India (P) Ltd, the Indian arm of the Italian tractor manufacturer, has bagged an order from Government of Angola for 600 tractors, accessories and spare parts. The order is worth about Rs 45 crore, Mr Kamal Bali, Chief ... More

Alstom group bags Rs 330-cr orders
Power equipment maker Alstom Projects India Ltd said the group has secured four orders together worth Rs 330 crore. The orders are from NTPC Ltd, Tata Power, Nalco and GEA Energy Systems (India) for equipment supplies, renovation and ... More

AWARDS & HONOURS
Viswakarma awards to VSP staff
The Viswakarma Rashtriya Purasakar Awards were presented recently in New Delhi to some of the employees of the Visakhapatnam steel plant. Eleven awards were bagged by the VSP employees. A group of employees (five from the steel ... More

INSIGHT
Mergers of convenience
The practice of putting through private deals in which a third party practically cannot participate should be put an end to forthwith. More

Independent unattached directors
Rolling stones that will gather moss?

If SEBI and the stock exchanges expect the independent director to be their man in the company, vigilant of all infractions of, or deviations from, the law, it is unrealistic. More

COURTS/LEGAL ISSUES
Meet on resolving disputes
Kerala Management Association and the Nani Palkhivala Foundation, Chennai, are jointly organising a workshop on `Resolving Disputes through Institutional Arbitration' here on Friday at KMA House. Mr N.L. Rajah and Mr V.S. ... More

RESTRUCTURING
Gabriel India to sell Mumbai property
Gabriel India Ltd has decided to sell its property situated at Mulund in Mumbai for a consideration of Rs 85 crore. As part of the arrangement, a portion of this property will be licensed to the company for its use for an agreed ... More

MERGERS & ACQUISITIONS
Wockhardt Hospitals to run Rajkot hospital
Wockhardt Hospitals will now run the Rajkot-based N.M. Virani Hospital, following the transfer of operations and employees into its fold. The move also marks Wockhardt's foray into emerging metros such as Saurashtra in Gujarat. The 21-year-old ... More

WPP to acquire Ray & Keshavan
Plans entry into specialised design More

NEW PROJECTS
Loo-crative proposition
Parryware and Spanish company Roca ally to take advantage of the fast-growing premium sanitaryware segment. More

UB plans to invest more on expansion
Boom in beer sales in north India More

Hyundai plans new engine plant, R&D centre in India
Hyundai Motor Company said on Wednesday it will set up an engine and transmission plant and a research centre in India, in addition to its second automobile-manufacturing factory due to come up by October 2007. "The setting up of the second ... More

Chettinad Cement plans plant in TN
Chettinad Cement Corporation Ltd plans to set up a 2-million-tonne-a-year cement plant at Ariyalur, near Tiruchi in Tamil Nadu. The company's board has given an in-principle approval for the proposal, according to a communication ... More

OVERSEAS INVESTMENTS
India Infoline set for first overseas retail broking foray
To expand presence in West Asia More

TRADE & LABOUR UNIONS
Contract workers' stir enters 2nd day at Honda
Striking contract workers demand regularisation package More

ALLIANCES & JOINT VENTURES
Maruti, Magma Leasing in pact for car financing
Tie-up in line with MUL's plan to sell more in semi-urban, rural areas More

Recruitment co signs MoU with Japanese firm
Chennai-based ECHC Management Services Pvt Ltd, a recruitment and consulting firm, signed a memorandum of understanding (MoU) here on Wednesday with International Recruitment Japan Inc (IRJ), a talent search firm from Japan. As per the MoU, ... More

Ma Foi expands presence in West Asia
Ma Foi Management Consultants Ltd, the Chennai-based HR company, has expanded its presence in West Asia. It has formed a joint venture company — Ma Foi Management Consultants LLC — in which its partner Saeed Bin ... More

US co Active International, AerenR join hands
To introduce corporate trading More

VENTURE CAPITAL
Leela Ventures chief takes stake in Millennium India
Holds about 20,000 shares More

STANDARDS & BENCHMARKS
Suven Life gets NABL certification
Suven Life Sciences Ltd (SLSL) announced that it has received NABL (National Accreditation Board for Testing and Calibration Laboratories) certificate from the Department of Science & Technology, India, for its biopharmaceutical More

OUTLOOK
NTPC sells fly ash to DMRC, IOC, cement majors
Promotes use in cement concrete, mortar and reinforcing material More

Hyundai studies fuel options for Santro
Prospective buyers to get wider choice More

LG Elec India turnover to cross Rs 10,000 cr
LG Electronics India Pvt Ltd (LGEIPL), a wholly-owned subsidiary of the South Korea-based LG Electronics, said that it would cross the Rs 10,000-crore turnover mark next year, as a result of a growth rate of over 220 per cent in the flat panel ... More

Apollo Tyres sees margins improving
Apollo Tyres expects its operating margins to improve this fiscal on the back of the recent softening of natural rubber prices, its Chairman, Mr Onkar S. Kanwar, has said. "Due to fall in prices of natural rubber, our margins are ... More

Saregama to focus on tech to step up profits
RPG Group's Saregama India Ltd will soon complete the digitisation of its musical repertoire and focus more on technology for operational efficiency to improve its bottomline. Addressing a press conference, Mr Sanjiv Goenka, Vice-Chairman of ... More

PEOPLE
Shah Rukh's new role at Jet AGM
`But next meeting I will show my true colours' More

BOOKS
Directors in tricky spots
Apt read, even as the HP case simmers on, is Directors' Dilemmas by Patrick Dunne, from Kogan Page (www.vivagroupindia.com). "A fascinating insight into the corporate world where people, power and money can make for a dangerous ... More






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