Business Daily from THE HINDU group of publications
Friday, September 22, 2006
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CORPORATE

ACCIDENTS
Fire at Tata Motors' Pune unit
A fire broke out at the paint shop of Tata Motors here early on Thursday morning. The plant manufactures the Indica, Indigo and Indigo Marina models. Tata Motors said in a statement that the cause of the fire and the extent of the damages ... More

ANNOUNCEMENTS
MRPL imports crude oil under advance licensing
The imports are made under the Advanced Licensing Scheme More

Lanco Global Systems to hike capital
Lanco Global Systems Ltd has informed the BSE that an extraordinary general meeting would be held on October 12 to increase the authorised share capital of the company from Rs 26 crore to Rs 40 crore. This is aimed at allotment of up to 75 lakh ... More

CORPORATE DISPUTES
Bombay High Court to hear Jet-Sahara dispute
Hearing to continue on Friday for the pending cases More

OVERSEAS BORROWINGS
Mid-cap cos find QIPs as viable route
Provide opportunity for companies to raise funds domestically More

MANAGEMENT
`Speaking out when needed is important'
"Be a professional, speak out, know when to say `No' and learn the principles of economics," was the advice from Mr Ajmal Khan, Vice-President, IBS Software, Kochi, to the students of the Department of Computer Applications during Cybercrest'06, ... More

MERGERS & ACQUISITIONS
ONGC-Sinopec acquires Columbian oil firm
To pay $425 m each for acquisition More

CORPORATE GOVERNANCE
Basic rules of ethics have answers to corporate dilemmas
The story of HP-Gate or how Hewlett-Packard spied on its directors and others continues to roll on. "HP spying reads like Cold War tale," writes Benjamin Pimentel in San Francisco Chronicle (www.sfgate.com). While a traditional line ... More

NEW PROJECTS
Carbon credits elusive for some RIL, Hindalco, Essar projects
Projects `not approved' by UN methodology panel More

L&T plans expansion at Ahmednagar plant
Larsen and Toubro on Thursday laid the foundation for a switchboard manufacturing plant in Ahmednagar to increase the capacity of its Electrical and Electronics Division (EBG) there. The manufacturing plant will have a built-up area exceeding ... More

Preethi mixer maker plans tabletop wet grinder foray
Plans to expand its gas stove range and introduce tabletop wet grinders More

OVERSEAS INVESTMENTS
House of Pearl Fashions' US arm
House of Pearl Fashions Ltd has set up a wholly owned subsidiary in the US — House of Pearl Fashions US Inc. The subsidiary will focus on marketing and establishing of supply chain alliances with global brands based in ... More

REGULATORY BODIES & RULINGS
Ranbaxy gets nod to sell furosemide pills in US
Ranbaxy Laboratories Ltd has said it has got approval to sell its generic version of Sanofi-Aventis SA's Lasix diuretic drug in the US. The drug is used to treat heart failure and renal disease. Ranbaxy received approval from the Food and ... More

ALLIANCES & JOINT VENTURES
Ipca inks marketing pact with Ranbaxy's US arm
Ipca Laboratories Ltd has entered into a strategic alliance with Ranbaxy's wholly owned subsidiary in the US to market the former's products. Florida-based Ranbaxy Pharmaceuticals Inc sells generic and branded prescription products in the ... More

VENTURE CAPITAL
Virgo Engineers raises $10 m from Tano India
Plans capacity expansion, facility in Europe More

SICK UNITS
MFL holds Govt responsible for losses
Iran promoter refuses to infuse funds More

OUTLOOK
LifeCell to invest 60 cr to set up more centres
LifeCell, the Chennai based stem cell banking and research centre, plans to invest Rs 60 crore in the next two years to set up stem cell transplant centres in India and abroad. Currently, it has 18 marketing and collection centres in India and ... More

Yashoda Hospitals plans mobile labs
As part of its corporate social responsibility initiatives, Yashoda Group of Hospitals plans to launch sophisticated mobile diagnostic laboratories in rural Andhra Pradesh with an initial investment of around Rs 6 crore. Three mobile diagnostic ... More

IFFCO set to boost output by 1 million tonnes
Chalks up Rs 10,000-cr investment plans More

US furniture major eyes India, China
US furniture major Herman Miller sees India and China as the markets with the most potential in the next 10 years, according to Mr Paul Iles, International Marketing Distribution Director, Herman Miller. The company's manufacturing facilities ... More






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Top Stories
Indian market is gathering pace

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