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Saturday, October 07, 2006
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CORPORATE

NEW BUSINESS
Reliance bags Hyderabad airport fuel farm operations
Storage capacity can handle fuel needs for 10 days More

MERGERS & ACQUISITIONS
`Escorts-acquisition benefits in three years'
IPO planned to dilute up to 25 pc equity: Fortis chief More

NEW PROJECTS
ABB plans robot manufacturing centre in India
To cash in on automobile boom More

OVERSEAS INVESTMENTS
Cipla sets up Dubai subsidiary
Cipla Ltd has set up a wholly-owned subsidiary, Cipla FZE, at Jebel Ali Free Zone in Dubai, United Arab Emirates. Mr Amar Lulla, Cipla's Joint Managing Director, told Business Line that the subsidiary was to aid logistics, ... More

Sona Group to invest $10 m in N. America
Auto components major Sona Group on Friday said it would make an initial investment of $10 million to set up a gear manufacturing facility in North America. "The investment will be made by our joint venture company — Sona Okegawa ... More

ALLIANCES & JOINT VENTURES
Ranbaxy signs pact with Canadian co
Ranbaxy Pharmaceuticals Canada Inc said on Friday that it signed a second licensing and supply agreement with Canada-based pharma company Janssen-Ortho Inc. The wholly-owned subsidiary of Ranbaxy Laboratories Ltd will market and sell the ... More

INTERVIEW
`Reliance Industries Q2 profit may grow by 6 per cent'
Petchem margins may dip due to lower Chinese demand More

`Leyland's FY07 sales target to rise by 4-5 pc'
Mr K Sridharan, Chief Financial Officer of Ashok Leyland, says that the company's market share stands at over 30 per cent after taking into account September sales. He says that the market share for the year to date stands at 28 per cent. Mr ... More

DIVERSIFICATION
Lakshmi Mills forays into readymade garments segment
Launches western casual wear brand `Tyche Life' More

RIGHTS ISSUE
Equity being raised for three projects: Orient Paper
The Orient Paper board has approved raising up to Rs 175 crore via a rights issue. The company's Managing Director, Mr ML Pachisia, says that the equity is being raised for three projects, which include expansion of their cement capacity, setting ... More

OUTLOOK
P&G's new units to commence production this quarter
The two new plants of Procter & Gamble Hygiene and Health Care Ltd in Baddi, Himachal Pradesh, are expected to commence production this quarter, said Mr Bharat V. Patel, Chairman, Procter & Gamble Hygiene and Health Care Ltd, at the company's More

Essar awaits Mehsana block results
Drilling schedule was delayed due to floods More

PERFORMANCE
JSW Steel registers 7 pc increase in pellet production
JSW Steel Ltd registered a 7 per cent increase in its pellet production at 1.014 million tonnes in its second quarter of financial year 2006-07. This is as compared to the second quarter for 2005-06 at 0.942 million tonnes, a company release ... More






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Top Stories
Forrester sees slowdown in US tech spend

Govt paper on PD books to be parent bank's SLRs

Forex reserves fall over $1.2 b

`Banks yet to obtain digital signatures in a big way'

H1 commodity futures turnover up 200 per cent

Global economic outlook weakening: OECD

Realty boom drives up ceramic, tile firms' stocks

Differential MSP for ELS cotton on cards

Looking back
Sep. 24-Sep. 30
Partner for Sun Pharma's de-merged entity ruled out

Godrej, Malaysian co sign MoU for palm plantation

`Blank cheque companies' enter India

Bengal to hand over land to Tatas

Doubts cloud ONGC's plan to bring LNG from Sakhalin-I

M&M to acquire 67.9% stake in German co Jeco Holding

ABB to ramp up automation products biz



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