Business Daily from THE HINDU group of publications
Thursday, October 12, 2006
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CORPORATE

MODERNISATION
Dunlop spends Rs 150 cr in modernisation of plants
First tranche of term-loan likely this week More

PREFERENTIAL ALLOTMENTS
Trent plans preferential, rights issues
Trent Ltd, a Tata Group company, has decided to raise about Rs 285 crore through a preferential issue of shares to promoters with attached warrants and a right issue of shares. The decision was taken at the board meeting held on Tuesday. The ... More

OVERSEAS BORROWINGS
Claris Life Sciences plans to launch cancer drugs by year-end
To raise Rs 100 cr through ECB More

NEW BUSINESS
Hinduja TMT to pump Rs 500 cr in arm
Hinduja TMT (HTMT) has announced plans to invest Rs 500 crore in its newly floated company, IndusInd Media & Communications Ltd for content production, distribution and exhibition (multiplexes) in the country. The funds will also be equally ... More

Madhucon's TN project closure
TN (DK) Expressways Ltd, promoted by Madhucon Projects, has achieved financial closure for its build-operate-transfer (BOT) project in Dindigul in Tamil Nadu. The Rs 360-crore project will design, construct, develop, operate ... More

OUTSOURCING
Cooper Ind, Patton sign pact
Cooper Industries of the US, a global manufacturer of electrical products and tools, has entered into a memorandum of understanding (MoU) with Patton International Ltd of Kolkata, whereby the latter will manufacture electrical switch boxes, ... More

GENDER
Reservations about quotas for women on boards
With women matching up to men in every walk of life, the crutch of reservation on company boards is not warranted. More

MERGERS & ACQUISITIONS
Merger is an option in Tata Steel-Corus talks
Both cos weighing possibility of merger along with buyout proposal More

NEW PROJECTS
Maharashtra, Dempo Group sign pact
The Maharashtra Government and Sindhudurg Mining Corporation, a Dempo Group company, on Wednesday signed a MoU for the setting up of a Greenfield Rs 1,000-crore mining project in the backward Sindhudurg district. The project ... More

OVERSEAS INVESTMENTS
`Singapore ideal pick to set up production'
Singapore would be one of the ideal locations in the ASEAN and East Region for the Indian business to set up production facilities for reaching other international markets. Attractive incentives offered by the island nation and its infrastructure ... More

REGULATORY BODIES & RULINGS
Aurobindo gets FDA nod for AIDS drug
Aurobindo Pharma Ltd has announced that the United Sates Food and Drug Administration (USFDA) has granted tentative approval for the company's Didanosine Oral Suspension (paediatric powder) 10 mg/ml. The drug is indicated for use in paediatric ... More

ALLIANCES & JOINT VENTURES
Shareholders' pact signed for rail SPV
Haridaspur-Paradip Railway Company Ltd, the SPV that would build the 82-km rail link in Orissa to shorten the distance between the iron ore mines in Keonjhar area and Paradip Port, became operational on Thursday with the signing of shareholders' ... More

VENTURE CAPITAL
Parikh Associates plans to invest Rs 60 cr in Sahil Group
The investment is being made into residential projects More

DIVERSIFICATION
NEPC plans to diversify
NEPC India on Tuesday announced its intention to diversify into two new businesses — stair lift and hybrid power system using high voltage batteries, inverters and UPS. In a notification to the BSE, NEPC said that the company had been ... More

OUTLOOK
Essar drilling apace in Ranigunj block
Essar Oil expects to complete the first part of the exploration drilling in Eastern Ranigunj coal bed methane block in West Bengal in early 2007. Scheduled to drill 12 core holes, the company has already drilled three and is expecting to ... More






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Top Stories
Pepper futures crash again

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Looking back
Oct. 1-Oct. 7
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Tetley acquires 33% in S. African tea co



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