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Thursday, October 19, 2006
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OVERSEAS BORROWINGS
GV Films may get $12 million from Daewoo Securities
Funds to be used for asset building venture, Studio City expansion More

DIVIDEND ANNOUNCEMENT
OIL pays dividend for 2005-06
Oil India Ltd (OIL) has paid for the year 2005-06 a total dividend Rs 556.5 crore being 265 per cent of the paid up capital of Rs 210 crore held by the President of India to the Government. According to an official release, ... More

NEW BUSINESS
L&T Oman bags $120-m orders
MUMBAI: Larsen & Toubro (Oman), a joint venture between L&T and Zubair Corporation, has bagged orders worth $120 million (about Rs 550 crore) for the construction of multi-storied apartments and villas at Sohar in the Sultanate of Oman. ... More

CREDIT RATING
Tata Steel under S&P rating watch
Tata Steel has been put on Credit Watch with negative implications by Standard & Poor's Ratings Services on Wednesday. Earlier, the company enjoyed a BBB long-term corporate credit rating by S&P. At the same time, it also placed its BBB forei More

MERGERS & ACQUISITIONS
UK laws that Indian acquirers need to know about
Corus in the UK has said that it has received `a 455 pence-per-share cash proposal from the Tatas'. The takeover proposal from Tata Steel Ltd is pegged at 4.1 billion. And it is learnt that `a firm recommended offer might be agreed by the end ... More

Tata Steel: Challenges ahead in Corus acquisition
Deal will catapult Tata Steel into top 10 league More

NEW PROJECTS
Bisleri to invest Rs 100 cr in natural water biz
As part of a brand makeover, the company would be changing its brand colour to aqua green. More

ILC to set up pellatisation unit in Koppal
The Hospet-based ILC Company Ltd, which is engaged in logistics and iron ore business, plans to set up a Rs 300-crore pellatisation plant, construct warehouses and cold storages. Mr K. Somashekar, Managing Director, told presspersons here on ... More

Lanco's Mangalore power project achieves financial closure
Power Finance leads consortium of banks, FIs More

OVERSEAS INVESTMENTS
FAO funds pepper unit in Lanka
Sri Lanka, as part of its programme to improve the quality of its pepper has implemented a pepper-processing project in the main pepper producing area in Nalanda in Matale district, probably a welcome news for the Indian importers. The project ... More

184 Indian cos secure investment approvals in Ethiopia
Tax holiday, exemption on import duty among sops More

ALLIANCES & JOINT VENTURES
BEML, Rotem may set up unit for metro coach inputs
Eyeing the rolling stock market for metro trains, Bharat Earth Movers Ltd (BEML) is likely to set up a manufacturing unit in the country in partnership with Korean rolling stock major Rotem to construct bogies and electrical inputs for metro ... More

Elder Health Care ties up with Australian co
To develop, manufacture and market Rye's wound-care products in India More

INTERVIEW
Why public sector oil companies fight shy of actively hedging price risks
The nature of risk exposure of an organisation to fluctuations in oil prices considerably depends on its position in the oil value chain. MR PARTHA BARDHAN, EXECUTIVE DIRECTOR, KPMG (INDIA) More

Big accounting firms may not be interested in SEBI's surveillance work
Recent reports speak of the intention of SEBI (Securities and Exchange Board of India) to create a separate outfit for stock market surveillance and investigation. On this, Mr N.R. Sridharan, a chartered accountant and former Director ... More

Our sourcing has been cheapest globally: Petronet LNG chief
`We want to do at least three cargos every two months' More

OUTLOOK
DLF to invest Rs 8,000 cr in MP
Real estate player DLF Ltd has announced plans to invest Rs 8,000 crore in projects in Madhya Pradesh. The investment will be used for residential, industrial SEZs, and IT park projects. The properties will come up in Bhopal, ... More

Fortis Healthcare plans to set up unit in Gujarat
Files red herring prospectus with SEBI to enter market More

Canon eyeing Rs 500-cr turnover by next year
To invest Rs 40 crore in marketing, brand-building exercise More

International Tractor to foray into car-making
To announce its tie-ups with global giants within the next six months More

PEOPLE
New MD for Hunter Douglas India
Mr P.K. Sundaramoorthy has been appointed as the Managing Director of Hunter Douglas India Pvt. Ltd, a window fashions and architectural products company. The parent company, Hunter Douglas, is a $2.2 billion Dutch major. ... More






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