The Hindu Business Line : Saturday, November 04, 2006

ANNOUNCEMENTS
Vizag Steel Plant appoints district-level dealers
Visakhapatnam Steel Plant (VSP) has appointed a network of 96 district-level dealers to reach steel to the rural areas, according to Mr H.S. Chattwal, Director - Commercial, VSP. He told the press here on Friday that currently rural areas ... More

DIVIDEND ANNOUNCEMENT
CWC pays Rs 7.8-cr dividend
Central Warehousing Corporation presented a dividend cheque of Rs 7.86 crore to Mr Sharad Pawar, Union Minister for Consumer Affairs, Food and Public Distribution. Mr N.K. Choubey, Managing Director of CWC, stated that the ... More

NEW BUSINESS
Rajesh Exports bags export order
Rajesh Exports has bagged an order worth Rs 226 crore for gold jewellery from Radha Krishna Jewellers, Dubai. The order is for the new festive collection developed by the R&D wing of the company. It has to be completed by ... More

Jindal SAW bags ONGC order
Jindal SAW Ltd has bagged an ONGC order valued at Rs 115 crore for 70-kilometre long pipes. The company emerged the lowest bidder for the connector casing business tender and the order of lion's share is likely to be awarded to ... More

AWARDS & HONOURS
UK honour for Deveshwar
Mr Y.C. Deveshwar, Chairman of ITC Ltd, has been named the `Business Person of the Year 2006' by UK Trade & Investment, a UK-based organisation, which supports overseas businesses in that country. The honour was conferred on Mr . More

COURTS/LEGAL ISSUES
Spain favours Ranbaxy on Lipitor
Ranbaxy Laboratories Ltd said that Spanish courts (the Mercantile Court of Barcelona, No. 2) recently found Spanish patent ES 2,167,306 (counterpart of Pfizer's EP 409 281, the Lipitor patent) to be invalid for lack of novelty. On October 27, ... More

ENVIRONMENT
MSPL plan to sell carbon credits worth Rs 200-250 cr
Plans to enter the capital market in December More

MERGERS & ACQUISITIONS
Sub-rule of takeover code resulting in loss to general shareholders
With a booming stock market and rise in the number of open offers that follow acquisitions, rampant use of a particular sub-rule , incorporated in the Securities and Exchange Board of India (SEBI) takeover code in September 2002, is resulting in ... More

NEW PROJECTS
Tata Motors in talks with Canada's Magna
Contract manufacturing for Rs 1-lakh car More

`TN major centre for Caparo's development'
Facility will be one-stop-shop for solutions: Angad Paul More

Ramsarup Ind may complete expansion by Dec
Ramsarup Industries Ltd, the second largest maker of steel wires after Tata Steel, targets to complete its Rs 52-crore ongoing expansion programme in the TMT and wire segments by December. The production from the expanded capacity will thus begin ... More

Stanley Works enters Indian market
Stanley Works, a US-based manufacturer of tools and security products, announced its entry into the Indian market on Friday. "Stanley is entering the Indian market after researching it for over 18 months. We feel that this is a fantastic time ... More

Omaxe to develop housing project
Omaxe has announced the development of its housing project The Forest-Delhi NCR, Surajkund. The 14.5-acre project includes 294 apartments and 12 penthouses. The four and five-bedroom apartments will be priced at Rs 1.8 crore ... More

Salim Group ropes in Chinese partner
Two-wheeler to be sold under `Arjun' brand name More

REGULATORY BODIES & RULINGS
Tentative US nod for Ranbaxy syrup
Ranbaxy Laboratories Ltd on Friday said it has received tentative US Food and Drug Administration approval to manufacture Cetirizine Hydrochloride Syrup. The total annual sales market for the syrup, prescribed for seasonal allergic rhinitis, is ... More

ALLIANCES & JOINT VENTURES
United Spirits, Russian co sign pact
United Spirits Ltd (USL) has entered into an agreement with Russian Standard Company, maker of the Russian Standard Vodka, to distribute USL's premium spirits in Russian markets. USL will, in turn, import and distribute various brands of RSC's ... More

Kalyani Group forms jt venture with ST Kinetics
Indian company will hold the majority stake More

Natco to supply more to Akorn
Natco Pharma Ltd has added two injectable drug products to its existing active pharmaceutical ingredients (API) under the API supply and margin sharing agreement entered into with Akorn Inc of the US. With this, the total number of products ... More

DIVERSIFICATION
Reliance makes a Fresh retail splash
To be followed by bigger versions in Mumbai, New Delhi and Ahmedabad More

Vimal Oil to raise funds
The Mehsana-based Vimal Oil and Foods Ltd, engaged in the edible oil business, is foraying into the Rs 6,000-crore food processing business. For this purpose, the company is to raise funds from the market and has already begun ... More

OUTLOOK
DaimlerChrysler eyes Indian bus market
Doing feasibility study for a range of products More

HAL eyes MRO pie at old Bangalore airport
In talks with Airbus and its main providers of maintenance, repair and overhaul services. More

PERFORMANCE
Ford India Jan-Oct sales double
Ford India's sales have doubled during the January-October period this year compared to the same period last year, according to a company release. Between January and October this year, the company sold 37,066 cars (18,298). ... More

Hyundai Oct sales goes up
Hyundai Motor India Ltd has sold 26,110 vehicles in October posting an 18 per cent growth over its sales during the same month of the previous year, according to a press release. The company had sold 18,603 units in the domestic ... More