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Saturday, November 11, 2006
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ANNOUNCEMENTS
`4 NTPC units to be developed as merchant power plants'
Tariff would be based on demand, supply More

Adhunik to use securities premium account for tax liability
Shareholders of Adhunik Metaliks Ltd, at the company's EGM on Friday, authorised it to utilise the securities premium account for meeting the deferred tax liability. Mr Alok Sarda, CFO of the company told Business Line that since the ... More

OVERSEAS BORROWINGS
Granules to raise $20 m
Granules India Ltd (GIL), the Hyderabad-based granulation company, would raise funds to the tune of $20 million for its expansion programme. The company has decided to raise the funds through the issue of convertible ... More

DIVIDEND ANNOUNCEMENT
ICSA to pay 12 pc interim
ICSA (India) Ltd has announced that its board of directors has recommended an interim dividend of 12 per cent on the back of good second quarter results. In a statement, the company said ICSA has bagged an order worth Rs. 17.65 ... More

NEW BUSINESS
Voltas eyes expanded role in water-treatment biz
Banks on expertise accruing from major Singapore project More

Punj Lloyd bags Rs 803-cr order
Punj Lloyd Ltd has bagged an EPC order worth Rs 803.7 crore for the Doha Urban Pipeline Relocations Project from Qatar Petroleum. The scope of work includes laying of 97.2 km of pipeline and bi-directional and multi-product ... More

COMPANY LAW
Govt giving final touches to new Cos Bill: Minister
Ministry officials to meet Standing Committee members on Nov 16 More

HUMAN RESOURCES
Now, NRI researchers heading home
Opportunities opening up in pharma sector More

MERGERS & ACQUISITIONS
Indian Hotels to pay $170 m for Ritz-Carlton of Boston
Group's second US property will function as Taj Boston from January 11 More

IOC yet to decide on stake in Indonesia's Tuban Petro
Decision likely to be taken in the next 15-20 days More

Indegene buys MedCases
Indegene Lifesystems, a provider of medical education and medical marketing services, has fully acquired the US-based MedCases LLC, which offers interactive continuing medical education (CME). The acquisition is believed to have ... More

NEW PROJECTS
Grasim plans cement plant in Orissa
Grasim Industries said it plans to set up a 3.5 million tonnes-per-annum (mtpa) integrated cement plant in Orissa for Rs 1,200 crore. The project includes a 50 MW captive power plant. The plant is expected to be commissioned in three years, ... More

Avtec sets up Rs 20-cr unit in Chennai
Avtec Ltd, a company of the GP-CK Birla group, has set up a unit in the Madras Export Processing Zone for manufacturing transmission assemblies. The plant, which took Rs 20 crore to build, will produce automatic transmission systems and their ... More

Samsung India signs pact with TN to set up manufacturing unit
Proposes to invest up to $100 million in the complex More

NTPC hopeful of `green' signal for TN project
NTPC is confident of getting the environmental clearance of its 1,000 MW Ennore project shortly. The company's Chairman and Managing Director, Mr T. Sankaralingam, said today that work on the project could commence in March 2007. The `Notice ... More

ALLIANCES & JOINT VENTURES
Raymond, Italian co Grotto to set up 50:50 joint venture
`GAS' brand to be launched in India More

SOCIETY & DEVELOPMENT
Global textile union, Gap Inc form joint initiative
Promoting industrial relations thru corporate social responsibility More

DIVERSIFICATION
Usha Martin, Gustav Wolf venture to make tyre bead
To increase capacity of steel cord unit More

OUTLOOK
Tata Motors' Rs 1 lakh car may cost more
Inflation, rising raw material costs More

Tata Precision eyes aerospace sector for biz
Tata Precision Industries Ltd, based in Singapore, plans to make components for the aerospace industry. The company is into precision machining, tool design and manufacturing, plastic injection moulding and fine blanking and supplies parts to ... More

Work on Dabhol Phase-II may be over by March
Power generation will begin once gas is available More

Brightwill invests $20 m in Everest Kanto
Everest Kanto Cylinder Ltd (EKC), engaged in manufacture of high-pressure gas cylinders, on Friday announced that Brightwill Ltd, a subsidiary of a fund managed by CLSA Private Equity Management Ltd, has invested $20 million in the company. ... More

Great Offshore to spend $240 m on fleet expansion
Great Offshore Ltd, the new entity that was formed after the de-merger of Great Eastern Shipping, has lined up a capital expenditure programme of $240 million to augment its fleet of offshore support assets. Mr Vijay Sheth, managing director of ... More






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