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Friday, November 17, 2006
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CORPORATE

ANNOUNCEMENTS
Swarnandhra jute mill begins production
Swarnandhra Jute Mills Pvt Ltd, set up at Pydhibheemavaram village in Srikakulam district at a cost of Rs 10 crore, started commercial production on Wednesday. The mill was inaugurated by Mr Mullapudi Harischandra Prasad, Chairman of Andhra ... More

Integrity Pact helps ONGC cut contractual complaints
Oil and Natural Gas Corporation Ltd (ONGC) has brought down the number of contractual complaints after it adopted the Integrity Pact last year to institutionalise transparency in its procurement practices. Integrity Pact is a tool devised by ... More

Coromandel Fert equity issue
Coromandel Fertilisers Ltd , part of the Murugappa Group, has obtained the approval of shareholders for the issue of equity/securities linked to equity for an amount of up to Rs 230 crore or its equivalent in any other currency. ... More

PREFERENTIAL ALLOTMENTS
Rain Commodities to raise funds
The shareholders of Rain Commodities Ltd at an extraordinary general meeting held on Thursday have approved the proposals to increase the company's authorised share capital and raise funds through issue of securities. The company ... More

CORPORATE DISPUTES
Sharing of signals: Tata Sky files appeal against Sun
Tata Sky has filed an appeal with the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) against the Sun Group accusing the latter of refusing to share signals. The DTH service provider TataSky is believed to have told the Tribunal that ... More

AWARDS & HONOURS
Award for travel co
The Bangalore-based travel company, The Blue Yonder, has won a `highly commended' mention at the First Choice Responsible Travel Awards 2006. The company, which offers customised holidays in Kerala, was one of the three organisations that won ... More

Ernst & Young award for Suzlon chief
Mr Tulsi Tanti, Chairman, Suzlon Energy Ltd, has been named the `Ernst & Young Entrepreneur of the Year'. The award for `Manager Entrepreneur of the Year' was given to Mr S. Ramadorai, CEO, Tata Consultancy Services. Mr Jignesh Shah, Managing ... More

BHEL bags award for biz excellence
Bharat Heavy Electricals Ltd (BHEL) was announced the winner of a prize for business excellence under the CII Exim Award scheme. The recognition was bestowed on BHEL's heavy electrical equipment plant at Haridwar. Jointly ... More

MANAGEMENT
`As in cricket matches, projects too count'
Does it not sound strange to hear that Six Sigma, a tool for perfection, has relevance to the game of cricket, particularly Indian cricket whose players are inconsistent in performance and often falter in a crunch and do not live up to the ... More

MERGERS & ACQUISITIONS
Holcim hikes stake in Gujarat Ambuja Cements to 18.4 pc
Pays Rs 685 cr for 50 m shares in two block deals More

Sanmar group buys Egyptian co for Rs 900 cr
Acquires German auto parts firm for Rs 93 cr More

M&M in talks to acquire German co
Mahindra & Mahindra is in discussion with the promoters of Schoeneweiss & Co GmbH, a forging company based in Germany, to acquire a majority stake from the promoters, according to a BSE (Bombay Stock Exchange) notice. In ... More

NEW PROJECTS
Tata car project: Land acquisition in Singur nearing completion
Payments made for 550 acres, to pay for rest by month-end More

IndianOil in talks to take part in Turkey pipeline project
Indian Oil Ltd is negotiating with global crude oil trading lobby to firm up throughput commitment for its proposed participation in the Trans Anatolian Pipeline Project (TAPP) in Turkey promoted by ENI of Italy and Calik Energy of Turkey. The ... More

Price expectations are low from Indian buyers: Woodside Energy
Prospective Indian buyers of liquefied natural gas (LNG) from Australia such as Petronet LNG and GAIL (India) have to get more realistic on prices. The tendency to pitch for and stick to low prices that are not in line with the market could mean ... More

S P Apparels close to clinching deal with New York Life fund
Company has embarked upon a major capacity expansion project. More

Sangam (India) to hike capex by Rs 167 cr
Sangam (India) Ltd, a manufacturer of polyester-viscose dyed yarn, announced it has increased its capital expenditure by Rs 167.40 crore, bringing its total capex to Rs 707.40 crore. Under this expansion plan, the company plans to add 51,840 ... More

OVERSEAS INVESTMENTS
Hampson Precision of UK to shift assembly lines to India
To take advantage of availability of engg skills, cost savings More

ALLIANCES & JOINT VENTURES
Endura in pact with Chinese co for jt venture
Endura Projects and Infrastructure Pvt Ltd, the Hyderabad-based company providing consultancy and EPC (engineering, procurement and construction) services in electrical, electronics and mechanical engineering fields, has announced that it has ... More

Tata Technologies teams up with SAE for tech course
An online training programme is posted on www.ikstata.com where every student is given a username and password to access the course. More

Advinus, Merck join hands for drug development
To focus on metabolic disorders such as diabetes and obesity More

Customised vehicles: Kinetic mulls joint ventures with US cos
Kinetic Group is looking at the manufacture of customised vehicles through joint ventures with companies based in the US. The niche products include electric scooter, go-karts, children's bikes, modified scooters for the disabled, delivery ... More

DIVERSIFICATION
Sterlite to set up 2,400-MW power project
Sterlite Industries India Ltd is expanding its business canvas from metals and mining to the power sector. The company will be foraying into commercial energy business by setting up a 2,400 MW green field power plant in Jharsuguda, Orissa, ... More

Super Spinning plans foray into organic cotton cultivation
To go in for tribal farm tracts in Orissa, TN More

OUTLOOK
Novo Nordisk sees big anti-diabetes launches in 2 years
Trials on for drug that also lowers diabetics' weight More

PEOPLE
TN Road Development Company CEO quits
There has been a change of guard at Tamil Nadu Road Development Company Ltd (TNRDC) with its Chief Executive Officer, Mr Rohit Modi, quitting. The infrastructure company, which is handling the implementation of the IT Corridor project in ... More






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