The Hindu Business Line : Saturday, November 18, 2006

ANNOUNCEMENTS
Merc variant launched in Kerala
Daimler Chrysler India has launched its new generation Mercedes Benz E-class in the Kerala market. Speaking on the occasion, Mr Sanjiv Sahajwala, Director (sales and marketing) said that Kerala market contributes six per cent ... More

OVERSEAS BORROWINGS
Dr Reddy's fixes ADS price at $16
Dr Reddys Laboratories Ltd has announced the pricing of the public offering of 12.5-million (excluding the underwriters over-allotment option) American Depositary Shares (ADS) at $16 per ADS. In a press release here on Friday, the company said ... More

NEW BUSINESS
Gulf Oil bags orders worth Rs 300 cr
Gulf Oil Corporation Ltd, a Hinduja Group company, has been awarded mining projects worth Rs 300 crore - Rs 110 crore from Singareni Collieries Company Ltd (SCCL) and Rs 190 crore from Coal India Ltd. SCCL is the first company to introduce ... More

ESOPS
Revenue shoots itself in the foot
Rewarding employees through performance incentives is becoming de rigueur in the corporate sector, especially at the medium and top echelons. While this is a cash salary that hinges on individual, group and company performance, which ... More

IPR
Bilcare wins US patent
Bilcare has won a patent from the US patent office for its pharmaceutical grade metalised thermo-formable (a plastic in which cavities can be made) composite films. "In a world where protection of intellectual property rights is ... More

MERGERS & ACQUISITIONS
An amendment that can boost M&A
Revaluation of assets before merger will necessitate payment of huge stamp duties. That will mean coaxing various State governments to pass necessary laws for exempting the merged entity from stamp duty. Section 72, originally contemplated for rehabilitation of sick industrial units, has undergone a metamorphosis. More

Ocimum Bio buys Dutch co
Deal to help it turn global oligo player More

NEW PROJECTS
Grasim Industries locates viscose modal studio in Tirupur
One-stop service centre for the textile industry More

OVERSEAS INVESTMENTS
Apollo to run Lanka Hospitals
Although Apollo Hospitals Enterprise Ltd sold off its 32 per cent stake in The Lanka Hospital Corporation, the Chennai-based corporate hospital group will continue to run Apollo Lanka under a management contract. In September, ... More

Coal India plans to bid for overseas blocks
May team up with SAIL, Vizag Steel More

ALLIANCES & JOINT VENTURES
Download music from anywhere to your mobile
Bharti ties up with S. Korean SKC&C More

Reliance, Videocon sign separate pacts in Timor
Reliance Industries Ltd and Videocon Industries have signed separate production sharing contracts (PSCs) in the Democratic Republic of Timor. Videocon's global subsidiary concluded a PSC with Timor Sea Designated Authority for the JPDA block ... More

RRL-T licenses new synthetic rutile tech
Kochi company pays Rs 1 crore More

Singareni ties up with Australian co Carbon Energy
To study potential for underground coal gasification, develop new tech More

Birla Transasia eyes joint ventures for tech know-how
Plans to increase exports More

SOCIETY & DEVELOPMENT
`Corporates must wake up to social responsibility'
Businesses must include corporate social responsibility (CSR) as part of their intrinsic operations. Only then could CSR activity be sustained, according to Mr Abhiram Seth, Executive Director - Exports and External Affairs, Pepsico India ... More

RINL staff aid for flood relief
The employees of the Visakhapatnam steel plant (Rashtriya Ispat Nigam Ltd) have donated Rs 92,35,276 to the Chief Minister's relief fund for providing succour to the affected people due to heavy rains in the coastal districts of ... More

SICK UNITS
AP CM to discuss BHPV issue with Centre
The merger or takeover of the BHPV, Visakhapatnam, will be taken up with the Centre by the Chief Minister, Dr Y.S. Rajasekhara Reddy. According to a press release from the Chief Minister's Office, Dr Reddy would meet the Union Minister for ... More

OUTLOOK
`Use of by-products crucial for Andhra Sugars success'
Group Chairman lays emphasis on maintaining quality More

RINL to produce 16 mt steel by 2018
The Rashtriya Ispat Nigam Ltd (RINL) has set a target of producing 16 million tonnes (mt) of liquid steel by 2018, at an investment of over Rs 25,000 crore. "The RINL board at its meeting last week has approved a roadmap for increasing its ... More

Finolex hopes to keep pipes sales growth at 24%
With PVC pipes penetrating the construction industry and drinking water segment, Finolex Industries Ltd hopes to maintain its PVC pipes sales growth in 2006-07 at last year's level of 24 per cent, according to Mr Vivek Khandekar, President of ... More

Sai Advantium to invest $20 m in upgrading, adding facilities
Scouting for partners to support expansion programme More

Global Auto plans sub Rs 1-lakh car
Global Automobiles, which recently announced its plan to foray into motorcycles in tie-up with Chinese company Guangzhou Motors, has initiated discussions to roll out a low-cost car in India. "We are in talks with automobile manufacturers from ... More

Alps Ind plans to expand organic cotton acreage
Sets a target of Rs 800 cr by fiscal 2007-08 More