The Hindu Business Line : Saturday, December 16, 2006

OPEN OFFERS
Ruia to make 20 pc open offer in Dunlop, Falcon Tyres
In accordance with the SEBI directive in November, the Ruia group has decided to go in for 20 per cent open offer in Dunlop India Ltd and Falcon Tyres Ltd. According to the group Chairman, Mr P.K. Ruia, efforts are on to approach SEBI with a ... More

OVERSEAS BORROWINGS
Financial Tech raises $100 m thru FCCBs
Financial Technologies India Ltd has raised $100 million (Rs 450 crore) by issuing foreign currency convertible bonds to be listed on the Singapore Stock Exchange. The bonds will be convertible into shares at Rs 2362 a share, a premium of 20 ... More

COMPANY LAW
Limited liability partnership Bill introduced in Rajya Sabha
Will particularly benefit entrepreneurs, professionals and enterprises providing services More

AWARDS & HONOURS
Aditya Park Inn bags award
Aditya Park Inn, Hyderabad, one of the flagship hotels of Sarovar Hotels and Resorts Group, has bagged the first prize at the National Energy Conservation Awards 2006 in the hospitality sector. The prize was presented by the ... More

COURTS/LEGAL ISSUES
First principles on seconded staff
AT&S is Europe's number 1 printed circuit board (PCB) producer, announces www.ats.net. The company, based in Austria, has factories in India (Nanjangud), China (Shanghai) and Korea (Ansan). The Nanjangud plant produces multi-layer PCBs for ... More

RESTRUCTURING
FCI OEN to sell automotive connector biz
To focus on telecommunications sector More

MERGERS & ACQUISITIONS
Unichem acquires stake in Niche
Unichem Laboratories Ltd has acquired the remaining 40 per cent stake in its subsidiary Niche Generics Ltd to make it a wholly owned subsidiary. Prior to this acquisition, Unichem held 60 per cent stake in the subsidiary while 40 ... More

Aurobindo to merge two arms
Aurobindo Pharma Ltd has informed the BSE that the company's board has approved the merger of APL Life Sciences Ltd and Senor Organics, both being wholly owned subsidiaries of the company, with itself. With the scheme to be ... More

Tata Steel shines
Tata Steel shares rose on Friday by 5.36 per cent to Rs 459.25 on the BSE, prompted by unconfirmed reports of the company pulling out from bidding for Corus. A Tata Steel spokesman, however, declined to comment on the market buzz. ... More

NEW PROJECTS
Gujarat Ambuja, ACC to invest Rs 3,000 cr
Plan to increase cement capacity by 3 mt each More

Making a point
The former Prime Minister, Mr V.P. Singh, with the Trinamool Congress leader, Ms Mamata Banerjee, who is on her 12th day of hunger strike, protesting the acquisition of farm land at Singur, for the proposed car project of Tata ... More

Simbhaoli commissions new unit
Simbhaoli Sugars Ltd has commissioned its new mill at Brijnathpur (Ghaziabad district, Uttar Pradesh). The mill, set up at a cost of around Rs 127 crore, has a capacity to crush 4,000 tonnes of cane daily (tcd), which is ... More

Rama Pulp plans expansion
Rama Pulp and Papers Ltd will invest Rs 60 crore to acquire additional capacity of 40,000 tonnes per annum. Currently, its capacity is about 21,500 tonnes per annum. Out of the Rs 60 crore, Rs 15 crore will be promoters' ... More

ALLIANCES & JOINT VENTURES
IndianOil enters pact with Sinopec
To cooperate in hydrocarbon sector, international trade More

Radico, Diageo venture gets FIPB nod
Radico Khaitan has announced that its joint venture partner has received FIPB approval for entering into a 50:50 joint venture. The company had earlier this year said that it had entered into an agreement with Diageo. The first board ... More

INTERVIEW
UK Takeover Code silent on parallel schemes of arrangement
`Corus Board is in no hurry to bring things to a head' More

OUTLOOK
General Mediterranean hopeful of reviving TN power project
State Govt `very supportive of project' More

Niko may start drilling in Cauvery block in July
Niko Resources expects to commence drilling programme in Cauvery block in the South in July 2007. According to a recent company communiqué, Niko is currently conducting 3D seismic data acquisition programme in the block. The acquisition is ... More

Trinity Capital to invest £11 m in luxury hotels in India
Trinity Capital has announced that it will invest £11.34 million (approximately Rs 100 crore), in a special purpose vehicle, which currently owns one 5-star Indian hotel and has acquired land to develop a further three luxury hotels over the ... More

Petronet may formalise LNG pact with Australia by June
Supply expected by early 2011; no indication on price band More