Business Daily from THE HINDU group of publications
Wednesday, December 20, 2006
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CORPORATE

PRIVATE PLACEMENT
AIA Engg raises Rs 125 cr thru QIP
AIA Engineering Ltd, a manufacturer of high chrome mill internals, has raised Rs 125 crore through qualified institutional placements to qualified institutional buyers. The offer was priced at Rs 1,225 at a discount of 3.27 per cent to the ... More

NEW BUSINESS
Midhani bags contract from Polish co for titanium alloy
Export commitment to be fulfilled in two instalments More

RESTRUCTURING
Amrit Banaspati in restructuring mode
To hive off edible oil, paper units More

Great Offshore may be listed by Dec 27
No non-compete clause with GE Shipping More

NEW PROJECTS
Essar dispatches first cargo to British Gas
Joins hands with RIL for product, infrastructure sharing More

Bharat Oman plans Rs 1,000-cr public offer
To raise funds for Bina Refinery; BPCL to offload 25 pc stake More

Tata Power to tie up funds for Mundra project by Aug
Tata Power Company (TPC) on Tuesday said it expects to tie-up funds for the 4,000 MW Mundra Ultra Power project by August 2007. The project entails an estimated cost of about Rs 20,000 crore. "We hope to achieve financial closure by August," ... More

OVERSEAS INVESTMENTS
O&M ties up with Marka for Bangladesh foray
Ogilvy & Mather Worldwide and Marka have signed an agreement to establish a full-service brand communications and advertising agency in Bangladesh. O&M will own majority stake in the new agency, which will operate under the name Ogilvy & More

TRADE & LABOUR UNIONS
Union urges Vizag Steel to promote ancillary units
The union urged the Steel Secretary to prevent the entry of private sector in the expansion works of the steel plant. More

SICK UNITS
Kerala moves to revive Keltron
Separate packages for holding company, subsidiaries More

OUTLOOK
`SAIL, Ministry to forego part of Chiria mines'
Left MP alleges move will help Mittal Steel More

Petronet in talks with Shell to use Hazira facilities
PLL's two vessels need to go for dry docking More

GSPC group in talks for natural gas
The GSPC group is negotiating with ONGC operated Panna-Mukta-Tapti joint venture for securing more gas on short-term contract. The group, which apart from E&P activity maintains vast network of gas grid through its subsidiary Gujarat State ... More

Zapak to set up gaming café chain
Zapak Digital Entertainment Ltd, the online gaming company from Reliance Anil Dhirubhai Ambani Group, will invest $100 million (Rs 447.6 crore) over three years to cash in on the gaming boom in the country. The investment will be made to not ... More

PEOPLE
New chief for HMT tractor biz
Mr Prakash Sharan has taken over as the new Executive Director of HMT's tractor business. He was previously General Manager (Production) of the Tractor division at Pinjore. According to an official release, Mr Sharan held ... More






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