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Saturday, January 09, 2010
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NEW PROJECTS: Karnataka to give farmers say in fixing land price for steel project
The Karnataka Government will take the "consent value" based on consensus between farmers and the Government for arriving at the price for acquiring land for ArcelorMittal's Rs 30,000-crore steel project in ...

OUTLOOK: Delphi hopes to double India revenue by 2015
Delphi Automotive Systems is looking to double its revenues from India by 2015, by which time the Asia-Pacific region is expected to account for 30 per cent of its ...

OUTLOOK: VW set to bring Polo Cup to India
Motorsports in India is set to get a boost with the Volkswagen Polo Cup being flagged off ...

NEW PROJECTS: Surya Vijayanagar plans steel plant in Karnataka
Surya Vijayanagar Steels and Power Ltd, a subsidiary of Surya Roshni, plans to invest Rs 20,000 crore to establish a five million tonnes per annum (mtpa) integrated steel plant, along with a 500 MW captive power plant in Bagalkot district ...

ANNOUNCEMENTS: RIL demands probe, criminal case against TV channel
Reliance Industries Ltd (RIL) has demanded that the Central and State governments should immediately initiate investigation into the attacks on its outlets and establishments in Andhra Pradesh ...

NEW BUSINESS: McNally Bharat arm bags Rs 34.9-cr order from Orissa Mining
Humboldt Wedag Minerals India (HWMI), a subsidiary of McNally Bharat Engineering (MBE), has bagged a Rs 34.9-crore order from the Orissa ...

NEW PROJECTS: Tata Steel arm opens forgings unit
Tayo Rolls, the cast iron and steel rolling subsidiary of Tata Steel, has inaugurated an integrated facility for manufacturing forged rolls and engineering forgings, used by various sectors including oil and gas, power, wind mill, sugar, ...

ANNOUNCEMENTS: Visaka starts V-panel production
Visaka Industries Ltd on Friday announced the starting of commercial production of its V-panel manufacturing unit. The unit, which was set up with technical collaboration from Dantotech of Australia, has an annual production capacity of ...

OUTLOOK: Rayves' seating fabric for Tata car
Rayves, Raymond Ltd's joint venture with Treves S.A. of France, will make printed seating fabric for Tata Motors' five-seater Magic Iris. “This initiative will help us establish our presence prominently in the automotive seat ...

NEW BUSINESS: Sunil Hi Tech bags Rs 487-cr order
Sunil Hi Tech Engineers Ltd has been awarded a Rs 487-crore Balance of Plant (BOP) contract by Maharashtra State Power Generation Co Ltd, a statement from the company said. The BOP is for the addition of 250 MW capacity at the Parli thermal ...

PEOPLE: Vimal Kaushik appointed MD of Maytas Infra
Maytas Infra Ltd, at its board meeting today, approved the appointment of Mr Vimal Kaushik as the Managing Director and Chief Executive Officer of the company with ...

CORPORATE BONDS: Infrastructure bonds for NRIs proposed
The Road Transport and Highways Minister, Mr Kamal Nath, today pitched for infrastructure bonds in different currencies, specially suited to NRIs, for raising resources for building roads ...

NEW PROJECTS: Dhathri plans Rs 100-crore expansion
Making an entry into the health and wellness segment, Dhathri Ayurveda will invest Rs 100 crore to set up 100 ayurveda, beauty and slimming (ABS) clinics in the next three years. Currently, the company has three ABS clinics at Kochi, Kottayam ...

ALLIANCES & JOINT VENTURES: KeraSoft, Chaithanya in tie-up
KeraSoft Eyecare, a contact lens company has signed a memorandum of understanding with Chaithanya Eye Hospital and Research Institute to launch a specialised clinic for the treatment of Keratoconus, a disorder of the cornea that causes ...

OVERSEAS INVESTMENTS: Indismart expands abroad
Indismart, a local firm running hotel management institutes under IIHM and IAM brands, has signed MoUs to set up similar institutes in Bangkok and Bhutan, according to a company release. Negotiations are on with various resorts and hotels ...

Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna

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Markets (Jan 8)
Nifty (at close)5,244.75(-18.35)
US Dollar (Buy/Sell)45.76/77
Brent crude (a bbl) Rs3,713
Gold (a gram) Rs1,565
Silver (a kg) Rs28,690

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