CORPORATE
RESEARCH & DEVELOPMENT
Auto cos to get 150 pc I-T deduction for in-house R&D
AUTOMOBILE manufacturers can now avail themselves of 150 per cent deduction, for income-tax purposes, of the amount spent by them towards scientific research undertaken in in-house research and development (R&D) facilities. The 150 per cent ...
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ANNOUNCEMENTS
Kawas, Gandhar projects — NTPC to invite bids for additional gas supply
NEW tenders for supplying additional natural gas to NTPC's Kawas and Gandhar projects will be called on November 15 and December 1. National Thermal Power Corporation Ltd plans to place an order for supplies by March 31, 2005 for gas supplies ...
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L&T gets FIs' support in defence against raiders
THE financial institutions (FIs) which hold around 38 per cent in L&T have agreed to "act in concert" with the L&T establishment in the event of an outside siege for ownership of the company. "Exchanges of letters of understanding between the
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Schwing Stetter enters Sri Lanka
SCHWING Stetter India has started exporting ready mix concrete equipment to Sri Lanka, and is looking for a business partner there. It hopes to build on the boom in construction business there. According to a press release from the company, it ...
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Sakhalin project: OVL cost over-runs put at $550-850 m
ONGC Videsh Ltd, the overseas investment arm of Oil and Natural Gas Corporation, on Tuesday informed the Government that its $1.77-billion Sakhalin oil and gas project in Russia has suffered a cost overrun between $550 million and $850 million. ...
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OPEN OFFERS
India Newbridge ups stake in Matrix to 26.76 pc
INDIA Newbridge Investments Ltd, along with persons acting in concert, has on Monday acquired further holding of 14.22 per cent in Matrix Laboratories Ltd (MLL), the Hyderabad-based pharmaceutical major, through open offer route, taking its total ...
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CORPORATE DISPUTES
Priyamvada's 1999 will illegal, says Birla counsel Jaitley
RESUMING arguments before Mr Justice Kalyan Jyoti Sengupta of the Calcutta High Court today, opposing the petition of Mr R.S. Lodha seeking discharge of caveats filed by Mr K.K. Birla, Mr G.P. Birla, Mr B.K. Birla and Mr Y. Birla, Mr Arun ...
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INSIGHT
Managerial remuneration, an obsession in the Concept Paper
N. R. Moorthy on the unaddressed issues in corporate remuneration
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COURTS/LEGAL ISSUES
Zee moves SC against BCCI decision
THE row between Zee Telefilms and ESPN-Star Sports on Wednesday took a new turn with Zee moving the Supreme Court challenging the cancellation of the telecast rights awarded to it by the Board of Control for Cricket in India (BCCI) between 2004 ...
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Dalmiya blames it on Zee, ESPN
THE Board of Control for Cricket in India has blamed Zee Telefilms Ltd and ESPN-Star Sports for the ongoing imbroglio over cricket telecast rights. According to Mr Jagmohan Dalmiya, President of BCCI, the television companies placed their ...
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Will fans be able to catch the Australian series on TV?
THE million-dollar question is whether or not the Indian cricket fan will be able to enjoy the on-field action when Australia takes on India during its tour beginning October 6. With Zee Telefilms approaching the Supreme Court challenging the ...
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MERGERS & ACQUISITIONS
Centre to look into share sale by AP Govt
A LETTER from the Union Cabinet Secretariat has informed a group of shareholders of Andhra Pradesh Paper Mills Ltd (APPML) in Kolkata that the matter of sale by the Andhra Pradesh Government of the company's shares, allegedly at a loss to the ...
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Adecco to pick 67 pc stake in Peopleone
IN an all-cash deal, Adecco SA, a global staffing and HR services company, will acquire a 67-per cent stake in Peopleone Consulting Pvt Ltd, according to Mr Jerome Caille, Chief Executive Officer, Adecco SA. With this transaction, which is ...
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Prabha Engineers scouting for acquisitions
PRABHA Engineers Ltd, a Hosur-based SME vendor of Ashok Leyland, is on the lookout for acquisition opportunities, the company's Chief Executive, Mr C. Siva Kumar, told Business Line on Wednesday. Prabha makes Front End Structures (FES) ...
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NEW PROJECTS
Govt row with Suzuki `amicably' resolved — New facility to make only high-end cars
IN sharp contrast to the protracted legal battles with its foreign partner earlier, the Government on Wednesday thrashed out an "amicable settlement" with Suzuki Motor Corporation (SMC) over the issue of fresh investments within a matter of just ...
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HFCL floats new co for developing applications
HFCL has invested close to Rs 25 crore in setting up the company.
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INTERVIEW
`Realignment helped achieve improved margins'
NOTWITHSTANDING the decline in margins and the resultant pressure across the fast moving consumer goods (FMCG) industry, Dabur India Ltd has managed to post a healthy growth last fiscal. What's more, it has continued the trend into the first ...
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SICK UNITS
GoM to meet on Oct 1 to resolve Dabhol issue
THE Empowered Group of Ministers, set up to look into restarting the beleaguered 2,184-MW Dabhol Power Company, would meet on October 1 for resolving all outstanding issues. Speaking to presspersons here on Wednesday, the Union Minister for ...
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OUTLOOK
Grasim aims 5-10% rise in cement exports through higher sales to Gulf
GRASIM Industries Ltd is looking at a 5-10 per cent jump in its cement exports in the current financial year on higher sales to West Asian countries through its UltraTech CemCo division. "We expect exports to pick up further in the second ...
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