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Sunday, May 08, 2005

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ANNOUNCEMENTS


Hotel Leelaventure may acquire property in South
HOTEL Leelaventure Ltd, which has recently announced plans for the development of hotels in Chennai, Hyderabad and Udaipur, is likely to acquire a five-star deluxe property in the South shortly. According to an official source, the deal is ... More

HMT deal with ONGC, MRPL
BANGALORE: HMT has struck a deal with MRPL and ONGC, to earn revenue out of its vast surplus land across the country. Under a memorandum of understanding (MoU) signed by HMT with ONGC, the oil and gas companies would utilise the land ... More

ACCOUNTING STANDARDS


Sarbanes-Oxley legislation: US panel looking at easing cost of compliance
COMPLIANCE to the US Sarbanes-Oxley legislation may turn out to be "less onerous" in the coming days for small businesses that have or plan to raise capital from the US. "The Small Business Advisory Committee of the US Securities and Exchange ... More

CORPORATE DISPUTES


SEBI looking into letters sent by Anil Ambani
THE Securities and Exchange Board of India (SEBI) on Saturday said it had received several letters from Reliance Industries' Vice-Chairman and Managing Director, Mr Anil Ambani, and would look into all the issues in the "broader interest of ... More

AWARDS & HONOURS


Infosys, Wipro among top 5 most valuable outsourcing cos
INFOSYS Technologies and Wipro have ranked fourth and fifth in a report on `The most valuable outsourcing companies' compiled by Global Outsourcing publication. "The ranking of 12 most valuable companies published in April 2005 issue of ... More

CORPORATE BONDS


Ford India, GMAC on Crisil rating watch
CRISIL on Saturday placed its outstanding ratings on the debt programmes of Ford India Ltd and GMAC Financial Services India Ltd on a rating watch with developing implications. The decision follows the revision of ratings of their parent ... More

FIXED DEPOSITS


FD options
KCP Sugar and Industries: Investors willing to assume a degree of risk can consider subscribing to the two-year fixed deposit programme from KCP Sugar and Industries Corporation. Longer tenures can be avoided in the light of the fluid ... More

MERGERS & ACQUISITIONS


Basell Polyolefins acquisition by TCG
Window of opportunity for Haldia Petrochem

AMERICA'S Iran policy may be a stumbling block to progress of the Iran-India gas pipeline project but it has proved to be a catalyst for the largest corporate acquisition ever by an entity with an Indian connection. ... More

NEW PROJECTS


Volkswagen decides on Vizag: AP Minister
The company would send a team to Andhra Pradesh in the next few weeks to study and put forth a proposal before the board for its approval More

DIVERSIFICATION


Vishal Exports to invest Rs 450 cr in wind farm project in S. India
VISHAL Exports Overseas Ltd, an Ahmedabad-based trading firm, plans to invest Rs 450 crore in setting up an 82.5-MW wind farm project in South India. The company operates 19 wind turbines in Tamil Nadu and 10 in Rajasthan. Vishal Exports, ... More

OUTLOOK


Tata Motors serves an Ace in 3-wheeler space
Tata officials believe that 3-wheelers might remain attractive for their manoeuvrability, but the company's entry with a 4-wheeler should expand the segment and convert some 3-wheeler buyers to owning the Ace. More

ONGC urges for subsidy fund to reduce burden
OIL and Natural Gas Corporation Ltd has pressed upon the Government that the subsidy burden on the state-owned company should not be based on its profit. Instead, it has suggested that a different mechanism could be worked out for sharing the ... More


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Top Stories
Tata Motors serves an Ace in 3-wheeler space


Infosys, Wipro among top 5 most valuable outsourcing cos

Forex reserves fall $648 m on euro revaluation

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
May. 1-May. 7
Murugappa group plans to invest Rs 650 cr in capacity expansion

Tata Motors sub-one tonne CV Cub to roll out on Friday

Leyland to float company to trade in used trucks

TAFE emerges second in tractor sales

Lupin ties up with Cornerstone for anti-infective

Tata unveils mini truck

CAG finds fault with surplus land sale of NTC unit


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