Financial Daily from THE HINDU group of publications
Thursday, June 09, 2005
Markets (July 26)
BL 2502331.81 (+6.53)
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ANNOUNCEMENTS


Reliance Ind to supply gas to REL's Dadri power project
RELIANCE Energy Ltd's 3,740-MW gas-based power project at Dadri in Uttar Pradesh got a shot in the arm with Reliance Industries Ltd (RIL) agreeing to supply gas for the project. Mr Anil Ambani, REL Chairman and Managing Director, told ... More

Hyundai launches cheaper Santro Xing variants
HYUNDAI today announced the launch of new variants of the Santro Xing, which are priced up to Rs 19,000 cheaper than the earlier models. The new variants include a non-air conditioner variant Santro Xing XK, which is priced at Rs ... More

IVRCL bags Rs 263-cr order
HYDERABAD: IVRCL Infrastructures & Projects Ltd has announced that it has been awarded with a project worth Rs 263 crore. The project relates to construction, operation and maintenance, including strengthening and widening of the ... More

NCCL bags Rs 200-cr orders
HYDERABAD: NAGARJUNA Construction Company Ltd (NCCL) has announced that it has secured three new orders, aggregating Rs 200 crore, from various clients. The company has informed the stock exchanges that the orders are from the Gujarat ... More

New allergy pill from Panacea
NEW DELHI: Panacea Biotec has launched a new anti-allergy drug, Ralif (rupatadine 10 mg) for conditions such as seasonal and perennial allergic rhinitis. Ralif, an oral, non-sedating drug, provides relief by inhibiting histamine and platelet ... More

OPEN OFFERS


Khaitans make open offer for Williamson Tea Assam
AFTER acquiring 70 per cent stake in Williamson Tea Assam Ltd at Rs 170 per share from the London-based Magors on Monday, the Khaitans have announced subsequent acquisition of 20 per cent stake in that company through an open offer. The offer ... More

AWARDS & HONOURS


Orient Cement bags award
HYDERABAD: Orient Cement, a division of Orient Paper & Industries Ltd has been awarded the `Cleaner Production Award' by the Andhra Pradesh Pollution Control board on the occasion of the World Environment Day. The C.K. Birla Group is the ... More

MERGERS & ACQUISITIONS


UB pares acquisition of Chhabrias' stake to 50 pc in SWC deal
THE UB Group has decided to pare its acquisition of the Manu Chhabria family's stake in Shaw Wallace & Co Ltd (SWC) to 50 per cent in a bid to comply with new SEBI guidelines on promoter holding. The Chhabria family will offload its remaining .. More

EMTA Group takes over Bengal Paper Mills
THE EMTA Group of Kolkata has taken over the assets and properties of the Raniganj-based Bengal Paper Mills Co Ltd, as per the Calcutta High Court order. The deal cost the group Rs 25 crore. The Rs 350-crore turnover EMTA Group is engaged in the ... More

TRADE & LABOUR UNIONS


Toyota talks tough on taking back staff
TOYOTA Kirloskar continues to maintain a tough stand on the issue of taking back some of its suspended employees even as the Karnataka Government has assured the auto maker that it will support efforts to resolve the issue. "We will stick to ... More

ALLIANCES & JOINT VENTURES


Swaraj Mazda may induct Isuzu as tech partner
LIGHT commercial vehicles manufacturer Swaraj Mazda Ltd (SML) seems all set to induct a new technical partner in order to expand its range of commercial vehicles. Industry sources pointed out that the technical partner is most likely to be ... More

SOCIETY & DEVELOPMENT


Corporates to be allowed use of wastelands
CORPORATES would soon be permitted to acquire wastelands in Andhra Pradesh for community welfare purposes. The legal and financial aspects are being examined in allowing the corporate sector, under a new draft policy of the State Government, ... More

OUTLOOK


Sona Group on an expansion spree
THE Rs 660-crore Sona Group has charted out aggressive growth plans for two of its key group companies — Sona Okegawa and Mahindra Sona — and invest upwards of Rs 80 crore in the two firms over the next couple of years. The auto ... More

SPEL semiconductors to expand operations
SPEL Semiconductor Ltd, an associate of SPIC Ltd., hopes to expand operations after its turnaround last year. According to Vice-Chairman, Mr Ar Rm Arun, the integrated circuit assembling and testing company has paid off its debts and is ... More

PERFORMANCE


Tata Motors' truck sales down
TATA Motors today reported a continued decline in domestic truck sales, but a 2.74 per cent increase in total vehicles sold for May 2005 to 30,589 units (29,774 units in May last year). The company sold 15,387 commercial vehicles overall, but ... More
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