The Hindu Business Line : Sunday, July 10, 2005

Xerox launches Laser Printer
NEW DELHI: Xerox India Ltd on Saturday announced the launch of Phaser 3116, a monochrome laser printer targeted at small businesses and personal users. "With a speed of 14 ppm and low operational cost, the Xerox Phaser 3116 is an ideal ... More

Bengal Tools to launch range of farm equipment
BENGAL Tools Ltd, a Shrachi Group company, plans to introduce a range of agriculture equipment such as transplanters and threshers under the Shrachi brand. Mr Ravi Todi, Managing Director, Shrachi Group, told Business Line that the ... More

Welspun opens 35 stores in 17 cities
The company has opened 35 stores across 17 cities for retailing its brands of bed sheets, bed covers, quilts, towels and accessories, a company release said. The company has set up Welspun Factory Outlets, SPACE Home and Beyond stores. Tommy ... More

CORPORATE DISPUTES

RIL annual report silent on settlement issue
THE annual report of Reliance Industries Ltd (RIL) for 2004-05 is notably silent on the ownership settlement issue. In his letter to the RIL shareholders, Mr Mukesh Ambani, Chairman and Managing Director, makes only a fleeting reference to the ... More

OVERSEAS BORROWINGS

Zicom to raise $12 m thro' GDRs
MUMBAI: Zicom Electronic Security plans to raise $12 million through convertible bonds or global depository receipts to fund its expansion plans. The company plans to issue in one or more lots on a preferential basis, up to four lakh warrants ... More

ACCOUNTANCY

`Relax norms for CAs before FDI'
THE Centre should relax some of the norms governing chartered accountants before it allows foreign direct investment in the accounting sector, said a senior office bearer of the Institute of Chartered Accountants of India (ICAI). The 26 per ... More

MERGERS & ACQUISITIONS

`Synergy in energy' panel may offer 2-3 options for oil PSUs' merger
THE Krishnamurthy Committee on synergy in energy, which is expected to submit its report on Monday to the Petroleum Minister, Mr Mani Shankar Aiyar, is likely to propose two or three options for the merger of oil public sector undertakings, ... More

NEW PROJECTS

IBS Software acquires land in Technopark
IBS Software Services, a leading player in the travel, transport and logistics sectors, has signed an agreement with Technopark authorities here to acquire five acres of prime land in the campus. Announcing the acquisition, Mr V.K. Mathews, ... More

ALLIANCES & JOINT VENTURES

Srinivasa Shipping, KB Mall tie-up
CHENNAI: Srinivasa Shipping and Property Development Ltd has entered into an agreement with KB Mall Management Pvt Ltd, Mumbai, a Pantaloons Group company to construct a 1.27 lakh sq ft, mall called Chennai Central Mall. Mr Prakash ... More

OUTLOOK

ONGC plans to invest Rs 10,000 cr in Mumbai High redevelopment
EVEN as the redevelopment project in Mumbai High is on, ONGC has started planning for Rs 10,000 crore investments in the country's biggest oilfield between 2007 and 2012. The aim is to extend the life of the reservoir and improve recovery ... More

Godrej Consumer to look at organic, inorganic growth
GODREJ Consumer Products Ltd (GCPL) will look at organic and inorganic growth opportunities to deploy its cash. The fast moving consumer goods company is expected to outperform the sector during the current fiscal too, Mr Adi Godrej, Chairman ... More

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