The Hindu Business Line : Sunday, July 24, 2005

Toyota Kirloskar finalising plans for expansion
TOYOTA Kirloskar Motor, which recently expanded its manufacturing base in Bidadi, Karnataka, is in the process of finalising plans for expansion in the country aimed at setting up a new plant. The Deputy Managing Director of Toyota Kirloskar, ... More

AWARDS & HONOURS

Oberoi Rajvilas gets top marks
THE readers of Travel + Leisure, one of the world's leading travel magazines, have ranked The Oberoi Rajvilas, Jaipur, as the third Best Hotel in the world next only to the Four Seasons Resort, Bali and Singita Private Game Reserve, South ... More

FIXED DEPOSITS

FD OPTIONS
Attractive offer from JK Paper
JK Paper: An investment can be considered in the fixed deposit programmes across tenures. As the paper business is subject to a high degree of cyclically, the longer tenures are risky. But the rates on offer appear attractive. The ... More

MERGERS & ACQUISITIONS

Matrix, Strides call off merger plan — `No agreement on valuation'
MATRIX Laboratories Ltd and Strides Arcolab Ltd have decided to call off their proposed merger, following the failure to reach an agreement on valuation. This rare development in the Indian corporate mergers arena comes after the boards of ... More

NEW PROJECTS

Hindustan Tin Works plans 2-piece can-making unit
HINDUSTAN Tin Works Ltd is setting up a 2-piece can manufacturing plant at Taloja in Maharashtra with a total cost of around Rs 50 crore. The manufacturing process will be based on Drawn Wall Ironed (DWI) and Draw-Re-Draw (DRD) technology. ... More

Carborundum plans greenfield plant in TN
ABRASIVES manufacturer Carborundum Universal proposes to put up a greenfield plant for manufacturing coated abrasives at Sriperumbudur in Tamil Nadu, at an investment of Rs 46 crore, Mr N. Kishore, Vice-President (Abrasives), said on Saturday. ... More

Vizag Steel mulls setting up sponge iron plant in Jharkhand
VIZAG Steel Plant, belonging to Rashtriya Ispat Nigam Ltd (RINL), is contemplating setting up a sponge iron unit in Jharkhand in a joint venture with National Minerals Development Corporation Ltd (NMDC). The proposed sponge iron factory will ... More

ALLIANCES & JOINT VENTURES

ONGC, L.N. Mittal group ink pacts for energy business
THE State-owned Oil and Natural Gas Corporation and Mittal Investments Sarl, one of the investment arms of the L.N. Mittal group, entered into two memoranda of understanding to form two overseas joint ventures companies - ONGC Mittal Energy ... More

Mittal group, Jharkhand may sign pact soon for steel plant
GLOBAL steel major L.N. Mittal Group is expected to soon sign a memorandum of understanding (MoU) with the Jharkhand Government for setting up a 10-million tonne steel plant in that State. "Negotiations are on with the Jharkhand Government. We ... More

PEOPLE

Wilcox to stay with Kingfisher Airlines
ENDING much speculation about his continued role at Kingfisher Airlines Ltd (KFA), the airline has announced that Mr Alex Wilcox will stay on as President and a member of the board of directors and executive committee of Kingfisher ... More

TRENDS

Rising dividends can support valuations
Over the next few years, companies cannot afford to ignore dividends. Investors are looking for higher payouts and need the assurance of a stated dividend policy. More

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