The Hindu Business Line : Monday, September 26, 2005

Madras Management Association bags AIMA award
THE All India Management Association (AIMA) in a statement has said that its award committee has chosen the Madras Management Association as the winner, followed by the Ahmedabad Management Association, for their performances. The Kerala ... More

Award for Bhilai Steel Plant
KOLKATA: Steel Authority of India Ltd's Bhilai Steel Plant has been adjudged the best performing steel plant in the country for 2003-04. According to a press release issued by SAIL, the award carries a cash component of Rs 1 crore and ... More

NEW PROJECTS

Gangotri Textiles draws up Rs 350-crore investment plan
GANGOTRI Textiles Ltd has drawn up an investment plan of about Rs 350 crore for establishing an integrated weaving, processing and garmenting facility to be implemented over two years. The project outlay also includes establishment of windmills ... More

Amphenol opens Bangalore facility
THE US connector major Amphenol has announced the opening of its second manufacturing facility in the country. The Bangalore unit will manufacture cable harness and high-end connectors for defence, space and technology industries. The company ... More

D1 Oils' Chennai refinery to go on stream next year
THE UK-based D1 Oils Plc is planning to commission its first refinery in Chennai early next year. Disclosing this at a press conference, the company's CEO (Global Operations), Mr Philip Wood, said the plant has been intended for production of ... More

Volkswagen to send team to AP for talks
THE German automotive major Volkswagen AG is set to send a team to Andhra Pradesh to hold discussions relating to its proposed car plant in India. This follows a communication from the German company to the State Government late on Friday. ... More

V-Guard group to open amusement park in Bangalore
THE V-Guard Group is set to open its second amusement park - Wonder La - in Bangalore on September 30. With an estimated project cost of Rs7 7 crore in the first phase, the park incorporates the latest technologies in amusement parks. It ... More

REGULATORY BODIES & RULINGS

Cos that skipped exit scheme to receive default notices
COMMITTED to taking appropriate measures to get rid of defunct companies in a time-bound manner, the Ministry of Company Affairs (MCA) has asked its officers to issue default notices to all such firms that have not made use of the Simplified ... More

ALLIANCES & JOINT VENTURES

ONGC inks pact with NLC for underground coal gasification
ONGC has signed an MoU with Neyveli Lignite Corporation Ltd (NLC) for initiating one of the underground coal gasification (UCG) pilots in shallower lignite. According to an ONGC release, the company is progressing on fast track to tap ... More

DIVERSIFICATION

MBD group plans foray into realty
THE Rs 150-crore MBD group, a Delhi-based publishing house, plans to enter real estate with the construction and management of a Rs 100-crore project in Ludhiana-MBD Neopolis. The project would have a shopping mall, a multiplex, and a five-star ... More

BONUS ANNOUNCEMENTS

Gangotri Textiles: Shareholders okay bonus, stock split
SHAREHOLDERS of Gangotri Textiles Ltd have approved the move to award a 1:1 bonus issue and also go for a 2:1 stock split (two shares of face value of Rs 5 for every share of face value of Rs 10). The latter move is to provide greater ... More

OUTLOOK