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Friday, February 03, 2006
Markets (Feb 02)
BSE Sensex9843.87 (-15.39)
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Lanco bags 3 hydel projects in Uttaranchal
HYDERABAD: Lanco Green Power has bagged three hydropower projects in Uttaranchal, aggregating 53.4 MW, thereby, making inroads into the hydel power generation potential in the State. These projects are Rambara (24 MW), Gourikund (18.60 ... More

OPEN OFFERS


FCI OEN open offer to begin on February 15
AN open offer to the shareholders of FCI OEN Connectors will begin on February 15 after Bain Capital, a global private investment firm, acquired the Kochi-based electronic connector maker's parent company in a global deal. The open offer for 20 ... More

COMPANY LAW


Ministry favours 1/3 board representation for independent directors
THE Ministry of Company Affairs is in favour of adopting the J.J. Irani Committee recommendation of one-third representation for independent directors on boards of listed companies under the proposed new company law. The Union Minister for ... More

MERGERS & ACQUISITIONS


Arcelor bid: Mittal Steel not perturbed by possible counter-offer
MITTAL Steel does not seem to be perturbed by the possibility of a counter-offer against its bid for Arcelor. According to sources close to the company, the offer to the shareholders of Arcelor has been priced in such a manner that "it remains ... More

IOC shareholders okay lube manufacturing arm merger
Indian Oil Corporation has informed the Bombay Stock Exchange that it has received shareholders' nod for merging Indian Oil Blending Ltd (IOBL) with itself. IOBL, which employs 432 people, was incorporated in 1963 and is a wholly owned subsidiary ... More

NEW PROJECTS


Kia Motors likely to set up plant in India
  • Kia Motors' plan is to make its India plant a manufacturing hub, which will include exports too.
  • Hyundai and Kia will continue to have distinct brand identities in the country, even after Kia launches its products here. More

    Riddhi Siddhi completes capacity expansion — Bags Rs 6-cr order from Heinz
    RIDDHI Siddhi Gluco Biols Ltd, starch and starch derivatives major, has completed the Rs 30-crore expansion that has raised its overall maize crushing capacity by 73 per cent to 2,85,000 tonnes a year. The company said in a statement here on ... More

    ALLIANCES & JOINT VENTURES


    Tata Cummins to begin manufacturing ISB engine — Cummins, Tata Motors sign pact
    CUMMINS Inc and Tata Motors have signed an agreement that will allow their joint venture — Tata Cummins Ltd (TCL) — to begin manufacturing the ISB engine. Under the agreement, TCL will increase its total engine production to ... More

    Radisson Hotels ties up with Sahil Spa & Resorts
    RADISSON Hotels and Resorts has tied up with Sahil Spa and Resorts for marketing and managing a spa property in Alibaug, Maharashtra. The Radisson Resort & Spa, Alibaug, that is expected to open by the year-end, will include a health club with .. More

    Dr Reddy's ties up with UK's Argenta Discovery
    DR Reddy's Laboratories Ltd has announced that it has entered into an agreement with the UK-based privately held drug discovery and development company - Argenta Discovery Ltd - for the joint development and commercialisation of a novel ... More

    DLF sets up joint venture co with Laing O'Rourke
    REAL estate company DLF Universal and UK-based $5 billion infrastructure major Laing O'Rourke have entered into a joint venture to form DLF Laing O'Rourke with an initial investment of about Rs 500 crore. "The joint venture will help DLF become ... More

    IPOS


    BPCL mulls early IPO to part-finance Bina refinery
    BPCL is now working hard for the financial closure of Bina Refinery - taken up through its subsidiary Bharat Oman Refineries Ltd (BORL) - so that it can be wrapped up by March 31, 2005. The company is also considering an early IPO to ... More

    VENTURE CAPITAL


    Uma Precision gets $1.6 m from H&M Global
    H&M Global Selection, a Japanese fund based in Singapore, has invested $1.6 million in Uma Precision, a precision engineering solution provider. The Uma Precision Managing Director and Chief Executive Officer, Mr Rajendra Kankaria, told ... More

    DIVERSIFICATION


    Pudumjee to launch personal hygiene products under Greenlime brand
    PUDUMJEE Hygiene Products Ltd (PHPL), part of the Rs 400-crore Pudumjee group with major interests in speciality paper manufacture, is all set to foray into the personal hygiene products business with the Greenlime brand. The company has ... More

    OUTLOOK


    Tata Motors sees big market for pick-ups
    THE domestic commercial vehicles (CV) industry is expected to clock 10-11 per cent growth in the current fiscal. Increased sales of light commercial vehicles (LCV) would be a major contributor to this growth, according to Mr Prem K. Verma, Head ... More

    PERFORMANCE


    Tata Motors vehicle sales up 19.6% in Jan
    TATA Motors on Thursday reported a growth of 19.6 per cent in total vehicles sales (including export) for January to 46,635 units from the corresponding year-ago period of 39,000 units. Domestic sale of commercial vehicles was up 25.3 per cent ... More

    TVS Motor records 25 pc growth in motorcycles sales
    TVS Motor Company has reported a growth of 25 per cent in the number of motorcycles sold during January over the corresponding period in the previous year. The company sold 69,278 units in January compared with 55,639 units in the same month of ... More

    Aditya Birla group's cement output up
    MUMBAI: The Aditya Birla group's cement production for January 2006 grew by 10.30 per cent at 27 lakh tonnes, while despatches rose by 12.81 per cent at 27.35 lakh tonnes. For the April-January 2006 period, cement production was up by 7.84 ... More


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  • Top Stories
    Oil Ministry hopes to get contracted 5 mt LNG from Iran — But talks for additional 2.5 mt may be tough


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    Crisil, ICRA to offer IPO grading services — Fitch to `wait and watch'

    Over 45 pc dip in Nov-Jan vegoil imports

    Tata Cummins to begin manufacturing ISB engine — Cummins, Tata Motors sign pact

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    In Focus

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    In Depth

    Gender Justice
    Simple Economics
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    Looking back
    Jan. 22-Jan. 28
    RIL's new SEZ refinery may have to `export' into India

    Plans afoot to upgrade National Foundation for Corporate Governance

    Teva-Ivax merger likely to create shifts in pharma sector

    When `red tape' helped Chemplast shareholders

    Toyota workers call off strike; want co not to insist on conduct note

    ONGC may get higher prices for C2/C3-rich gas supplies to IPCL

    Novartis loses patent claim on cancer drug — Patents Controller upholds Natco contention

    ONGC-Reliance PMT venture wants MRPL, instead of IOC, to lift oil


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