The Hindu Business Line : Friday, June 09, 2006

ANNOUNCEMENTS
Mahanagar Gas hikes prices of CNG and PNG
As per the revised list, CNG will now cost Rs 22.06 per kg in Mumbai (increase of Rs 1.16). PNG will now cost Rs 12.52 per kg in Mumbai (increase of Rs 0.70). More

Reliance hikes petrol, diesel prices
Reliance Industries has increased its retail prices of petrol and diesel by Rs 4 and Rs 2 per litre respectively, exactly the same amounts by which prices of these products were hiked for the public sector oil companies two days ago. RIL's ... More

Peninsula Land board okays raising capital
The board of directors of Peninsula Land Ltd, part of the Ashok Piramal Group, approved raising of capital by way of issue of up to 60 lakhs fresh equity shares. Raising of these additional funds could be achieved through a ... More

Taylor Devices in India

PREFERENTIAL ALLOTMENTS
Khaitan Elec EGM okays pref offer
The shareholders of Khaitan Electricals Ltd (KEL), at the extraordinary general meeting (EGM) held on Monday, unanimously approved issue of equity shares on preferential offer basis. The company informed the stock exchanges ... More

OVERSEAS BORROWINGS
RBI releases data on ECB and FCCB
The Reserve Bank of India has released data on External Commercial Borrowings (ECB) and Foreign Currency Convertible Bonds (FCCB) — both automatic and approval route — for March 2006. Reliance Communication Ventures has borrowed ... More

RESTRUCTURING
EIH shareholders vote on business recast
Results of the ballot likely by Saturday More

MERGERS & ACQUISITIONS
P&G to acquire Gillette India on June 10
Gillette India changes hands in out-of-market deal More

Kuoni India acquires travel firm Distant Frontiers
Kuoni Travel Group India has acquired Distant Frontiers (DF), a Delhi-based destination management company for an undisclosed amount. According to the company, it would take three to four months to complete the integration process of DF (which ... More

NEW PROJECTS
R.P. Info plans Meghalaya unit
Plans investments worth Rs 70 cr More

ALLIANCES & JOINT VENTURES
L&T forms jt venture with Malaysian co SapuraCrest
To build $100-m derrick-cum-pipe-laying barge More

Aavantika Gas incorporated
Aavantika Gas Ltd (AGL) — a joint venture of GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd — has been incorporated to implement city gas projects for supply of piped natural gas (PNG) to domestic, ... More

EXPORTS & IMPORTS
Ashok Leyland plans to raise Rs 700 crore for capex
Seeks to hike FIIs limit to 40 pc More

OUTLOOK
South Eastern Coalfields identifies items to be sourced from local units
New ancillary industries development programme More

Bongaigaon, NRL to gain from excise sops
The 50-per-cent excise benefit for North Eastern States will come to the aid of Numaligarh Refinery Ltd (NRL) and Bongaigaon Refinery and Petrochemicals Ltd (BRPL) to offset the negative impact of additional discount on refining margins due to ... More

Jabil Circuit to invest $100m in India
To hire 10,000 employees in 5 years More

DaimlerChrysler chief bets big on India
"India is an important market for us," said Dr Dieter Zetsche, Chairman, DaimlerChrysler AG and Head of the Mercedes Car Group, during a visit to the company's plant at Chikali in Pune on Thursday. He was accompanied by Dr Ruediger Grube, a board ... More

Scoreboard
SE Diary