Business Daily from THE HINDU group of publications
Wednesday, July 12, 2006
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CORPORATE

MODERNISATION
Ponni Sugars plans to modernise unit
Ponni Sugars (Erode) Ltd, which is awaiting formal clearance for a new composite sugar mill, plans to modernise its existing sugar mill at Erode. According to Mr N. Ramanathan, Director (Finance), the modernisation will increase ... More

RESEARCH & DEVELOPMENT
Invinex to restart operations in Aug
Invinex Laboratories Ltd, which has stopped its manufacturing operation since April this year, expects to commence commercial production tentatively by August 10 after successful trials. The company has informed the stock exchanges that it is ... More

ACCOUNTING STANDARDS
ICAI proposes to come up with newer accounting standards
The institute feels the need to support the cause of small and medium enterprises, many of which have gained great significance in recent years. Independent directors must play key role, says chief More

CORPORATE DISPUTES
Confusion on eve of Century Textiles AGM
Ownership claim over land which houses mill by Wadias crops up More

DIVIDEND ANNOUNCEMENT
Tinplate declares 12.5% dividend
Share capital increased to Rs 326.50 crore More

RESTRUCTURING
Matsushita gets nod to float wholly-owned arm
New company aimed at consolidating Indian operations More

MERGERS & ACQUISITIONS
IDFC may pick up stake in L&T's road project SPV
The Infrastructure Development Finance Company (IDFC) may acquire 26 per cent stake in a special purpose vehicle (SPV) set up by Larsen and Toubro (L&T) for its Rs 1,250-crore highway-widening project on the Vadodara-Bharuch section. The project More

NEW PROJECTS
GAIL in talks with Yemen Govt for LNG
For sourcing of gas for Dabhol, LNG project More

Honda Siel Cars to decide on new plant location within a year
Honda Siel Cars India Ltd has started scouting for sites for another manufacturing plant, a decision on which is expected in a year, according to senior company officials. It is looking for a location in Tamil Nadu, Andhra Pradesh, Karnataka, ... More

Puts Ace on top gear
Tata Motors is pressing on the gas pedal to take its successful one-tonne mini truck, the Ace, ahead in the race even as competitors including Mahindra & Mahindra, Piaggio India, Ashok Leyland and Force Motors are gearing up to foray into the ... More

IVRCL bags Rs 290-cr orders
IVRCL Infrastructures and Projects Ltd has announced that it has bagged orders of the value of Rs 290.29 crore. In a press release here on Tuesday, the company said this includes the Rs 184.86-crore order awarded by the ... More

ALLIANCES & JOINT VENTURES
Tata Power signs pact with Siemens arm
To take part in tariff based bidding process More

Panacea, Indonesian firm tie up for measles vaccine
Panacea Biotec Ltd on Tuesday signed an agreement with PT Bio Pharma, a State-owned Indonesian enterprise, to manufacture and market the measles vaccine. According to the agreement, Panacea Biotec will procure bulk vaccine from PT Bio Pharma ... More

OUTLOOK
RNRL may end up paying more for gas from RIL
`Sale price proposed by RIL would lead to loss to Govt' More

Tata Motors in talks with GE for small car parts
Reiterates plans for Rs 10,000-cr capital expenditure More

PEOPLE
Vestas RRB MD bags Italian award
The Managing Director of wind energy company Vestas RRB, Mr Rajiv Bakshi, has received Italian award `Order of the Star of Italian Solidarity'. The award was conferred on him by Hon. Gianni Vernetti, Under Secretary of State for ... More

Bristlecone appoints new CEO
San Jose-headquartered Bristlecone, an enterprise technology consulting firm, has appointed Mr Ashok Santhanam as its President and CEO. Mr Santhanam takes over the mantle from Mr Padman Ramankutty, a co-founder of the original ... More






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