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Tuesday, August 01, 2006
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ANNOUNCEMENTS
Hero Honda raises prices
Two wheeler maker Hero Honda on Monday announced a marginal increase in prices of their motorcycles ranging from Rs 500 to Rs 2,000. According to the company, this decision was taken to compensate for the increased inflationary costs in raw ... More

CORPORATE DISPUTES
Will disputes settled, says Ranbaxy family
Manjit Singh not party to settlement More

Calcutta HC issues summons to B.K. Birla
The Calcutta High Court has issued summons to Mr B.K. Birla, the octogenarian industrialist, last Friday in the matter of a defamation suit filed by Mr Rajendra Singh Lodha, Chairman of Birla Corporation Ltd. In the defamation suit, filed in ... More

FINANCIAL PERFORMANCE
IGL Q1 net up 37 pc
Indraprastha Gas Ltd (IGL), the sole supplier of compressed natural gas and piped natural gas in Delhi, registered an overall growth of 37 per cent in profit after tax for the first quarter of the current fiscal. According to a statement ... More

RESTRUCTURING
Man Ind okays plan to de-merge aluminium divn
The Board of Directors of Man Industries (India) Ltd, which met on Monday, approved a proposal to de-merge its aluminium division, describing it as a move to enhance shareholders value. The proposed scheme of de-merger envisages a share ... More

MERGERS & ACQUISITIONS
Orchid to take over Bexel Pharma
Orchid Chemicals and Pharmaceuticals on Monday announced that it would raise its stake in Bexel Pharmaceuticals from 74 per cent to 100 per cent. The Orchid Managing Director, Mr K. Raghavendra Rao, told Business Line today that there ... More

Genpact to acquire US co MoneyLine
Genpact announced on Monday its plans to acquire US-based MoneyLine Lending Services, a specialised provider of end-to-end mortgage origination and fulfilment services. Founders Mr Evan Gentry, President and CEO, Mr Taylor Woods, Executive ... More

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NEW PROJECTS
UB Group plans winery, grain spirit units in AP
Rs 20-25 cr to be invested on the winery More

Confident Group plns to invest Rs 60 cr in Kerala
To build residential apartments, villas and resorts More

OVERSEAS INVESTMENTS
Apollo to seek advice on `Lankan situation'
Apollo Hospitals Enterprise Ltd has appointed an investment banker to advise the company on the situation unfolding in its Sri Lankan joint venture, Lanka Hospitals Corporation, where the Sri Lankan partner appears to be preparing to bid for a ... More

Sundram Fasteners Q1 net flat at Rs 18 cr
Rupee depreciation casts Rs 10-cr burden on company More

REGULATORY BODIES & RULINGS
Aurobindo's combination drug gets US FDA nod
Aurobindo Pharma Ltd has received the tentative new drug application (NDA) approval for fixed drug combination product containing lamivudine 150 mg + 2idovudine 300 mg tablets co-packaged with abacavir 300 mg tablets (NDA) used in the treatment ... More

SOCIETY & DEVELOPMENT
`Corporate sector is conscious of need for inclusive growth'
The corporate sector is conscious that growth has to be inclusive and beneficial to all sections of society, according to Mr R. Seshasayee, CII President and Managing Director, Ashok Leyland. He told newspersons that CII, while facilitating ... More

BONUS ANNOUNCEMENTS
AVT Natural approves 1:1 bonus
The board of directors of AVT Natural Products Ltd has approved the issue of bonus shares in the ratio of one equity share for every share held (1:1) by shareholders as on the record date to be fixed after approval at the annual general ... More

PERFORMANCE
India a better place to invest than China, says Forbes survey
`There's more to India than IT, outsourcing' More






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Looking back
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