The Hindu Business Line : Saturday, August 05, 2006

K.K. Birla suit hearing on August 21
Mr Justice Ashim Kumar Banerjee of the Calcutta High Court on Friday fixed August 21 as the date for hearing of the suit filed by Mr K.K. Birla. The Birlas, by filing a suit, sought to enforce the trust deed, which is an integral part of the ... More

DIVIDEND ANNOUNCEMENT
NHPC pays Rs 223-cr dividend to Govt
National Hydroelectric Power Corporation Ltd (NHPC) has paid its highest ever dividend amount of Rs 223 crore to the Centre for the financial year 2005-06. NHPC , which has already paid an interim dividend amount of Rs 64 ... More

RESTRUCTURING
Rama Newsprint reduces equity capital base
Eyes capital and capacity expansions More

MERGERS & ACQUISITIONS
SABMiller in deal to buy Foster's India for $120 m
To get ownership of all Foster's assets including the brand More

Dishman spreads wings in Europe
To set up two special economic zones near Ahmedabad More

NEW PROJECTS
GM's new unit to have annual capacity of 1.4 lakh units
Plant to manufacture Chevrolet Spark More

IOC to go solo on Paradip refinery project
Talks with Saudi Aramco, Kuwait Petroleum Corporation and Shell fail to yield fruit. More

Khaitan Electricals to invest Rs 50 cr in Uttaranchal unit
Unit to make fans, CFLs More

Lemon Tree hotel in Chennai by 2007-end
Lemon Tree Hotels is developing its fifth hotel in India in Chennai. The 110-room hotel, which is being developed with an investment of Rs 37 crore, will be located opposite the Raj Bhavan in Guindy, according to Ms Sharanita Keswani, Director, ... More

REGULATORY BODIES & RULINGS
Ranbaxy gets USFDA nod for Risperidone
Ranbaxy Laboratories Ltd announced on Friday that it has received tentative approval from the US Food and Drug Administration (USFDA) to manufacture and market Risperidone oral solution (1 mg/mL). Risperdal (risperidone) is ... More

TRADE & LABOUR UNIONS
Tata Steel staff to get Rs 100-cr bonus
Tata Steel will be paying its 35,600 employees in the non-officer category an annual bonus totalling Rs 100 crore for the accounting year 2005-06. A memorandum of settlement has been signed to this effect between the company ... More

ALLIANCES & JOINT VENTURES
Syngenta, Super Spinning in pact for cotton project
Aims at improving yield per acre, quality; helps to cut production costs More

SOCIETY & DEVELOPMENT
Corporate social conscience
Money spent for being known as a good corporate citizen cannot be regarded as being wholly outside the ambit of the business concerns of the company. More

Ecology losing to corporates in a big way
Bird watchers fervently hope India Inc will stick to Hemendra Kothari's famous single-line exhort: "A balance has to be struck." More

NTPC Foundation gesture to disabled
The NTPC Foundation is supporting two physically challenged women from Hyderabad to set up beauty parlours in the city, as part of its nation-wide initiative called Self Income Generating Scheme. Mr J.K. Sikder, General Manager (Southern ... More

DIVERSIFICATION
Patel Engg plans to venture into hydel power generation
After building hydel power plants during the past five decades, Mumbai-based Patel Engineering Ltd is gearing up to become an independent power producer (IPP) in the hydel sector. According to Mr Rupen Patel, Managing Director, the company now ... More

Ruchi Soya forays into soap segment
Ruchi Soya Industries Ltd (RSIL) has announced its foray into the soap segment, with its new brand `Ruchi No1'. The soap brand is being made available in two sizes, the 75 gm pack for Rs 8 and the 100 gm pack for Rs 10, in three ... More

OUTLOOK
BPCL's interest payout may rise
As a direct fallout of the under-recovery and pressure on the cash flow resulting in increased borrowings, BPCL expects 40-50 per cent rise in its interest payout during this fiscal. The company had registered 52 per cent rise in interest ... More

Jhagadia to up capacity utilisation
Jhagadia Copper Ltd is planning to scale up the capacity utilisation of its plant from the present level of 40 per cent to 70 per cent by the end of next month. The company has initiated this step in the light of the ... More

PERFORMANCE
GLEANINGS
Less growth at the bottom of the pyramid
The trouble with seeking profits at the `Bottom of the Pyramid' as business school professors would advise of Indian corporates is that in some sectors at least, the pyramid bulges at the middle and the top. Consider, what Whirlpool of India ... More