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Wednesday, August 23, 2006
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CORPORATE

CORPORATE DISPUTES
Cabinet panel to decide on RNRL objections
Bid evaluation for CBM III More

CLB urges Bajaj brothers to aim for settlement
The Company Law Board (CLB) has asked Mr Rahul Bajaj, Mr Shishir Bajaj and others to try to implement a settlement package and report it by mid-September. CLB has been informed by the lawyers that differences remain between the parties on the ... More

OVERSEAS BORROWINGS
Kesar Enterprises in talks with FIIs for FCCB issue
H R Kilachand family-controlled Kesar Enterprises has planned to issue foreign currency convertible bonds to overseas investors aiming to mop up around Rs 75 crore. Mr Vipul Doshi, Senior Vice-president (Finance) of Kesar confirmed to ... More

ECBs in June top $ 1 b
As many as 72 Indian companies borrowed $1.05 billion (about Rs 4,600 crore) overseas during June 2006, according to data released by the Reserve Bank of India. These companies have borrowed about $4.4 billion or Rs 20,000 crore ... More

Suryajyoti to raise $20 m
The board of directors of Suryajyoti Spinning Mills Ltd at its meeting on Tuesday approved the proposal for raising funds through global offering. The company informed the stock exchanges that the board approved issue of ... More

AWARDS & HONOURS
Avesthagen bags Red Herring award
Biotechnology company Avestha Gengraine Technologies Pvt Ltd said it has been chosen for a Red Herring 100 Asia award for 2006 for disruptive innovation. The awards are to be presented in Hong Kong on August 28. The award recognises Avesthagen ... More

COURTS/LEGAL ISSUES
Madras HC to hear Novartis plea on Glivec today
Cancer patients to hold demonstrations against co More

HUMAN RESOURCES
HLL to seek outplacement for food division employees
HLL is talking to recruiters to seek outplacement for employees of its foods division headquarters at Bangalore. This initiative has come after the company announced its intention to relocate the foods division to Mumbai. As in most corporate ... More

NEW PROJECTS
Mahalakshmi Profiles makes Rs 6-cr expansion plans
The Hyderabad-based steel tube and pipe manufacturing company Mahalakshmi Profiles Pvt Ltd (MPL) has earmarked Rs 6 crore for its expansion plans during the financial year 2007-08. The capital would be raised from banks and by the promoters ... More

OVERSEAS INVESTMENTS
Coromandel Fert Tunisian venture
Coromandel Fertilisers Ltd (CFL) has informed the stock exchanges that it has entered into a shareholders agreement with Group Chimique Tunisien, Tunisia, and Gujarat State Fertilisers Corporation for the proposed joint venture ... More

Ma Foi Academy in Shanghai
Having established its presence in the Indian educational circuit, the Chennai-based Ma Foi Academy has forayed into Sri Lanka with plans to start operation in Shanghai soon. Ma Foi Academy is on an expansion drive with plans ... More

TRADE & LABOUR UNIONS
BHEL officers to boycott jubilee celebrations
Protest against `measly' incentive More

ALLIANCES & JOINT VENTURES
Ventures with Mittal on, says ONGC
Refutes allegations of `lack of interest' More

Elgi teams up with IOC for lube oil launch
Air compressor manufacturer Elgi Equipments Ltd (EEL) has teamed up with Indian Oil Corporation Ltd (IOC) to launch `Servo Elgi Recip Air Lube Oil' for use in the reciprocating compressors of the company. Launching the product, Dr Jairam ... More

Singareni Collieries, NTPC to form joint venture
Coal mining, power projects to be taken up on equal equity More

U21 Global to tie up with IIM-B for online course
U21Global, an online graduate school, would be tying up shortly with the Indian Institute of Management - Bangalore (IIMB) to offer an online certificate management-related course, according to Mr Girish Rangan - Country Manager, India, ... More

SOCIETY & DEVELOPMENT
TERI, GTZ award for fighting AIDS
The Energy Research Institute (TERI) and German Technical Cooperation organisation, GTZ on Tuesday announced an award for corporates, which will recognise private initiative in fighting HIV/AIDS. This will be to encourage private ... More

VENTURE CAPITAL
Endurance raises Rs 150 cr
Endurance Technologies Private Ltd (Endurance), an auto component company, has raised Rs 150 crore through private equity financing from Standard Chartered Private Equity Ltd. Endurance is the sixth investment in India-based companies by Standard ... More

DIVERSIFICATION
Tayal group forays into real estate
Reward Real Estate Ltd has begun the construction of Empress City, a Rs 450-crore integrated township project in Nagpur. More

OUTLOOK
Monsanto anxious over pricing of Bt cottonseed
Company could delay bringing in second, third generation technology products More

PERFORMANCE
ONGC increases gas production, supplies at Hazira
Oil and Natural Gas Corporation (ONGC) resumed industrial gas production in the second phase at Hazira on Monday with the processing of another six million standard cubic metres per day (mscmd) bringing the total gas production to 12 mscmd, two ... More

ONGC Rajahmundry profit at Rs 350 cr
The Oil and Natural Gas Corporation's (ONGC) Rajahmundry Asset has made a gross revenue of Rs 838.20 crore (provisional) and earned a profit of Rs 350 crore (Profit Before Tax), during the financial year 2005-06. The Project has contributed Rs ... More






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Aug. 13-Aug. 19
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