Business Daily from THE HINDU group of publications
Wednesday, October 04, 2006
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CORPORATE

ANNOUNCEMENTS
GAIL declines REL's request for more gas from KG Basin
REL wants fall-back supplies to be treated as firm allocation More

Indo Count unit opens
Indo Count Industries Ltd's Home Textile Division commenced production yesterday, the day it was inaugurated by Mr Jayant Patil, Finance Minister of Maharashtra. ... More

OVERSEAS BORROWINGS
ACC converts FCCBs
ACC Ltd has announced allotment of 12,083 shares against conversion of FCCBs by bondholders. This is consequent to the resolutions passed by the Shareholders/Investors Grievances Committee of the Board. The company informed BSE ... More

DIVIDEND ANNOUNCEMENT
Zenith Fibres to pay 15 pc
Zenith Fibres Ltd has informed BSE that the members at the annual general meeting of the company held on September 27, have declared a dividend of 15 per cent, Rs 1.50 per equity share of Rs 10. ... More

Indian Oil pays Rs 1,460-cr total dividend
IOC has declared dividend for 40 consecutive years. More

RESTRUCTURING
United Spirits begins restructuring exercise
Increased focus on topline, profits More

MERGERS & ACQUISITIONS
NPIL buys out Boots in jt venture co
Drug-maker Nicholas Piramal India Ltd (NPIL) has acquired the balance 51 per cent equity held by The Boots Company Plc in joint venture company Boots Piramal Healthcare Pvt Ltd. NPIL has been paid a one-time amount of Rs 17.8 crore for this ... More

Marg to invest in Signa Infra
The Chennai-based Marg Constructions received shareholders approval to invest up to Rs 400 crore in securities of Signa Infrastructure India Ltd, a joint venture between Marg and Hudco (Housing and Urban Development Corporation ... More

NEW PROJECTS
Trinamul Cong to stay off meet
Ms Mamata Banerjee's Trinamul Congress (TC) has said that it will not attend the all-party meeting convened by the West Bengal Government on Tuesday to discuss issues pertaining to the acquisition of agricultural land at Singur ... More

OVERSEAS INVESTMENTS
Wockhardt acquires Irish generic co
All-cash deal worth $150 million More

ALLIANCES & JOINT VENTURES
Tata retail arm ties up with Woolworths
Retail chain to offer `seamless' branding, pricing, after-sales services More

Nod for Pantaloon's joint venture
The board of Pantaloon Retail on Tuesday approved a proposal to form a 50:50 joint venture with the UK-based Alpha Airports Group Plc for developing travel retail and catering business at leading airports in India. The company ... More

HT Media, TOI group ink pact
HT Media Ltd and the Times of India Group have signed a MoU to establish a 50:50 joint venture to start a newspaper in Delhi. The joint venture will function as a standalone business, said a statement posted on the BSE. ... More

OUTLOOK
ONGC may soon resume operations in Sunderbans
The schedule to be finalised after re-deployment of drill-ship More

PERFORMANCE
TVS sales cross 1 lakh in Sept
For the first time, TVS Motor Company has reported monthly motorcycle sales exceeding one lakh units. In September, the company sold 1.06 lakh motorcycles, which was 42 per cent higher than in September last year. Sales of all two wheelers of ... More

Tata Motors Sept sales up 24 pc
Tata Motors reported 23.8 per cent rise in vehicle sales to 49,157 units (including exports) in September 2006, over 39,707 vehicles sold in September last year. Sales of passenger vehicles rose by 15.7 per cent to 18,609 ... More

M&M Sept sales up 15.4 pc
Mahindra & Mahindra reported a 15.4 per cent increase in vehicle sales in September 2006 over the corresponding month last year. According to a press release, the company sold 15,976 (including exports) units during the month as More

PEOPLE
Sanjay Budhia joins Zenith Birla board
Mr Sanjay Budhia, Managing Director of Patton International Ltd, has recently joined the board of Zenith Birla (India) Ltd, a Yash Birla group company. The appointment takes effect from September 28, 2006. Mr Budhia is also ... More

New director for IOC refineries
NEW DELHI: Mr B.N. Bankapur has assumed charge as Director (Refineries) of Indian Oil Corporation. He took over from Mr Jaspal Singh who superannuated recently. Before this assignment, Mr Bankapur was the Executive Director (Operations) at ... More






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