The Hindu Business Line : Thursday, November 09, 2006

New-look Great Eastern Hotel to open end-2007
The first phase of the renovated and refurbished Great Eastern Hotel, which was bought over from the State Government by Bharat Hotels for Rs 52 crore in November last year, will be commissioned by the end of 2007. By mid-2008, the entire ... More

ANNOUNCEMENTS
`Rajasthan oil fields have immense potential'
Dr Mike Watts of Cairns Energy today said that Rajasthan oil fields have immense potential and the State is witness to some of the largest oil discoveries in the world since 1985. Speaking at an international meeting hosted by the Association ... More

IOC's Gujarat refinery starts Euro-III petrol production
Indian Oil Corporation Ltd's (IndianOil) Gujarat refinery has commenced production of Euro-III grade motor spirit product. "The motor spirit produced by the Motor Spirit Quality Upgradation (MSQU) unit shall meet the Euro-III standards as ... More

Marg Cons raises Rs 302 cr for port project
Marg Constructions has raised Rs 302 crore of debt from a consortium comprising five banks and a financial institution. The funds would be used for the company's Karaikal port project. Indian Bank leads the consortium of lenders, which ... More

PREFERENTIAL ALLOTMENTS
Indiabulls' share allotment
Indiabulls Financial Services Ltd. has informed that it has issued and allotted 72.5 lakh fully paid-up equity shares of face value Rs 2 each at an issue price of Rs 417 a equity share, aggregating Rs 302.32 crore through preferential allotment ... More

CORPORATE DISPUTES
Anil Ambani co moves court against Reliance Ind
An Anil Ambani group company has moved court against Reliance Industries Ltd, owned by Mukesh Ambani. "Reliance Natural Resources Ltd (of the ADAG group) has confirmed that it has filed an application in the Companies' court of Mumbai High ... More

NEW BUSINESS
PVR bags Maharashtra projects
PVR Projects Ltd, an infrastructure company, has bagged two projects in Maharashtra valued at Rs 386 crore. The first is the Maharashtra-Deharji Medium Project (construction of dam, canal and other works) in Thane district worth ... More

NEW PROJECTS
Supreme Ind, Petro to invest Rs 1,415 cr in Maharashtra
Supreme Petrochem Ltd and Supreme Industries Ltd would together invest Rs 1,415 crore in Maharashtra to set up units for manufacturing plastic products. The companies on Tuesday signed a memorandum of understanding (MoU) with the Maharashtra ... More

Bombay Rayon plans capacity expansion
Bombay Rayon Fashions Ltd has announced major capacity expansions in garments and fabrics. The company proposes to finance its plans by raising term loans under TUFs and issuing equity. The company's board today approved plans for raising upto Rs ... More

ALLIANCES & JOINT VENTURES
Veeda Clinical, Advinus tie up for pre-clinical services
Advinus Therapeutics, the Tata-backed drug research and contract services company, has announced a tie-up with Veeda Clinical Research to provide seamless pre-clinical and early clinical development through phase II. The alliance covers ... More

GE Energy in talks with Indian cos to set up N-plants
Open to setting up new plants or participating in expansion More

L&T Modular pact with Sohar Ind
Larsen & Toubro's Oman-based joint venture — L&T Modular Fabrication Yard LLC — signed an agreement with Sohar Industrial Port Co to set up the first modular fabrication facility in Oman. L&T MFY is a joint ve More

DIVERSIFICATION
Reliance Retail gets going
Amidst much buzz, Reliance's big-bucks retail venture kicks off. More

OUTLOOK
Fortis Healthcare looks for national presence
To limit fresh forays to metros, big cities for now More

Oracle to extend CRM to small, medium businesses
Bullish on growth in Asia-Pacific and India More

Kanoos to invest Rs 200 crore
The Kochi-based Kanoos Business India Pvt Ltd has proposed to invest around Rs 200 crore in Kerala in the real estate development business over a period of two years. The group range of portfolio included residential, ... More