The Hindu Business Line : Friday, June 01, 2007

ANNOUNCEMENTS
Lanco's gas project gets CDM tag
Aban Power Company Ltd, a natural gas-based power project of the Lanco Group located in Tamil Nadu, has been registered as CDM (Clean Development Mechanism) project with the United Nations Framework Convention on Climate Change. The company ... More

Piaggio plans € 65 m diesel engine facility in Pune
Rolls out sub-one-tonne vehicle More

Generics rolls out Finasteride in UK
Niche Generics Ltd, a wholly owned subsidiary of Unichem Laboratories, has launched Finasteride in the UK, a day after the drug went off patent. Finasteride, used to treat Benign Prostatic Hyperplasia (BPH), was sold by Merck ... More

Posco new tech for producing steel
Posco Co Ltd, the world's fourth-biggest steelmaker, began production from a 1.06 trillion won ($1.14 billion) furnace using technology the company says will cut production costs and pollution emissions. A release from the ... More

DIVIDEND ANNOUNCEMENT
Britannia Q4 net leaps 43%
Britannia Industries Ltd has reported a 26.5 per cent dip in net profit for the financial year 2006-07 at Rs 107.6 crore (Rs 146.4 crore). The company has attributed this decrease to "unprecedented inflation in all key commodities". Its net sales ... More

Rain Calcining to pay 10% dividend
Rain Calcining Ltd has informed the BSE that the company's board has approved 10 per cent dividend on the paid up equity share capital of the company i.e., Re 1 per equity share for 2006-07. It also okayed the re-appointment of ... More

NEW BUSINESS
Tantia bags Rs 178-cr road works order
Infrastructure and construction company, Tantia Constructions Ltd, has bagged orders worth Rs 178.29 crore of road works in Bihar. The Central Public Works Department (CPWD) awarded contracts are for works in Rohtas, Lakhisarai and Jamui ... More

Gayatri Proj bags Rs 455-cr orders
Gayatri Projects Ltd, a Hyderabad-based infrastructure company, has bagged five projects worth a total of Rs 455.40 crore. "The two major projects among the five are the Rajiv Sagar lift irrigation project at Dummagudem (Rs ... More

AWARDS & HONOURS
Muthoot Plaza adjudged the best
The Muthoot Plaza, a business class hotel owned by the Muthoot Pappachan Group, Thiruvanan- thapuram, has been awarded the Hotel of the Year Award-2007. The award has been instituted by Sarovar Hotels, India's fourth largest ... More

MERGERS & ACQUISITIONS
Tata Tea eyes stake in Mount Everest?
Reports that Tata Tea might pick up significant stake in Mount Everest Mineral Water, makers of the Himalayan brand of mineral water, sent the shares of both the companies soaring on the exchanges on Thursday. Tata Tea gained Rs 44.30 or 5.05 ... More

Kirloskar to buy Kolhapur Steel
Kirloskar Bros Ltd (KBL) has entered into a memorandum of understanding for the purchase of Kolhapur Steel Ltd, a company in which former chairman of Shree Suvarna Co-op Bank Mr Dnyaneshwar Agashe has an 81 per cent shareholding. ... More

NEW PROJECTS
L&T investing Rs 2,500 cr in expansion
Larsen & Toubro's capital investment for the current fiscal will be around Rs 2,500 crore. The company will set up new factories and expand its operations across the country over the next few years, said Mr A.M. Naik, Chairman & Managing ... More

Madras Cements hiking production capacity
Buoyancy in demand for cement likely to sustain More

NGO wants hearing on Jindal unit postponed
Samata, a voluntary organisation claiming to fight for the rights of Girijans, has appealed to the State Government and the Andhra Pradesh Pollution Control Board (APPCB) to postpone the public hearing on the proposed Jindal alumina refinery at ... More

JSW Steel plant may go on stream in 2011
WBIDC holds 11% in the joint venture company More

Shasun chalks out Rs 200-cr capex outlay
For UK unit expansion, Vizag greenfield project More

REGULATORY BODIES & RULINGS
Wockhardt set for US launch of Lamisil clone
Wockhardt Ltd has received regulatory approval from the US Food and Drug Administration to market Terbinafine tablets, the generic copy of Novartis's brand Lamisil, in the US. Terbinafine is used to treat fungal infections such as ... More

TRADE & LABOUR UNIONS
BHEL officers' body may reject new pay scheme
Over 10,000 executives of Bharat Heavy Electricals Ltd (BHEL) are planning to reject the recently introduced plant performance payment scheme and are contemplating to launch protest programmes. "In the (new) scheme, the pay is multiplied with ... More

ALLIANCES & JOINT VENTURES
Intas Biopharma signs pact with Virionics Corp
To co-develop cervical cancer vaccine More

Ansal ties up with Abu Dhabi co
Real estate firm Ansal Properties and Infrastructure Ltd, has signed a memorandum of understanding with Noor Capital, an investment company in Abu Dhabi and with India Realty Ltd, an Indian real estate player, for investing in ... More

PTC inks pact with IIFC
PTC India Ltd has signed a memorandum of understanding with India Infrastructure Finance Company Ltd (IIFC) to promote the development and construction of power projects, including thermal, hydro and other sources. As per the ... More

SOCIETY & DEVELOPMENT
Govt-industry: A maturing relationship
The Prime Minister's address at the Annual Session of the Confederation of Indian Industry last week has spawned much debate in the media. The tenor of the discussions, the colourful phraseology used are somewhat intriguing. There are hints made ... More

DIVERSIFICATION
Sobha Developers forays into lifestyle-products retail biz
`Sobha Restoplus' slated for market on Sept 1 More

Gorlas Group forays into oil and gas sector
Acquires operational blocks in Cambay, Yemen, Egypt More

RIGHTS ISSUE
DIC India plans Rs 52-cr capital expenditure
Modernisation of its existing printing ink units More

OUTLOOK
Subhiksha bets on mango for sales push
Hopes to rake in around Rs 125 cr in sales More

LG Elec focuses more on premium products
Another plant in South planned More

IOC scouts for gas for internal use at Haldia unit
Taking a cue from a number of hydrocarbon strikes in Orissa and the East coast in general and Reliance's investment in gas pipeline to Haldia, IndianOil has began scouting for approximately 1.2 million standard cubic metre of gas a day (mmscmd) ... More

PEOPLE
Raghuram Rajan to be CAF fellow at ISB
Mr Raghuram Rajan, Professor of Finance at the Graduate School of Business, University of Chicago, will be the Academic Fellow 2007 at the Centre for Analytical Finance (CAF) at the Indian School of Business (ISB). "Prof Rajan has been ... More