The Hindu Business Line : Thursday, March 06, 2008

Victory Group buys British switchgear firm
Victory Group, a Hyderabad-based company, has announced the acquisition of the British Midlands located electrical switchgear manufacturer — Craig and Darricott, a 64-year-old closely held company for an undisclosed sum.The ... More

NEW PROJECTS
Nippon to add Rs 450 cr in India operations
Chennai, March 5 Japan-based international paint major Nippon Paints is planning to invest another Rs 450 crore in India operations. “This may happen in phases over a period of three years from now,” said Mr Yip Wai Meng, Managing ... More

TCIL to open cold rolling facility in May
Kolkata, March 5 Tinplate Company of India Ltd (TCIL) is working on plans to set up a 200,000 tones per annum (TPA) capacity cold rolling facility to feed its second electrolytic tinning line (ETL 2) scheduled to be commissioned by May this ... More

Binani Zinc to double capacity, invests Rs 500 cr
Zeroes in on 3 mines in Rajasthan; plans tech upgrade More

Tata AutoComp to invest Rs 100 cr on expansion
New Delhi, March 5 Tata AutoComp GY Batteries on Wednesday said that it would invest Rs 100 crore to expand its four-wheeler automotive battery manufacturing capacity to one million units by October this year which would be further scaled up ... More

OVERSEAS INVESTMENTS
Essar to begin oil hunt in Madagascar onshore blocks soon
Kolkata, March 5 Essar Oil has completed its core hole drilling in Ranigunj CBM block and is planning to launch the 15 well drilling in April. The company will also start oil hunt in its three onshore blocks in Madagascar by launching ... More

Strides Arcolab, Aspen seal Latam deal
Bangalore, March 5 Strides Arcolab and its South African partner Aspen have completed their transaction of November 2007 by which Aspen now acquires 50 per cent stake in Strides’ Latin American operations, a Strides release here said. ... More

ALLIANCES & JOINT VENTURES
Hikal, Bayer CropScience pact
Hikal Ltd has signed a long-term contract manufacturing agreement with Bayer CropScience AG for the supply of active ingredients for crop protection products, Hikal said, without giving details. Hikal has set up a new multi-purpose plant at ... More

SICK UNITS
AAIFR validates Jessop’s rights issue
Kolkata, March 5 The Appellate Authority for Industrial and Financial Reconstruction (AAIFR) has upheld a BIFR order de-listing Jessop & Co as a sick company. The AAIFR has also validated the rights issue by the company. According ... More

OUTLOOK
CIL awaits Govt nod on Jharia Action Plan
New Delhi, March 5 Public sector coal major Coal India Ltd (CIL) has said that it is awaiting the Government’s approval on Jharia Action Plan to contain fire and make the coalfields worthy of meeting the growing needs of the steel ... More

Tax holiday withdrawal proposal in Budget
ONGC to review refinery investments More

PERFORMANCE
BMW India sales, growth exceed expectations
German luxury carmaker BMW is firing all cylinders in India with its sales far outpacing its expectations and February 2008 creating a new high in its overall sales volumes.The company also believes that the market for luxury cars in ... More