The Hindu Business Line : Friday, August 22, 2008

CORPORATE

CORPORATE DISPUTES: Gas supply row: Possibility of Ambani brothers meeting emerges
Mumbai Aug. 21 The Bombay High Court hearing on Thursday on the gas supply dispute between the Anil-Ambani controlled Reliance Natural Resources Ltd and Mukesh Ambani’s Reliance Industries Ltd led to discussions on the possibility of the ...

BUSINESS MODELS: When waste paper collection is good business plan
ITC UNIT’S INITIATIVE. Chennai, Aug. 21 ITC’s Paperboards and Specialty Papers division is expanding its waste paper collection programme in South India. It has launched the programme in Chennai through a tie-up with leading IT ...

OUTLOOK: Empee Sugars plans corporate farming of cane
For its upcoming integrated sugar mill in TN. Chennai, Aug. 21 Empee Sugars and Chemicals Ltd, which is putting up a Rs 515-crore integrated sugar mill complex in Tirunelveli in Tamil Nadu, is planning corporate farming of sugarcane apart from ...

OUTLOOK: Volkswagen to launch two mini vans by year-end
Marks entry into commercial vehicles biz. Mumbai, Aug. 21 Volkswagen, which has been planning an entry into the Indian commercial vehicle market, has decided to launch two mini vans, primarily targeting the business ...

NEW BUSINESS: Nagarjuna Const. bags new orders
Nagarjuna Construction Company Ltd (NCCL) has secured three new orders aggregating Rs 474 crore to be executed in New Delhi and Karnataka. The first order, valued at Rs 252 crore, was secured from the Engineers India Ltd (New Delhi) for ...

NEW PROJECTS: Environ Energy plans polysilicon project
Kolkata, Aug. 21 The Jyoti Poddar-controlled Environ Energy group on Thursday announced plans to set up the country’s first integrated polysilicon solar project at Haldia. ...

OVERSEAS INVESTMENTS: Pride Hotels expanding overseas
Mumbai, Aug. 21 Pride Hotels, a Mumbai-based luxury hotel chain, is looking to expand its footprint in the overseas market. The group is looking at Dubai and London as possible destinations for the ...

MERGERS & ACQUISITIONS: Lupin picks up minority stake in Australian company
Mumbai, Aug. 21 Lupin Ltd has acquired a minority stake in Australian drug-maker Generic Health Pty Ltd, the company said without disclosing financial ...

PERFORMANCE: Leyland heavy haulage vehicle sales up
Construction, mining, cement uptake give boost. Hyderabad, Aug. 21 Heightened activities in the construction and mining sectors and cement uptake have boosted the sales of heavy haulage vehicles and tipper business in an otherwise slightly ...

OUTLOOK: Zee forays into trade show biz, targets Rs 10 cr turnover
Mumbai, Aug. 21 Zee News is targeting a turnover of Rs 10 crore this fiscal from its recent foray into business trade shows. Zee News is currently negotiating with trade bodies such the American, French and Italian Chambers of Commerce to ...

ALLIANCES & JOINT VENTURES: PBEL unveils Hyderabad project
PBEL, an Indo-Israeli joint venture real-estate company, has announced the launch of the first phase of the Rs 1,200-crore PBEL City, a residential-cum-commercial venture, on the outskirts of the ...

DIVIDEND ANNOUNCEMENT: Hindustan Zinc proposes Rs 3,600-cr expansion
Mumbai, Aug 21 Hindustan Zinc Ltd, a Vedanta Group company, will invest Rs 3,600 crore to expand capacity to 1.65 million tonnes an annum (mtpa) from 7.54 lakh tpa. ...

OUTLOOK: Sports car Audi R8 gets 15 bookings so far
Mumbai, Aug. 21 Audi’s high-end sports car R8, which is to be launched in October, has already got 15 bookings across the country, said Mr Martin Birkner, Vice- President, Marketing, Audi India. Audi started booking for R8 two months ...

NEW PROJECTS: SABMiller sees profit decline in Indian operations
Bangalore, Aug. 21 SABMiller, which makes Foster’s beer, has seen a decline in profits from its Indian operations during 2007-08 but is setting up a one million hectolitre capacity brownfield brewery in Haryana this ...

ALLIANCES & JOINT VENTURES: Wipro Infra, Cargotec in pact
Wipro Infrastructure Engineering, a division of Wipro Ltd, and Cargotec Corp have entered into a long-term partnership agreement for supply of hydraulic cylinders, the companies said in a statement. Wipro and Cargotec will also partner in ...

STANDARDS & BENCHMARKS: Aurobindo's Losartan gets US nod
Aurobindo Pharma Ltd has received the tentative approval to manufacture and market Losartan Potassium tablets from the US Food & Drug Administration (USFDA). The drug is used in the treatment of hypertension. Losartan Potassium tablets are the ..

DIVIDEND ANNOUNCEMENT: MRPL pays dividend to HPCL
Mangalore Refinery and Petrochemicals Ltd (MRPL) on Thursday handed over a dividend of Rs 35.66 crore for 2007-08, to Hindustan Petroleum Corporation Ltd (HPCL). HPCL holds 16.95 per cent stake in MRPL. A company release said here that Mr L.K. ...

RIGHTS ISSUE: Tata Motors fails to sustain initial gains
Kolkata, Aug. 21 Though the market reacted positively, on Thursday to the changes in the capital raising plan by Tata Motors; the stock opened with a positive note and touched a high of Rs 444, but closed lower by 1.44 per cent at Rs 418 at ...

PEOPLE: R.S. Pandey set to join Petronet board
New Delhi, Aug 21 Petroleum Secretary Mr R. S. Pandey is set to join the Board of Petronet LNG Ltd (PLL), a position left vacant after his predecessor Mr M. S. Srinivasan demitted office on July 31. Mr Pandey’s name has been approved by ...

OUTLOOK: Delhi will get Suzuki’s brand display centre
New Delhi, Aug. 21 Suzuki Motor Corporation’s first brand display site will be set up in the national capital in the next two months. This would be the second such showroom of Suzuki Motor Corporation worldwide after it set up one in ...

ALLIANCES & JOINT VENTURES: Harita Seating plans venture with German co
Chennai, Aug 21 Harita Seating Systems has informed the Bombay Stock Exchange that the company proposes to enter into a joint venture with F S Fehrer Automotive GmbH, Germany, an international specialist in vehicle interior components. ...

ALLIANCES & JOINT VENTURES: Tulsyan NEC signs pact with Nigerian co
Chennai, Aug. 21 Tulsyan NEC Ltd , the flagship company of Rs 680-crore Tulsyan group, signed a joint venture agreement with Budhrani group in Nigeria to set up a steel making and rolling mill. Tulsyan will hold 51 per cent in the joint ...

ANNOUNCEMENTS: Some relief for Tata Motors investors
Concerns on interest rates remain. Tata Motors’ announcement that it would reduce the size of its proposed rights issue to the extent of Rs 3,000 crore is welcome relief to investors in the stock. ...