The Hindu Business Line : Wednesday, September 10, 2008

CORPORATE

RESTRUCTURING: Vedanta rejigs group cos under three businesses
Shares of Sterlite and Malco show extreme movement. Mumbai, Sept. 9 Shares of Sterlite Industries and Madras Aluminium Company Ltd (MALCO) showed extreme volatility on Tuesday prompted by confusion in the market regarding a corporate ...

IPR: Tech-equity swap with foreign partners likely
New Delhi, Sept. 9 It may soon be possible for Indian companies to undertake technology transfers or get the right to use brand name or trademarks of their foreign partners by issuing equity shares to the foreign collaborator instead of making ...

OUTLOOK: Toyota plans to bring vehicle financing arm to India
Co running pilot project of CNG-run Innova. Mumbai, Sept 9 Toyota is looking at bringing in its vehicle-financing arm, Toyota Financial Services, to India in its bid to boost market share . ...

AWARDS & HONOURS: National safety award

ALLIANCES & JOINT VENTURES: IFCR in pact for collaborative research

OUTLOOK: Prospective antibiotics, psoriasis drugs to hit clinics this year: Piramal
Mumbai, Sept. 8 Piramal Life Sciences (PLS) expects three more prospective drug molecules to enter their first phase of trials on humans by the end of this fiscal. ...

NEW PROJECTS: Abhijit group’s expansion plans
The Abhijit Group would like to enhance its presence in West Bengal and has accordingly decided on major investments in the State, according a spokesman for the group. The proposed investments, estimated to run into several thousand crore of ...

INTERVIEW: ‘Hybrid engines definitely need some push in India’
Eaton India, part of the global $13-billion diversified industrial manufacturer Eaton Corporation has introduced the diesel electric hybrid power systems and is the first company to make the technology commercially available for trucks and ...

ALLIANCES & JOINT VENTURES: GKB Ophthalmics ties up with Spanish co
Panaji, Sept. 9 The Goa-based GKB Ophthalmics Ltd, an eye-care product manufacturer and marketer, has signed a joint venture pact with Spain-based multinational company Indo to market the latter’s high-end optical and ophthalmic ...

OUTLOOK: Power cut inflicts burden of Rs 63 cr on FACT
Kochi, Sept. 9 Power cuts, coupled with thermal surcharge of Re 0.50 for a unit imposed by the Kerala State Electricity Board (KSEB) this year on industries, have pushed the extra high tension (EHT) and high tension consumer industries in ...

NEW PROJECTS: Don’t disturb auto cluster, Tata Motors tells Bengal
Kolkata, Sept. 9 Tata Motors on Tuesday made it clear to the West Bengal Government that it should not take any step that would disturb the integrated nature of the auto cluster consisting of the mother plant and the vendor park in ...

OUTLOOK: Madras Fertilizers to restart NPK production
Chennai, Sept. 9 Madras Fertilizers Ltd plans to re-commence manufacture of complex fertilisers, which could have a significant impact on the company’s business volume, once the plan is ...

OUTLOOK: Rico Auto hopes to double exports to Rs 300 cr
Strong overseas demand for precision engine components. Auto parts maker Rico Auto expects exports to almost double to Rs 300 crore this fiscal, hoping to soften the impact with the domestic auto industry growth riding on a rough patch. ...

ALLIANCES & JOINT VENTURES: Sneha Kinetic in pact with US co for power project in Sikkim
Hyderabad, Sept. 9 Sneha Kinetic Power Company has signed a memorandum of understanding with Synergics Energy Services, a US-based firm specialising in development of wind and hydro ...

NEW PROJECTS: H&R Johnson expanding vitrified tile facility
Mumbai, Sept. 9Even as the real estate market demand has shown a distinct slowdown, tile manufacturer H&R Johnson (India) Ltd is expanding its Rajkot facility, which makes vitrified ...

ALLIANCES & JOINT VENTURES: Twentieth Century Fox, STAR form joint venture
New Delhi, Sept. 9 Twentieth Century Fox and STAR have formed Fox STAR Studios to produce local-language films in Asia, including Bollywood movies, for worldwide distribution. ...

ALLIANCES & JOINT VENTURES: EU keen to work with domestic cos on emission norms
New Delhi, Sept. 9 The European Union is willing to extend support and exchange know-how with the domestic auto industry on the stringent emission norms being adopted within the EU. ...

NEW PROJECTS: Vedanta to invest $9.8 b to expand aluminium capacity
Mumbai Sept. 9 Non-ferrous metals major Vedanta Resources plans to invest $9.8 billion to increase its aluminium production capacity to 2.6 million tonnes and emerge as the world’s fifth largest producer of the metal by 2012. ...

IPR: Ocimum Biosolutions bags US patent
Hyderabad, Sept. 9 Ocimum Biosolutions, an integrated genomics company, has announced that it has been awarded a US patent for ‘Molecular toxicology modelling’. The patent describes the changes in gene expression and ...

SOCIETY & DEVELOPMENT: Tatas to start relief work in Bihar
Mumbai, Sept. 9 Tata Steel will construct 50 semi-permanent relief shelters in the flood-affected areas of Bihar. About 100 employees of the company have volunteered to travel to the devastated areas and help relief operations. ...

NEW PROJECTS: Emami Biotech commissions Haldia plant
Kolkata, Sept. 9 Kolkata-based Emami group outfit, Emami Biotech, has commissioned its edible oil plant at Haldia. Mr Aditya V. Agarwal, Director of Emami Biotech, told Business Line that the plant has a capacity of 1,000 ...

RESTRUCTURING: Sterlite restructuring: Creating focussed businesses
But uncertainty may weigh. The Sterlite group has announced a restructuring of its companies, including the listed Sterlite Industries and Madras Aluminium Company (MALCO), intended to reduce cross-holdings of equity stakes and enable better ...

NEW PROJECTS: Pressure tactics
The tactics adopted by Tata Motors at Singur in West Bengal have brought down by several notches the esteem in which I had held Tata’s corporate persona, especially its penchant for social responsibility. First of all, the company’s ...

ANNOUNCEMENTS: ‘Fiat not postponing launches’
Fiat is not postponing the launch of Linea and plans for the car are moving as per the schedule, said a statement from the company in response to a report titled “Fiat may delay launch of Linea, Grande Punto” published in these ...