The Hindu Business Line : Tuesday, September 30, 2008

CORPORATE

TAXATION: RIL wants tax issues resolved on diesel sale
New Delhi, Sept. 29 Any visit by Reliance Industries Ltd’s chief, Mr Mukesh D. Ambani, to the Capital’s corridors of power is bound to create a flutter. But this time speculation was high as the timing of the visit is on the eve ...

ALLIANCES & JOINT VENTURES: Adani, Chemoil sign pact for joint venture
For supply of marine fuel at Mundra Port. Ahmedabad, Sept. 29 Adani Enterprises Ltd (AEL), a constituent of the Adani Group, has signed an exclusive, 50:50 joint venture agreement with Chemoil, one of the world’s leading physical ...

NEW BUSINESS: Jaisu bags capital dredging contract at Kochi
The Kandla-based Jaisu Shipping Company has bagged the capital dredging contract at Kochi port to deepen and widen the channels for the Vallarpadam project. The contract will also combine the maintenance dredging in the port channel for the ...

RESTRUCTURING: Tenneco bringing all subsidiaries under one entity
Bangalore, Sept. 29 The $4.4-billion global auto parts’ maker, Tenneco has decided to merge all its subsidiaries in India into one entity and open two more factories in ...

ALLIANCES & JOINT VENTURES: Orchid Chem ties up with Merck
Chennai, Sept. 29 Orchid Chemicals and Pharmaceuticals Ltd and Merck & Co have entered into a research collaboration and licence agreement to discover, develop and commercialise molecules essential for the treatment of bacterial and ...

OUTLOOK: Maruti drive: Making 750 variants of one car
Steered by its integrated supply chain; A-Star will be at Paris auto show. Hyderabad, Sept. 29 Just imagine the complexity of producing 750 variants of an automotive. The challenge is to meet different specifications, for diverse markets and ...

OUTLOOK: Ion Exchange aims at top slot for Zero B in two years
New strategy combines innovation with affordability. New Delhi, Sept. 29 Ion Exchange (India) Ltd is revamping its marketing strategy to make its flagship product, Zero B, a market leader in the water purifying category. The company said it is ...

RIGHTS ISSUE: Price of Suzlon Energy rights issue in six weeks
The price of the Suzlon Energy Ltd rights issue of about Rs 1,800 crore would be decided in about six weeks. The company is awaiting clearances from the Foreign Investment Promotion Board for ...

REGULATORY BODIES & RULINGS: Suven completes phase I dose study on new drug
Hyderabad, Sept. 29 Suven Life Sciences Ltd announced on Monday that it has completed the Phase-I single ascending dose study of SUVN-502 in healthy ...

ANNOUNCEMENTS: New Bolero comes with CRD engine
Mumbai, Sept. 29 Mahindra & Mahindra on Monday launched the new edition of the SUV Bolero. The new Bolero VLX comes with CRDE (common rail diesel engine), improved upholstery and ...

OUTLOOK: Bajaj Auto eyes bigger slice of 125 cc pie
Bajaj Auto is gunning for a larger slice of the 125 cc category and above market, wherein the company already accounts for a share of over 51 ...

RESTRUCTURING: Ernst & Young combines operations with two Mumbai cos
New Delhi, Sept. 29 Strengthening its presence in the tax domain, Ernst & Young, a professional services firm, has decided to combine its operations with two Mumbai-based accountancy and tax firms – P.D.Desai & Company ...

RESEARCH & DEVELOPMENT: Piramal Life second cancer compound enters clinical trials
Mumbai, Sept. 29 Piramal Life Sciences Ltd has received regulatory approvals to start Phase I clinical trials in Canada on its new cancer compound P-1446A-05. This would be the second prospective cancer compound from PLS that has gone ...

RIGHTS ISSUE: Tata Motors loses on day of rights issue
Mumbai, Sept. 29 The stocks of Tata Motors Ltd, whose rights issue opened on Monday, fell by 4.67 per cent on the ...

OUTLOOK: V-Guard to launch building wiring products
Bangalore, Sept. 29 V-Guard Industries will soon be launching building wiring products in the North, sourcing 50 per cent of the additional capacity created in its new factory in Kashipur in ...

ALLIANCES & JOINT VENTURES: Areva T&D, GE in pact for electrical solutions
New Delhi, Sept. 29 Areva T&D India and GE Consumer and Industrial-India on Monday announced a strategic alliance to focus on turnkey electrical ...

NEW BUSINESS: IVRCL bags Rs 418-cr M.P. project
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NEW PROJECTS: Harsha Group to invest Rs 1,500 cr in Tamil Nadu
Chennai, Sept. 29 The Dubai-based Harsha Group, a diversified entity promoted by NRIs, is to invest Rs 1,500 crore in Tamil Nadu to set up manufacturing and ...