The Hindu Business Line : Thursday, August 13, 2009

CORPORATE

CORPORATE DISPUTES: Deora briefs PM on gas row
The Petroleum Minister, Mr Murli Deora, met the Prime Minister, Dr Manmohan Singh, on Wednesday and apprised him of the ongoing dispute over Reliance Industries Ltd’s (RIL) Krishna-Godavari basin D6 block gas and several other ...

OVERSEAS INVESTMENTS: MphasiS to buy AIG Systems
IT services provider MphasiS Ltd said it has agreed to buy 100 per cent stake in AIG Systems Solutions Pvt Ltd for an undisclosed sum in an all-cash deal to strengthen its service offerings for the ...

OVERSEAS INVESTMENTS: Kanan Devan awaits Ethiopia nod for plantation project
Net profit rises nearly three fold; 25% payout for 2008-09. Backed by a three-fold jump in net profit and having a declared dividend of 25 per cent for 2008-09, the Munnar-based Kanan Devan Hills Plantations Company (KDHPC) is spreading its ...

NEW BUSINESS: L&T bags Rs 4,000-cr Jaiprakash power plant order
L&T-Mitsubishi Heavy combine gets order thru competitive bidding. New Delhi, Aug. 12 Larsen & Toubro Ltd (L&T) on Wednesday signed a Rs 4,000-crore agreement to supply power equipment to Jaiprakash Power Ventures (JPVL), a unit of ...

OUTLOOK: Reviving the Logan will be an uphill drive
Renault prefers tinkering with style and design. Putting the Logan back on the fast track will be the biggest challenge for Mahindra-Renault, the joint venture between Mahindra & Mahindra and Renault ...

DIVERSIFICATION: Yash Birla group plans Rs 500-cr education foray
From conventional schools to super-speciality colleges. The 3,000-crore Yash Birla Group has earmarked Rs 500 crore in the next three years to establish nearly 350 educational institutions for students and teachers through the group company, ...

SOCIETY & DEVELOPMENT: Vocational training at Ghagidih Jail
Tata Steel, through its Corporate Sustainability Services division, and the authorities of Ghagidih Jail, Jamshedpur, have jointly launched two vocational training modules at the jail premises for women inmates of the jail, according to a ...

RIGHTS ISSUE: Adlabs to raise Rs 600 cr via rights issue
To use funds for capacity expansion. Adlabs Films, an Anil Ambani group company, on Wednesday decided to raise Rs 600 crore through a rights issue which will be primarily used for ...

MERGERS & ACQUISITIONS: L&T yet to make up its mind on Satyam stake sale
New Delhi, Aug. 12 Although L&T had approached SEBI for a waiver from the lock-in period for selling its 6.9 per cent stake in Mahindra Satyam, the company has not yet received any answer, said Mr A.M. Naik, Chairman and Managing ...

OUTLOOK: Sundaram Brake upbeat about exports
Chennai, Aug. 12 Sundaram Brake Linings Ltd (SBL) expects its exports business to improve significantly in the current year thanks to demand from the replacement market. ...

OUTLOOK: Altair Engg planning centre of excellence
Coimbatore, Aug. 12 While conceding that 2009 has not been a great year for Altair Engineering, its Managing Director for South Asia, Mr Pavan Kumar, says he “is seeing signs of ...

MERGERS & ACQUISITIONS: Tata Chem to buy out other Rallis India promoters
Chennai, Aug.12 Tata Chemicals Ltd, a Tata group entity, plans to buy out the other promoters in group company Rallis India. Tata Chemicals has a 9.40 per cent stake in Rallis India as on June ...

PERFORMANCE: Hind Copper hit by water scarcity at Madhya Pradesh mines
The production of copper concentrate at public sector Hindustan Copper Ltd’s Malanjkhand mines in Madhya Pradesh was severely affected by water scarcity in first three months of the current ...

OVERSEAS INVESTMENTS: Café Coffee Day plans 12 overseas outlets
Bangalore Aug. 12 Café Coffee Day (CCD), the country’s largest coffee retail chain, plans to open 12 outlets overseas, mainly in the Eastern Europe over the next three to six months. The company is also exploring markets in China ...

ANNOUNCEMENTS: Eicher kicks off gearbox exports to US tractor cos
Mumbai, Aug. 12 Eicher Engineering Components, a division of VE Commercial Vehicles, has started exporting gearboxes to tractor manufacturers in the US from its facility in ...

ANNOUNCEMENTS: Ranbaxy enters protein supplements market with ‘Revitalite’
New Delhi, Aug. 12 Ranbaxy Laboratories Ltd has made an entry into the protein supplements market with the launch of ‘Revitalite’. The protein supplements market in India is growing at 6 per cent a year, and is currently valued ...

MERGERS & ACQUISITIONS: Gujarat NRE may take over Rey
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COURTS/LEGAL ISSUES: Orchid settles Schering lawsuit
Orchid Chemicals and Pharmaceuticals has reached an out-of-court settlement with the US-based Schering Plough Corporation on a 2006 patent lawsuit regarding allergy medicines, Clarinex and Clarinex Reditabs. Accordingly, Orchid will have the ...