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Saturday, January 22, 2011
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PUBLIC OFFER: Tata Steel FPO: Choice of bankers a ‘coincidence'
Selection was independent decision: Tata group CFO. The choice of the four investment banks – SBI Capital Markets, Kotak Mahindra, Deutsche Bank and HSBC – by the Tata Group for the Tata Steel follow-on offer (FPO) was ...

INSIGHT: Refining, petrochem drive RIL results
Oil and gas lacklustre on declining KG-D6 output. A strong showing in the refining and petrochemicals businesses has helped Reliance Industries (RIL) shrug off weakness in its oil and ...

ANNOUNCEMENTS: Maruti hikes prices by 2%
Maruti Suzuki has increased its car prices by up to 2.2 per cent effective ...

NEW PROJECTS: ‘We want a resolution and are open to dialogue'
Lavasa keen to resolve issue with Environment Ministry. Lavasa Corporation will approach the Environment Ministry to resolve the impasse over the hill station project, said Mr Ajit Gulabchand, Chairman and Managing Director, Hindustan ...

PERFORMANCE: Wipro ‘getting positive response' from clients for higher rates
Wipro said on Friday it has started getting price increases from some of its customers in the range of 3 per cent and 7 per cent. “We did get some decent increases,” Wipro's Executive Director and the Chief Financial Officer, ...

ACCIDENTS: ‘Minor' oil leak in ONGC pipeline plugged
Initial assessment puts loss at 25,000 barrels. A leakage at ONGC's Mumbai Uran Trunk (MUT) crude oil pipeline in the western offshore on Friday morning has led to an oil spill of about a mile, which could mean a loss of about 25,000 barrels, ...

FINANCIAL PERFORMANCE: ITC reports 21.4% growth in Q3 profits
Agri-business, branded packaged foods segments post strong profit. Kolkata, Jan. 21 ITC has reported a 21.4 per cent growth in net profit during the third quarter against the corresponding period in the ...

OUTLOOK: After Dr Reddy's, Wockhardt too to sell acidity drug Protonix in US
Sun Pharma may also look to launch generic version. Drug-maker Wockhardt has said it will sell its generic version of Pantoprazole in the US, following the expiry of the patent on ...

OVERSEAS INVESTMENTS: A.V. Birla Group leads race for US' Columbian Chemicals
The Aditya Birla Group has emerged the frontrunner for acquiring US-based Columbian Chemicals, ahead of rivals such as Phillips Carbon Black of the ...

MERGERS & ACQUISITIONS: Franchise India plans stake in cos with ‘scalable concepts'
Aiming at 5-6 strategic investments each year. Franchise India has started a separate company called Franchise India Brands Ltd to take an equity stake in “promising, scalable and emerging franchise/service concepts”. Speaking to ...

OUTLOOK: Callaway Golf to tee off with mono-brand outlet
Callaway Golf, the global golf equipment and merchandise brand, will be setting up its first mono-brand store in Delhi by March, even as it mulls sourcing apparel from the sub-continent to ...

MERGERS & ACQUISITIONS: Tax law as M&A facilitator
Much has been written about the funding aspects of the iGATE-Patni deal. Here is a look at the transaction from a taxation perspective, as extracted from a recent email exchange between Business Line and Mr Sujit Sircar, CFO, iGATE ...

PERFORMANCE: Ford flags off Figo smart drive across Kerala
To celebrate the success of its Figo model, Ford India has embarked on a regional ‘Discover Smart Drive' ...

OUTLOOK: HTC sees higher Q1 revenue
Taiwan's HTC Corp, the world's No.4 smartphone brand, expects revenue and shipments to more than double in the first quarter of 2011, helped by a new generation ...

OUTLOOK: Maruti initiative to support new business ideas
To promote and nurture new business ideas, the country's largest carmaker, Maruti Suzuki, is launching the ‘WagonR Think Big Challenge ...

ALLIANCES & JOINT VENTURES: L&T, Alstom venture bags Chennai Metro project
The Chennai Metro Rail has awarded the Rs 449.22-crore contract for design and construction of track works to a joint venture of L&T ...

ALLIANCES & JOINT VENTURES: Amrutanjan ties up with Austin Chem
Chennai-based Amrutanjan has signed an MoU with Austin Chemical Company Inc, Chicago, US, to form a joint venture, Amruntanjan Pharmaessense Ltd. According to a press release from Amrutanjan, the company's fine chemical division, in its ...

RIGHTS ISSUE: Gayatri Projects to raise Rs 400 cr
The board of directors of Gayatri Projects Ltd has approved a move to raise up to Rs 400 crore by issue of equity shares /warrants or a combination to the company shareholders on a rights basis. The other details of the proposed issue may ...

Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna

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Markets (Jan 21)
Nifty (at close)5,696.50(-15.10)
US Dollar(Buy/Sell)45.62/63
Brent crude (a bbl) Rs4,402
Gold (a gram) Rs1,879
Silver (a kg) Rs42,430

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In Focus
Ban on iron ore exports

Who is hiring?


Other Top Stories
Regulatory risks seen higher in developed markets

Foreign banks' arms too must meet 40% priority sector lending target: RBI

Exports may exceed $210 b in 2010-11, says DGFT

Surge in overseas profits boosts Bank of India net

Wheat outlook satisfactory, but risks persist

ITC reports 21.4% growth in Q3 profits

Refining, petrochem drive RIL results

TCS, HCL surge ahead of Infosys and Wipro in Q3

Looking back
Jan. 9-Jan. 15
ITC-Welcomgroup to invest $2 b to double room inventory

Raw material cost, flat sales may hit Tata Steel profits

NTPC's 750 MW Assam project may miss deadline

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