The Hindu Business Line : Saturday, November 21, 2009

CORPORATE

CORPORATE BONDS: Corporates swamp the bond market
Owing to lower interest rates, surplus liquidity. Mumbai, Nov. 19 At least 10 companies, including public sector undertakings, are expected to tap the corporate bond market over the next two months to take advantage of the lower interest rates ...

OUTLOOK: GM India will not cede ground in Chinese alliance
India chief Karl Slym says pact will benefit both parties. Mumbai, Nov. 20 Mr Karl Slym, President and Managing Director of General Motors India, is categorical that the proposed alliance with SAIC Motor Corporation of China for light trucks ...

CORPORATE BONDS: Tata Steel to switch 56% of securities into convertible bonds
Move reduces finance charges, buys time. Mumbai, Nov. 20 Tata Steel said it will issue convertible bonds totalling $546.9 million in exchange for $493 million worth of securities it received ...

NEW PROJECTS: Bharat Hotels to invest Rs 2,300 cr in new properties
Mumbai, Nov. 20 Bharat Hotels, the holding company of The Lalit Suri Hospitality Group, will invest nearly Rs 2,300 crore in hotel properties in the next four years. This will include its foray in the mid-market ...

ANNOUNCEMENTS: Snag in Vizag steel blast furnace
A problem developed late on Thursday night (in the early hours of Friday) in one of the two blast furnaces in the Visakhapatnam steel plant and as a result the system had to be shut down and production was partly affected on Friday, according ...

ANNOUNCEMENTS: TCS promoters shed stake
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OUTLOOK: Fiat plans to export from India
Bangalore, Nov. 20 Fiat expects to export about 7,000 cars from its Indian plant even as the car maker has ruled out any plans to phase out its Palio model in spite of a rapid decline ...

OUTLOOK: Honeywell to showcase micro-air vehicle’s strengths
Discussions on with authorities, says co President. Bangalore, Nov. 20 Honeywell International expects to be shortly demonstrating its micro-air vehicle to security agencies as an option for monitoring sensitive and terror-prone areas, said ...

ALLIANCES & JOINT VENTURES: NFC to give L&T tubes for steam generators in reactors
Hyderabad, Nov. 20 Nuclear Fuel Complex (NFC), the lone supplier of fabricated fuel to nuclear power plants in India, is firming up a memorandum of understanding with L&T for supply of indigenous tubes for steam generators used in ...

MERGERS & ACQUISITIONS: Srei-led consortium bids the highest for majority stake in DPSC
Kolkata, Nov. 20Infrastructure company Srei and its joint venture, India Power Corporation Ltd, have emerged the highest bidder for acquiring a 57 per cent stake in the power generation and distribution utility DPSC Ltd (formerly ...

MERGERS & ACQUISITIONS: Network18 to merge back-end operations of business channels
New Delhi, Nov. 20 Media conglomerate Network18 announced on Friday that it is going to merge the logistics, back-end and broadcast operations of its two business news channels, CNBC TV18 and CNBC Awaaz. The restructuring would result in 12 ...

OUTLOOK: 3M to enter car-care aftermarket biz by 2011
New Delhi, Nov. 20 3M India said on Friday that it would enter the organised car-care aftermarket retail business by 2011, with its car care division planning to launch its own branded ...

COURTS/LEGAL ISSUES: Police protection to industrial unit not a matter of right: Court
An industrial unit cannot claim, as a matter of right, any police protection unless the law permits, the Madras High Court has ...

ACCIDENTS: Rebuilding IOC’s Jaipur depot to cost Rs 160 cr, says Deora
New Delhi, Nov. 20 To rebuild Indian Oil Corporation Ltd’s (IOC) depot in Jaipur, which was destroyed by fire, over Rs 160 crore is ...