The Hindu Business Line : Wednesday, January 19, 2005

Media Video bags Rs 11-cr Fujida Tech order
MEDIA Video Ltd has bagged an export order of Rs 11.47 crore from Fujida Technology Ltd for export of DVD players. It has recently launched its Basic Function DVD player at Rs 3,190. The company, which has 132 distributors and 2,000 dealers ... More

CORPORATE DISPUTES

Reliance spat: What's in store at ensuing board meetings?
THE next three days may witness many new twists and turns in the ongoing Reliance saga with the two warring Ambani brothers gearing up for a showdown as the boards of four main Reliance group companies meet to consider their quarterly ... More

RIL votes in favour of change in Reliance Energy's Articles of Association
RELIANCE Industries, the largest shareholder in Reliance Energy, has voted in favour of entrusting itself with the power to appoint the majority of directors on the REL board. Earlier these powers were vested with Mr Anil Ambani, REL Chairman ... More

MERGERS & ACQUISITIONS

Yugansk stake: ONGC faces legal perils, competition from China
MUCH interest has been evoked in the European business media today about news that India's ONGC is currently engaged in delicate negotiations with Russia's nationalised oil giant Yugansk (Yuganskneftegas) for a large investment stake - around ... More

United Breweries to acquire KBDL for Rs 180 cr
UNITED Breweries (UB) Ltd, the leading domestic brewer, is snapping up Karnataka Breweries & Distilleries Ltd (KBDL), the country's largest brewing unit, for Rs 180 crore. Mr D.K. Adikeshavulu, a long time ally of the UB Chairman, Mr Vijay ... More

SWC liquor biz sale in limbo?
A DIFFERENCE of opinion within the Jumbo World Holdings board could put the sale of Shaw Wallace & Co's (SWC) liquor business in limbo even as the bidders claimed that they have assurance from McKinsey & Co that the selloff would proceed ... More

ONGC to bid for refinery project in Equador
OIL and Natural Gas Corporation will bid for building a 2,00,000-barrels per day refinery and for the development of the lucrative Ishpingo-Tambochocha-Tiputini oil field-cum-refinery project in Equador. Equador will invite bids in May to ... More

Lafarge buys out Wisconsin stake in cement firms in India, South Korea, Japan
NEW DELHI: FRENCH cement-maker Lafarge on Tuesday announced that it is buying out the State of Wisconsin Investment Board's stakes in cement operations in India, South Korea and Japan for $141 million. The purchase is part of a ... More

OUTLOOK

Saudi Aramco may partner IOC to build crude reserves
THE world's biggest oil firm Saudi Aramco is keen on partnering Indian Oil Corporation (IOC) for building strategic crude oil reserves in India. It has also evinced interest in the Indian petro-products retail market. The Saudi Aramco ... More

Ranbaxy's Tempest upbeat on 2005
THE fluctuating value of the dollar and increased investments in research and development in the fourth quarter seems to have taken some sheen off the profitability of Ranbaxy Laboratories Ltd last calendar year. And the company is not taking ... More

Rane (Madras) export turnover set to quadruple
IN 2002-03, when Rane (Madras) Ltd began to look at exports seriously, its revenues from overseas sales amounted to Rs 50 lakh. Thanks to demand from US and European original equipment manufacturers (OEMs), the company exported Rs 9-crore ... More

IOC may process crude from Rajasthan
THE Petroleum Ministry has nominated Indian Oil Corporation (IOC) to take the crude oil found in Barmer district of Rajasthan and options of laying pipeline to its refineries were under evaluation, Mr Mike Watts, Director (Exploration), Cairn ... More

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