The Hindu Business Line : Saturday, April 09, 2005

Rolls-Royce back in India with Phantom
ROLLS-ROYCE Motor Cars today marked its return to India after a gap of 50 years, launching its Phantom super luxury sedan in the city. The car is expected to cost Rs 3.5 - 4 crore and the company hopes to sell 7-8 units a year through its ... More

Kerala: Hind Newsprint wage pact
THIRUVANANTHAPURAM: A fresh long-term wage agreement has been reached in Hindustan Newsprint Ltd at Velloor in Kottayam. Under the agreement signed between the workers and the management in the presence of the Labour Commissioner, Mr S. ... More

Hindalco signs MoU with Orissa Govt for aluminium complex
HINDALCO Industries Ltd, the Aditya Birla Group's flagship company, on Friday signed a memorandum of understanding (MoU) with the Government of Orissa to set up a world-class aluminium complex in Orissa. The integrated aluminium project will ... More

Burckhardt plant to be opened today
WITH the handing over of Sulzer India Ltd's compressor division to Burckhardt Compression in early January, the latter's new manufacturing facility, a fully owned subsidiary of Burckhardt Compression AG, Switzerland, is all set to take off. ... More

PSL exports up at Rs 726 cr
MUMBAI: PSL Ltd has ended the 2004-05 fiscal with exports of Rs 726 crore as compared to Rs 9.24 crore in the earlier year. This increase in exports includes turnkey orders bagged by the company from countries including Sudan, Oman, ... More

`IOC top trading co in Asia-Pacific'
NEW DELHI: Indian Oil Corporation Ltd (IOC) has been ranked as the top oil trading company amongst national oil companies in the Asia-Pacific region for the successive second year, as per the annual survey conducted by Applied Trading ... More

MCF to revamp machinery
MANGALORE: Mangalore Chemicals and Fertilizers Ltd (MCF) is revamping the machinery at the plant at a cost of Rs 65 crore, according to its Senior Vice-President, Mr P.C. Jain. Quoting Mr Jain, a company release said here on Thursday ... More

PRIVATE PLACEMENT

Metropolis Health plans pvt placement of equity
METROPOLIS Health Services (MHS), a reputed referral centre for laboratory medicine, is contemplating private placement of equity to expand and grow. The size of the proposed issue has been estimated at Rs 20 crore. "We are in talks with ... More

CORPORATE DISPUTES

Anil Ambani meets Chidambaram — Reliance ownership issues still unresolved
MR Anil Ambani met the Union Finance Minister, Mr P. Chidambaram, for almost 20 minutes in a hotel room here on Friday. This comes only a day after news regarding charges levelled by Mr Anil Ambani, who is also a Member of Parliament, against ... More

AWARDS & HONOURS

FAPCCI awards announced
TOP corporate houses such as TCS, Sanghi Polyesters, ITC Bhadrachalam and Shantha Biotechnics are among the winners of the FAPCCI (Federation of AP Chambers of Commerce and Industry) awards for the year 2003-04. Tata Consultancy Services (TCS) ... More

ACCOUNTANCY

ICWAI may have to wait a while for name change
IT may be a while before the Institute of Cost and Works Accountants of India (ICWAI) can call themselves as Institute of Cost and Management Accountants of India (ICMAI). The recommendation of the Institute to change its nomenclature is ... More

RESTRUCTURING

HLL to sell tea plantation biz to subsidiaries
IN the second major move of its kind in the tea industry, Hindustan Lever Ltd, has announced plans to sell its entire tea plantation business, comprising gardens and factories in Assam (Doom Dooma Division) and Tamil Nadu (Tea Estates Division), ... More

MERGERS & ACQUISITIONS

Banswara Textile to merge
MUMBAI: Banswara Syntex Ltd has informed the Bombay Stock Exchange that pursuant to the order of the High Court of Rajasthan, Jodhpur, equity shareholders and secured creditors of the company, at the meeting held on March 28, and that of ... More

NEW PROJECTS

NINL steel facility in Orissa
BHUBANESWAR: Neelachal Ispat Nigam Ltd (NINL), currently the largest exporter of pig iron in the country, will set up a one-million-tonne steel making facility at Kalinga Nagar in Orissa's Jajpur district. NINL, a joint venture between ... More

ALLIANCES & JOINT VENTURES

Bengal Tools ties up with UCO Bank
BENGAL Tools Ltd, which is engaged in marketing power tillers, has tied up with UCO Bank for financing its products. A special scheme, named UCO Shrachi Sifang Krishi Jyothi, has been worked out under which the bank will finance without margin ... More

Matrix plans jt ventures with South African co Aspen
MATRIX Laboratories Ltd and South Africa-based $321-million Aspen Pharmacare Holdings Ltd have forged an alliance for strengthening their businesses through joint ventures in India and South Africa. As part of this alliance, both companies have ... More

SICK UNITS

MG Rover comes to halt as rescue deal falls through
THE oldest British car manufacturer, MG Rover, which has been trading since 1904 has collapsed as desperate efforts by the British establishment to negotiate a "rescue deal" with China's Shanghai Automotive Industry Corporation (SAIC) - ... More

TRENDS

Cost pressure forcing tea majors to exit plantation business
ON Dalal Street, the country's leading packaged tea players showing signs of leaving the plantation business, was interpreted as a sign of more such exits to follow. By selling their plantation business both Tata Tea Ltd (TTL) and Hindustan ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

On the right track to double trade, create employment

FMC asks NCDEX to explain delay in imposing margin on guarseed contracts

PF subscribers face housing loan woes

China's loss could be India's gain in high demand apparel items

Chidambaram wants brokers to corporatise

Which is the largest selling car? Read the fine print

In Focus

BHEL Disinvestment

China's revaluation