The Hindu Business Line : Tuesday, April 26, 2005

Robotics workshop for children
WAVES-THE SCHOOL, a Hyderabad-based school that offers activities-based learning with the help of latest technologies, has announced the launch of Waves-Roboclub, a robotics club for children aged above seven years. Addressing newspersons here ... More

Mallya names son Siddharth as successor
IT is official now. The UB Group Chairman, Mr Vijay Mallya, has said that his son, Mr Siddharth, will be his successor, but will have to wait for a few more years to move into the centre stage. On May 8, when his son turns 18, Mr Mallya will ... More

Prajay Engineers new township in Hyderabad
HYDERABAD: Prajay Engineers Syndicated Ltd, the Hyderabad-based construction company, has announced the launch of new township - Prajay Homes, here on Sunday. In a press release here, the company said the satellite township on the ... More

Aban Loyd to buy 3 more jack-up rigs — Gets shareholders' nod to raise $100 m
ARMED with shareholders' permission for raising $100 million from the overseas market, Aban Loyd Chiles Offshore Ltd has readied itself to acquire "two or three more jack-up rigs," should an opportunity for such a purchase arise. Aban Loyd ... More

Mallya to list United Spirits on overseas bourses
Mr Mallya also confirmed that he would look at a valuation of Rs 10,000 crore (rougly $2 billion) for United Spirits Ltd. More

Kingfisher Air gets its first aircraft
KINGFISHER Air on Monday took delivery of its first brand new Airbus A320 aircraft. The A320-200 aircraft has been leased from DaimlerChrysler-owned debis AirFinance. The company will lease out three more similar aircraft to Kingfisher ... More

Jain Irrigation bags Coke order
MUMBAI: Jain Irrigation Systems Ltd's fruit processing division has recently formalised and concluded a contract of over Rs 30 crore for the supply of mango pulp to Hindustan Coca Cola Beverages Pvt Ltd - the Indian arm of ... More

Colgate to pay third interim
MUMBAI: Colgate Palmolive (India) Ltd has informed BSE that the board of directors of the company at its meeting held on April 25, has declared a third interim dividend of Rs 1.50 per share. The interim dividend will be paid on the ... More

JK Paper expansion
NEW DELHI: The board of directors of JK Paper Ltd has approved an investment of Rs 235 crore for expansion of the paper and board business in its meeting held on April 23. The company also informed the BSE in a notice that it has ... More

BUYBACK

SKF buyback offer likely next month-end
SKF India Ltd's buyback offer is likely to happen by May-end, the company's Managing Director, Mr Rakesh Makhija, told Business Line on Monday. SKF of Sweden, which has a 53.58 per cent stake in SKF India, has decided to buyback all the ... More

CORPORATE DISPUTES

Share sale by Reliance Capital sparks dissent
MONDAY marked the beginning of annual results of Reliance companies and sparks were set to fly in the backdrop of the simmering Ambani feud. The board of directors of Reliance Capital Ltd (RCL) that met here today could announce only a Rs ... More

MERGERS & ACQUISITIONS

BPL Mobile in talks to sell up to 49% stake
BPL Mobile is in talks for selling up to a 49 per cent stake to a strategic partner. The company on Tuesday said it plans to invest Rs 625 crore for strengthening its cellular network. The company is planning to partner with another telecom ... More

NEW PROJECTS

Hyundai Electronics plans Rs 100-cr manufacturing plant
IN a bid to increase its market share in the domestic consumer durables sector, Hyundai Electronics India is planning to set up a manufacturing facility in the country at an investment of Rs 100 crore. "The plant would be coming up in ... More

US company to set up chocolate unit in Kerala
AMES International Inc, a Seattle-based company that makes gourmet chocolates, cookies and roasted nuts, is setting up a manufacturing plant in Kerala. The company's plant in Kerala will be located at the Kerala Industrial Infrastructure ... More

ALLIANCES & JOINT VENTURES

Reuters to pick up 26% stake in Times Group's news channel
REUTERS Ltd has decided to acquire 26 per cent equity stake in The Times Global Broadcasting Co Ltd, the news broadcasting company of The Times of India Group. The Group declined from giving details of the valuation of deal. Reuters is expected ... More

Japan's MediBic keen on tie-ups with Indian cos
MEDIBIC, a Japanese biotechnology company supporting genomic-based drug discovery, is keen on expanding its presence in India through more partnerships. The company also wants to further consolidate its existing partnership with the ... More

OUTLOOK

Wartsila Corp sees India as sourcing centre
WARTSILA Corporation, a Finland-based power plant and equipment company, has identified India as a major source for components and parts for its global needs. It has identified new components systems for development and exports, according to Mr ... More

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