The Hindu Business Line : Saturday, May 28, 2005

Accor bags Novotel(Hyd) management contract
ACCOR, a European travel, tourism and corporate services company, has bagged the management contract for Novotel Hyderabad, being developed by Emaar Properties, the Gulf-based property developer. An Accor press release said here on Thursday ... More

Maruti sets up exclusive sales team for Swift
Maruti dealers will have two or three sales executives who would deal only with the new car. More

Tata Steel to phase out use of coal in generating steam, power
TATA Steel would phase out completely the use of coal in generating steam and power from September and it would be done by recycling the by-product gases produced in the steel making process. This would help the company reduce its coal cost as ... More

ONGC to commence gas production from K-G `digital' fields by April 2006
ONGC will start producing gas from G1 and GS 15 `digital' fields in the Krishna Godavari basin by April 2006. The total production from the two fields is pegged at two million standard cubic metre per day (mmscmd). The wells are scheduled to ... More

Ranbaxy makes 3 more filings for AIDS drugs
RANBAXY Laboratories Ltd said on Friday that it has made three filings of its anti-retroviral (ARV) formulations to the World Health Organisation for approval under the latter's pre-qualification project for HIV/AIDS drugs. This takes the ... More

Krishna Knitwear plans Rs 600-cr expansion
KRISHNA Knitwear Technology Ltd has announced that it will implement a Rs 600 crore expansion of its spinning, knitting and processing capacities and the manufacture of high-end fabrics by March 2007 to cater to growing demand from its buyers. ... More

Uniply to come out with Rs 12-cr public issue
UNIPLY Industries Ltd is coming out with a public issue to raise Rs 12 crore to fund its expansion of veneers and plywood manufacturing capacities. The issue planned for June 9 will be of 5 million equity shares of Rs 10 each at a premium of Rs ... More

AWARDS & HONOURS

TVS Sons awarded ISO certification
T.V. Sundram Iyengar and Sons Ltd, the parent company of TVS group, has bagged ISO 9001:2000 certification for its automobile dealership - after sales service business. At a function held here on Friday, the certification was given by Mr ... More

MERGERS & ACQUISITIONS

SABMiller buys out Shaw Wallace in joint venture for Rs 158 cr
SABMILLER Plc has bought out Shaw Wallace group's 50 per cent stake in India's second biggest brewer, Shaw Wallace Breweries, reportedly for Rs 158 crore ($36 million). The purchase has increased SABMiller's holding in Shaw Wallace Breweries ... More

Thirumalai Chem to merge group co
Chemidye Manufacturing Company Pvt Ltd is likely to be merged with Thirumalai Chemicals, an associate company, according to a notice by the latter to the Bombay Stock Exchange. The Rs 10-crore Chemidye Manufacturing Company produces chemicals ... More

NEW PROJECTS

Orissa to sign MoU with Korean co Posco
THE Orissa Chief Minister, Mr Naveen Patnaik, on Friday said that his Government will soon sign a memorandum of understanding with the South Korean steel major, Pohang Steel Company (Posco), for setting up a 12-million-tonne capacity integrated ... More

Volkswagen team non-committal on AP project
PREFERRING a low profile visit to Andhra Pradesh, the Volkswagen AG team, now touring Hyderabad, called on the Chief Minister, Dr Y.S. Rajshekhara Reddy, here on Friday. Later, refraining from interacting with the media, the auto major's team ... More

DIVERSIFICATION

NTPC likely to bid for three NELP-V onshore gas blocks
THE Rs 25,000-crore National Thermal Power Corporation (NTPC) is likely to bid for three onshore gas blocks on offer for exploration under the fifth round of the New Exploration and Licensing Policy (NELP). According to Government sources, the ... More

SICK UNITS

Autokast revival unlikely as Kerala Govt shelves proposal
The ERC, upon evaluation of the physical and financial performance of the company, had recommended privatisation of the unit, with management control to strategic investors. More

Scoreboard
SE Diary

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

Pick a Winner Stock Market Contest

Top Stories
Indian Bank IPO in September

No consensus at BIS panel meet on pesticide residue in soft drinks

Indian wheat bucks world price trend

Rubber may top Rs 70 on monsoon, low yield — Latex production down in April-May; rains could hit tapping

Infrastructure growth falls to 3.6 pc in April

Traditional items propel export growth during 2004-05

In Focus

BHEL Disinvestment

China's revaluation