Financial Daily from THE HINDU group of publications
Saturday, June 25, 2005
Markets (July 25)
BL 2502325.28 (+12.27)
BSE Sensex7505.60(+82.35)
S&P CNX Nifty2291.75 (+26.15)
US Dollar (Buy/Sell)43.51/43.63
Gold Std (10 gm)6085 (+35)

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

CORPORATE

IPR


GM India seeks FIPB nod to pay royalty to GMDAT
GENERAL Motors (GM) India has made an application to the FIPB for payment of both lumpsum engineering fee and royalty to GM Daewoo Auto & Technology, Korea (GMDAT). According to market watchers, the move is indicative of the company's plans to .. More

MERGERS & ACQUISITIONS


IOC gets board nod to acquire stake in Singapore co
THE board of directors of Indian Oil Corporation has accorded an in-principle approval to the company's proposal to pursue the opportunity for acquisition of equity stake in an oil and gas enterprise based in Singapore. IOC has informed the ... More

NEW PROJECTS


Hero Honda to invest Rs 500 cr in third manufacturing plant
HERO Honda plans to invest Rs 500 crore to set up its third manufacturing plant, in the next five years, to scale up its production capacity from the current three million a year. The company is yet to decide on the location of the new plant, ... More

Mango processing unit inaugurated at Nilakottai
MADURAI: Maagrita Exports, a Rs 10-crore mango processing unit, was inaugurated at the SIPCOT Industrial Estate at Nilakottai in Dindigul district recently. Speaking at the inaugural, the Tamil Nadu Agro-Marketing and Agri-Business ... More

To raise funds for capex projects — RPG group may dilute stake in Phillips Carbon Black
THE Rs 8,460-crore RPG group may dilute its stake, currently over 50 per cent, in Phillips Carbon Black Ltd to raise $50 million or Rs 225 crore during the next 18-24 months to meet capital expenditure requirements. The management has already ... More

Sundaram-Clayton air brake unit opened
SUNDARAM-Clayton's Rs 58-crore facility for producing air brake systems for commercial vehicles was inaugurated today by Mr Ravi Kant, Executive Director, Tata Motors. The plant will be able to produce 1,50,000 sets of compressors, actuators, and ... More

Visaka Ind plans Rs 65-cr garments unit in Chennai
VISAKA Industries Ltd (VIL), the Hyderabad-based Rs 165-crore textiles and asbestos cement sheets major, plans to set up a modern garments unit in Chennai involving a capital investment of Rs 65 crore. Pending completion of the greenfield ... More

WORK LIFE


All work & some play
Corporate campuses now offer rest and recreation facilities such as gyms, swimming pools, multiplexes, etc in addition to cafeterias, as part of employee welfare measures. More

SICK UNITS


Indian Bank takes possession of Binny property
INDIAN Bank has taken possession of the corporate office of Binny Ltd consisting of 37.060 grounds, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act 2002. The bank had issued a demand ... More

OUTLOOK


Rise in raw material price will not hit our margins: GAIL chief
GAIL (India) Ltd is confident that its profit margins would not get affected despite the rise in raw material or feedstock prices. The rise in input cost, which is expected to be Rs 800 crore per annum, is being caused due to the cap on the ... More

PERFORMANCE


HLL has begun climb back up: Banga
LACK of a business up-trend seemed to weigh down investors at the AGM of Hindustan Lever Ltd (HLL) here on Friday, as they wished the company's incoming and outgoing chairmen well, but sought a reversal of fortunes in the balance ... More

Century Ply's laminate unit breaks even
THE new laminate factory of Century Plyboards (I) Ltd, which was commissioned a few months ago, has already broken even and reached the 50-per cent capacity utilisation mark. The unit produces two lakh sheets a month, out of which 30 per cent ... More

PEOPLE


Excellent team, excellent strategy: Manwani
HINDUSTAN Lever Ltd's in-coming Chairman, Mr Harish Manwani, on Friday said that his task would be to make sure that the company has the right capabilities and the right people. "I have an excellent team. We have an excellent strategy that ... More

Gopala Pillai is new FACT chief
THIRUVANANTHAPURAM: Dr G.C. Gopala Pillai has been appointed the Chairman and Managing Director of Fertilisers and Chemicals Travancore Ltd (FACT). He is currently the Managing Director of Kerala Industrial Infrastructure Development ... 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
GM India seeks FIPB nod to pay royalty to GMDAT


`Cement, best performing sector'

Satyam brand is worth over $1 b

Rubber plunges below Rs 60-mark

Free water for farming may not last: Montek

Tourism industry upbeat on domestic, foreign travel

Cabinet nod for GDN headquarters in India

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jun. 12-Jun. 18
IISCO-SAIL merger gets Cabinet nod

Philips India set to complete merger by July-end — New company to be named Philips Electronics India

No plans to sell stake, says Gillette India promoter

SCI scans the horizon for acquisitions

Jindal Vijayanagar may raise $500 m to fund expansion

NTPC plans to produce 50 mt coal by 2010


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line