The Hindu Business Line : Thursday, July 07, 2005

Essar Oil clarifies on Ratna, Mehsana blocks
ESSAR Oil Ltd today clarified to the stock exchanges on the status of its E&P activities in Ratna offshore and Mehsana onshore blocks. According to company sources, this was in response to rumours in the market about some discovery that had ... More

Jayant Agro to pay 50%
MUMBAI: The board of directors of Jayant Agro-Organics Ltd (JAOL) has recommended 50 per cent dividend to its shareholders for 2004-05. The board has also approved 7 per cent dividend on preference shares, company release said. For the ... More

M&M rolls out new pick-up vehicle
MAHINDRA & Mahindra on Wednesday set off fresh action in the pick-up utility vehicle segment by announcing the launch of its Maxx Pik Up Flat Bed. The Flat Bed would first be launched in Maharashtra, which is the biggest market for this ... More

SPML bags Delhi Govt deal for waste management
THE Rs 230-crore Subhash Projects and Marketing Ltd (SPML), an engineering construction firm, has made a foray into urban waste management. The company, in collaboration with Tetrapeck of North Columbia, has secured a seven-year contract for ... More

ENVIRONMENT

Hyderabad co in deal to sell carbon credits to Japan firm
Eco Carbon has also said it's willing to sell more than the agreed figure. More

IPR

GangaGen bags 2 US patents for phage knowhow
MOVE over, antibiotics. The phages are coming. And in 18 months' time, the Bangalore R&D arm of biotechnology company GangaGen could come out with phage-based remedies for some of the common and deadly bacterial infectionsnagging us. Phage is .. More

MERGERS & ACQUISITIONS

Videocon's European Odyssey
In another instance of an Indian company acquiring a foreign entity, Videocon has bought Thomson's colour picture tubes business. Catalyst examines the motives and prospects. More

ISMT to merge into India Seamless Steels
INDIA Seamless Metal Tubes Ltd (ISMT) is all set to merge into India Seamless Steels and Alloys (ISSAL) to create a Rs 1,000-crore engineering company. The Bombay High Court has convened a shareholders' meeting of both the companies on August 1 ... More

ALLIANCES & JOINT VENTURES

Nostalgia for Note 18
Indian companies can include a non-compete clause in the shareholders' agreement in case their foreign partners play truant, says S. Murlidharan More

Hay House into joint venture with Indian firm
HAY House, USA, publishers of self-help books and products, is set to start a new company — Hay House India, in a joint venture with Ravi & Meena Lalwani, Directors of Media Star. Media Star is a Jashanmal Group Company operating in the .. More

INTERVIEW

`We want to produce the best tea at the lowest price'
IN India, the retail revolution is in its initial phase. But in developed markets the issue is one of coping with the growing size of these companies and the severe competition amongst them. Mr Peter Unsworth, Managing Director (Supply & ... More

OUTLOOK

HLL: On comeback trail?
FMCG major Hindustan Lever claims that the days of slow growth are behind it. A new Chairman at the helm, a revamped portfolio of brands and a positive outlook for consumer goods it expects will give it the right boost. A Catalyst report. More

Why the timing could be right
IS Hindustan Lever's 7 per cent sales growth in the March quarter simply a flash in the pan? Or is it an early sign that the company is climbing out of the grip of slow growth in which it has been stuck for about three years now? Not an ... More

BHEL bid to build 400-MW power plant in Sudan
BHARAT Heavy Electricals Ltd (BHEL) has submitted a bid for putting up a 400-MW power plant in Sudan, the public sector power equipment manufacturer's Chairman and Managing Director, Mr A.K. Puri, told Business Line in Tiruchi recently. Mr ... More

PERFORMANCE

ITC printing unit goes global with pioneering solutions
ITC Ltd's packaging & printing business, a major converter of paperboard into high-value packaging, has established a major international presence (in as many as 16 countries) through many pioneering packaging solutions - from concept to ... More

PEOPLE

Arvind Mathew to take over as Ford India MD — New car to be rolled out by year-end
MR Arvind Mathew, Vice-President - Manufacturing and Supply, Ford India, will take over as Managing Director and President from August 1, as the company readies for the global launch of a new car by the year-end. Mr David E. Friedman, Managing ... More

New VP for Green Park hotel
HYDERABAD: Mr K.V. Madhu Nair, General Manager of Green Park (Hyderabad and Visakhapatnam), has been promoted as Vice-President (Operations) for the Green Park group of hotels. The group also has a hotel in Chennai, a press release said. ... More

TRENDS

AGM & `problem' shareholders — CESC's way of keeping them at safe distance
HOW to avoid facing `problem shareholders' during AGMs? CESC Ltd, the flagship company of the Rs 8,460-crore RPG Group, has found a way to keep them at a distance. The company is holding its 37th annual general meeting on the same day that ITC ... More

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