The Hindu Business Line : Tuesday, August 23, 2005

Calm after the storm
An unusual serenity prevails near the Coca-Cola plant at Plachimada in Palakkad district. The Kerala State Pollution Control Board has ordered the closure of the plant on the grounds of environmental pollution. The villagers have been agitating ... More

ANNOUNCEMENTS

Gulf Oil to hike authorised capital
HYDERABAD: Gulf Oil Corporation Ltd has informed the BSE that the members have approved alteration in article of association of the company for increase in authorised share capital from Rs 15,00,00,000 divided into 1,50,00,000 equity ... More

Nagarjuna Constn bags Rs 414-cr orders
HYDERABAD: Nagarjuna Construction Company Ltd has announced that it has secured two new major orders aggregating Rs 414 crore from NHAI (Rs 266 crore) for construction on NH-28 from Lucknow to Muzaffarpur in Uttar Pradesh and for Rural ... More

Blue Star, FCE pact

OVERSEAS BORROWINGS

SpiceJet plans Rs 400-cr FCCB issue to acquire 20 Boeing — No change in ownership structure: Chairman
During the first three months of operations, the airline has been recording profits as it has been able to "fully recover" its variable costs. More

RESTRUCTURING

Sutlej Ind to transfer all textile activities into wholly-owned arm
THE Rs 525-crore Sutlej Industries Ltd, a member of the K.K. Birla Group of companies, has decided to transfer all its textile activities into a wholly owned subsidiary, which has been named Sutlej Textiles and Industries Ltd. This decision was ... More

MERGERS & ACQUISITIONS

ONGC-Mittal combine loses bid for PetroKazkhstan — China's CNPC clinches deal for $4.18b
IN a narrow miss, Oil and Natural Gas Corporation Ltd (ONGC) and the L.N. Mittal group (LNM) combine has lost the bid to acquire the Canada-based PetroKazakhstan Inc to the Chinese company, China National Petroleum Corporation (CNPC). ... More

GAIL in talks for equity participation in Chinese cos for CNG projects
GAIL (India) Ltd is pursuing equity participation in Beijing Gas Company and Beijing Jianggang Gas for implementation of compressed natural gas (CNG) projects in Beijing. After bringing down vehicular pollution levels significantly through its ... More

NEW PROJECTS

TI to invest Rs 120 cr in capacity expansion — Seeks Korean tech for door frames
TUBE Investments of India proposes to invest Rs 120 crore in expanding capacity of its tubes business. This comes on the heels of a Rs 12-crore investment in R&D for adopting the `dual phasing' technology for tubular applications and further ... More

TNPL to step up production of branded copier paper
TAMIL Nadu Newsprint and Papers Ltd (TNPL) plans to step up production of branded copier paper next year in line with its plans to focus on high-value segment. Addressing the company's annual general meeting, Mr S. Ramasundaram, Chairman and ... More

ALLIANCES & JOINT VENTURES

Sujana ties up with Bajaj Electricals
SUJANA Universal Industries, a Rs 800-crore Hyderabad based company, has signed up with Bajaj Electricals Ltd recently as an original equipment manufacturer. In a press release, Mr K. Gopi, Chief Executive Officer of Sujana, said the pact would ... More

Paharpur software park in pact with German centre for biotech co-operation
FRANKFURT Biotechnology Innovation Center (FIZ) today signed an MoU with the Delhi-based Paharpur Business Centre & Software Technology Incubator Park (PBCTM-STIP), under which the two companies have agreed to pursue business development exchange More

OUTLOOK

Maruti plans `Next Leap' to improve productivity
MARUTI Udyog Ltd plans to introduce a new cost-cutting programme to improve productivity. "After a 46 per cent improvement in productivity in the last three years, we are now preparing for further efficiency in in-house manufacturing operations ... More

JCBL hopes to sell 100 luxury buses a year
THE Chandigarh-based JCBL Ltd, which claims to be the largest bus building company in India, aims to sell at least 100 high-end luxury buses each year. The company has a tie-up with King Long, a Chinese company, to produce luxury buses in ... More

PERFORMANCE

IOC posts cash loss in July; Aug to be no different
INDIAN Oil Corporation Ltd, which became the first Indian company to cross a turnover of Rs 1,50,000 crore in 2004-05, has posted cash loss for the first time. IOC has returned a cash loss of Rs 400 crore in July, and subsidiary IBP Co Ltd's loss ... More

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