The Hindu Business Line : Saturday, August 27, 2005

Siemens wins 2 GSM-R contracts from Railways
INDIAN Railways has awarded two additional GSM-R (Global Systems for Mobile Communications-Railways) contracts to the Siemens Communications Group. With this, Siemens will equip 2,200 kilometres of the rail network with GSM-R technology. Both ... More

Talbros Automotive public issue opens on Sept 1
TALBROS Automotive Components Ltd is entering the capital market on September 1, with a public issue of equity shares of Rs 10 each through the book building process, aggregating Rs 50 crore. The issue closes on September 9. Promoters' ... More

Shree Rama Multi-Tech plans to challenge Tetrapak monopoly
SHREE Rama Multi-Tech Ltd, an Ahmedabad-based packaging solutions provider, aims to challenge the monopoly of Tetrapak by launching a product that can keep liquid foods fresh for nearly 10 days. The company also claims to have the technology to ... More

Micro Labs to market LG eye drug
BANGALORE: Micro Labs Ltd has announced that it has entered into an exclusive marketing agreement with LG Life Sciences of South Korea to market LG Hyal 2000 ophthalmic injections in India. The formulation is used to minimise ... More

Funding Enercon project
MUMBAI: IL&FS Investmart has raised Rs 488.6-crore term loan for a wind farm project of Enercon India. A consortium of seven banks and institutions led by Punjab National Bank extended the requisite financing, IL&FS Investmart said in a ... More

BUYBACK

L&T gets `in-principle' nod for share buyback
LARSEN & Toubro today obtained an in-principle approval from its shareholders to buy back its own shares and securities. The company gave no specific reason, size or time frame for its possible buyback programme. "It is just an enabling ... More

OVERSEAS BORROWINGS

Eveready Ind plans $40-m GDR issue
EVEREADY Industries India Ltd, the flagship company of the BM Khaitan Group, is looking for a Luxembourg listing of its proposed $40 million GDR (global depository receipts) issue. ICICI Securities will be the merchant banker and the issue is ... More

IVRCL Infra plans GDR issue
HYDERABAD: IVRCL Infrastructures & Projects Ltd plans to raise up to $140 million through global depository receipts (GDRs). The company has informed the Bombay Stock Exchange that the company's board has decided to seek the consent of ... More

RESTRUCTURING

Essar Oil to hive off E&P biz into wholly-owned arm
ESSAR Oil Ltd has decided to hive off its exploration and production (E&P) business into a wholly owned subsidiary. A decision to this effect was taken by the company's board of directors, subject to various approvals required for the purpose, . More

MERGERS & ACQUISITIONS

With Sumitomo hiking stake to 41% — Swaraj Mazda likely to add more vehicles
The company's first launch in the medium and HCV segment will be branded as `Swaraj Isuzu'. More

NEW PROJECTS

Expansion plans flare up Rathi Udyog
The stock has posted a gain of 260.30 per cent in the last one month despite today's loss of around 10 per cent. It closed at Rs 217 on the BSE with a traded quantity of 4.06 lakh shares. According to market sources, prime reason for such an ... More

IOC may get equity oil in Nigeria
This is in return for the company's proposal to set up a greenfield refinery in Nigeria's Edo state. A decision on the issue is expected in a couple of weeks. The proposed refinery will be the first such investment on the part of IOC outside the ... More

Ammana Bio sets up unit to make ethanol from sorghum
ETHANOL supplier Ammana Bio Pharma Ltd has set up what it claims to be the country's first unit to derive ethanol from the grain crop sorghum (Sorghum bicolour), the sweet variety of which is used mainly as livestock fodder. The Executive ... More

ALLIANCES & JOINT VENTURES

BHEL to get tech for 800-MW thermal sets from foreign co
BHARAT Heavy Electricals Ltd (BHEL) will be tying up with a foreign company for technology for 800-MW boiler and turbine. Till now the company has technology for up to 600 MW. Informed sources said the company had been conducting final ... More

Genesis Colors to bring in fashion garments brand Sanjana Jon
THE Sanjana Jon label of fashion garments would be available in the country, with the brand tying up with Genesis Colors Pvt Ltd - the holding company of designer label Satya Paul. Under the arrangement, Genesis would own and manage the ... More

Aitken Spence of Sri Lanka to start operations in India
THE hotels division of Sri Lankan conglomerate, Aitken Spence and Company Ltd, is set to start operations in India. Aitken Spence is entering into a partnership with Kerala-based hotel company Floatels India Pvt Ltd and Malaysia's Westport to ... More

DIVERSIFICATION

Emami diversifying into jatropha cultivation
The company is looking at acquiring foreign brands or entering into arrangements with foreign brands in the personal and healthcare sectors. More

STANDARDS & BENCHMARKS

ISO for marriage bureau
HYDERABAD: Kakateeya Marriages Pvt Ltd has become the first such bureau in the country to get an ISO 9001:2000 for implementing standard systems and quality services. The Hyderabad-based company performed about 20,000 marriages in over ... More

OUTLOOK

IOC eyeing cross-country pipeline projects in Turkey
HAVING bid to acquire a 51-per cent stake in the state-run Tupras refinery in Turkey, Indian Oil Corporation is keeping a close watch on the emerging opportunities for participation in cross-country pipeline projects in Turkey. Company sources ... More

Royal Enfield eyes defence market
ROYAL Enfield, which manufactures the high-end `Bullet' motorcycles, expects to participate in the growing Defence market — both Indian and overseas. While the current year's domestic `institutional sales' is expected to go up to 2,000 ... More

LG Electronics to make Pune facility a hub for exports
Mr Bhatia said trends indicated that black and white mobile handsets, like television sets some time ago, were on their way out. More

Birla Corp plans cement expansion
BIRLA Corporation Ltd, the flagship company of the M.P. Birla group, has taken an in-principle decision to expand its cement capacity by 1.5 million tonnes per annum. This was announced by Mr Rajendra Singh Lodha, who chaired the company's 85th ... More

PEOPLE

Hero Honda ED Sobti quits
NEW DELHI: After seven-and-half years of association with the country's largest bike maker Hero Honda Motors Ltd, Mr Atul Sobti, the company's Executive Director (business operations), has resigned from the company. Confirming his ... More

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