The Hindu Business Line : Tuesday, September 27, 2005

GAIL enters octene-based LLDPE market
GAIL (India) Ltd on Monday said that it has entered the Rs 250-crore domestic octene-based linear low-density polyethylene (LLDPE) market. According to a company statement, GAIL is targeting to capture 15-20 per cent market share in the near ... More

ONGC to continue giving interest-free loans to OVL
OIL and Natural Gas Corporation (ONGC), which was weighing the option of charging nominal interest on the loans provided to its subsidiary, ONGC Videsh Ltd (OVL), has put on hold any such plans for the time being. The company will continue to ... More

Hyundai, Maruti set to hike prices
AUTOMOBILE majors Hyundai Motor India and Maruti Udyog said on Monday that they would be increasing prices of their vehicles later this week. Hyundai would be increasing the prices of its mid-size sedan Accent and the premium hatchback Getz ... More

Gujarat NRE Coke's Australian mine starts production
GUJARAT NRE Coke Ltd has announced that its first Australian mine has begun commercial operations and will dispatch the first consignment of coking coal to India in November. The colliery, being operated by a fully owned subsidiary of Gujarat ... More

Elgi Equipments bags 2 orders
COIMBATORE: Elgi Equipments Ltd has secured orders from two steel plants for supply of centrifugal air compressors valued at Rs 3.2 crore. In a release, the company said EEL would be supplying `Elgi-Samsung' centrifugal air compressors ... More

OVERSEAS BORROWINGS

Shanthi Gears to float FCCB to fund expansion plans
A company source said SGL had invested more than Rs 100 crore in expanding its production capacity. More

INSIGHT

Redefining management in the knowledge era
THE definition of management — that it represents a role separate and disparate from that of the workers, that it is a system focused on functions such as planning, organising, monitoring, and controlling — ... More

ENVIRONMENT

Visaka Ind gets eco clearance for cement sheets project
VISAKA Industries Ltd (VIL) has announced that it has obtained the necessary environmental clearance from the Union Ministry of Environment and Forests for the proposed cement sheets project. The company is currently setting up a corrugated ... More

MERGERS & ACQUISITIONS

Enaleni move to buy Cipla Medpro — Drug supply to South Africa, its neighbours will not be hit: Cipla
CIPLA'S supply of drugs to South Africa and its neighbouring regions will not be derailed by South African drug company Enaleni Pharmaceuticals' decision to buy Cipla Medpro for 1.2 billion rand (Rs 825 crore). Cipla does not have an equity ... More

Vashisti shareholders okay merger with HLL
MUMBAI: Shareholders of Vashisti Detergents Ltd (VDL) approved the resolution for the merger of the company with Hindustan Lever Ltd at a meeting convened by the High Court on Saturday. The motion was approved, as 100 per cent of the ... More

Matrix to acquire 60 pc in China's Mchem — Inks share purchase agreement
MATRIX Laboratories Ltd has entered into a share purchase agreement with the promoters of Mchem group, China, for acquiring a controlling stake of about 60 per cent in the Mchem group. In a press release here on Monday, Matrix said the ... More

India Cements to hike stake in Visaka Cement
ICL Securities Ltd, a wholly owned subsidiary of India Cements Ltd, has entered into an agreement to purchase 4 lakh equity shares of Visaka Cement Industry Ltd from Trishul Investments Pvt Ltd. The shares will be bought at Rs 10.25 a share ... More

NEW PROJECTS

Coal India chief for expediting approval for new projects
THE Chairman of Coal India Ltd, Mr Shashi Kumar, has urged the Union Government to expedite the official clearance process for new coal projects to enable coal companies maximise their production. He said the perceived coal demand-supply ... More

REGULATORY BODIES & RULINGS

AAIFR to hear Dunlop revival scheme on Oct 4
THE next hearing of the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) on finalisation of a revival scheme for the ailing Dunlop India Ltd (DIL) will be held on October 4. The constituted bench of AAIFR will hear the ... More

ALLIANCES & JOINT VENTURES

Indo Asian Fusegear in joint venture with Nordex of Italy
INDO Asian Fusegear Ltd has signed a joint venture with Nordex Lighting of Italy in which the former would own 60 per cent of the equity. The new entity, Indo Nordex, would deal in specialised the outdoor lighting equipment category. Indo ... More

PEOPLE

IOC chief on World LPGas board
NEW DELHI: Mr Sarthak Behuria, Chairman, Indian Oil Corporation Ltd, has been elected to the board of the World LPGas Association as its Vice-President representing the Asia region. The World LPGas Association is a global forum, which ... More

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