The Hindu Business Line : Tuesday, November 15, 2005

Radio Mirchi to tap capital market
ENTERTAINMENT Network (India) Ltd (ENIL), promoted by Bennet Coleman & Company Ltd, is entering the capital market to offer 120 lakh shares of Rs 10 each with a green shoe option of 12 lakh shares. The issue is through a book building process. . More

Tata Motors to roll out Novus HCV range — Collaboration with Tata Daewoo of South Korea
TATA Motors Ltd will incur a capital expenditure of Rs 6,000 crore in the next five years, according to Mr Ravi Kant, Managing Director of Tata Motors Ltd. He was speaking to newspersons here today after the inauguration of the company's ... More

CORPORATE DISPUTES

`Escorts sale tussle has not hit business'
THE legal spat between the two Nanda brothers - Rajan and Anil — on the sale of the Escorts Heart Institute and Research Centre (EHIRC) and the subsequent land ownership controversy with the Delhi Development Authority (DDA) may have ... More

NEW PROJECTS

Vestas RRB's new facility near Chennai
VESTAS RRB India Pvt Ltd today laid the foundation stone for a facility to manufacture blades for its wind turbines. The facility, being set up with an initial investment of Rs 35 crore, will begin production in six months and is coming up at ... More

Deepak Fertilizer rises on new project proposal
SHARES of Deepak Fertilizer and Petrochemical rose on Monday on the news that its proposed chemical project would become operational early next year. The company is setting up a 70,000-tonne isopropyl alcohol project with an investment of Rs ... More

HBL Nife plans three new battery units
HBL Nife Power Systems Ltd, the Hyderabad-based manufacturer of specialised batteries and electronics, has announced a major expansion programme involving enhancement of capacities at the existing facilities and also setting up of three new ... More

Lockheed Martin in race for sale of F-16s to IAF
IN an effort to further establish a long-lasting relationship with the Indian defence forces and industry, the US company Lockheed Martin opened its new corporate office here on Monday. "The growing Indo-US strategic partnership provides great ... More

DIVERSIFICATION

Liberty group to diversify into housing development
THE Liberty Group plans to diversify into other businesses apart from shoes, which it has been manufacturing since 1993. On the sidelines of the inauguration of its sanitaryware (Liberty Whiteware) plant in Neemrana in Rajasthan, Mr Adesh ... More

SICK UNITS

Restile allots 14.7-lakh shares to Asia Pacific
HYDERABAD: Restile Ceramics Ltd (RCL) has informed the stock exchanges that pursuant to the order of the Board for Industrial and Financial Reconstruction (BIFR), the board of directors has allotted 14.7-lakh equity shares of Rs 10 each to ... More

OUTLOOK

Carbon trading: Cos may not see big money now
INDIAN companies hoping to make big money through carbon trading are unlikely to get the monetary benefits immediately. This is because the carbon credit buyers normally pay the seller when the credits are delivered into the buyer country's ... More

ONGC to seek cut in subsidy burden — To avoid negative impact on profitability
EXPLORATION and production major, ONGC, is expecting a reduction in its subsidy burden beginning third quarter to beat the negative impact on its profitability due to reduction in crude prices. Crude oil prices for December delivery registered ... More

Philips CEO sees India as engine of growth
CONSUMER Electronics major, Royal Philips Electronics sees India as an engine of growth for the company, the CEO of the company, Mr Gerard Kleisterlee, said here today. "India has the potential to become a test bed for developing solutions that ... More

Overseas business to contribute 35% of Tata Group revenues by 2010
TATA Group expects revenues from international business to contribute 35 per cent of its total turnover by 2010. Currently, overseas business, which is growing by 37 per cent annually, accounts for 25 per cent of the group's revenues of $18.2 ... More

Cipla MD favours compulsory licensing sans monopoly
"Nobody can stop me from manufacturing or storing the drug in the warehouse." More