The Hindu Business Line : Wednesday, November 16, 2005

Ramco tool for dairy products co
BHOLE Baba Milk Food Industries, the Rs 400-crore Agra-based dairy products company, will implement Ramco Systems' complete process production suite. This includes financials, sales, inventory, purchase, process production, maintenance, human ... More

Ford India prices Fiesta at Rs 5.59 lakh
THE mid-size sedan segment in the country is set to heat up, with Ford India announcing an aggressive pricing for its latest launch in the segment — the Fiesta. The company today announced that the entry-level model of the Fiesta will ... More

Kufner to scale up India operations
CLOTHING interlinings major Kufner has announced plans to scale up India operations by opening a distribution and service subsidiary, warehouses and a small chain of technical studios with Bangalore as the hub. The Germany-based company is ... More

Honeywell Turbo Tech India to make turbochargers
THE Pune-based Honeywell Turbo Technologies India Pvt ltd, a wholly owned subsidiary of the $2.4-billion Honeywell Turbo Technologies, announced on Tuesday that it would start manufacture of a range of turbochargers to cater to the growing demand ... More

Elecon, Tecpro bag Reliance Energy order
ELECON Engineering Company Ltd of Gujarat and Tecpro Systems Pvt Ltd of Chennai will supply the coal handling facility for Reliance Energy Ltd, the EPC contractor for Haryana State Electricity Board's Yamunanagar power plant. The contract, to ... More

OUTSOURCING

Food process outsourcing presents good prospects
SATNAM Overseas Ltd, the company which owns the Kohinoor brand, has set up one of the first "great food factories to the world", according to Mr P.K. Mohapatra, Chairman, FoodPro 2005 — the conference on food processing organised by the ... More

AWARDS & HONOURS

Jain Irrigation bags award for flush filter
MUMBAI: Jain Irrigation Systems Ltd has won the EIMA Technical Innovation 2005 Award for its auto flush filter.

MERGERS & ACQUISITIONS

Kingfisher wants to do own due diligence of Air Sahara — `Valuation is too high'
AIR Sahara's move to sell part of its stake to raise capital has received a jolt with Kingfisher Airline stating that it wants to carry out its own due diligence as it believes that the current valuation is too high. Responding to the ... More

`Indian cos' M&A deals may touch $17 b this fiscal'
FUELLED by banking, pharmaceutical, IT, media and telecom sectors, the mergers and acquisition (M&A) activities in India is estimated to touch the $17-billion mark during the current financial year, according to Assocham. M&A deals worth $7 . More

MGM Group to acquire Aruna Hotel
THE MGM Group, which has interests in logistics, hospitality and theme parks, is all set to acquire Aruna Hotel in Chennai, which belonged to the erstwhile Aruna Sugars. The group also plans to acquire two more three-star properties in the ... More

ALLIANCES & JOINT VENTURES

Bombardier, Gammon India team up for Dubai APM project
THE Canada-headquartered Bombardier Inc, a global manufacturer of transportation solutions, has zeroed in on Gammon India to forge an alliance to bid for the Automated People Mover (APM) project that will be part of the new satellite city coming ... More

OUTLOOK

PowerGrid to invite bids from pvt cos for transmission projects
STATE-owned Power Grid Corporation of India Ltd (PGCIL) is planning to invite bids from private sector companies for executing power transmission projects worth Rs 2,500 crore in the Western region before November-end. The projects were a ... More

Panipat, Haldia refineries to boost IOC margin
INDIAN OIL expects a major boost in its gross refining margin (GRM) beginning 2005-06 primarily from the expanded Panipat and Haldia refineries, which have a combined capacity of over 18 million tonnes. The company also hopes to maintain the ... More

McDowell to raise funds for debt clearance after merger
TO get a better valuation, McDowell has decided to wait till the merger of spirits' companies is completed before raising funds to clear its $250-million debt to ICICI Bank. Such funds will be raised in tranches rather than in one go, a top UB ... More

Geojit expects five-fold rise in client base in 3 yrs
WITH the expected rise in investing population and the growth in the number of its branches and range of services, Geojit Financial Services Ltd expects its trading client-base to grow to 5 lakh in three years from one lakh now. Currently, ... More

Leela Group plans to invest Rs 500 crore in Kerala
THE Leela Group has proposed to invest Rs 500 crore in various business ventures in the State over a period of five years. Of this, Rs 260 crore will be invested in developing IT infrastructure, Mr Venu Krishnan, Executive Director of the ... More

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