Financial Daily from THE HINDU group of publications
Thursday, November 17, 2005
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CORPORATE

ANNOUNCEMENTS


Ratnagiri oil field production by 2006-end: Essar
ESSAR Oil Ltd (EOL) plans to start production from Ratnagiri oil field from next year-end. A company official said it was expected that there would soon be an agreement with the Government for starting production from the oil field. Essar Oil ... More

Volcker report: Reliance says it paid no surcharge for Iraqi crude
RELIANCE Industries Ltd (RIL) on Wednesday said the Volcker Committee report had stated that no payment of any surcharge was paid or committed to anybody by the company. In respect of allocations by State Oil Marketing Organization (SOMO) of ... More

OVERSEAS BORROWINGS


Shanthi Gears mops up $15 m through FCCBs
THE Coimbatore-based industrial gear manufacturer Shanthi Gears Ltd has raised $15 million through a Foreign Currency Convertible Bond (FCCB) issue to fund its investment plans. The company has informed the NSE that the FCCB issue was closed ... More

AWARDS & HONOURS


HLL Tatapuram unit bags TPM award
KOCHI: Hindustan Lever Ltd's soaps unit at Tatapuram here has been accredited with the coveted TPM Excellence award, becoming the first manufacturing unit in Kerala to be presented with this award. A team of auditors from Japan ... More

COAL


Dubai co leads in importing coal to India
The company, having notched up an annual turnover of Rs 1,300 crore in 2004-05, expects sales to touch Rs 1,500 crore in the current fiscal. More

HUMAN RESOURCES


Hindustan Paper Corpn staff take pledge to provide better services
EMPLOYEES of the State-owned Hindustan Paper Corporation (HPC) have pledged to bring about integrity and transparency in the corporation and provide value-based service. The pledge was taken during a programme on vigilance awareness in the ... More

MERGERS & ACQUISITIONS


Venkateshwara Hatcheries in race for Haffkine Bio-Pharma
ON the Maharashtra Government's radar for disinvestment, Haffkine Bio-Pharmaceutical Corporation Ltd (HBCL) is scouting for a strategic partner and Pune-based Venkateshwara Hatcheries (VH) Group is in the reckoning. The estimated Rs ... More

HPCL in talks with Shell for stake in Hazira terminal
Indications are that Shell is unlikely to offload more than 25 per cent since its own equity will then fall to less than 51 per cent. More

GVK Hydel to buy Tata Power stake in Alaknanda Hydro
TATA Power Company Ltd has announced that GVK Hydel, a GVK Group Company has entered into a Share Purchase Agreement with the company to buy its entire shareholding in Alaknanda Hydro Power Company Ltd (AHPC). The company has received Rs 3.12 ... More

Bengal to sell 90 pc stake in Great Eastern Hotel to Bharat Hotels
THE Government of West Bengal has decided to sell 90 per cent of its equity stake in Great Eastern Hotel to Bharat Hotels Ltd owned by Mr Lalit Suri. This was stated here today by the West Bengal Minister for Industries, Mr Nirupam Sen. Mr Sen ... More

NEW PROJECTS


Cobra Beer plans to set up second facility in Maharashtra
COBRA Beer, owned and managed by Mr Karan Billiomoria, is planning to set up a second greenfield brewery in the country in Maharashtra to exclusively cater to the southern region. The company has a technical collaboration with Mount Shivalik ... More

Posco to submit feasibility report on proposed steel plant
POHANG Steel Company (Posco) will submit its feasibility report for its proposed 12 million tonnes per annum (mtpa) greenfield steel plant in Orissa. It has set up several support groups for facilitating the works, according to a company ... More

Triveni Engg to set up sugar plants in Western UP
TRIVENI Engineering & Industries plans to shore up its sugar production capacity by setting up two greenfield factories in western Uttar Pradesh. The company, which is already among the country's largest sugar producers, has a total crushing ... More

TRADE & LABOUR UNIONS


Mico's Nashik plant workers strike work
THE workers at the Nashik plant of Mico (Motor Industries Ltd), which produces common rail injection system have struck work on the issue of wage revision. A company official told Business Line that the workers had gone on strike since ... More

ALLIANCES & JOINT VENTURES


GAIL, HPCL in pact for E&P, city gas projects
FOR pursuing exploration and production (E&P) opportunities in India and overseas, GAIL (India) Ltd and Hindustan Petroleum Corporation Ltd (HPCL) on Wednesday inked a memorandum of understanding (MoU). The two state-owned companies also ... More

Biocon ties up with US co for nasal insulin spray
BIOCON Ltd has tied up with US-based Bentley Pharmaceuticals for co-development of an intra-nasal insulin spray. It will also supply the drug for the product and take up joint regional marketing of the same.. Bioconis currently working on an ... More

INTERVIEW


NRB Bearings expects growth in export, domestic markets to continue
NRB Bearings promoters have bought a 26 per cent stake from Timkens France at Rs 230 per share. The President of NRB Bearings, Ms Harshbeena Zaveri, said that the company has seen a great deal of growth in the Indian market, as well as in ... More

RIGHTS ISSUE


Sical to raise Rs 250 cr
THE Board of Directors of South India Corporation (Agencies) Ltd (Sical) on Wednesday decided to raise Rs 250 crore through a rights or a rights-cum-public issue of shares. Funds thus raised are to be used for retiring a portion of the ... More

OUTLOOK


Bannari Amman's granite unit sees 3-fold rise in exports
BANNARI Amman Sugars - Granite Division is anticipating a three-fold increase in container load despatches within the next six months. The division has been shipping 20 containers of granite monuments and slabs every month to the UK and the ... More

PEOPLE


L.M. Thapar - 75 and still willing to learn
WITH over seven decades of life experience behind him, Mr Lalit Mohan Thapar is still willing to learn, experiment, and above all, live life to the full. The Chairman of Ballarpur Industries Ltd (BILT), who celebrated his 75th birthday last ... More
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Top Stories
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In Focus

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In Depth

Gender Justice
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Looking back
Nov. 6-Nov. 12
Ma Foi to convert quarterly employment survey to half-yearly

Balrampur Chini to buy Dhampur Sugar unit for Rs 182 cr

Nissan starts outsourcing non-core work to India

BILT to set up stationery outlets — To leverage retail brands Matrix, Royal Executive Bond

Manufacturing cos scouting for acquisitions overseas

Dip in crude prices, oil bonds may help oil cos post profits


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