Financial Daily from THE HINDU group of publications
Saturday, November 26, 2005
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Financial Daily from THE HINDU group of publications Saturday, November 26, 2005 |
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CORPORATE ANNOUNCEMENTS Performance targets approved by DPE task force, says Raha — `OVL need not sign MoU with Ministry' Asked why ONGC was not attending the quarterly performance review held by the Ministry, Mr Raha said December 2 had been fixed to review two quarters together for the current fiscal. More
Haldia Petro: TCG meets Bengal Minister for out-of-court settlement BUYBACK ONGC willing to buy back its equity stake from IOC, GAIL OIL and Natural Gas Corporation (ONGC) today said that it was willing to buyback its equity which is with Indian Oil Corporation (IOC) and GAIL (India) Ltd. ONGC, however, clearly stated that it had no immediate plans to offload the shares it ... More OUTSOURCING 
Rolls-Royce sets up Indian subsidiary — Outsources engg design work to QuESTROLLS-Royce has tied up with Bangalore-based QuEST (Quality Engineering and Software Technologies) to outsource engineering work, which will lead to a savings of 25-30 per cent for the power systems company. At a press conference here on ... More RESTRUCTURING Reliance shareholder challenges demerger scheme AT LEAST one shareholder of Reliance Industries Ltd has challenged the company's demerger scheme, prompting the Bombay High Court to adjourn hearing on the matter by one week and give the dissenting shareholders a hearing. The court has posted ... More MERGERS & ACQUISITIONS Kotak's IGF picks up 10% stake in Paramount Airways THE India Growth Fund from Kotak Mahindra Group has picked up 10 per cent stake in Paramount Airways, the Coimbatore-based low cost carrier, according to reliable sources. Bennett, Coleman & Company Ltd has also picked up a minority ... More CORPORATE GOVERNANCE 
Professionals make a beeline for independent director postsENGINEERS, chartered accountants and graduates from foreign universities seem to be heading the list of professionals vying for independent director slots on the boards of listed companies. A large number of retired civil servants and former ... More
Clause 49 compliance is Govt's problem: Raha NEW PROJECTS OPG Energy plans 77-MW power plant near Chennai OPG Energy Pvt Ltd is putting up a 77 MW coal-fired power project at Gummidipoondi, some 50 km North of Chennai. Chennai-based Shriram EPC Ltd has bagged the EPC contract for the Rs 310-crore project. OPG Energy's parent company, Kanishk Steel ... More OVERSEAS INVESTMENTS Kalyani group to expand overseas THE $1.5-billion Kalyani group, a global manufacturer of auto components is close to becoming the world's largest one forgings company, with the ongoing capacity expansion at its Pune facilities set to be complete by the end of the current ... More TRADE & LABOUR UNIONS MICO Nashik plant workers call off stir In a notice to the Bombay Stock Exchange, MICO said a memorandum of understanding was signed with the workers and the strike has been called off. There are around 3,000 workers at the Nashik factory. Along with Bangalore, the Nashik plant ... More ALLIANCES & JOINT VENTURES Oswal Group ties up with Austria's Hammerle VARDHMAN Polytex, the flagship of Oswal Group, has announced a joint venture with Austria's FM Hammerle (FMH) to set up a Rs 200-crore greenfield yarn dyed shirting (YDS) fabric facility. ``This is a three-pronged tie-up, as per which Hammerle ... More
Bevcon ties up with two Australian cos SICK UNITS Mangalam Timber to go out of BIFR fold soon THE Orissa-based Mangalam Timber Products Ltd, a B.K. Birla Group company, will be out of the BIFR (Board for Industrial & Financial Reconstruction) net shortly. According to Mr G.S. Gupta, Managing Director of Mangalam Timber, the BIFR hearing . More OUTLOOK Ford India aims at doubling turnover in one year DRIVEN by the sales of the entry-level Ikon and the recently-launched Fiesta models, Ford India Pvt Ltd hopes to achieve unit sales of around 50,000 vehicles in the domestic market in calendar year 2006. In 2005, the company hopes to sell ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Nov. 13-Nov. 19 IOC seeks interest on oil pool account arrears Cipla MD favours compulsory licensing sans monopoly Tata Motors to roll out Novus HCV range — Collaboration with Tata Daewoo of South Korea McDowell to raise funds for debt clearance after merger Kingfisher wants to do own due diligence of Air Sahara — `Valuation is too high' Volcker report: Reliance says it paid no surcharge for Iraqi crude |
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