The Hindu Business Line : Wednesday, November 30, 2005

Global Reach sets up centre in Hyderabad
OVERSEAS educational consultant, Global Reach has made its foray in the South by launching a centre in Hyderabad today. Focussed on providing counselling to students going to Australia, New Zealand and UK, Global Reach has sent over 1,000 ... More

UB Group to raise $400 m to acquire aircraft, retire debts
THE UB Group plans to raise over $400 million during 2006 to fund its airline's aircraft acquisition plan and retire debt in United Spirits, the Chairman and Managing Director, Mr Vijay Mallya, said here on Tuesday. While about $200 million ... More

Bannari Amman to set up incubator for biotech cos
COIMBATORE: Bannari Amman Institute of Technology (BIT) is planning to set up a technology incubator for biotechnology ventures within its campus. The engineering institute promoted by the Bannari Amman group has estimated the total ... More

Ambuja Cement Eastern deregistered from BIFR
AMBUJA Cement Eastern Ltd (ACEL), which was formerly Modi Cement Ltd, has turned around. It has been deregistered from the BIFR (Board for Industrial and Financial Reconstruction) and is now planning fresh clinker and grinding ... More

COMPANY LAW

Over 3 lakh cos default in filing returns: Gupta
AS per available records, 3,03,107 companies out of 6,41,512 registered under the Companies Act were found to be defaulting in filing statutory returns with the Registrar of Companies (RoCs) during 2003-2004, the Minister of State (Independent ... More

AWARDS & HONOURS

Sri Biotech gets DSIR award
SRI BIOTECH has won the national award from the Department of Scientific and Industrial Research, for research & development contributions in the field of biotechnology. Addressing newspersons here on Monday, its Chief Executive Officer, Dr ... More

MERGERS & ACQUISITIONS

Sun Pharma bids for US co Able Labs' assets
SUN Pharmaceutical Industries Ltd has bid for the assets of US-based Able Laboratories Ltd. According to a filing by Able to the Securities and Exchange Commission, Sun Pharma will pay $23.15 million for the assets, which were auctioned ... More

IBP firm on current swap ratio for merger with IOC
IBP Co Ltd, which has taken the worst hit for selling petroleum products below cost, is optimistic about completing its merger procedure with Indian Oil Corporation Ltd (IndianOil) by March 2006. IndianOil and IBP expect to make a presentation ... More

Tatas set to pick 74 pc stake in Maithon Power
AFTER more than two years since initiating talks with Damodar Valley Corporation (DVC) for participation in Maithon Power Ltd (MPL), Tata Power Ltd is finally set to pick up 74 per cent stake in the joint venture on Wednesday. With this, the ... More

Burmans pick up 11 pc stake in Punjab Tractors
THE Delhi-based Burman family, which owns the Dabur Group of companies, has picked up about 11 per cent stake in Punjab Tractors. Sources close to the company term the decision to pick up stake in the tractor firm as purely an investment-led ... More

Randstad Holding to acquire EmmayHR
RANDSTAD Holding NV, a Netherlands-based employment company, has announced that it has entered into an agreement to acquire 51 per cent of the holding of EmmayHR, an Indian recruitment firm. Randstad is also expected to purchase the remaining ... More

CORPORATE GOVERNANCE

NSE introduces corporate governance course
THE National Stock Exchange is the latest entity to be taken up with the corporate governance mantra. The NSE's Certification in Financial Markets (NCFM), which conducts online tests on skills required to operate in the financial markets, has ... More

NEW PROJECTS

Air Liquide to set up $20-m unit at Roorkee
AIR Liquide India, a subsidiary of France-based Air Liquide, on Tuesday announced plans to set up a $20 million air separation plant at Roorkee in Uttaranchal. The plant would provide nitrogen to Asahi India Glass Ltd (AIGL) facility in ... More

Cobra Beer planning $10-m brewery
COBRA Beer Ltd will launch its strong lager beer brand, King Cobra, in India by March 2006. The $150-million company is also firming up plans to set up a $10-million `greenfield' brewery in the country. The company, which launched its premium ... More

Schwing Stetter plans Rs 25-cr plant near Chennai
READY-mix concrete maker Schwing Stetter plans to make India a sourcing hub for some of its products and will set up a Rs 25-crore facility near Chennai. The Schwing Stetter Managing Director, Mr Anand Sundaresan, said at a news conference on ... More

OUTLOOK

LMW to expand through buys
LAKSHMI Machine Works (LMW) is looking at the inorganic route to grow and build capacities. The growing demand for textile machinery, long delivery schedule and the urge to retain its clientele, besides wooing prospective ones, have all ... More

PERFORMANCE

Tata Motors Daewoo market share in South Korea up 4%
TATA Motors said on Tuesday that following the takeover of Daewoo's commercial vehicle business, its market share in South Korea had increased 4 per cent to 30 per cent since it started operations over a year ago. An official said Tata Motors ... More

PEOPLE

Bansal takes over as IOC Director (Planning)
MR B.M. Bansal has taken over as Director (Planning & Business Development) of Indian Oil Corporation Ltd, a company statement said. He was earlier on the board of IndianOil as its Director (Research and Development). ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Top Stories
Pawar elected BCCI chief

LMW to expand through buys

Canara Bank open to M&As

Telecom users to bear USO burden for another 5 years

Infrastructure growth slows in Oct

After H1 bull run, rice exports may slacken

Govt plans to decontrol fertiliser prices; may start with SSP

Tatas set to pick 74 pc stake in Maithon Power

Mumbai port plans steep hike in charges