Financial Daily from THE HINDU group of publications
Friday, December 09, 2005
Markets (December 08 - 15.30 IST)
BSE Sensex8,906.31(+10.50)
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US Dollar (Buy/Sell)46.21/46.34


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RESEARCH & DEVELOPMENT


Dabur gets first patent for yeast strain
DABUR Research Foundation, part of Dabur Pharma Ltd, has been granted a patent for a strain of yeast, after the Government permitted patenting of micro-organisms in India under the Patents (Second Amendment) Bill, 2002. Speaking to Business ... More

ANNOUNCEMENTS


Tata Motors raises prices of medium, heavy vehicles — Launches sports utility truck
TATA Motors said it has raised prices of medium and heavy commercial vehicles by 2-2.25 per cent on account of rising input costs. The price hike has come into effect from December 1, the company's spokesperson said. Raw material prices have ... More

BHEL declares 40 pc interim
NEW DELHI: The State-owned Bharat Heavy Electricals Ltd (BHEL) on Thursday declared an all-time high interim dividend of 40 per cent for 2005-06, compared to 35 per cent last year. The board of directors has approved the payment of ... More

OSE bags three NHAI projects
NEW DELHI: Oriental Structural Engineers Pvt Ltd (OSE) on Thursday announced it has bagged three road upgradation projects worth around Rs 1,000 crore from the National Highways Authority of India, an OSE release said. The sections near ... More

JK Paper plans to raise funds
NEW DELHI: JK Paper Ltd has informed the Bombay Stock Exchange on Thursday that it plans to raise Rs 170 crore in the aggregate including premium, by way of partly, wholly or by a combination of equity shares or preference shares or ... More

COURTS/LEGAL ISSUES


Suzuki sues 10 Indian cos for illegal use of brand name
SUZUKI Motor Corporation, Japan, has filed suits in the Delhi High Court against 10 companies using the word `SUZUKI' as trademark/part of their corporate names. These companies are in various businesses such as finance, textile manufacture, ... More

ENVIRONMENT


`Cos must report social, green activities in balance sheet'
ENVIRONMENTAL and social welfare activities of companies should be reported along with other financial reports, according to Mr Kishore A. Chaukar, Managing Director, Tata Industries Ltd. "We should start putting it in the balance-sheet," he ... More

CORPORATE BONDS


Adlabs bond issue
MUMBAI: Adlabs Films Ltd raised 85 million euros (Rs 460 crore) through a five-year foreign currency convertible bond issue. The bonds will be converted to equity at a 50 per cent premium to the company's shares closing price on ... More

NEW PROJECTS


BMW looking to source components from India — Signs pact with TN for CKD plant
BMW, the German premium car manufacturer, is looking at sourcing components from India for its global operations. The company interacted with the component manufacturers' association at the beginning of August and association representatives have ... More

M&M inaugurates Haridwar 3-wheeler plant
MAHINDRA & Mahindra today inaugurated its automotive plant for three-wheelers here. The company plans to make 50,000 three-wheelers a year at the unit starting early 2007 and said it may set up another plant in Uttaranchal for commercial ... More

Speed - a point in TN's favour
ONE of the factors that weighed in Tamil Nadu's favour when BMW was exploring locations to set up a plant to assemble its premium sedans in the country was the speed at which the official machinery acted. A point that Mr Klaus Berning, ... More

ALLIANCES & JOINT VENTURES


Bharat Forge ties up with FAW Corp to enter China
BHARAT Forge Ltd (BFL) on Thursday announced that it has signed a joint venture contract with FAW Corporation for its forging business to make an entry into the Chinese forgings market. BFL is to hold 52 per cent stake in the company, which is ... More

GAIL inks pact with Norwegian co for natural gas hydrate storage tech
GAIL (India) Ltd has signed a memorandum of cooperation (MoC) with Natural Gas Hydrate (NGH) AS of Norway for developing and commercialising the synthetic natural gas hydrate storage and transportation technology. In a statement issued here on ... More

SOCIETY & DEVELOPMENT


AP Paper Mills launches mobile medical van
HYDERABAD: Andhra Pradesh Paper Mills Ltd (APPM) has launched a mobile medical van to treat people in the rural areas of East Godavari, Visakhapatnam and Srikakulam districts. The service was inaugurated by Mr R.C. Mall, Executive Director ... More

DIVERSIFICATION


Provogue steps into footwear business
PROVOGUE India Pvt Ltd has announced its entry into the footwear segment. The apparel company has entered into an exclusive licensee arrangement with M&B Footwear (Pvt), one of India's leading shoe manufacturers. As per the agreement, M&B wi More

OUTLOOK


Middle class will drive the small car market: Ratan Tata
BILLED as the Rs 1-lakh car for the Indian masses, the Tata group sees huge potential for its small car venture. Talking about the project's relevance to India's rapidly growing middle class, Mr Ratan Tata told McKinsey Quarterly in an ... More

Mahindra eyes overseas, domestic acquisitions
UTILITY and commercial vehicle-maker Mahindra & Mahindra today said it was in the process of acquiring companies in India and overseas to expand its auto components business. "Three acquisitions are under way," the M&M Vice-Chairman and ... More

Lupin looking for overseas acquisitions
FRESH overseas acquisitions and marketing alliances with technology-driven pharmaceutical companies in the US and Europe, apart from initiatives to tap the growing clinical trials market in India, form part of the expansion programme charted out ... More

Bamboo Corp hopes to pare losses this fiscal
The increase in revenues is mainly due to the growing demand for Bambooply, which can be used as a substitute for plywood. More


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Top Stories
Centre tries hi-tech initiative to monitor power stations


BMW looking to source components from India — Signs pact with TN for CKD plant

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In Focus

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FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Nov. 27-Dec. 3
LMW to expand through buys

Tatas set to pick 74 pc stake in Maithon Power

Hyundai Motor India flags off first shipment to UK

Great Eastern handed over to Bharat Hotels chain

ONGC appoints consultants for due diligence of SPIC Petro

Toyota offers 1% interest on loans for Innova buyers

BG India, ONGC to operate 3 offshore deepwater blocks



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