The Hindu Business Line : Monday, December 12, 2005

Cross-holding in IOC, GAIL — ONGC drops buyback plan, may divest stake in market
THE issue of unlocking of cross-holdings among three major oil PSUs — ONGC, GAIL and Indian Oil is fast reaching a new turn. According to highly-placed sources, ONGC has not only dropped its plan for buyback of shares from IOC and GAIL, ... More

AWARDS & HONOURS

Imperial Hotel bags World Travel award
THE Imperial Hotel has been awarded the World Travel Award for being the `Leading hotel in India for 2005'. The recognition was conferred upon the hotel at the gala awards ceremony in London. Mr Pierre Jochem, Vice-President and General ... More

NEW PROJECTS

New Sahyadri to make steel doors with Korean tie-up
THE Rs 125-crore New Sahyadri Industries Ltd, manufacturer of cement roofing sheets, will invest Rs 25-30 crore to set up a manufacturing plant to produce galvanised steel anti-theft doors in collaboration with a South Korean firm. The company ... More

ALLIANCES & JOINT VENTURES

Employer branding has arrived — PCI ties up with UK-based firm
THE Bangalore-based Performance Consulting International (PCI) has tied up with the UK-based People in Business to offer employer branding services in the country. One of the key reasons companies look for employer branding is because they have ... More

Madhucon inks pact for Kukatpally project
HYDERABAD: Madhucon Projects Ltd has announced that it has signed an agreement with the Andhra Pradesh State Housing Board for developing a housing-cum-commercial project on 9.04 acres at Kukatpally. In a release, the company said that ... More

Worbus brokers deal between US co, Shree Ganesh
WORBUS Management Consultants Ltd, the Indian division of Global Mergers and Acquisitions Company, has recently facilitated a joint venture between American precision metal parts conglomerate, Humanetics and the Pune-based `machined parts' ... More

OUTLOOK

ONGC chalks out Rs 1 lakh-crore investment plan
ONGC has drawn up a mammoth Rs 1,00,000-crore investment plan in India and abroad in the next five years. This is a marked difference from the company's earlier practice of finalising annual capital expenditure plans. The decision has ... More

Kinetic group pins hopes on scooters for turnaround
The group is also betting big on the auto component business in which group companies including ZF Steering have been very active. More

Volvo hopes to sell 400 buses this year
VOLVO expects to close the year with sales of over 400 buses in India. Volvo's bus division Vice-President, Mr Akash Passey, told Business Line that the company has bagged its first order for intra-city buses from the Bangalore ... More

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