Financial Daily from THE HINDU group of publications
Saturday, December 24, 2005
Markets (December 23)
BSE Sensex9256.91(-115.39)
S&P CNX Nifty2804.85 (-30.40)
US Dollar (Buy/Sell)45.11/45.24


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CORPORATE

ANNOUNCEMENTS


ONGC to pay Rs 25 interim dividend — Govt share amounts to Rs 2,642 cr
THE board of Oil & Natural Gas Corporation Ltd (ONGC) today declared an interim dividend of 250 per cent (Rs 25 per share) for 2005-06. This was 50 per cent higher compared to the interim dividend of last fiscal (2004-05). According to the ... More

Tata Daewoo's new truck range debuts in S. Korea
TATA Daewoo Commercial Vehicle Company Ltd (TDCV), the 100 per cent subsidiary of Tata Motors, today unveiled the Novus range of medium-sized trucks in South Korea. The company, which is South Korea's second biggest commercial vehicles ... More

Aurobindo gets USFDA approval for Stavudine
AUROBINDO Pharma Ltd has announced that the USFDA has granted tentative approval for Stavudine oral solution of one mg. The company in a statement said that this product will now be available for consideration for purchase under the President's ... More

Ford to raise prices 2.5% from mid-Jan
FORD India said it would increase prices across models from the middle of January 2006. This price hike has been necessitated by continuous increase in input costs and logistics, Mr Arvind Mathew, Managing Director and President, Ford India Pvt ... More

Suryalakshmi Cotton gets IDBI term loan
SURYALAKSHMI Cotton Mills Ltd has informed the BSE that Industrial Development Bank of India has sanctioned a rupee term loan of Rs 70 crore under technology upgradation fund scheme. The loan is to part-finance the creation of additional ... More

OPEN OFFERS


SEBI exempts Tata Ind from making open offer
SEBI has exempted Tata Industries Ltd from making a public open offer in its "indirect" acquisition of India Emerging Companies Investment Ltd, by buying the 50 per cent stake of Niskalp Invesment & Trading Company Ltd. Niskalp holds 70.50 per .. More

CORPORATE DISPUTES


NTPC, Reliance case adjourned to Jan 30
Lawyers from both sides attempted to arrive at some amicable solution. More

RESTRUCTURING


Reliance F&O: NSE cancels Jan 17 trading, fixes Jan 18 as ex-date to adjust de-merger
NSE has decided to cancel trading on Reliance Industries' futures and options on January 17, 2006 and issue fresh contracts from January 18 to adjust for de-merger of the company. The exchange has also fixed January 18 as the ex-date to ... More

MERGERS & ACQUISITIONS


Tata Chem buys 63 pc stake in Brunner for Rs 508 cr
The total soda ash production capacity of the combined entity will now be close to three million tonnes per annum More

NEW PROJECTS


IndianOil diesel unit at Panipat on stream
The unit would enable the refinery to maximise production of diesel conforming to EURO-III norms. More

ALLIANCES & JOINT VENTURES


Hetero Drugs secures Roche sub-licence for Tamiflu — Arrangement offers scope for huge capacities
Hetero has committed to delivering one million capsules of Oseltamivir to the Indian Government by January 15, 2006 and expects to fulfil orders for least developed and developing countries from January 2006. More

EVENTS


`Low labour cost factor won't last long'
THE low labour cost factor, which has spurred the growth in IT/BPO and manufacturing sectors in India, will not last long, according to Mr K.R.A. Nair, Executive Director - Development, Lucas TVS. Speaking to the press at the inauguration of ... More

SOCIETY & DEVELOPMENT


CSR time
Titan Industries is keen to go beyond mere compliance. More

OUTLOOK


ONGC proposes Rs 800-cr investment to double Assam production
ONGC has drawn up a Rs 800-crore investment plan to double crude oil production in Assam to 2.4 million tonnes in three years. Production from India's oldest oil producing region has been a little over one million tonnes during the last few ... More
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In Depth

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Looking back
Dec. 11-Dec. 17
Bajaj plans fresh bike, scooter rollouts in 2006

52 MoUs for mining, but none cleared

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Kirloskars cannot hike stake in Toyota Kirloskar beyond 11% — Original share buyback deal renegotiated

Nokia to set up global network solution centre in Chennai


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