The Hindu Business Line : Tuesday, January 03, 2006

BHEL gets Rs 800-cr order from Nalco for captive power plant
STATE-owned Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 800-crore order from National Aluminium Company Ltd (Nalco) for setting up two power generating units of 120 MW each to expand Nalco's existing 960-MW captive power plant in Orissa. ... More

OVERSEAS BORROWINGS

Videocon plans mega FCCB issue to fund expansion
VIDEOCON has planned a mega FCCB issue to finance its expansion plans. The office of the Videocon Chairman, Mr Venugopal Dhoot, confirmed to Business Line that the company was "in advance stages of raising funds through issue of FCCBs in ... More

ENVIRONMENT

Madras Cements plant voted greenest in India
THE Alathiyur (Tamil Nadu) plant of Madras Cements has been rated the greenest cement plant in the country by the Centre for Science and Environment (CSE), which has awarded it four leaves as part of its Green Rating Project for the cement ... More

RESTRUCTURING

Reliance Cap, Ventures swap ratio at 5:100
SHAREHOLDERS of Reliance Capital Ventures (RCVL) will get five shares of Reliance Capital Ltd (RCL) for every 100 shares of RCVL, both the shares being of face value of Rs 10 each. The process of demerger of the Reliance Group into entities ... More

MERGERS & ACQUISITIONS

Ruia group to take over two sick Orissa PSUs
THE Ruia group will complete the acquisition of two sick Orissa PSUs, Hirakud Cables and IDCOL Rolling Mills Ltd (IRML), by end of January or early February. The acquisitions will be made at a total consideration of roughly Rs 20 crore. Both ... More

US firm picks up 51 pc stake in ICI's rubber chemicals biz
PMC International Inc, a New Jersey-based company, has taken over 51 per cent interest in the rubber chemicals business of ICI India Ltd, resulting in transfer of ICI's entire rubber chemicals business to a new joint venture company incorporated ... More

CORPORATE GOVERNANCE

Adherence to Clause 49: IOC convenes EGM to induct more independent directors
WITH the revised Clause 49 of Listing Agreement coming into effect from January 1, oil major Indian Oil Corporation Ltd (IOC) is now seeking to remove a legal hitch to enable the company expand the strength of its board for meeting the prescribed ... More

TRADE & LABOUR UNIONS

Employees protest against closure of mining operations at Kudremukh
THE employees of the Kudremukh Iron Ore Company Ltd observed a `black day' on Monday in protest against the closure of mining operations at Kudremukh in Chikmagalur district. Nearly 1,500 members, including the employees and their family ... More

ALLIANCES & JOINT VENTURES

Indian Seamless inks pact for a jt venture project in Australia
ISMT will provide the detailed engineering, design, procurement, and construction management for the project. More

INTERVIEW

Sree Sakthi Paper targets 10% market share in South
THE Kochi-based Sree Sakthi Paper Mills Ltd, the second largest producer of kraft paper in South India, is expanding the capacity at its Edayar plant to 70,000 tonnes per annum from 40,000 tonnes. The company is coming out with an IPO of Rs 25 ... More

EVENTS

7 killed in clash at Tata Steel project site in Orissa
FIVE protestors and two policemen were reported killed at the Kalinga Nagar Industrial Estate located in the Jajpur district of Orissa where Tata Steel is building the boundary wall for its proposed 6-million-tonne new steel plant. It is ... More

OUTLOOK

Sun Industries plans tie-up with US co
SUN Industries, a Chennai-based auto component company, plans to set up a joint venture with an American company to which it is now supplying components. Mr Nagu Chidambaram, Chief Executive Officer, Sun Industries, said the new company was ... More

RENDEZVOUS
Sanjay Dalmia: His goals remain strictly in business
BEING born with a silver spoon, you would have expected him to be complacent in his old world family business. But Mr Sanjay Dalmia, GHCL Chairman, is far from satisfied with what he has achieved and in recent years has turned more aggressive ... More

Jessop upbeat about higher profits
JESSOP & Co is expecting to end the year with higher profits on a marginally lower or same turnover from last year. Having received the highest ever order for 809 wagons from Indian Railways this year against 305 in the last year, the company .. More

PERFORMANCE

Bajaj Auto December sales up
BAJAJ Auto Ltd (BAL) today reported a 3 per cent rise in the total sale of two and three-wheelers for December 2005, to 1,73,479 units from the previous corresponding 1,68,806 units. While sale of three-wheelers was up 26 per cent at 18,534 ... More

TVS two-wheeler sales up 11 pc
TVS Motor Company sold 68,724 units of motorcycles compared to 63,496 in the same period last year, according to a company press release. It sold 1,07,412 units of two-wheelers, compared with 96,886 in the same period last year, registering a ... More

PEOPLE

New CMD for Hind Latex
THIRUVANANTHAPURAM: Mr M. Ayyappan, Managing Director of Hindustan Latex Ltd (HLL), has been elevated as Chairman and Managing Director of the company. An engineering graduate from the College of Engineering, Thiruvananthapuram, Mr ... More

Scoreboard
SE Diary

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

Adherence to Clause 49: IOC convenes EGM to induct more independent directors

Four-wheeler sales growth slows in 2005

Construction industry takes bigger strides

Wage hike unlikely to hit bottomline of PSU insurers — Second round of VRS for insurance staff on anvil

Ban on Chinese textiles boosts Indian export growth

Tariff values on vegetable oils reduced — Industry terms it as `small revision'; steepest cut for RBD palmolein

`Mega insurance policies is the trend in energy sector'

Rising inequality in China

In Focus

Dynamic Tirupur