The Hindu Business Line : Saturday, January 14, 2006

Fiat unveils Grande Punto, concept car Alfa Romeo
FIAT unveiled the Grande Punto and the Alfa Romeo 8c Competizione at the Auto Expo on the same platform where Tata Motors' new cars were showcased. The Grande Punto launched in September 2005 worldwide, was a success in the European markets ... More

Nobel laureate sees big scope for mid-sized cos in intermediary work
Cargill is keen to exploit corn and soya to come up with suitable polymer based products. More

Suzuki's 2 new bikes to vroom in March — Hopes to set up dealershipnetwork of 70 outlets
FIVE years after breaking away from its erstwhile joint venture partner - the TVS Group, Japanese automobile major Suzuki Motor has again marked its entry into the Indian two-wheeler market with two new bikes that the company plans to commence ... More

Castrol launches premium quality engine oil
CASTROL India Ltd announced the launch of its premium quality engine oil, Castrol EDGE at the Auto Expo here. According to Mr Sudhanshu Vats, Vice-President Marketing, Castrol India, "The specially selected additives in Castrol EDGE manage the ... More

Reliance Ind to be new RIIL promoter
RELIANCE Industrial Infrastructure Ltd (RIIL) on Thursday informed the stock exchanges that its board meeting on January 10, accorded its consent to seek the approval of the company members for Reliance Industries Ltd to be recognised as the ... More

Jet Airways board meet on Jan 21
THE board of Jet Airways India Ltd will meet on January 21 to consider and take on record its financial results together with a limited review report for the third quarter ended December 31, 2005. The board will also consider whether the ... More

JSW, Uttam Galva hike prices of galvanised steel
MUMBAI: JSW Steel Ltd and Uttam Galva Steels Ltd today announced a hike in the prices of galvanised steel. JSW hiked prices of galvanised steel by Rs 1,000 per tonne while Uttam Galva raised prices by Rs 1,600 per tonne. "The hike in ... More

Premier Explosives' export containers lost in sea
SIX containers of explosives, exported by Premier Explosives Ltd (PEL) to Afghanistan, were lost in the sea due to rough weather. Of this, four containers could be recovered. But the material, though intact, could not be used, the company ... More

CliniRx plans overseas expansion
NEW DELHI: The JK Group, which has forayed into clinical research through CliniRx, is planning to expand its business overseas through collaborations. Speaking to newspersons, Dr Sumant Khanna, President, CliniRx Research Private Ltd, ... More

Pritish Nandy Comm

BUYBACK

Infomedia board okays 14 per cent equity buyback
INFOMEDIA India Ltd has said that its board has approved a buyback of shares up to 14 per cent of the company's equity at Rs 245 per share. The company said the buyback would be across the board from all shareholders. These shares bought back ... More

AWARDS & HONOURS

Lifetime Achievement award
KOLKATA: Eminent industrialist, Mr R.P. Goenka, has been awarded this year's the Lifetime Achievement Award by ICFAI Business School for his "outstanding business leadership, contribution to strategic thinking in business and an abiding ... More

CORPORATE GOVERNANCE

Dabur, Infosys win ICSI corporate governance awards
Leading FMCG company Dabur India Ltd and IT services major Infosys Technologies Ltd have won the `Institute of Company Secretaries of India's (ICSI) National Award for Excellence in Corporate Governance' for 2005. Patriarch of the Hero Group Mr ... More

ICSI bets on outsourcing — `Company secys geared up to meet corporate governance challenges'
THE Institute of Company Secretaries of India (ICSI) sees good scope for company secretaries to do work for foreign countries, the Institute's President, Mr R. Ravi, told Business Line. "The institute has also represented to the ... More

NEW PROJECTS

Bokaro Power board approves new 500 MW project — Mecon preparing detailed feasibility report
THE board of directors of Bokaro Power Supply Co Ltd (BPSCL), a 50:50 joint venture between SAIL and Damodar Valley Corporation (DVC), has cleared the proposal to set up a 500 MW power plant at Bokaro in Jharkhand. According to a senior SAIL ... More

Suryalata Spinning Mills plans Rs 126-crore capacity expansion
SURYALATA Spinning Mills Ltd (SSML), a Hyderabad-based yarn manufacturer, has decided to increase its spinning capacity and also evolve itself into an integrated player by adding weaving, processing and garmenting facilities. The move is aimed ... More

ALLIANCES & JOINT VENTURES

Tata Motors, Fiat in joint drive — Marketing tie-up is first step towards deeper relationship
"This is not a joint venture, but this is the start of a relationship which could go beyond even a joint venture," Mr Ratan Tata said. More

GVK Biosciences to provide research services for Wyeth Pharma
Though none of the two companies preferred to disclose the exact size of the contract, it is understood that the five-year contract would involve $8-10 million per annum. More

Tatra Vectra signs MoU with Russian co
TRUCK maker Tatra Vectra Motors Ltd has signed an MoU with Russia-based Kamaz Incorporated, to manufacture trucks and bus chassis for the domestic market. The company plans to roll out the products late this year. ``The Kamaz truck components ... More

SICK UNITS

Paswan hints at early decision on FACT revival
THE Union Minister for Fertilisers and Chemicals, Mr Ram Vilas Paswan, has said that the revival package of the public sector Fertilisers and Chemicals Travancore Ltd is likely to be considered by the Cabinet Committee on Economic Affairs (CCEA) ... More

OUTLOOK

Leyland to invest additional Rs 550 cr — Proposes expansion, to set up two units - one in Dubai
COMMERCIAL Vehicle manufacturer and Hinduja Group flagship Ashok Leyland (ALL) has announced additional investments to the tune of Rs 550 crore to be pumped in during the next two years for increasing production capacities at its existing plants ... More

ONGC to develop 28 small fields on western seaboard
OIL and Natural Gas Corporation Ltd (ONGC) would be developing 28 of its small and marginal oilfields on the western seaboard in order to augment its domestic oil production, said Dr Ramashish Rai, General Manager (Production), ONGC, at the ... More

NEW PRODUCTS & SERVICES

Tata Motors unveils Indica V2 Xeta, X-over
TATA Motors on Thursday unveiled the new Indica V2 Xeta (extra fuel efficiency, torque advantage engine) and the X-over, a crossover concept car that will be positioned as a family car with the looks of a sports utility vehicle. The Indica Xeta ... More

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