The Hindu Business Line : Sunday, January 22, 2006

FD OPTIONS
Wheels India: Invest in 3-year option
Wheels India: An investment may be considered in the three-year FD option of Wheels India. The rate of 7.5 per cent on offer is attractive. Choose the cumulative option, as it would offer a slightly higher yield of 7.7 per cent. The ... More

MERGERS & ACQUISITIONS

EGM votes on KRL-BPCL merger, results next week
THE extraordinary general body meeting (EGM) of the shareholders and creditors of Kochi Refineries Ltd (KRL) and Bharat Petroleum Corporation Ltd (BPCL) convened by the Department of Company Affairs (DCA) was held here on Saturday. After ... More

'Ministry had no say in Jet-Sahara deal'
THE Union Civil Aviation Minister, Mr Praful Patel, said his Ministry had no role in Jet Airways' acquisition of Air Sahara. It is for the Director-General of Civil Aviation, the regulator, and the Company Law Board to see whether the deal ... More

TRADE & LABOUR UNIONS

Toyota workers resume production — 900 held for defying ban
NEARLY 900 Toyota Kirloskar workers were on Saturday detained for defying ban orders even as the company resumed production at its plant near Bangalore. Narrating the events of the day, a workers' union representative told Business Line ... More

OUTLOOK

RIL's new SEZ refinery may have to `export' into India
THE new refinery being set up by Reliance Industries in the Jamnagar Special Economic Zone (SEZ) could end up `exporting' bulk of its output in India (domestic tariff area), once it turns a positive net foreign exchange earner. The ... More

PERFORMANCE

Jain Irrigation net zooms 150 pc
MUMBAI: Jain Irrigation Systems Limited has reported a 150 per cent increase in its third quarter net profit at Rs 15.25 crore from Rs 6.09 crore in the year-ago period. Total income stood at Rs 220.48 crore compared to Rs 144.28 crore ... More

ISMT nets Rs 29 cr profit
MUMBAI: The Pune-based ISMT Ltd has reported a net profit of Rs 29 crore for the third quarter of the current fiscal. However, the performance cannot be compared to the previous year, as ISMT is now a merged entity. Gross revenues ... More

PEOPLE

Thomas Cook India reconstitutes board — Udayan Bose made non-executive chairman
THOMAS Cook India Ltd (TCIL) has inducted six directors on to its board. Mr Udayan Bose, a banker, has taken over as the Non-Executive Chairman. Mr Sayanta Basu has taken over as Additional Director and Deputy Chairman. The other directors ... More

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