The Hindu Business Line : Sunday, February 12, 2006

Ambanis...
... The argument continues
IT WAS, in retrospect, a short-lived truce. The settlement reached between the Ambani brothers in June last year was expected to put a full-stop to their dispute, but it was a mere comma. Here were the two brothers, both ambitious, eager to ... More

OVERSEAS BORROWINGS

Ashok Leyland's reserves set to go up on FCCB conversion
COME March, Ashok Leyland will show a marked increase in its reserves, thanks to the conversion of its `foreign currency convertible bonds' (FCCB) into equity shares. The bonds that were issued in April 2004 could be converted into equity ... More

TAXATION

CPI wants rationalisation of corporate tax exemptions
THE Communist Party of India has urged the Government to strengthen the securities transaction tax (STT) and rationalise corporate tax exemptions. The party also sought the imposition of a nominal tax on FII outflows. CPI leader Mr A.B. Bardhan ... More

MERGERS & ACQUISITIONS

Cipla to raise Rs 882 cr; acquisitions on its radar
ACQUISITION is possibly on the radar for the estimated Rs 2,400-crore drug company Cipla. Cipla has received an in-principle approval from its board of directors to raise about $200 million (an estimated Rs 882 crore) for capacity expansion ... More

NEW PROJECTS

AML to set up integrated steel plant in Jharkhand
AML Steel Ltd proposes to set up an integrated steel plant at Jharkhand. When all the proposed three phases are completed, the plant will have a capacity of 2 million tonnes (mt) a year, company officials told a press conference here ... More

ALLIANCES & JOINT VENTURES

Priti Plastics ties up with UK co
PRITI Plastics Pvt Ltd has tied up with the UK-based Symphony Environmental Ltd to market the latter's d2w, a biodegradable additive for the manufacture of plastic. Mr Haresh Dugad, Chief Executive Officer, Priti Plastics, said the plastic ... More

Group MKM forms jt venture with Italy's Radici Group
Plan is to set up a plant with an initial estimated investment of Rs 50 crore to manufacture nylon engineering plastics with a capacity of 3,000 tonnes to begin with. More

Tech push for Kinetic
TWO-WHEELER maker Kinetic Motor Company, which has seen its market share plummet, could receive a boost to its scooters portfolio after the new tie-up with Sanyang Industry Co. (SYM) of Taiwan. The alliance, finalised ... More

OUTLOOK

GAIL-Iran co gas cracker project economically viable: Report

The project is expected be completed in 3-4 years after the joint venture is set up.

In the gas cracker venture, GAIL would be looking at 50 per cent stake.

The project will be based on ethane as feedstock for producing ethylene and downstream polymers. More

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