Financial Daily from THE HINDU group of publications
Friday, February 24, 2006
Markets (Feb 23)
BSE Sensex10244.05 (+19.73)
S&P CNX Nifty3062 .10 (+11.30)
US Dollar (Buy/Sell)44.52


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ANNOUNCEMENTS


Chemplast to invest in Mettur plant
Chemplast Sanmar Ltd intends to convert the manufacturing process at its caustic soda plant in Mettur, from mercury-cells to membrane-based. The conversion, an environment-friendly measure, which will add no value to the ... More

Toyota launches Innova variant
Toyota Kirloskar Motors (TKM) has launched a variant of Innova, G4, which will have additional features. "We have noticed that a large number of customers asked for double AC and a high-technology music system. We have provided ... More

PTL forays into healthcare — Artemis to set up 500-bed hospital in Gurgaon
The Onkar S. Kanwar-controlled PTL Enterprises Ltd has forayed into the healthcare segment with plans to set up hospitals, engage in research and development and manufacture medical devices. The first initiative of Artemis Health Sciences Pvt ... More

ACCOUNTANCY


ICAI southern region secy
Mr Babu Abraham Kallivayalil, Kochi, has been unanimously elected Secretary of the Southern India Regional Council of the Institute of Chartered Accountants of India for 2006-07. He is the fourth ... More

MERGERS & ACQUISITIONS


Megasoft scouting to buy US co
Megasoft Ltd is looking to acquire a company in the US. Speaking to Business Line, Mr G.V. Kumar, CEO, Megasoft, said, "We are looking to take over companies with a good sales team and with access to quality clients. That is what we got ... More

NEW PROJECTS


Sri Biotech makes plans for Rs 2-cr facility
Buoyed by the growing opportunities in the area of contract manufacturing, Sri Biotech, a Hyderabad-based bio-pesticides and bio-fertilisers manufacturer, proposes to embark upon an expansion programme to more than double its production ... More

Apollo plans oncology centre in Ahmedabad
The Apollo Hospitals Group will invest nearly Rs 100 crore to set up a new Oncology (Cancer) centre in Ahmedabad and two new hospitals in Rajkot and Udaipur. The company is setting up two `First Med' centres, which are smaller hospitals with ... More

HPCL Punjab refinery financial closure by May
HPCL is expecting to declare financial closure of the Rs 9,806-crore Guru Govind Sagar Refinery project in Punjab by April-May. The company has already received commitments for finance from six banks and is expected to soon appoint a merchant ... More

John Crane manufacturing centre
John Crane, part of the Smiths Group, has opened a new £1.5 million manufacturing, service and support centre in Bangalore. Smiths' Group chief executive officer, Mr Keith Butler-Wheelhouse, told newspersons that the opening up ... More

TRADE & LABOUR UNIONS


Dunlop talks stumble — Productivity norms prove contentious
Talks stalled
Union for reopening of factory.
Unit will have to restart before productivity norms can be fixed.
More

ALLIANCES & JOINT VENTURES


Hikal in drug supply pact with Degussa
Hikal Ltd has signed a long-term agreement with German specialty chemicals company Degussa for the supply of pharmaceutical intermediates and active pharma ingredients (APIs). The agreement allows Hikal to work with patented companies on ... More

Haffkine Bio mulls ventures for vaccines
The Haffkine Bio-pharmaceutical Corporation Ltd (HBCL), a public sector company, is seeking a partnership with a private sector player for setting a joint venture for producing new age vaccines. It wants to create a Rs 40-crore joint venture ... More

SICK UNITS


Concern over sick industrial units in AP
Barely 278 units of the 38,797 small scale units in Andhra Pradesh that have been reported sick have been revived, according to the State Major Industries Minister, Mrs J. Geetha Reddy. Answering queries in the State Assembly on Thursday, Mrs ... More

OUTLOOK


TACO MobiApps to enter China, Asean — Chalks expansion plan for domestic market
Taco MobiApps Telematics Ltd (TMT), a joint venture between Tata Auto Comp Systems (TACO), a Tata group company, and the Singapore-based MobiApps, on Wednesday said that it was in talks with various companies to enter markets in China, Thailand ... More

`Exide not hit by rising lead prices'
Mr S.B. Ganguly, Chairman of Exide Industries Ltd, has said the volatility in lead prices did not impact the company's profitability during the last two months. Exide had registered only a marginal three per cent growth in net profit during ... More


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Markets are peaking out, says expert — Turns cautious on Indian equities, bets on commodities


Railway budget to take care of all sections — Lalu Prasad rules out increase in passenger fares

Bihar provides a sweet cure for sugar sector — Offers attractive incentive; plans PSU units privatisation

Railway wagon hurdle — New plan to send sugar to Pak

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In Focus

Infrastructure woes stare IT sector
IPO Scams
FDI in retail sector
Dynamic Tirupur
Surging Sensex
Gold scaling new highs
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Feb. 12-Feb. 18
GSK Pharma to bring in more products, intensify research

Radico gets export duty waiver for grain distillery in UP

Reliance Private Equity picks up 44 pc stake in DTDC for Rs 70 cr

United Phosphorus buys Dutch seed firm for 100 m euros

HLL back in the driver's seat

Reliance Petro raises $1.5 b loan for Jamnagar refinery project

Banks halt deposit-based lending to corporates

Saint-Gobain to set up unit for solar control products — Opens second float glass plant

Numaligarh Refinery mulls Rs 800-cr IPO — Final decision in four months

Coal India likely to report Rs 6,000-cr net profit

K.K. Birla Group makes changes in sugar biz restructure model

Ranbaxy was not for `any' price for Betapharm: CEO

Indian cos raise $10 b via ECB route in 9 months



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