The Hindu Business Line : Thursday, March 16, 2006

Cabinet Secy to help end gas deal dispute
The Government has asked the Cabinet Secretary to evolve modalities for resolving the ongoing row between NTPC Ltd and Reliance Industries Ltd (RIL) over a pact for supply of gas by RIL for NTPC's Gandhar and Kawas expansion projects. At a ... More

OVERSEAS BORROWINGS

Kinetic Motor to raise $15 m thru FCCB
Italjet scooters to be rolled out from next week More

EXCISE AND CUSTOMS

DGCEI says Cenvat credit frauds result in huge revenue loss
`Large number of dealers and manufacturers involved' More

RESTRUCTURING

Godrej Tea to take over foods biz
Godrej Industries Ltd has announced that it has signed an agreement with Godrej Tea Ltd (GTL) to sell its foods business excluding the manufacturing facility at Wadala, Mumbai, for a total consideration of Rs 70 crore. According ... More

MERGERS & ACQUISITIONS

Tata Steel eyes 79% in Highveld Steel of SA
Due diligence is on for South Africa's $1.3-b market cap company More

US-based funds take 30 pc stake in Grandix Pharma
US-based venture funds Xenox and Agnus have picked up 30 per cent stake in the Chennai-based Grandix Pharmaceuticals for Rs 9 crore. The two NRI-owned investors have been issued additional shares at a price of Rs 100 a share, Dr A. Ramamurthy, ... More

ABB eyes acquisitions, takes cautious approach
We will continue to focus on organic growth: Kindle More

NEW PROJECTS

MGE UPS Systems plan for India
MGE UPS Systems, a global player in uninterruptible power supplies and associated services, announced on Wednesday in a release issued from Montbonnot, France that it has decided to activate its wholly-owned subsidiary in India. ... More

INCOME TAX

`Exempt sales promotion expenses from FBT'
After examining the fine print of the Budget, corporates have suggested that sales promotion expenses be exempt from Fringe Benefit Tax (FBT). A large number of the 100 CEOs that were surveyed by industry chamber FICCI have also questioned the ... More

OUTLOOK

Alliott Group scouting for Indian investments
Showcasing Belgium on clients' behalf More

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