The Hindu Business Line : Tuesday, April 11, 2006

Aircel Tele picks stake in Sahara One
Aircel Televentures will acquire 14.98 per cent stake in Sahara One Media & Entertainment Ltd for Rs 120 crore. Sahara One Media & Entertainment Ltd on Monday announced that its board has approved a preferential allotment to More

CORPORATE DISPUTES

Aditya Birla group to buy out Tata stake in Idea
Tatas to get Rs 4,406 crore for 48.14 per cent equity sale More

OVERSEAS BORROWINGS

Visu Intl plans GDR issue to raise Rs 15 crore
Visu International is planning to issue GDRs worth around Rs 15 crore. The company's Chairman, Mr C. Chandrasekhar Reddy, told Business Line that the issue is being considered to part finance its expansion plans. It has planned to ... More

OUTSOURCING

Growing divide between BHEL, fabrication units
`Little more support needed for ancillaries to prosper well' More

IPR

Pfizer worried over parallel import of Norvasc into Philippines
To stop the drug being imported from countries such as India More

HUMAN RESOURCES

Manpower shortage in Tiruchi engg units
The region is ready to hire 8,000 people More

HAL unveils schemes to retain employees
Include interest-free car loans, company-leased houses More

RESTRUCTURING

Dunlop Chennai unit restarts again
A boisterous procession, fireworks bursting, traffic at a standstill at the industrial suburb, Ambattur here, so what? It is election time. But no, this was not politics. It was Dunlop restarting... again. Dunlop workers, over a 1,000 of ... More

NEW PROJECTS

Riddhi Siddhi announces Rs 120-cr capex plans
To set up a new maize processing complex at Uttaranchal More

BHEL bags order from GIPCL
State-owned equipment major Bharat Heavy Electricals Ltd (BHEL) has bagged a Rs 1,200-crore order from Gujarat Industries Power Company Ltd (GIPCL) for setting up two units of 125 MW each. GIPCL has placed the order for setting ... More

MBD group plans new paper mill in Himachal
To cater to in-house consumption, exports More

OVERSEAS INVESTMENTS

Hindalco's Australian subsidiary to go for public issue
Aditya Birla Minerals plans to raise A$299 million More

OVL in talks with Chinese cos to bid for Colombian oil field
Another India-China tie-up in the energy sector seems to be in the offing with ONGC Videsh Ltd (OVL), the overseas arm of ONGC, in talks with a Chinese company to make a joint bid for at least 50 per cent stake in a Colombian oil field. There is, ... More

ALLIANCES & JOINT VENTURES

Assam Co in pact with Austin co
Assam Company Ltd has floated a joint venture company with the Austin-based DMS Explorations. In a statement issued here on Monday, Mr K.K. Jajodia, Chairman, Assam Company, said the new company Austin ... More

OUTLOOK

ONGC MoU with Ministry targets 2.7 pc production hike
The MoU target for gas production is 21.97 BCM More

Dolphin Offshore plans to buy barge
Soon after placing orders for acquisition of two work boat-cum-supply vessels costing $ 6.65 million (around Rs 24.5 crore) each, Dolphin Offshore Enterprises (India) Ltd is now planning to place order for a construction barge shortly. Now in the ... More

ABG Shipyard bags Rs 270 cr order
ABG Shipyard Ltd has bagged a repeat order from Sea Tankers Management Co Ltd for construction of anchor handling tugs valued at Rs 270 crore. With this order, the company's order book now stands at Rs 2,204.36 crore. The new ... More

PERFORMANCE

Ashok Leyland hints at price hike; sales up 12.6 pc
Ashok Leyland has closed 2005-06 with sales of 61,626 vehicles. This represents a 12.6 per cent growth over its 2004-05 sales of 54,740 vehicles. While sales of all goods-carrying trucks except the multi-axles shrank, volumes came from the ... More

FACT sales revenue up
Total sales revenue of Fertilisers and Chemicals Travancore Ltd (FACT) at nearby Udhyogamandal has increased to Rs 1,400 crore (un-audited) last fiscal from Rs 1,215 crore in 2004-05. The sales revenue from fertilisers has witnessed a steep ... More

NMDC posts record turnover
The National Mineral Development Corporation (NMDC) has achieved a record turnover of Rs 3,534 crore and profit before tax (PBT) of Rs 2,523 crore for the financial year 2005-06. The comparative figures for fiscal 2004-05 were Rs 2,230 crore and ... More

PEOPLE

Shimizu to head HSCI marketing unit
Honda Siel Cars India (HSCI) has appointed Mr Hiroshi Shimizu as Director of Sales and Marketing. Mr Shimizu, who held the post of Senior Advisor, Sales and Marketing, at HSCI for the past three years has been appointed with ... More

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