The Hindu Business Line : Wednesday, April 12, 2006

MAN freezes investment in China
MAN Nutzfahrzeuge has put the brakes on its Chinese investments after it encountered roadblocks in the form of product infringements for which it found no legal redressal. The company has a joint venture for buses and two licences with local ... More

Clarification
With reference to the report "NEG Micon plans to export turbines next year" published in these columns on April 8, NEG Micon (India) Pvt Ltd has clarified that it is a wholly-owned subsidiary of NEG Micon A/s Denmark and not as reported. ... More

ACCIDENTS

Pipeline transporting crude for CPCL damaged
Chennai Port Trust requests company to undertake repair work; to cost Rs 50 lakh More

ANNOUNCEMENTS

Rain Calcining deploys new turbine
Rain Calcining Ltd has informed BSE that a new turbine rotor developed by Siemens (formerly ABB), Sweden has been procured and installed at a cost of about Rs 15 crore. The initial test runs have been successfully completed and ... More

Dodsal Group bags Qatar Petro order
Dubai-headquartered Dodsal Group, an engineering, procurement and construction multi-national, has bagged a Rs 4,300-crore contract from the State-owned Qatar Petroleum for engineering, procurement, installation and commissioning ... More

PREFERENTIAL ALLOTMENTS

UK fund invests in IG Petro
IG Petrochemicals Ltd (IGPL) has received Rs 125 crore investment from Spinnaker Capital, a UK-based international fund. As part of the investment, Spinnaker will receive 1,25,00,000 optional convertible debentures from IGPL, ... More

MERGERS & ACQUISITIONS

RPG cos amalgamation cleared
Paves way for transfer of the music world division More

UB Group plans to buy UK-based spirits company
May overcome EU's curb on import of Indian made foreign liquor More

ONGC in no hurry to offload its stake in GAIL
To take a fresh view on the issue during the current fiscal More

CORPORATE GOVERNANCE

Code of conduct for co directors in the offing
A model code of conduct for board directors is on the cards. The corporate governance committee of the Institute of Chartered Accountants of India (ICAI) is finalising the code of conduct, according to the committee Vice-Chairman, Mr G. ... More

NEW PROJECTS

KM Sugar to set up unit in Bihar
KM Sugar Mills Ltd, a UP-based company plans to invest Rs 200 crore in setting up a sugar unit with 5,000 tonnes (of sugarcane) crushed per day (TCD) capacity and a 15 MW power cogeneration project in Bihar. It is also looking ... More

REGULATORY BODIES & RULINGS

`Wockhardt has complied'
Wockhardt Ltd today said its Waluj plant in Aurangabad, Maharashtra, manufacturing sterile cephalosporin injectables, is yet to commercialise production for the US market. Responding to a report that the US Food and Drug Administration has ... More

TRADE & LABOUR UNIONS

Contract workers on strike at Hero Honda
After Honda Motorcycle and Scooter India, labour trouble has affected production at yet another automobile plant in Haryana. Production at two-wheeler major Hero Honda's facility in Gurgaon was hit following a strike by contract workers, ... More

ALLIANCES & JOINT VENTURES

Bechtel inks Dabhol pact with BHEL
But restart of project may be pushed beyond May 1 More

Godrej Aadhar ties up with Apollo Pharmacy
Godrej Aadhar, the rural services and retail initiative of Godrej Agrovet Ltd, has signed an agreement with Apollo Pharmacy to offer medicine support across Godrej Aadhar outlets in rural India. The agreement includes setting up of Apollo ... More

Mauritian company seeks tie-ups
Mauritian conglomerate Rogers & Co Ltd plans to visit India from April 20-29 to explore business ventures with the local industry. The company would hold meetings in Delhi, Chennai and Mumbai to forge alliances in the field of .. More

SOCIETY & DEVELOPMENT

Hyundai Motor charitable trust
Hyundai Motor India Ltd has set up a public charitable trust - Hyundai Motor India Foundation. It will support fields such as health care, educational and vocational training, environment, road safety, art, and science and ... More

PERFORMANCE

2005 default-free year for Crisil cos
Stability rates Crisil ratings improve too More

MRF tops in customer satisfaction
MRF has moved up three rank positions from 2005 to rank highest in customer satisfaction in the J.D. Power Asia Pacific 2006 India Original Tire Customer Satisfaction Index (TCSI) study released on Tuesday. This is the fourth ... More

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