The Hindu Business Line : Thursday, April 20, 2006

Goodlass Nerolac to change name
Goodlass Nerolac Paints has informed BSE that its board of directors has approved a proposal for a change in its name to Kansai Nerolac Paints Ltd. Kansai Paints Company holds 64.52 per cent stake in Goodlass Nerolac Paints. The ... More

AWARDS & HONOURS

Filtron Group bags export award for food processing
More

AUDITING

Who are India's top auditors?
Key findings of a study by Prime Academy analyses the profession More

ENVIRONMENT

The Rain Tree Hotel gets Ecotel certification
`First hotel in south India to get the recognition' More

FINANCIAL PERFORMANCE

Ranbaxy profits inch up
Sales rise 8% in Europe More

Reliance Energy posts 14.5 pc rise in Q4 net profit
Reliance Energy Ltd has reported a 14.5 per cent increase in net profit for the fourth quarter ended March 31, 2006. Net profit rose to Rs 169.47 crore, up from Rs 147.93 crore in the fourth quarter of the previous fiscal. Net sales of ... More

GENDER

Women entrepreneurs meet
The Confederation of Women Entrepreneurs (COWE) is organising a two-day seminar on `How to export to EU', during April 22-23, here. The meet is being organised under the EU-India Business Association Cross-Culture Network for ... More

RESTRUCTURING

Reliance reaches pre-demerger rates
Exactly three months after the de-merger of the four companies - Reliance Communications Ventures, Reliance Natural Resources, Reliance Energy Ventures and Reliance Capital Ventures to the Anil Dhirubhai Ambani Group - the Reliance ... More

MERGERS & ACQUISITIONS

Motilal Oswal offers 9% stake to foreign equity investors
Motilal Oswal Financial Services Ltd (MOFSL), one of the major stock broking outfits, has offered 9.29 per cent stake in the company to two foreign private equity investors — New Vernon Private Equity Ltd and Bessemer Venture Partners ... More

SPIC Petro acquisition by ONGC soon: Muthiah
ONGC's interest triggered by Oil Ministry More

NEW PROJECTS

Wipro plans lighting unit in Himachal
Consumer care, lighting biz revenue up 27 pc in '05-06 More

NFPIL plans unit at Vizag SEZ
Nitin Fire Protection Industries Ltd (NFPIL) is planning to set up a plant to manufacture high pressure seamless cylinders, CNG compressors at the Visakhapatnam Special Economic Zone. According to a company press release, an ... More

Abl Biotech floats pharma division
To develop formulations, promote own brands More

OVERSEAS INVESTMENTS

Tatas' African ventures turning profitable
Posts 5-fold growth in turnover to $250 m in 2 years More

REGULATORY BODIES & RULINGS

MCA-21: Is it lacking in legal backing?
Govt's e-initiative ushered in through notification before the Bill is passed More

ALLIANCES & JOINT VENTURES

Ishtaa 18-carat jewellery range launched
Coimbatore-based Emerald Jewel Industry and Mumbai-based Clarity Gold have set up a 75:25 joint venture company, Ishtaa Gold Jewellery. The newly formed company will market jewellery products under the brand name `Ishtaa'. The Ishtaa range ... More

ONGC enters pact with Maruti
The board of Oil and Natural Gas Corporation Ltd has approved a proposal for the oil major to enter into a contract with Maruti Udyog Ltd for fleet management services on a preferred client basis. The agreement would see Maruti ... More

OUTLOOK

Reddy's Labs aims to become 10th largest
Will achieve $1-billion revenue this year, says Chairman More

Suzuki targets one-lakh bike sales in first year
Suzuki Motorcycle India said on Wednesday that it plans to sell 5 lakh two-wheelers during the first phase of its operations but did not give any time frame. The company's operation head for marketing and administration, Mr Shigeru Matsuda, ... More

IOC seeking petrol, diesel price revision
Mr Behuria said that IOC was losing about Rs 80 crore per day on selling petrol, diesel, LPG and kerosene below the production cost. More

PERFORMANCE

TELK clocks Rs 109-cr production
Transformers and Electricals Kerala Ltd (TELK), Angamally has achieved record production of Rs 109 crore in 2005-06. The State public sector undertaking's expected profit is more than Rs 3 crore. This is the fourth consecutive year that TELK ... More

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