The Hindu Business Line : Tuesday, April 25, 2006

Viceroy Hotels allots shares, warrants
Viceroy Hotels Ltd has informed the stock exchanges that its board of directors at a meeting held on Monday has allotted 40.25-lakh equity shares of Rs 10 each at a premium of Rs 90 per share and 74.75-lakh convertible warrants of Rs 10 each at a ... More

OVERSEAS BORROWINGS

GV Films raises Rs 110 cr from global markets
Ties up with Singapore firm for Web-casting biz More

AWARDS & HONOURS

KCCI institutes business awards
The Kanara Chamber of Commerce and Industry (KCCI) has instituted first ever `Business Awards' for its members. According to Mr A. Srinivasa Rao, KCCI President, the awards will be presented to the winners in May last week. ... More

RESTRUCTURING

Adlabs demerger: Reliance Cap share ratio
Reliance Capital Ltd (RCL) today announced the ratio for distributing shares accruing to it from Adlabs Films Ltd (AFL) demerging its FM radio business to a subsidiary (SPV). RCL is AFL's promoter. The demerged company would be ... More

MERGERS & ACQUISITIONS

Apollo Tyres buys out Dunlop South Africa
Apollo Tyres Ltd said on Monday that it has acquired 100 per cent controlling interest in Dunlop Tyres International (Proprietory) Ltd, South Africa (DTIPL) along with its subsidiaries in Zimbabwe and the UK. A communiqué sent by ATL to the ... More

Heritage Food's bid for Indian Dairy cleared
Heritage Foods India Ltd has announced that the High Court of Karnataka has confirmed sale of unit of Indiana Dairy Specialities Ltd (in liquidation) located at Hyderabad in favour of the company, with the company emerging the highest bidder for ... More

NEW PROJECTS

Volvo mulls manufacturing base in India
Volvo India has said it will consider setting up a manufacturing base for some of its construction equipment if it is able to get good volumes in the country. "We will take a decision on setting up a manufacturing base in India within the next ... More

REGULATORY BODIES & RULINGS

Hutch-Orascom deal hits a roadblock
Company Affairs Ministry says FIPB screening mandatory More

SOCIETY & DEVELOPMENT

Dell opens community computer centre
As part of Dell Corporation's community reach programme, a Dell computer centre was inaugurated by Mr Romi Malhotra, Managing Director, Dell International Services, at the HOPE Foundation facility here. Backed by funds from Dell Foundation, the ... More

PUBLIC OFFER

Patel Engineering issue opens on May 3
Big plans for infrastructure development More

DIVERSIFICATION

ETA Ascon to foray into petro, auto ancillary
ETA Ascon, the $2.5-billion Dubai-based company, plans to diversify into the manufacture of auto ancillary and downstream oil and petroleum products in India, according to Mr Hameed Salahuddin, Executive Director, ETA Melco. Mr Salahuddin said ... More

STANDARDS & BENCHMARKS

Aurobindo gets USFDA nod
Aurobindo Pharma Ltd (APL) has obtained tentative approval from the US Food and Drug Administration (USFDA) for the company's Simvastatin tablets 5 mg, 10 mg, 20 mg, 40 mg and 80 mg. Zocor, Merck's brand name for Simvastatin, is ... More

OUTLOOK

Ford targets 50 pc rise in sales
Helped by growing sales of the midsize car Fiesta, Ford India is targeting a 50 per cent increase in sales this year to 60,000 units. ``The Fiesta has been doing well for us and we expect the model to sell around 4,000 units a month,'' Ford ... More

BPL chalking strategic plan for growth
Studying portfolio models of Boston Consulting, GE More

Godavari Fertilisers expansion under study
The feasibility of expanding the capacity of the Godavari Fertilisers and Chemicals plant here is under study and the report is likely to be submitted in a few months, according to Mr K.A Nair, Managing Director. At a press meet here on Monday, ... More

Shell Hazira restarts LNG biz after 5-month lull
Receives 1.41 lakh cu.m. parcel from Oman More

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