The Hindu Business Line : Thursday, April 27, 2006

HZL hikes prices again
Rising zinc prices have prompted Hindustan Zinc Ltd (HZL) to hike its selling prices by Rs 10,200 a tonne on Wednesday. In April alone, the domestic zinc manufacturer has raised the price of the metal by Rs 40,800 per tonne or 29 per cent. ... More

New Vernon to invest in B. Seenaiah & Company
The US-based private equity fund, New Vernon Private Equity Ltd, and a group led by Tiger Veda Management, including Touradji Capital Management, have made an investment of Rs 150 crore in B. Seenaiah & Company (Projects) Ltd (BSCPL), an Indian More

ACCOUNTING STANDARDS

Pension, a ticking time-bomb?
Global pension accounting standards are fairly incomprehensible More

PRIVATE PLACEMENT

Prajay allotment to Citigroup
Prajay Engineers Syndicate Ltd has informed the stock exchanges that the allotment committee of its board of directors at a meeting held on Monday has allotted 1,21,013 equity shares of Rs 10 each fully paid-up at a conversion price of Rs 75 per ... More

OVERSEAS BORROWINGS

Electrosteel Q4 net rises to Rs 30.44 cr
FCCB issue to be completed by mid-May More

OUTSOURCING

Volvo to increase sourcing components
India is single sourcing base for Volvo tippers sold in Korea More

COURTS/LEGAL ISSUES

TTP set to launch effluent plant work
The Supreme Court Monitoring Committee was of the view that installation of the treatment plant was important and that it need not be linked with capacity expansion project. Deadline set by Supreme Court panel ends More

IPR

Ranbaxy: Austrian panel upholds earlier patent office decision
An Austrian five-judge panel upheld an earlier decision by the patent office invalidating one of Pfizer Inc's patents on Lipitor, said Ranbaxy Laboratories Ltd. However, the American company claimed that it continued to hold other Lipitor ... More

MERGERS & ACQUISITIONS

Maruti Q4 net up 39 pc
To pay 70 pc dividend, launch new export model in 2008-09 More

NEW PROJECTS

Hyderabad Ind plans Rs 100-cr expansion
Hyderabad Industries Ltd, the fibre cement sheets major, has decided to embark upon a Rs 100-crore expansion programme involving setting up of two fibre cement sheet units and one autoclaved aerated concrete blocks manufacturing facility. The ... More

Chancery opens new five-star hotel
Offers facilities for `long stay guests' More

OVERSEAS INVESTMENTS

Dabur eyes acquisitions abroad
Due diligence on for companies in US, Egypt, Malaysia More

OUTLOOK

GAIL to fork out Rs 538 cr in Q4 towards subsidy sharing
Ministry working out a subsidy-sharing formula for upstream cos More

Posco to invest $200 m this year
South Korean steel major Posco today said it would invest $200 million this year for its upcoming 12-million-tonne manufacturing plant in India. Moreover, the company was open to allotting preferential equity shares to the workers displaced by ... More

Mitsubishi upbeat on Indian elevators market
Riding high on the booming infrastructure sector in the country, Mitsubishi Electric is upbeat on the growing market opportunities for high-end elevators and escalators. As against the global industry average of seven per cent annual growth, ... More

PERFORMANCE

Emirates Group posts $762-m net profit
Air passenger traffic hits new record total of 14.5 m More

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