The Hindu Business Line : Wednesday, June 07, 2006

RESEARCH & DEVELOPMENT
BHEL to set up robotics centre
Bharat Heavy Electricals Ltd's (BHEL) corporate R&D division plans to set up a Centre for Intelligence Machines and Robotics (CIMAR) to focus on automation and utilisation of robots in the industrial environment. The CIMAR would be the fifth ... More

ANNOUNCEMENTS
Punj Lloyd bags Dabhol LNG terminal order
Punj Lloyd Ltd, in a joint venture with Whessoe UK, has bagged a Rs 428-crore contract for completing the Dabhol liquefied natural gas (LNG) terminal. The engineering, procurement and construction (EPC) contract, awarded by ... More

CORPORATE DISPUTES
Pay up for infrastructure use, MTNL tells BSNL
Mahanagar Telephone Nigam Ltd has opened a new front in the ongoing spar with Bharat Sanchar Nigam Ltd by asking the latter to pay charges for using its infrastructure in Delhi and Mumbai. The two companies have so far been using each other's ... More

MERGERS & ACQUISITIONS
`Technology, pharma, auto components lead M&As'
More product-based cos needed than service based firms More

GV Films in talks for majority stake in Singapore channel
Chennai-based GV Films is negotiating with the promoter of a Singapore-based movie channel for 51 per cent stake. According to sources close to the development, GV Films is likely to sign an MoU within a fortnight. The board of the company is ... More

NEW PROJECTS
Godrej plans Rs 105-cr investment to expand capacity
Godrej Consumer Products Ltd (GCPL) has said that it plans to invest about Rs 105 crore in expanding its soap and hair colour capacity. The company will invest Rs 95 crore in setting up another facility in Himachal Pradesh and expand capacities ... More

Ace Micromatic plans Chennai centre
Ace Micromatic Group, made up of eight companies that manufacture machine tools, would be setting up a technology centre in Ambattur, Chennai, according to Mr T.K. Ramesh, Vice-President, Micromatic Machine Tools ... More

Malwa Ind to double denim capacity
Expansion will be implemented in two phases at Rs 60 crore More

Sakata Inx to invest Rs 60 cr in new facility in India
Sakata Inx (India) Ltd, a 100 per cent subsidiary of the Japanese ink manufacturer, Sakata Inx Corporation, has said that it would invest around Rs 60 crore to set up a new facility in India, which will be used for global sourcing. The company ... More

ALLIANCES & JOINT VENTURES
BOC India ties up with JSW Steel
Long-term contract to supply gas for expansion programme More

Bioinnovat India parter for M-Scan
Bioinnovat Research Services, a drug development research services consultancy firm, has become the marketing partner in India for UK-based M-Scan, provider of analytical services in the bio-pharmacy sector. M-Scan provides ... More

B.A.G Films in joint venture with Korean co
Delhi-based media company B.A.G. Films has entered into a joint venture with SIEUDESIGN Co Ltd, a Korean firm, which has a presence in the production, distribution and licensing of animation movies and television series, to increase its presence ... More

BONUS ANNOUNCEMENTS
Berger Paints proposes 3:5 bonus issue
Full year net up 34.5 pc at Rs 74 crore; declares 50 pc final dividend More

OUTLOOK
DLF Universal focusing on South for growth
To expand its core business real estate nationally More

Panacea Biotec to roll out FMD vaccine in the next 18-24 months
Panacea Biotec Ltd on Tuesday announced its collaboration with National Research Development Corporation (NRDC) for in-licensing of technology to produce and market the foot and mouth disease (FMD) vaccine developed by the Indian Veterinary ... More

IOC set to benefit substantially from Govt package
IOC could end up being the biggest beneficiary of the package of measures announced by the Government on Monday as part of its efforts to protect the retail marketing companies from revenue loses due to surge in international crude ... More

PERFORMANCE
VSP posts Rs 680-cr turnover in May
The Visakhapatnam Steel Plant recorded the best ever sales turnover of Rs 680 crore during May against Rs. 474 crore during May 2005, according to a press release issued by the plant authorities. During April and May, the sales ... More

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