The Hindu Business Line : Wednesday, June 14, 2006

ANNOUNCEMENTS
Tata Motors gets Rs 55-cr order for buses from Congo
Tata Motors said it has received an order for Rs 55 crore for supply of buses to the Democratic Republic of Congo. The company would be supplying buses to revamp the urban transport system of Kinshasa, the capital city of Congo. As a major part ... More

Man Ind bags order worth Rs 500 cr
Man Industries (India) Ltd, manufacturer of large diameter submerged arc welded line pipes and coating systems, has bagged orders worth Rs 500 crore. The company has secured a fresh order worth Rs 400 crore from a gas ... More

Srei Infrastructure bags Rs 3,000-cr road projects
The BOT projects would be completed over 18-36 months More

MANAGEMENT
HMA defers decision on management awards
That the new-economy companies have changed the way managers worked and led is perhaps no news. However, while managers are mending their ways trying to achieve the new benchmarks, management associations seem to grapple with the need to set new ... More

MERGERS & ACQUISITIONS
Tata Sons to pick 26 pc in Nagarjuna refinery
To invest Rs 350 crore; project set to achieve financial closure soon More

Vedanta to buy stake in Sterlite Gold for Rs 285 cr
Acquisition believed to offer Vedanta low risk exposure to gold More

Godrej to enter confectionery segment with Nutrine buy
The imminent acquisition of the Rs 180-crore Nutrine Confectionery Co Pvt Ltd by Godrej Foods and Beverages will mark the entry of the Godrej group into the sugar-boiled confectionery segment. The all-cash deal, worth approximately Rs 270 crore, ... More

NEW PROJECTS
India Cements plans plants in Himachal, Rajasthan, M.P.
Reports profit for second straight year on strong demand and improved prices More

IOC committed to invest in Bengal: Deora
The Union Minister of Petroleum and Natural Gas, Mr Murli Deora, told newspersons here on Tuesday that Indian Oil was committed to investing Rs 3,000 crore in West Bengal. The investment will be made on the expansion of IOC's Haldia Refinery, up ... More

Italian group mulls textile plant in AP
Italian diversified group Camozzi Holding Spa, is planning to set up a Rs 600-700 crore textile plant in the Warangal district. A delegation headed by Mr Ettore Camozzi, Board member of Camozzi Holdings Spa, Italy called on the State Chief ... More

Eveready to set up new plant in Uttaranchal
Looking to further consolidate its position in the dry cell batteries market, Eveready Industries India Ltd (EIIL) is investing Rs 60 crore in setting up a new plant in Uttaranchal to take its overall annual production capacity to two billion ... More

ALLIANCES & JOINT VENTURES
MUL plans joint venture to make parts for Suzuki
Maruti Udyog Ltd plans to set up a new joint venture company to make components for Suzuki motorcycles and cars in India. The joint venture, which would also involve Japanese components firm Bellsonica Corp, Maruti and a local manufacturer, ... More

INTERVIEW
Hopes to maintain profitability: NLC
`Transfer pricing policy hit margins' More

EXPORTS & IMPORTS
FIEO calls for TN export promotion board
The Federation of Indian Export Organisations - Southern Region has represented to the Tamil Nadu Government to constitute an export promotion board and formulate an export policy for the State. According to press release from the ... More

BONUS ANNOUNCEMENTS
Opto Circuits Q4 net up 64 pc
Healthcare equipment maker Opto Circuits has posted a 64 per cent increase in net profit to Rs 11.81 crore during the fourth quarter of 2005-06. A press statement from the company said sales during the same period grew 23.48 per cent to Rs ... More

SICK UNITS
Metal Box sells Faridabad property to Lakhani
Case filed by workers holding up transfer of property to buyer More

OUTLOOK
MMTC plans Rs 20,000-cr investment
To promote trade-related infrastructure projects More

Bureau Veritas bullish on India
Bureau Veritas is bullish about its India operations. This professional service organisation, which offers quality, health, safety, environment, management and social accountability certification to different industrial sectors and product, has ... More

PEOPLE
ONGC board gets 4 more independent directors
To comply with Listing Agreement More

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