The Hindu Business Line : Thursday, June 22, 2006

ANNOUNCEMENTS
Punj Lloyd venture bags Rs 142-cr order
Engineering and construction firm Punj Lloyd Ltd, in partnership with Malaysian construction company Persys, has bagged a Rs 142 crore design and construction order from Delhi Metro Rail Corporation (DMRC) for its Inderlok-Mundka metro ... More

Dr Reddy's launches generic Proscar
Following Teva Pharmaceuticals being awarded 180-day marketing exclusivity for Finasteride, the generic version of Merck's Proscar upon the expiry of patent, Dr Reddy's Laboratories Ltd has announced that it has launched the authorised generic ... More

Simplex gets sports complex project
Simplex Infrastructures Ltd has bagged two construction projects awarded by the Jharkhand Government for its Ranchi Mega Sports complex. Simplex would execute the projects, worth Rs 251.88 crore, through a joint venture with ... More

CORPORATE BONDS
Kinetic Motor to issue bonds
Kinetic Motor Co said it plans to issue bonds to Citicorp Finance to raise Rs 94 crore. The company would issue 80 lakh 9.5 per cent secured redeemable non-convertible debentures; 21.5 lakh secured redeemable fully-convertible ... More

MERGERS & ACQUISITIONS
Jet-Air Sahara deal in turbulence
Both go to court; Jet restrained from withdrawing monies from escrow account More

M&A with a foreign company
Is there any legal bar on sanction of amalgamation of Indian and foreign companies? More

Promoters of Dabur pick up stake in Vishal Mega Mart
Burmans pick up 1 pc stake in the company for Rs 200 per share More

GHCL set to buy soda ash unit in Romania for $24 m
Also in talks with two US companies More

OVERSEAS INVESTMENTS
HMT to set up tech centres in Zimbabwe
HMT (International) Ltd, the wholly owned subsidiary of HMT, would set up the Indo-Zimbabwe Technology Centre (IZTC) in Harare and India Technology Centre (ITC) in Bulawayo. The project valued at Rs 22.5 crore would be ... More

ALLIANCES & JOINT VENTURES
D1 Oils, RPMC in pact for biodiesel manufacture
D1 Oils plc (D1), the UK-based biodiesel producer, has signed an oil supply agreement with Rural Power Marketing Company Pvt Ltd (RPMC), an agri-business consultancy, covering 14,000 hectares of jatropha, the primary feedstock, in northern India. ... More

Essar Oil, US firm tie up for CBM exploration
A joint venture agreement between Essar Oil Ltd and Gardes Energy Services, US, has been signed aimed at ushering in a technology revolution in coal bed methane (CBM) exploration and development by bringing advanced drilling technology to ... More

OUTLOOK
RIL plans Rs 4,000 cr investment in Bengal
Funding for agro retail and natural gas initiatives More