The Hindu Business Line : Wednesday, June 28, 2006

ANNOUNCEMENTS
Praj Ind bags orders worth $20 m
Praj Industries Ltd has announced that it has bagged two orders from the US-based Cilion Group for $20 million. The order is for the supply of technology and machinery for the setting up of two plants. In total, Cilion is ... More

PREFERENTIAL ALLOTMENTS
SEBI exemption to Electro Investments
SEBI has exempted acquirer Electro Investments Pvt Ltd from complying with the provisions of Takeover Regulation with regard to the proposed preferential allotment of 170 lakh equity shares of target company BPL Ltd. The market regulator ... More

AWARDS & HONOURS
Innovation award for 11 cos
The Innovation for India awards were awarded to 11 organisations to acknowledge their innovations or their courage to innovate. These awards have been instituted by the Innovation for India-Marico Foundation, an organisation ... More

INSIGHT
Making right decisions versus making decisions right
As a decision is primarily taken to achieve a goal, the former should at all times sub-serve the latter. More

CORPORATE BONDS
BILT share allotment to Dutch
Ballarpur Industries Ltd (BILT) has said that it has approved allotment of 8,00,638 equity shares of Rs 10 each to a Netherlands-based firm through part conversion of an earlier FCCB issue of $45 million. This translates into ... More

MERGERS & ACQUISITIONS
The story of billions
Tuesday's newspaper had two stories which overshadowed everything else including the World Cup quarterfinals. The first was the "marriage" between Mittal Steel and the $31-billion Arcelor which, if it goes ... More

Howden India finds takers for M&A insurance
Sees IT, auto, pharma sectors as potential customers More

Jay Shree Tea plans Assam garden buys for Rs 40-50 crore
Plans to make fresh investments in infotech biz More

NEW PROJECTS
WS Ind to put up Rs 100-cr greenfield plant
Tech, marketing tie-up with PPC Insulators of the US More

Natco Pharma's Dehradun unit takes off
Natco Pharma Ltd has announced the commencement of commercial production at its pharmaceutical formulations unit in Dehradun. The company said that oncological formulations meant for domestic market are now being manufactured at ... More

ALLIANCES & JOINT VENTURES
UTV enters into animation deals
UTV Software Communications Ltd has informed the BSE that it has entered into animation deals aggregating to $14 million. These deals include a co-production with PorchLight Entertainment — producer and distributor of the pre-school series, ... More

DIVERSIFICATION
Reliance says it's ready for retail
To make equity investment of up to Rs 10,000 cr More

Retailers not enthused by Reliance's mega plans
`Pace & scale to be vital to the business' More

OUTLOOK
RIL finds oil in KG basin
`Could result in future discoveries' More

RIL polyester biz to look at packaging, construction sectors
Reliance Industries' polyester business will look beyond the textile industry's needs, moving to provide solutions to the packaging, paper and construction businesses. There is going to be a fundamental transformation in the company's ... More

Indian cos not in the mood for mergers, says SAIL chief
`Mittal would prefer greenfield route in India' More

Singareni mulls coal price hike
Company board likely to meet today More

WorldSpace keen to widen subscriber base
In talks with mobile players; eyes car radios More

TRENDS
Buyback of shares back in action
Mid, small-cap cos coming up with offers More

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Top Stories
India slips to 40th rank in global ICT index

RIL polyester biz to look at packaging, construction sectors

Howden India finds takers for M&A insurance

VAT States' tax revenues up 24 pc in April

Economy: Can the dream run be sustained?

General insurers pitching hard for Infosys policy

Retailers not enthused by Reliance's mega plans

Indian cos not in the mood for mergers, says SAIL chief

Centre opts for duty-free sugar imports

Looking back
Jun. 18-Jun. 24
Hyundai to launch two new models every year

Relationship Management — Inability to manage work-life balance top employee issue

DLF IPO to hit the market by July 15

Reliance Ventures, HSIIDC to set up 25,000-acre SEZ in Haryana

RIL plans Rs 4,000 cr investment in Bengal

As Zocor patent expires, Merck plays price-game