Business Daily from THE HINDU group of publications
Wednesday, August 30, 2006
Markets (August 29)
BSE Sensex11706.85(+87.33)
S&P CNX Nifty3425.70 (+24.60)
US Dollar (Buy/Sell)46.52 (-0.03)


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WEB EXTRAS

FINANCIAL SERVICES
JM Financial allots shares to 2 FIIs
JM Financial Ltd today informed the BSE that the Committee of Directors (CoD) at its meeting held on August 29 has allotted 12,26,667 equity shares of the face value of Rs 10 each at a price of Rs 639 per share to Blue Ridge Ltd Partnership ... More

INTERIORS & HOMES
`Parryware unfazed by foreign competition'
Opens fourth manufacturing unit in Perundurai, TN More

CHILDREN & PARENTING
Tata MF lines up children's fund
Tata Mutual Fund has lined up a 10-year close-ended fund with two investment options, aimed at those who wish to plan for their children. The proposed Tata Children's Fund will provide debt and equity plans, identified in the offer document as ... More

HOTELS
Kotak invests Rs 34 cr in Lemon Tree, Red Fox hotels
Lemon Tree Hotels announced on Monday that Kotak Mahindra Realty Fund has invested Rs 32 crore in the company. Earlier this month, the company garnered an investment of Rs 210 crore from leading global private equity firm Warburg Pincus, which ... More

STOCKS
Sheths hike stake in GE Shipping
They picked up 2.36 pc equity for Rs 100 cr in 12 months More

RADIO/TV
PIB to distribute visual feeds
The Union Information and Broadcasting Ministry will start distributing visual feeds through PIB (Press Information Bureau) from next month. PIB, which has been regularly sending news reports and special articles on Government events and ... More

INTERNET
BharatMatrimony turns to brick-and-mortar
Seven lakh online marriages organised at last count, a $8.6 million in funding from Yahoo! Inc and Canaan Partners and at least half-a-dozen more enthusiastic investors queuing up to shell out money for a slice of his business. It would be a ... More

LEATHER
New Balance launches footwear, apparel range
NBAS sports shoes are now being imported from Vietnam, as the company's contract manufacturing arrangement with Moja Footwear of Haryana is expected to kick off only from next month. More

POULTRY
Suguna Poultry to invest Rs 120 cr in N. India
Plans 2 units in Karnataka, Maharashtra More

PRINTING
BIFR to hold review hearing on Metal Box
Meeting to be held in New Delhi on September 11 More

TRADE & LABOUR UNIONS
JCI staff seek merger with National Jute Board
Multiplicity of activities cited as reason More

RAILWAYS
Rly panel suggests 6.5 pc dividend
Finance Ministry wants dividend restored to 7 per cent More

EXPORTS & IMPORTS
ITA sees turnaround in tea sector's fortunes
However, H1 production down by 10 mkg More

OUTLOOK
`Low' concentrates into depression
To intensify further More






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Top Stories
Maruti up on divestment buzz, expansion plans


BHEL to invest Rs 1,600 cr for capacity expansion

Curbs on duty-free items on board aircraft to go

Global Green acquires Belgium co

World Bank report says inequality high in AP

ITA sees turnaround in tea sector's fortunes

Looking back
Aug. 20-Aug. 26
RBI staff, officers stir on Aug. 23

Gold likely to test $600/oz this week

Indian farm output facing sharp drop in growth

NDDB to sell Spices Board's `Flavourit' brand

Urad futures prices gain further ground

Consumers to choose `Superbrands'

L&T bets big on China



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