The Hindu Business Line : Saturday, September 23, 2006

IGL presents dividend cheque to Delhi Govt
Indraprastha Gas Ltd (IGL), the supplier of compressed natural gas (CNG) and piped natural gas (PNG) in Delhi, on Friday presented a dividend cheque of Rs 1.75 crore to the Government of NCT of Delhi, one of its stakeholders, for ... More

AWARDS & HONOURS
Nalco bags export award
National Aluminium Company Ltd (Nalco) has bagged the top export award of CAPEXIL for the year 2005-06. The award was received by Mr K.K. Mallick, Director, (Commercial), from the West Bengal Chief Minister, Mr Buddhadeb ... More

COURTS/LEGAL ISSUES
Kerala HC quashes ban on Coke and Pepsi
`Power to prohibit manufacture and sale vests with Central Govt' More

RESTRUCTURING
Harrisons Malayalam to sell rubber estate
Harrisons Malayalam Ltd, a RPG Group company, has decided to sell its in Kaliyar rubber estate located in the Idukki district of Kerala at a price of Rs 53 crore. According to a notice sent to the stock exchanges, the decision ... More

MERGERS & ACQUISITIONS
McGraw-Hill to pick up 15% stake in Hurix
It has also sought permission to issue the shares at Rs 10 per share instead of Rs 26 earlier arrived at. More

NEW PROJECTS
FIPB clears AES plan for Chhattisgarh
$1.22 billion investment likely More

Oil Palm India to set up kernel oil processing plant
First such unit in India More

Raj TV in expansion mode
To invest Rs 7.5 crore in studio, library More

TRADE & LABOUR UNIONS
Production not hit by agitation, says Honda
Honda Motorcycle and Scooter India (HMSI) on Friday said that production at its plant was not affected by the current agitation by a section of the workers. The company added that only about 150 contract workers are currently involved in the ... More

ALLIANCES & JOINT VENTURES
Apollo Hospitals prefers controlling stake in joint ventures
The bitter experience suffered in Sri Lanka last week has compelled the Indian healthcare giant Apollo Hospitals Group to revise its strategy on joint ventures not just overseas but within the country as well. The Group is now planning to ... More

JB Chem, Gilead pact on anti-retroviral drug
JB Chemicals and Pharmaceuticals Ltd has entered into a non-exclusive licence agreement with Gilead Sciences Inc to make and distribute generic tenofovir disoproxil fumarate, sold by Gilead under the brand name Viread. Tenofovir is an ... More

Matrix, Gilead sign pact for AIDS drug
Matrix Laboratories Ltd has announced that it has signed a licensing agreement with Gilead on Friday for the manufacture and sale of a generic version of Tenofovir Disoproxil Fumarate using Gilead's proprietary technology. Tenofovir is a ... More

EVENTS
`CFOs need to partner with CEOs'
Speakers at the CFO Forum of Confederation of Indian Industry have said that chief financial officers needed to partner with CEOs to help shape corporate strategy, while being independent. "The regulators expect him (CFO) to be independent. He ... More

SOCIETY & DEVELOPMENT
Agro Tech joins hands with SACH
Agro Tech Foods Ltd has joined hands with SACH (Save A Child's Heart), an NGO promoted by the Apollo Hospitals group, to offer financial support to children suffering from heart problems. The company would donate a rupee on every litre of its ... More

OUTLOOK
UB Group plans to consolidate operations
The UB Group is considering a move to consolidate its administrative operations under UB Holdings and charge transaction processing fee to its companies such as McDowell's and United Breweries for using its services. The Group President and ... More

ONGC approaches Ministry on cost recovery
For unfinished work programme under NELP More

IOC to get Rs 7,000-cr oil bonds by month-end
In talks with Reliance, GAIL for gas supply More

Essar Oil's first crude consignment arrives in Gujarat
Refinery is expected to be commissioned in phases More

Brandix India bullish on Vizag project
Sets up training facility for women at Pendurthi to work in apparel city More

MSPL's steel plant to be ready in 2009
Plant to be funded through internal accruals, public offering More

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Looking back
Sep. 10-Sep. 16
ONGC plans to develop 29 offshore marginal fields

Biocon gets set for cancer drug foray

To HLL, BPO was just another `functional silo'

Tetra Pak eyes growth in packaged milk

ONGC may bid for 50 blocks in NELP VI

Maruti loses case on domain name