CORPORATE
ANNOUNCEMENTS
Hyundai cars to cost less in Tamil Nadu
Hyundai Motor India Ltd has announced that it would pass on the benefit of savings from VAT-driven tariff cuts to its customers. Implementation of the VAT regime, which has come into effect in the State on Monday, results in a flat levy of ...
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CORPORATE DISPUTES
ONGC sorts out differences with Essar-Premier consortium
Agrees to sign the product-sharing pact for Ratna R-series oilfields
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OVERSEAS BORROWINGS
Reliance Comm may raise funds abroad
Board meet on Jan 10 to consider FCCB issue
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NEW BUSINESS
L&T bags Rs 418-cr Abu Dhabi order
Engineering company Larsen & Toubro Ltd (L&T) has bagged an order valued at Rs 418 crore from the Abu Dhabi Water & Electricity Authority to construct six major electrical substations in the Al Ain sector of Abu Dhabi. As per the terms o
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AWARDS & HONOURS
M&M ranks 2nd in `most-trusted car co' study
Mahindra & Mahindra has been ranked second in the `most trusted car company in India' study conducted by TNS. M&M scored 127 points, seven points below the top ranking company (Maruti Udyog). According to a release, the list is based on ...
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ENVIRONMENT
Chemplast to spend Rs 75 cr on making Mettur plant eco-friendly
Chemplast Sanmar Ltd has said it would spend Rs 75 crore on converting its caustic soda plant in Mettur to the more environment-friendly membrane cell-based facility from the existing mercury-cell technology. In addition, the company intends ...
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FINANCIAL PERFORMANCE
CONTRA ENTRY
Misguided guidance?
Anything coming from the horse's mouth is taken seriously, which is why the quarterly guidance statements from companies must be stopped
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MERGERS & ACQUISITIONS
Aban hikes stake in Sinvest to 50 pc
Aban Offshore, through its Singapore-based subsidiary, has raised its stake in the Norwegian company Sinvest ASA from 40 per cent to 50.01 per cent, mainly by purchasing shares from First Securities ASA and ICICI Bank, UK. In all, Aban ...
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NEW PROJECTS
Kolkata's Ruby General Hospital unveils Rs 10-cr expansion plan
Releases country's first `patients' bill of rights'
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OVERSEAS INVESTMENTS
Ananda opens in Mauritius
Ananda in the Himalayas on Tuesday announced the opening of Shanti Ananda Maurice, the first destination Spa in Mauritius. The Spa has 55 spacious beachfront suites and villas all overlooking the sea. ...
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STANDARDS & BENCHMARKS
Sri Ramalinga Mill's unit is `5S' winner
Sri Ramalinga Mill Pvt Ltd's `B' unit in Arupukottai has been adjudged the overall winner among the textile mills that have figured in the second year competition for implementation of the `5S practices', the Japanese quality management ...
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SICK UNITS
Dunlop's Ambattur unit to resume operations soon
Dunlop India's facility at Ambattur, near Chennai, is expected to resume operations over the weekend. The plant has been out of operation for almost two months now. The plant, which had resumed commercial production in August 27, 2006 after ...
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OUTLOOK
ONGC may announce gas find in KG basin soon
`Gas availability will double in the next 5 years'
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SCI may turn to Chinese shipyards
Acquisitions of future tonnage
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New fertiliser policy likely this month
`FACT profit hinges on commissioning of LNG terminal at Kochi'
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PERFORMANCE
Tata Steel output, sales rise in April-Dec
Tata Steel's saleable steel production at 3.66 million tonnes during the first nine months of 2006-07 marked an increase of 11 per cent over saleable steel production during the corresponding period of last fiscal. During April-December 2006, ...
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SAIL registers record Q3 output at 3.3 mt
Steel Authority of India Ltd has achieved a record production of 3.318 million tonnes of saleable steel and the highest ever sale of 3.014 million tonnes during October-December in the current financial year. In a statement the company said it ...
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Ford India sells 42,000 cars in 2006
Ford India Ltd sold 42,060 cars in the calendar year 2006, compared with 22,526 units in 2005, says a press release from the company. In December 2006, the company sold 1,983 cars. Meanwhile, the company said it had raised prices ...
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PEOPLE
Venkitaramanan quits SPIC board
Mr S. Venkitaramanan has resigned from the board of directors of Southern Petrochemical Industries Corporation (SPIC), the company informed the stock exchanges on Wednesday. Mr Venkitaramanan, a former Governor of the Reserve Bank of India, had ...
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