The Hindu Business Line : Saturday, May 19, 2007

ANNOUNCEMENTS
Maruti equips new cars with anti-theft device
Maruti Udyog Ltd has said that the company is equipping its cars with Immobiliser, an anti-theft device. Cars fitted with the device would be soon available at all its showrooms across the country. Due to the Immobiliser, there has been a ... More

More Machismo from Enfield
The latest, Machismo 500, the bike with the pulling power of a tractor, was launched on Friday. More

NEW BUSINESS
BHPV gets Rs 20-cr HAL order
Bharat Heavy Plate and Vessels Ltd (BHPV) has received an order worth Rs 20 crore from HAL for supply of 20 sets of critical heat exchangers to be used in the Tejas light combat aircraft, according to a company release. It added ... More

TECHNOLOGY
`Cushion-of-air' conveyers to be available here soon
Bevcon joins hands with Australian co Aerobelt for tech tie-up More

RESTRUCTURING
Bajaj Auto skids further
The stock price of Bajaj Auto fell by Rs 213.50 or 8.54 per cent to close at Rs 2,286.80 on the BSE on Friday. The company's stock plunged for the second consecutive day as analysts continued to express concern over the valuation of the ... More

MERGERS & ACQUISITIONS
`Videocon bid for Daewoo Elect falls through'
Videocon Industries remained tight-lipped over reports that its $750-million bid for Daewoo Electronics of South Korea has fallen through on pricing considerations. Media reports from Seoul quoting sources from Daewoo creditors said that the ... More

NEW PROJECTS
Laxai setting up data centre in Hyderabad
Contract research services provider, Laxai Avanti Life Sciences Pvt Ltd, will set up a 100-seat clinical data management centre in Hyderabad by the year-end. The company, which had been allotted a four-acre plot in ICICI Knowledge Park, would ... More

TNPL to invite tenders for mill development programme
Expansion project targeted for completion by Sept 2009 More

Cobra Beer plans first production unit in Punjab
The UK-based Cobra Beer on Friday said that it would be setting up its first greenfield unit in Punjab with an investment of around $10 million. The second unit at Hyderabad will follow with a similar investment. "We are in the process of ... More

Wockhardt to start work at Aurangabad SEZ soon
Having received Government approval recently, drug-maker Wockhardt expects to commence work at its Special Economic Zone (SEZ) in Aurangabad. The company will put up a sterile injectibles plant at the SEZ, Wockhardt's Chairman, Mr Habil ... More

OVERSEAS INVESTMENTS
ONGC Videsh, OIL skip latest auction rounds in Nigeria
Essar Energy Holding wins a block More

Navratna oil PSUs allowed to invest abroad
The RBI has allowed Navratna public sector undertakings to invest in unincorporated entities in the oil sector abroad under the automatic route, without prior approval. It has liberalised and simplified the procedures for Navratna PSUs — ... More

ALLIANCES & JOINT VENTURES
Medi Assist, HP tie-up
Medi Assist India Pvt Ltd has announced a partnership with Hewlett Packard to develop customized applications for running Third Party Administration services and to provide end-to-end healthcare solutions to customers. The deal has been valued ... More

SOCIETY & DEVELOPMENT
Corporation Bank's gesture to underprivileged children
Corporation Bank has launched `Corp Compassion' scheme to help underprivileged children. The bank will donate Rs 10 to the underprivileged children for every account opened under the `Corp Compassion' scheme. The campaign to open savings ... More

SICK UNITS
IDPL revival referred to panel
The Union Cabinet on Thursday approved signing of an agreement of cooperation and mutual assistance on customs matters between India and South Africa. It also gave its nod for a similar agreement between India and Brazil. ... More

OUTLOOK
Devaki Hospital plans telemedicine facility
Feasibility study report in three months More

PERFORMANCE
Dr Reddy's posts $75 m net income in Q4
Total revenues for the quarter grew 125 per cent to $361 million More

Tata Motors vehicles sales rise 28% in 2006-07
Tata Motors has sold a record 5.80 lakh vehicles in 2006-07. The company has also crossed the milestone of four-million vehicle sales since its first vehicle rolled out in 1954. Announcing the annual results here on Friday, Mr Ravi Kant, ... More

PEOPLE
Naresh Trehan quits Escorts Heart
Escorts Heart Institute and Research Centre Ltd (EHIRCL) today announced the departure of Dr Naresh Trehan, who relinquishes the post of Executive Director of the Institute to concentrate on his Medicity business venture. ... More