OVERSEAS BORROWINGS
`ECB curbs to check debt flows into realty'
The Union Finance Minister, Mr P. Chidambaram, on Monday said that the recent move to block the use of external commercial borrowing (ECB) for the development of integrated townships was aimed at slowing the external debt flow in the real estate ... More

NEW BUSINESS
IVRCL bags Rs 551-cr orders
IVRCL Infrastructures & Projects Ltd has bagged orders worth Rs 551 crore. According to a press release from the Hyderabad-based company, the orders relate to two irrigation projects in Kadapa district worth Rs 275 crore and Rs More

INSIGHT
Ethics and business
What could have been the origin of ideals such as `morality' and `ethics' in the tortuous course of the evolution of mankind? When would have man started thinking in terms of what was right and wrong? At some stage, there must have been a ... More

MERGERS & ACQUISITIONS
Sun Pharma buys Israel co for $454 m
Taro acquisition marks 2nd largest in pharma space More

M&M sets new timeline for open offers
Mahindra & Mahindra on Monday announced a new schedule for its open offers to buy 20 per cent stake each in Punjab Tractors and Swaraj Engines. The timeline for the two separate open offers, which were delayed, have been finalised and now open . More

How the scotch stock was key to UB deal
"A key logic of the deal is the 115 million litres of bulk scotch inventory of Whyte & Mackay that United will import to bottle in India for the domestic market.'' More

NEW PROJECTS
Nava Bharat's Orissa plant to have 1,050 MW capacity
Raises stake to 51%; Q4 revenues, net rise More

KPR's mega garment complex getting ready
Yarn production to be doubled; garment output to treble More

Sandvik expands Pune design centre
Sandvik Asia Ltd, a wholly owned subsidiary of the $10-billion Swedish group Sandvik, has completed a Rs 10 crore expansion of its Pune Design & Development centre, making it an independent engineering, procurement and construction (EPC) company More

ALLIANCES & JOINT VENTURES
Emaar forms 50:50 construction venture with Leighton Asia
Real estate player Emaar MGF Land Pvt Ltd has formed a 50-50 joint venture with Leighton Asia Southern, part of Australia's Leighton Group, to carry out construction of its projects in India. The new company, Leighton Construction India Pvt ... More

SICK UNITS
Panel for expediting HSL, HDPEL revival packages
Even as the Government considers revival packages for two shipyards — Hindustan Shipyard Ltd (HSL) and Hooghly Dock and Port Engineers Ltd (HDPEL) — a house panel has called for an early implementation of both the packages. The two ... More

High-level panel meet to take up Travancore Rayons' liabilities issue
The Government may have to write off some of these dues and, hence, a decision of the Cabinet might be necessary, the Minister said. More

OUTLOOK
Atul Auto sets sales target at 22,000 units
Increase in dealership network planned More

IOC may upgrade, expand Barauni, Mathura refineries
Preliminary study over; feasibility report for board in 6 months More

PERFORMANCE
SAIL rides on higher demand, price realisation
Q4 net zooms 72% to Rs 1,902 cr; full-year net rises 55% More

Record for BHEL power sets
Bharat Heavy Electricals Ltd (BHEL) on Monday said the company's power generating sets produced 7.5 per cent more electricity in 2006-07 at 432.81 billion units compared with the previous fiscal. The company's thermal sets ... More

`Rising rupee hasn't hurt us'
If the last two months of slide in dollar rate against rupee were agonising for most garment exporters in Tirupur, KPR Mill managed to insulate itself from the value loss arising from the strengthening rupee. "Though we export 95 per cent of ... More

PEOPLE
GE appoints new India chief
General Electric Company on Monday named Mr Tejpreet Singh Chopra as the President and Chief Executive Officer for its Indian division. Mr Chopra would be responsible for strategic and overall leadership of all GE businesses in ... More