The Hindu Business Line : Wednesday, May 23, 2007

OVERSEAS BORROWINGS
KSL Realty's successful bond offer
KSL Realty and Infrastructure has announced that it has successfully placed $80 million through the issue of Foreign Currency Convertible Bonds (FCCBs). The issue was closed on May 18, 2007. The bonds have been listed on the ... More

NEW BUSINESS
ABB bags Delhi Metro order
ABB Ltd has bagged an order worth Rs 289 crore from Delhi Metro Rail Corporation Ltd (DMRC). Under the order, the company will supply the turnkey electrification package for Phase II of the Metro line spanning 10 corridors across ... More

COURTS/LEGAL ISSUES
Mines row: SAIL, Jharkhand may settle out of court
Govt has refused to extend lease More

MERGERS & ACQUISITIONS
ONGC Videsh eyeing stake in Azerbaijan oil field
ONGC Videsh Ltd (OVL), the overseas investment arm of Oil and Natural Gas Corporation, is eyeing stake in the producing oil field of Kyurobdag in Azerbaijan. According to a company official, if OVL bids and is successful, it would mark the ... More

NEW PROJECTS
Reliance setting up pharma unit at Jamnagar SEZ
Sees opportunities in generic space More

Ceat firming up plans for two greenfield facilities
OTR unit near Mumbai, radial facility outside Maharashtra More

L&T builds regenerator for RPL
Larsen & Toubro's Heavy Engineering division has completed building one of the world's largest FCC regenerators and combustors, a crucial part of the Reliance Petroleum's refinery coming up at Jamnagar in Gujarat. A company ... More

28 cos keen on setting up industrial units in Sikkim
Thrust areas identified for industrial development More

TRADE & LABOUR UNIONS
Bleak prospects worries KIOCL employees
With hope receding after the Supreme order of December last year on reviving mining operations by Kudremukh Iron Ore Company Ltd (KIOCL), its employees are worried about their future. Even as their jobs will be protected with full salary and ... More

ALLIANCES & JOINT VENTURES
TV18, Viacom ink deal for entertainment company
Joint venture launching Hindi language channel within a year More

Compact Disc, Canyon Films tie up
Compact Disc India Ltd (CDI) has entered into a $20.15-million (Rs 82 crore) deal with Canyon Films, a division of Hollywood production company Motion Pixel Corporation, to co-produce GoaaaaaL! a soccer-based 3D animation ... More

INTERVIEW
Exports not affecting domestic formulations biz: Alembic
Alembic has come out with the fourth quarter numbers of FY07. The company has reported a net profit of Rs 11 crore as against Rs 17 crore in the corresponding quarter of the previous year. Mr Chirayu Amin, CMD, says the company's FY07 profit ... More

DIVERSIFICATION
L&T looking at integrated port-shipyard facility
Open to having `small participation' from other players More

OUTLOOK
Piaggio plans exclusive four-wheeler retail chain
Piaggio Vehicles is all set to launch a sub-one-tonne four-wheeler with a difference. The company will introduce the vehicle in a span of two months through an exclusive dealer network in the country, wherein a separate chain of dealerships ... More

Oil cos: Rupee gain softens impact of crude prices
The rupee appreciation has had a beneficial impact on oil marketing firms as their purchase prices are benchmarked to international product prices. More

Marck Bio targeting South for parenterals
Marck Biosciences on Tuesday announced it was investing Rs 72 crore to augment its capacity of parenterals to target the Southern States, which account for 28 per cent of the Rs 1,600-crore market. The company, which aims to achieve a revenue ... More