The Hindu Business Line : Saturday, June 02, 2007

Space Hospitals expands healthcare networking
Space Hospitals, facilitator of telemedicine and consultancy services, has expanded its footprint to hospitals across the country. Addressing a press conference organised to mark the company's pilot project for ONGC, Mr A. Venkatramani, ... More

NEW BUSINESS
Soma bags Rs 329-cr road contract
Soma Enterprise Ltd, a leading infrastructure developer, has been awarded a Rs 329.4-crore road contract by National Highway Authority of India in a joint venture with Sunway Construction Sdn Bhd (SunCon), a Malaysian ... More

ESOPS
Re-jigging ESOPs for the FBT era
Given that the taxing event of the ESOP is the employee exercising the option, it makes sense not to do so, but to look for alternate ways of capturing the value. Imaginative employers can re-engineer ESOP without offending the SEBI guidelines. Imaginative employers can re-engineer ESOP without offending the SEBI guidelines. More

OUTSOURCING
`Service provision must come from the best possible location'
Offshoring a service, simply because it is possible to do so, may not always be the best solution, according to Mr Mark Kobayashi-Hillary, Director of the UK National Outsourcing Association. Speaking to Business Line, he said: "We are ... More

Tesco's captive centre handling high-end financial work
Focus on business analysis services likely More

MERGERS & ACQUISITIONS
Tata Tea buys 24% stake in Mount Everest for Rs 110 cr
Open offer for additional 20% at Rs 140 per share More

Lemon Tree eyeing acquisitions
Krizm Hotels Pvt Ltd plans to build a total of 2700 rooms under the Lemon Tree brand in India over the next few years, and is also looking at opportunistic inorganic growth by acquiring hotels in Ooty and Manali. Mr Patu Keswani, Chairman and ... More

TV Today buying group radio biz
TV Today on Friday said that it proposed to acquire the group's radio business after obtaining requisite approvals. " We also propose that the digital intellectual property held by TV Today and its holding company, Living Media ... More

NEW PROJECTS
TELK expansion in three phases
State to hold 51% and NTPC 44.6% stake More

Sona Okegawa expanding capacity
Sona Okegawa Precisions Forgings Ltd has said it would invest Rs 100 crore in the next one year for capacity expansion. This includes Rs 20 crore investment at Farukhnagar plant, Haryana, that has been set up in collaboration ... More

OVERSEAS INVESTMENTS
Hidesign plans more overseas stores
The Puducherry-based retailer of luxury leather goods Hidesign has big designs for the global market. It will be opening four more exclusive stores in Shanghai and add another to its existing outlet in Hong Kong. Capetown and Abu Dhabi are ... More

Jubilant completes acquisition of Hollister-Stier
Jubilant Organosys Ltd on Friday announced that it has completed the acquisition of Hollister-Stier Laboratories. The purchase price of $122 million and the reimbursement for the capacity augmentation programme of $18.7 million has been ... More

ALLIANCES & JOINT VENTURES
Minda group, Valeo join hands
Automotive component manufacturer AK Minda Group has announced a joint venture with the security systems division of the French company Valeo to set up a manufacturing facility at Pune. As per the agreement, both the companies would have a ... More

Pricol floats joint venture in Iran
For meeting the requirements of local automobile industry More

Coal India signs pact with DVC for MAMC revival
A memorandum of understanding was signed here today between Coal India Ltd and Damodar Valley Corporation (DVC) to examine prospects for joint development of manufacturing facilities for underground mining machinery and handling equipment, and ... More

OUTLOOK
DLF to invest Rs 5,000 cr in AP over 5 yrs
Real estate development major DLF Ltd has lined up Rs 5,000 crore to be invested in various ventures in Andhra Pradesh over the next five years. "As part of our expansion into the southern region, DLF will invest heavily in Hyderabad and other ... More

Punj Lloyd eyes EPC space in nuclear power plants
In talks for alliances with global majors More

Sterling plans investing Rs 400 cr for expansion
Sterling Holiday Resorts (India) Ltd, a Chennai-based company listed on the BSE, said it would look for a turnaround in terms of its presence in the hospitality industry in the next two years. The company plans to invest Rs 400 crore towards ... More

GAIL firming up plans for Jagdishpur-Haldia pipeline
Lack of supply of natural gas and delay in finalising the national pipeline policy has taken a toll on the project. Prospects of more gas production brighten More

PERFORMANCE
Rising interest rates bite Tata Motors sales in May
Heavy commercial vehicles offtake down by 17% More

PEOPLE
Honour for Tata
`OUTSTANDING CONTRIBUTION': Mr S.M. Krishna, Governor of Maharashtra, felicitating Mr Ratan Tata, Chairman, Tata Group, for his outstanding contribution to Indian industry at the Bombay Chamber of Commerce and Industry's annual general meeting in ... More