The Hindu Business Line : Thursday, July 12, 2007

CORPORATE DISPUTES
Novartis case: Stage set for order on IPAB appointment
Mumbai, July 11 With arguments regarding the appointment of Mr S. Chandrasekaran, former Controller-General of Patents, as a technical member on the Intellectual Property Appellate Board (IPAB) having been completed on Tuesday, the stage is ... More

INVESTMENTS
Liquid funds, fixed maturity plans aid corporate treasury
Firm rates, absence of alternatives make short-term funds attractive More

ESOPS
Dr. Reddy’s ESOP allotment
The compensation committee of Dr Reddy’s Laboratories has allotted 47,590 equity shares of Rs 5 each of the company on Tuesday to employees who have exercised their stock options as per Stock Option Scheme, 2002, according to a release. ... More

MERGERS & ACQUISITIONS
Dabur Foods merged with Dabur India
Expanding presence in wellness space More

O&M scouts for specialist agencies to take over
Chennai, July 11 Advertising agency Ogilvy & Mather is on the prowl to acquire specialist outfits in high growth areas such as new media and healthcare communications. “We are at the moment looking at four or five acquisitions in ... More

NEW PROJECTS
Vizag Mayor promises water to Jindal plant
Visakhapatnam, July 11As the controversy is raging on the proposed bauxite mining in Visakhapatnam district and the alumina refinery in the S. Kota mandal of Vizianagaram district, the Mayor of the Greater Visakhapatnam Municipal Corporation, ... More

OVERSEAS INVESTMENTS
GSPC mulls overseas arm for exploration abroad
Has interests in 8 blocks in Australia, East Timor, Egypt, Yemen More

ALLIANCES & JOINT VENTURES
Adani mulls jt venture for LNG terminalling
User group as partner may get minority stake More

Synthite Chem, Aromco of UK form venture
Aromco Ltd, the UK based flavour house, has entered into a joint venture with the Kochi-based spice oleoresin company, Synthite Industrial Chemicals, to manufacture winning flavour solutions based on customer specific briefs. The new ... More

NTPC to invest Rs 1,000 cr in joint venture
New Delhi, July 11 The board of NTPC Ltd. has cleared a proposal to invest up to Rs 1,000 crore in its joint venture company, Aravali Power Company Pvt Ltd. Aravali Power is a joint venture firm formed by NTPC, Indraprastha Power Generation ... More

SOCIETY & DEVELOPMENT
FICCI initiative on affirmative action
New Delhi, July 11 In a bid to give a fillip to its affirmative action initiative, industry body FICCI has constituted committees to facilitate upliftment of the backward classes.Mr Onkar S. Kanwar, Chairman and Managing Director of ... More

OUTLOOK
MRPL examining alternatives for benchmarking Cairn’s crude
Looking for non-Indonesian crude basket proposed by Cairn-ONGC More

GMR Infra setting up 2 teams to look for new projects
New Delhi, July 11 Fresh from its recent success in Turkey, GMR Infrastructure plans to set up two teams to look for business opportunities in energy, roads and airport projects in India and abroad, a senior company officer said on ... More

‘FACT facing crisis on rising sulphur prices’
Thiruvananthapuram, July 11 The Fertilisers and Chemicals Travancore (FACT) was facing severe crisis due to a steep increase in the price of sulphur in the international market, the Industries Minister, Mr Elamaram Kareem, said in the State ... More

Bajaj Auto Finance to ride on new areas
Will target personal loans, used truck finance More

PERFORMANCE
Sony India records 26% growth in Q1
New Delhi, July 11 Sony India on Wednesday reported an increase of 26 per cent in its sales for the first quarter ending June 30, 2007 to Rs 596 crore from Rs 472 crore in the same period last fiscal.“Our revenue growth continues ... More

Strings of success
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PEOPLE
‘A multi-faceted personality’
One of the doyens of Indian industry Dr Bharat Ram, chairman emeritus of DCM Group and SRF Ltd, is no more. His name will go down in the annals of history not just as an astute businessman, but one with a multi-faceted personality who thought ... More