The Hindu Business Line : Saturday, July 14, 2007

Steel melt shop works launched
Mr P.K Bishnoi, Chairman and Managing Director of the Visakhapatnam steel plant, inaugurated structural erection works in the billet storage yard of the steel melt shop (No. 2) on Friday as a part of the expansion project. Sunil Hi-tech Engineers ... More

NEW BUSINESS
L&T bags Rs 853-cr orders
Mumbai, July 13 Larsen and Toubro has bagged contracts valued at Rs 853 crore. It has a Rs 366-crore order from the Abu Dhabi Water & Electricity Authority for design, supply, installation and commissioning of the two 132/22 kV substations ... More

HUMAN RESOURCES
Fiat plans to recruit 4,000 for Ranjangaon facility
Fiat India will recruit about 4,000 people for its upcoming manufacturing plant at Ranjangaon in Maharashtra. The recruitment would be done in the next 18 months, said Mr De Filippis Giovanni, Managing Director, Fiat India. The company, ... More

MERGERS & ACQUISITIONS
Titan board may discuss amalgamation
Bangalore, July 13 Titan Industries plans to discuss the mode of amalgamation/merger of three of its associate companies — Samrat Holdings, Titan Holdings and Questar Investments — with the company at a meeting of the board of ... More

OVERSEAS INVESTMENTS
‘Indian cos exploring opportunities in Turkey’
Railway, oil & gas, pharma, mining sectors on the radar More

ALLIANCES & JOINT VENTURES
Geojit approves $2 m for BNP Paribas joint Venture
The company would be operating out of Mumbai in about two months More

Vijay Shanthi in pact with Italian tile maker
The Chennai-based Vijay Shanthi Builders will use luxury glass mosaic tiles manufactured by Bisazza S.p.A., Italy for its high-end residential projects in the South.Both companies announced an agreement in this context today.Mr ... More

OUTLOOK
Reliance upbeat on Cauvery Basin prospects
Company holds 100 per cent interest in the block More

Maytas Properties chalks big plans
Hyderabad, July 13 Maytas Properties, which has three notified IT SEZs and a host of realty projects under its belt, has set an ambitious target to develop 35-40 million sq ft area across the country in the next 3-5 years. In the three IT ... More

GSPC more than doubles capex budget
To be mostly invested on KG basin find More

GSPC may go in for IPO in 2008
The Gujarat Energy Minister, Mr Saurabh Patel, confirmed to Business Line that though the State Government is committed to making GSPC public, it would wait for the company to establish its KG basin find further and extract maximum ... More

Suven seeks nod for drug trials
Hyderabad, July 13 Suven Life Sciences Ltd has applied to the Drug Controller-General of India (DCGI) for permission to undertake Phase-1 clinical trials with its investigational new drug SUVN-502, a novel, highly selective and orally active ... More

Real Estate Bank plans 3,000 franchisees
Hyderabad, July 13 The Bangalore-based Real Estate Bank of India (REBI), which is positioning itself as a ‘one shop’ step for real estate services, plans to invest up to Rs 25 crore in the next one year to open around 3,000 ... More

PEOPLE
Ratan Tata becomes LSE Honorary Fellow
Mumbai, July 13 Mr Ratan Tata, Chairman of Tata Sons, was made an Honorary Fellow of the London School of Economics and Political Science at a function held on Thursday.Honorary fellowships are awarded by LSE each year to people who ... More