The Hindu Business Line : Wednesday, July 18, 2007

Fiat offering bi-fuel engine option in its models
Mumbai, July 16 Fiat India plans to offer bi-fuel engines — manufactured to run on petrol and other fuels like CNG — in its present and forthcoming models, said its Managing Director, Mr De Filippis Giovanni. Besides ... More

ITC Foods spices up the organic way
Bangalore, July 17 After health biscuits and snacks, ITC Foods is going organic now. The company has entered organic foods retailing with the launch of Aashirvaad Select organic spices. Aashirvaad Select will initially offer chilli, ... More

Ford’s new car qualifies for excise relief
Launches diesel variant of Fusion More

NEW BUSINESS
IVRCL bags Rs 202-cr contracts
IVRCL Infrastructures and Projects Ltd has bagged irrigation works of an aggregate value of Rs 202.70 crore in Karnataka. The contracts include modernisation of Bhadra right bank main canal (0-60 km) including lining works and rehabilitation of ... More

OUTSOURCING
DSCL to raise sourcing from China
New Delhi, July 17 DCM Shriram Consolidated Limited (DSCL) has finalised plans to source a large number of items, both raw material and finished products, from China. As a first step, the company set up a representative office in Beijing this ... More

COURTS/LEGAL ISSUES
HC ruling on workmen’s compensation law
Chennai, July 17 The Workmen’s Compensation Act, being a social welfare legislation, could not be allowed to be stultified by protracted litigation indulged in by petitioner, who was an employer, the Madurai Bench of the Madras High ... More

NEW PROJECTS
Birla Corp looks at raising cement production capacity
Brownfield expansions, greenfield projects on cards More

Posco firm on implementing Orissa project
Bhubaneswar, July 17 Posco India on Tuesday said that it was determined to implement its 12 million tonnes per annum capacity steel project in Orissa.“The company is confident, determined and committed to make this project ... More

Saudi group to set up $25-m manufacturing plant in India
Kochi, July 17 The Saudi Arabia-based Al Batterjee Group, a business conglomerate with an annual turnover of $200 million, is planning to set up a manufacturing plant for its Nunu range of baby care products in India. Addressing a press ... More

Tatipaka mini refinery capacity to be doubled
Rajahmundry, July 17 The capacity of the Tatipaka mini refinery of the ONGC in East Godavari district is to be doubled, by constructing another unit of equal capacity (200 MT per day), at a cost of Rs 40-45 crore, said Mr M.V. Subba Rao, ... More

INCOME TAX
MTNL gets Rs 1,461-cr IT refund
Mahanagar Telephone Nigam Ltd has got a refund of Rs 1,461.68 crore from the Income-Tax Department. This comes after the Income-Tax Appellate Tribunal had ordered the Department to refund the money collected with respect to licence fee and 80IA ... More

VENTURE CAPITAL
GVFL to raise Rs 300 cr by 2010
GVFL Ltd, India’s pioneer venture capital company, on Tuesday announced to enhance its existing fund portfolio by setting up a Rs 250-crore SME Technology Venture Fund (SMETVF) and another Rs 50 crore Tourism Fund, by 2010. For the first ... More

SICK UNITS
Trayons reopening likely before Onam
For around 1,200 workers of the sick Travancore Rayons Ltd (TRL) at nearby Peumbavoor, which completed six years of lay-off on Tuesday, the likely reopening of the company is going to be an Onam gift, as the Chief Minister, Mr V. ... More

GTC Industries out of BIFR net
More

OUTLOOK
Jessop plans tie-ups with global cos
For manufacture of metro coaches More

Renault Design India to play bigger role
Renault Design India, an observational unit since 2005, will now design vehicles for the Indian market and other regional markets. Its role will now go from initial project design through to the finalised mock-up of a vehicle. The ... More

Orchid Chem launching 3 products in US this year
Plans entering Japanese market in 2009-10 More

PERFORMANCE
Interest impact
More

Cheaper air travel hits Volvo bus sales
Bangalore, July 17 The boom in domestic air travel and issues over body parts has hurt the sales of Volvo buses in India, as a result of which private operators scaled down orders for the hi-tech buses last year.“Competition from ... More

BHEL boiler consignment flagged off
The first consignment of boiler columns for the refinery of Bharat Oman Refineries Ltd (BORL) at Bina in Madhya Pradesh was flagged recently from Bharat Heavy Electricals Ltd (BHEL) by Mr R.P. Singh, Managing Director, BORL, and Mr R.N. Misra, ... More

PEOPLE
Punjab Tractors gets new Chairman
The board of directors of Punjab Tractors Ltd (PTL) has appointed Mr Anjanikumar Choudhari as Chairman of the company. Mr Choudhari is currently President (farm equipment sector) of Mahindra & Mahindra (M&M). In other appointments, Mr ... More