The Hindu Business Line : Thursday, August 09, 2007

ANNOUNCEMENTS
Yamaha to roll out premium bikes in November
Yamaha is all set to roll out its flagship brands in the country in November. The 1000 cc bike – R1 – will be launched in select metros in November and the 1700 cc bike – MT 01 – will be introduced in January ... More

Merrill Lynch sheds stake in Goldstone
Merrill Lynch Capital Markets Espana has informed NSE that they have sold 3,00,000 shares amounting to 2.3 per cent of equity in Goldstone Technologies, thereby bringing down its total holding in the company to 3.85 per cent. —Our ... More

OVERSEAS BORROWINGS
‘ECB curbs may not impact much funds inflow’
Mumbai, Aug. 8 The recent restriction on overseas borrowings by corporates may curb inflows of foreign funds into the country only to a small extent, say bankers. They were, however, divided on the impact of this move on the value of the ... More

‘ECB curbs won’t affect investments’
New Delhi, Aug. 8 A day after the Government curtailed overseas borrowing by domestic companies, the Finance Minister, Mr P. Chidambaram, on Wednesday said claims that the ECB curbs would hurt investments were exaggerated. Faced with ... More

Mixed views on impact of tighter ECB norms
‘Indirect boost to IT, textiles stocks; Banks to see more loan demand’ More

NEW BUSINESS
Sai Sudhir Infra bags orders
More

HUMAN RESOURCES
More than free meals
Companies in the voucher business are planning to go beyond meals and gifts and involve themselves in social and community programmes. More

NEW PROJECTS
Ramky group setting up pharma incubation centres
Ramky Group plans to create two distinct incubation centres for pharma companies near Vizag with an investment outlay of Rs 170 crore. Of this Rs 50 crore would be invested in phase-I to host 25 start-ups.The Hyderabad-based civil and ... More

Bombardier setting up metro coach factory in Vadodara
Expanding its existing converter facility’s capabilities More

Greaves Cotton sets up new light diesel engine facility
Pune, Aug. 8 Greaves Cotton has set up a new facility to manufacture light diesel engines at Aurangabad. The modern plant that was inaugurated by the Chairman, Mr Karan Thapar, on Tuesday has been built with an investment of over Rs 60 crore. ... More

SVIL Mines to launch marble processing unit
New Delhi, Aug. 8 SVIL Mines Ltd, the marble division of the New Delhi-based Floriana Group, will be launching its marble processing unit shortly. The company is also looking at opening over 300 retail outlets exclusively for marble slabs and ... More

Ceat zeroes in on Patalganga for off-the-road unit
Proposed 60-tonne facility will mainly be for exports More

Suryachakra Power mulls 1,200-MW plant in Orissa
Hyderabad, Aug.8 Suryachakra Power Corporation Ltd has informed the BSE that the company is in talks with the Orissa Government for setting up a 1200-MW thermal power project.It is in the process of securing various approvals for land ... More

OVERSEAS INVESTMENTS
GAIL may join hands with Reliance for overseas petrochem projects
GAIL (India) Ltd is likely to join forces with Reliance Industries Ltd (RIL) for setting up petrochemical projects abroad. Sources said that the board of GAIL, which met last month, has allowed the company to continue looking at strategic ... More

REGULATORY BODIES & RULINGS
Strides gets nod for nausea drug
Strides Arcolab said it has received its first ANDA approval from Canadian regulator Health Canada for its advanced anti-nausea drug, Ondansetron injection 2 mg/ml. Strides has licensed the product to an undisclosed partner in Canada and expects ... More

ALLIANCES & JOINT VENTURES
Minda Group, Furukawa sign pact
Auto component maker A.K. Minda Group on Wednesday announced its joint venture with Furukawa Electric Co Ltd, a $9-billion Japanese component supplier to cater to the Japanese companies such as Suzuki, Honda, Toyota in the Indian market. The ... More

SOCIETY & DEVELOPMENT
Steel PSUs to spend Rs 230 cr on CSR schemes
New Delhi, Aug. 8 Public sector undertakings under the Steel Ministry would be spending Rs 230 crore on corporate social responsibility (CSR) programmes during the current financial year.Out of this, the major contributions are from ... More

SICK UNITS
Cabinet okays reopening of Travancore Rayons
Rs 50 cr allocated for road repair works More

OUTLOOK
SAIL plans more coking coal import thru Vizag port
To meet the needs of other steel plants apart from Bhilai More

Tata Power all set for nuclear power foray
Awaiting Govt nod; alignments with equipment suppliers ready More

Maruti raises export target for current fiscal
Maruti Udyog Ltd (MUL) has revised its export target for the current fiscal to 55,000 units as compared to about 50,000 units that it had said earlier. Considering these figures, Maruti’s exports may grow by about 40 per cent as ... More

Tata Sky investing Rs 2,000 cr more
New Delhi, Aug. 8 DTH service provider Tata Sky today said it had touched a subscriber base of one million and was confident of servicing 8 million subscribers in the next five years. Declining to divulge revenues, Mr Vikram Kaushik, ... More