The Hindu Business Line : Thursday, August 30, 2007

ANNOUNCEMENTS
Volvo Cars to launch S80, XC90
Swedish car maker, Volvo Corporations’ subsidiary, Volvo Cars India, on Wednesday announced its entry into the Indian market through the launch of its sedan S80 and a sport-utility vehicle XC90 next month. Both the models will be available ... More

BUYBACK
Delisting vs buyback
To the avid advocate of shareholder democracy and equity cult, both delisting and buyback are an anathema. But which one is a greater evil assuming both are evils? In India as elsewhere, the liberal view that has come to prevail is that listing ... More

Abbott to consider buyback
Pharmaceutical company Abbott India Ltd’s board will meet on September 5 to consider a proposal for buyback of a portion of fully paid equity shares of the company at a price to be determined by the board, not exceeding Rs 650 per equity ... More

PREFERENTIAL ALLOTMENTS
Priyadarshini Spng warrants
The board of directors of Priyadarshini Spinning Mills Ltd has decided to allot 10 lakh warrants, each convertible into one equity share of Rs 10 each at a premium of Rs 15 a share to the promoters on preferential basis. The decision was taken at ... More

CORPORATE DISPUTES
Bajaj brothers close to reaching settlement
Company Law Board resumes hearing on 4-year-old dispute More

DIVIDEND ANNOUNCEMENT
Tata Steel declares special centenary dividend
Mumbai, Aug. 29 Mr Ratan Tata, Chairman, Tata Steel Ltd, said a special 25 per cent dividend had been declared to mark the centenary year of the company. With this shareholders would get 155 per dividend, inclusive of the special ... More

Demand boosts BILT net 20% in Q4; 30% dividend declared
New Delhi, Aug. 29 Aided by a strong demand of paper in recent quarters, Ballarpur Industries Ltd (BILT) on Wednesday reported a 19.68 per cent increase in its net profit at Rs 66.28 crore for the fourth quarter ended June 30, 2007, compared ... More

RESTRUCTURING
GMR Group rejigs top brass
G.M. Rao to head the Group from October 1 More

MERGERS & ACQUISITIONS
Competition Bill: Cos must give notice of M&A moves
Prescribes threshold limit; non-compliance may result in fine More

NEW PROJECTS
Ashok Leyland plans bus body building unit at Alwar
New Delhi, Aug 29 In an attempt to leverage its existing assembly unit for chassis in Rajasthan, commercial vehicle manufacturer Ashok Leyland is likely to set up a bus body building unit at its Alwar plant.Rajasthan Government sources ... More

DustVen sets up Rs 6-crore fabrication facility
Bangalore, Aug. 29 DustVen, a Bangalore-based company manufacturing air pollution control equipment (APC), on Wednesday announced setting up a new facility at a cost of Rs 6 crore for the fabrication of APC equipment equivalent of 400 tonnes ... More

Hindujas may have to renegotiate Simhadri land terms
Hyderabad, Aug. 29 The Hindujas, who have evinced interest to revive the 1,040-MW coal-based power plant planned at Simhadri near Visakhapatnam by making it a merchant power plant, may have to renegotiate the terms of the project and also ... More

ALLIANCES & JOINT VENTURES
Ashok Leyland, Nissan join hands to produce trucks
Three joint venture companies for LCVs, powertrains, R&D More

Nissan’s second attempt at Indian LCV market
Hyderabad/Chennai, Aug. 29 Nissan’s proposed joint venture with Ashok Leyland is the Japanese company’s second attempt at the Indian light commercial vehicle market. In the mid-1980s, Nissan tied up with an Andhra Pradesh ... More

Cairn, GAIL celebrate dispute-free association
Enjoy 10 years of gas sales arrangement at Ravva venture More

Eveready, HDIL in land deal
Eveready Industries India Ltd has entered into a Memorandum of Understanding with Housing Development & Infrastructure Ltd for the transfer and/or assignment of its right, title and interest under a lease for land at Navi Mumbai for the ... More

RIGHTS ISSUE
Corus buy boosts Tata Steel Q1 consolidated profits 5-fold
Major gains from pension fund investments More

OUTLOOK
Toyota Kirloskar Motor to launch used car business
Likely roll out in Chennai, Bangalore and Delhi More

Bajaj Auto plans bike that runs 109 km a litre
Hyderabad, Aug. 29 Bajaj Auto is planning to launch a fuel-efficient 125 cc bike that offers 109 km a litre.This bike, called Exceed, is slated to be launched in mid-September, according to Mr Vimal Sumbly, National Sales ... More