The Hindu Business Line : Saturday, September 29, 2007

Oxyrich to export drinking water to S.Africa, Gulf
Hyderabad, Sept. 28 Oxyrich, the packaged drinking water company of the Manikchand group, has set its eyes on the South African and Gulf countries.“We have received a patent in South Africa for our oxygen-rich water product. We ... More

TAFE, City Union Bank enter into tie-up
Easy, quick finance for farmers buying tractors More

PREFERENTIAL ALLOTMENTS
Arvind Mills board okays 5.06 crore pref issue
Mumbai, Sept 28 The Board of Arvind Mills Ltd has approved the issue of 5.06 crore preferential warrants to the promoters of the company.Conversion

Upon their conversion into equity shares at the end of ... More

ESOPS
Jain Irrigation to distribute 5-lakh shares
Mumbai, Sept. 28 Jain Irrigation, a leading drip irrigation business, has grown to become a Rs 4,000 crore conglomerate. At the 20th AGM of the company, Mr Anil Jain, Managing Director, unveiled the company’s future ventures in ... More

OUTSOURCING
Volvo may outsource components worth $99 m
More

AWARDS & HONOURS
Muthuraman ‘CEO of the Year’
Mr B. Muthuraman, Managing Director of Tata Steel, has been conferred the “CEO of the Year” Award by Asia Brand Summit. Organised by the Asia Brand Congress, the award was conferred upon Mr Muthuraman for his “indomitable ... More

Deveshwar gets award
Mr Y.C. Deveshwar, Chairman, ITC Ltd, was conferred the SAM/SPG Sustainability Leadership Award 2007 at a ceremony held at the Swiss Re Centre for Global Dialogue in Zurich, Switzerland. An international jury headed by Mr Claude Martin, Chairman ... More

Intas Pharma wins excellence award
The Ahmedabad-based pharma major Intas Pharmaceuticals Ltd has won the Animal Pharm Global Excellence Award for corporate social responsibility (CSR). Animal Pharm, a publication on World Animal Health and Nutrition, had instituted these awards ... More

MERGERS & ACQUISITIONS
Del Monte acquires 40% in Bharti-EL Rothschild venture
New Delhi, Sept. 28 Bharti Enterprises and EL Rothschild Ltd on Friday announced that Del Monte Pacific Ltd, producers, marketers and distributors of premium food and beverage products, had bought 40 per cent stake in their joint venture, ... More

Amalgamations group, Federal Mogul part ways
Simpson to buy out US co’s 30% stake in India Pistons More

NEW PROJECTS
Philips plans to hike capacity at Mohali plant
Kolkata, Sept. 28 With the compact fluorescent lights (CFL) business growing at 20-25 per cent annually, Philips Electronics India Ltd is firming up plans to ramp up the production capacity at its Mohali plant in the years ahead. By ... More

ALLIANCES & JOINT VENTURES
Ansal API forms joint venture with Malaysian firm
New Delhi, Sept. 28 Real estate firm Ansal Properties and Infrastructure Ltd (Ansal API) on Friday signed a Memorandum of Understanding to form a joint venture company with UEM Builders, a subsidiary of Malaysian conglomerate UEM Group, to ... More

Canadian mining cos keen on joint ventures with India
Large mining companies from Canada are contemplating to form clusters, pooling their respective strengths to tap opportunities in India. A delegation of at least eight major corporates from Canada, currently travelling in the country to ... More

RIGHTS ISSUE
UB gets nod for rights issue
The board of directors of United Breweries has approved a proposal to raise funds not exceeding Rs 425 crore by way of issue of equity shares to the existing equity shareholders of the company on rights basis.In a communication to the ... More

Jet’s $400-m rights issue by Dec-Jan
Mumbai, Sept. 28 Jet Airways would be coming up with its rights issue of $400 million by December 2007 or January 2008, Mr Naresh Goyal, Chairman of Jet Airways, told the shareholders at the company’s AGM. On the decision to ... More

SICK UNITS
Thambbi Spinning Mills out of BIFR net
Pays off dues to all secured creditors More

OUTLOOK
Serum Institute to tap US, European markets
Pune, Sept. 28 Vaccine-maker Serum Institute of India Ltd will invest Rs 800-1,000 crore over the next few years in developing new products and setting up plants that meet the quality standards necessary for export to Europe and the US. ... More

Swiss firm aims to be key player in India’s cotton exports
BULLISH PROSPECTS More

Weiler Intl to tap auto sector for electronic circuits
More

PEOPLE
Quest Diagnostics gets new MD
Diagnostic testing, information and services company Quest Diagnostics Inc has appointed Mr Janak Singh Bajwa as Managing Director of Quest Diagnostics India. Mr Bajwa started his career with Tata Administrative Services. “The ability of ... More