The Hindu Business Line : Tuesday, October 02, 2007

ANNOUNCEMENTS
Steel prices rise by Rs 400-800/tonne
New Delhi, Oct. 1 Rising international and input costs has seen domestic steel prices increase between Rs 400 and Rs 800 per tonne across various products with effect from Monday.The largest domestic steel manufacturer, Steel Authority ... More

Tata Tea goes for single umbrella brand
Mumbai, Oct 1 Having bagged the largest volume share in the tea market, Tata Tea has decided to unify all its tea brands under the name of Tata Tea. The four Tata Tea brands – Tata Tea Premium, Tata Tea Gold, Tata Tea Agni and ... More

AWARDS & HONOURS
Sterlite bags QualTech Prize 2007
Tuticorin-based Sterlite Industries India Ltd has bagged ‘QualTech Prize 2007’, instituted by Qimpro College, Mumbai. A team from the company bagged the award at QualTech Finals 2007 held on September 21 at Mumbai for its innovative ... More

INSIGHT
PERSPECTIVE
Chemistry of corporate teams
Teamwork is a concept well known to everyone. But the chemistry and discipline it involves are not. Some important criteria for building a good team are its size, skills, purpose, approach, and accountability. Teams are assembled for different ... More

ACCOUNTANCY
First meeting of quality review board for CAs on Oct 5
The first-ever meeting of the Government constituted quality review board (QRB) for chartered accountants would take place here on October 5. The meeting would map out the future course of action for the QRB, sources familiar with the ... More

RESTRUCTURING
Gulf Oil hints at hiving off units
Plans Rs 1,000-cr IT, ITeS Park near Bangalore More

MERGERS & ACQUISITIONS
Time Technoplast acquires Ned Energy for Rs 50 cr
Time Technoplast Ltd has announced the acquisition of Hyderabad-based battery maker Ned Energy Systems in a cash-cum-stock deal valued at about Rs 50 crore.The buyout constitutes 74 per cent stake of NED, which has a manufacturing base ... More

NEW PROJECTS
Falcon Tyres plans expansion, new product lines
Mysore, Oct. 1 Ruia group’s Falcon Tyres is planning capacity addition for its foray into off-the-road (OTR) tyres and industrial rubber product segments to increase profitability. Falcon currently manufactures two- and three-wheeler ... More

SAIL investing Rs 1,000 cr in 3 pellet plants
New Delhi, Oct. 1 Steel Authority of India Ltd would be investing around Rs 1,000 crore for setting up at least three greenfield pellet plants. The total capacity would be 6 million tonnes (mt) and will help the company ramp up its production ... More

OVERSEAS INVESTMENTS
Coal SPV may look at iron ore blocks
Priority is to acquire coal properties abroad, says Steel Secretary More

Ruia group buys controlling stake in Malaysia’s Industronics
Kolkata, Oct. 1 The Ruia group has acquired 30 per cent controlling stake in Industronics Berhad of Malaysia for an undisclosed sum. The acquisition was carried out through Ruia group SPV, Bloom Billions Sdn Bhd, in June this year. A ... More

‘MNCs invest abroad more for securing inputs for their final output’
A China may have attracted hundreds of billions of dollars in foreign direct investment on the promise of cheap labour costs. But if two Western academicians are to be believed, bulk of the FDI happens not for exploiting factor cost ... More

Cadila looking at fresh jt ventures in Europe, Gulf
Opens manufacturing unit in Ethiopia More

DIVERSIFICATION
Cades plans to diversify into composites
To partner with EADS for aerospace design More

OUTLOOK
Tata Motors may relaunch Indica cars in UK, Europe
London, Oct. 1 Tata Motors may relaunch Indica cars in the UK and European markets directly, Mr S.A. Hasan, Managing Director, Tata Ltd UK, the British arm of the Tata Group, said on Monday. The Tatas earlier had a tie-up with MG Rover ... More

Italian group Itema to start production in Coimbatore
The Italy-based Itema Group is to commence production from its Coimbatore textile machinery unit under the Savio brand name from January 2008. Talking to a group of visiting journalists, company officials said that the new Indian textile ... More

Timken India plans to tap infrastructure boom
Opens office in Kolkata, setting up facility in Chennai More