The Hindu Business Line : Thursday, October 04, 2007

DIVIDEND ANNOUNCEMENT
SAIL gets dividend from NSPCL
NTPC-SAIL Power Supply Company Ltd (NSPCL), a 50:50 joint venture between Steel Authority of India Ltd (SAIL) and National Thermal Power Corporation (NTPC), on Wednesday paid Rs 3 crore to SAIL as the final dividend for the financial year ... More

NEW BUSINESS
Patel Engg bags Rs 428-cr orders
More

DLF rises 16.4% on Bangalore tender news
Awaits formal letter of the contract More

RESTRUCTURING
G V Films to be split into 3 cos
Chennai, Oct. 3 The Web casting and film screening divisions of G V Films are to be spun off into separate companies. G V Films will remain in the business of production and distribution of films and teleserials.This was announced to ... More

REC forms subsidiary for foray into power distribution
Initial focus on monitoring distribution activities in States More

MERGERS & ACQUISITIONS
Steve and Barry’s ropes in Indian partner
Entering market through single brand retailing route More

Ranbaxy hikes stake in Zenotech Lab to 45%
To make open offer at Rs 160 per share More

NEW PROJECTS
Sandvik setting up new facility for mining equipment
May look at medical implant manufacture More

Schneider opens plant in AP; aims for 35-40% exports
Gagillapur (Andhra Pradesh), Oct. 3 Schneider Electric, the €15.6-billion major, has announced the commissioning of its ninth manufacturing unit at Gagillapur in Medak district near here and is poised to further ramp up exports and ... More

ONGC okays investment proposals for Mumbai High
New Delhi, Oct. 3 The board of Oil and Natural Gas Corporation (ONGC) on Wednesday approved investment proposals of Rs 5,713 crore for second phase of redevelopment of Mumbai High in western offshore. Western Offshore contributes around 16 ... More

OVERSEAS INVESTMENTS
Essar plans to invest in oil exploration sector in Vietnam
Submits bid for block in Song Hong Basin More

TRADE & LABOUR UNIONS
TN Govt had applied its mind, says HC
Referring Deccan Sugars case to Industrial Tribunal More

ALLIANCES & JOINT VENTURES
Sobha Developers joins hands with QVC Realty for Gurgaon project
Bangalore, Oct. 3 Sobha Developers Ltd announced its joint development agreement with QVC Realty and Chintels India Ltd, the flagship company of the Chintels Group having large land banks in National Capital Region (NCR), to develop a 192-acre ... More

Thermax inks deal with Georgia Pacific Chem
Pune, Oct. 3 Energy and environment company Thermax Ltd has inked a technology and manufacturing licence agreement with the Atlanta-based Georgia Pacific Chemicals LLC for performance enhancing chemicals, which has applications in the paper ... More

OUTLOOK
Tata group plans to list INCAT here
London, Oct. 3 The Tata group proposes to list in India, INCAT, an international engineering and design service company which it took over in 2005. Founded in 1989, INCAT operates in 12 countries including the US, UK and India and ... More

Reliance plans facility to convert petroleum coke into synthetic fuel
Reliance Industries Ltd is planning to convert petroleum coke, a low-value residual output of refining crude petroleum, into synthetic fuel such as diesel and naphtha. Given the differential in prices between the two products, the ... More

Brunner Mond seeks Tatas’ help to identify new business
A ‘land’ of opportunity is awaiting the Tatas to be exploited at Northwich, Cheshire, about 400 km away from London. Here is where the Europe’s largest soda ash manufacturer Brunner Mond – the company Tata ... More

PERFORMANCE
Sundaram Clayton posts 30% growth in turnover
Chennai, Oct. 3 Sundaram Clayton will have a ‘minimal’ growth this year due to slowdown witnessed in Indian economy and the US market, the company’s managing director, Mr Venu Srinivasan, told shareholders. However, ... More

RINL posts Rs 4,192-cr H1 turnover
Rashtriya Ispat Nigam Ltd (RINL) has achieved a record sales turnover of Rs 4,192 crore during the first half of the current financial year, according to a press release issued by the company. In the previous year (2006-07), the company achieved ... More

SAIL posts 18% growth in saleable steel in Sept
New Delhi, Oct 3 Steel Authority of India Ltd (SAIL) has recorded the best-ever performance in September by producing 1.1 million tonnes (mt) of saleable steel, a growth of 18 per cent over September 2006. A release from the company has ... More

PEOPLE
Top-level changes in UB Group
Bangalore, Oct. 3 The UB Group has announced a series of changes in key management positions across its several group companies. Mr Ashwin Malik, 49, who was the chief operations officer of the northern regional profit centre has been ... More