The Hindu Business Line : Tuesday, October 23, 2007

ANNOUNCEMENTS
Hybrids: Toyota wants import norms eased
Tokyo, Oct. 22 Toyota Motor’s Indian subsidiary has asked the Government to consider relaxing norms for import of hybrid cars such as Prius.An official with Toyota Kirloskar Motor Company told Business Line that ... More

Ranbaxy gets nod for Lisinopril
Ranbaxy Laboratories has announced that it has received approval to manufacture and market Ran- Lisinopril 5, 10 and 20 mg tablets from Health Canada, Therapeutic Products Directorate (TPD). “Lisinopril is indicated for the treatment of ... More

COURTS/LEGAL ISSUES
Bajaj brothers see no meeting point yet
Differences persist in proposed division of group companies More

HC order on Novartis appeal hearing likely today
IPAB Bench may look into rejection of Glivec application More

MERGERS & ACQUISITIONS
Warburg Pincus to pick 11.2% in Havells India for $110 m
New Delhi, Oct. 22 Global private equity major Warburg Pincus will invest $110 million to pick up 11.2 per cent stake in electrical equipment company Havells India Ltd. Havells would utilise the funds to partly retire debt raised by the ... More

NEW PROJECTS
Ennore Foundries’ Q2 net rises to Rs 4.7 cr
Announces Rs 350-cr fresh capex for next three years More

Aditya Birla group to raise cement production capacity
New Delhi, Oct. 22 The Aditya Birla Group said on Monday it plans to increase its cement production capacity by almost 50 per cent to 46 million tonnes over the next one year. The group also announced a change of name of its ... More

Posco has no plans to shift location: CM
The Orissa Chief Minister, Mr Naveen Patnaik, on Monday said that Posco had no plans to shift its 12 million tonne per annum capacity steel project from Jagatsinghpur district of the State.Talking to presspersons here, Mr Patnaik said ... More

OVERSEAS INVESTMENTS
ONGC Mittal acquires 30% in exploratory block in Turkmenistan
New Delhi, Oct. 22 ONGC Mittal Energy Ltd (OMEL), the joint venture between ONGC Videsh Ltd (OVL) and Mittal Investment Sarl (MIS), has acquired 30 per cent participating interest (PI) in an exploratory block in offshore Turkmenistan in ... More

TRADE & LABOUR UNIONS
Building workers seek welfare benefits
Mangalore, Oct. 22 The Karnataka State Building and Other Construction Workers’ Federation has said that building workers are not getting the benefits they are entitled for, in spite of rules to provide various benefits to them. ... More

Skoda employees protest current wage settlement
Mumbai, Oct. 22 Permanent employees of Skoda Auto India’s Aurangabad facility have struck work demanding a pay revision. “The non-performance (strike) of these employees is primarily due to a dispute between the workers and ... More

ALLIANCES & JOINT VENTURES
Royal Palms in marketing tie-up with Great Hotels
Mumbai, Oct. 22 Hospitality player Royal Palms has entered into a co-branding and marketing tie-up with Great Hotels of the World for its 116-villa luxury hotel coming up at Goregaon here. The Palms, slated for opening this month, is ... More

Triveni enters deal with GE for manufacturing compressors
New Delhi, Oct. 22 General Electric Company (GE) has signed an agreement with Triveni Engineering and Industries Ltd for manufacturing compressors for the oil and gas industry in India. According to the pact, Triveni will import bare ... More

VENTURE CAPITAL
Sunteck gets Rs 140 cr from Kotak realty fund
Mumbai, Oct. 22 The Mumbai-based Sunteck Realty Group, on Monday said it would receive a significant investment of Rs 140 crore from Kotak Alternate Opportunities (India) Fund to part finance its expansion plans. Sunteck Realty said ... More

BONUS ANNOUNCEMENTS
Rajesh Exports bonus issue
The board of Rajesh Exports Ltd, at its meeting held on Monday, has (subject to the approval of shareholders of the company) decided to issue two bonus shares for every one share held by the shareholders (200 per cent bonus) and subdivide equity ... More

OUTLOOK
Mantri sees Hyderabad, Chennai driving realty boom
Firming up plans for township, hotel projects More

Cummins Generator to expand capacity
Pune, Oct. 22 Alternator manufacturer Cummins Generator Technologies India Ltd (CGT) is expanding capacity to cater to the boom in the telecom sector, and is set to commission a second facility in India at Ranjangaon in December. The ... More