Business Daily from THE HINDU group of publications
Tuesday, October 30, 2007
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CORPORATE

ANNOUNCEMENTS
Autogas LPG stations in AP
Aegis Logistics Ltd, a logistics solutions provider and marketer of bulk LPG, is planning to set up 70 autogas LPG outlets in Andhra Pradesh through a franchisee route. The company has inducted Keerthej Autogas agency as the sole agent for ... More

Call to allot captive mines to Vizag Steel
Visakhapatnam, Oct. 29 It is imperative that the Union Government take immediate steps to allocate captive iron ore mines to the Visakhapatnam Steel Plant, as otherwise the future of the plant will be bleak, according to Mr M.K. Pandhe, ... More

OVERSEAS BORROWINGS
‘More flexible norms for ECB, infrastructure investment must’
Guidelines for pension, insurance funds need to be revisited: Chidambaram More

XL Telecom allots $5-m FCCBs
XL Telecom & Energy Ltd has informed the BSE that the company has allotted additional foreign currency convertible bonds (FCCBs) worth $5 million, thereby taking the total allotment to $40 million (about Rs 160 crore). The company allotted ... More

Northgate GDRs Luxembourg listing
Northgate Technologies Ltd has informed the BSE that the 36,60,000 Global Depository Receipts issued by the company on October 23, have been officially listed on the Luxembourg Stock Exchange under Euro MTF market. Each GDR represents 1/2 of one ... More

DIVIDEND ANNOUNCEMENT
Sundram Fasteners Q2 net rises, to pay 45% interim
Sundram Fasteners Ltd recorded total sales and other income of Rs 597.09 crore for the half year ended September 30, 2007 as against Rs 605.02 crore achieved during the same period in the previous year.Export sales for the period were ... More

BEL pays Rs 85-cr dividend to Govt
More

NEW BUSINESS
IVRCL bags Rs 346-cr orders
IVRCL Infrastructures and Projects Ltd has bagged new orders aggregating to Rs 346.80 crore in Rajasthan and Maharashtra. The orders included water transmission works (Rs 223.52 crore) and power transmission works (Rs 123.28 crore), according to ... More

AWARDS & HONOURS
Companies gear up for CII-Exim Bank Award
Only six companies have won this award since its inception more than a decade ago, while many have figured in the three other levels signifying various milestones that the organisations could aim for as they progress their journey towards the ... More

MERGERS & ACQUISITIONS
Hinduja group eyeing Kakinada refinery
In talks with ONGC; Gulf Oil may acquire stake More

NEW PROJECTS
Maruti to invest $1.8 b in Haryana R&D facility
Net profit rises 27%; Nakanishi to replace Khattar More

Steel sector boom propels Ferro Alloys Q2 net profit
New Delhi, Oct. 29 The surge in the steel sector has helped Ferro Alloys Corporation (FACOR) record a 248.05 per cent rise in its net profit for the second-quarter ended September 30, 2007. The group’s net profit was at Rs 43.75 crore ... More

ALLIANCES & JOINT VENTURES
Ghosn visits Bajaj Auto's Chakan plant
More

Nissan’s Ghosn gung-ho on Indian auto market
‘All the growth taking place in developing markets’ More

Talwalkars to launch premium health clubs
Plans joint venture with European major More

Ashok Leyland, Nissan sign pact to produce LCVs, power trains
Chennai, Oct 29 Ashok Leyland and Nissan on Monday formally signed a master co-operation agreement to set up three joint venture companies in India. The two partners intend to invest $500 million (Rs 2,000 crore) across the three companies. ... More

Andhra varsity, Heramec ink pact
More

OUTLOOK
FCI Aravali hopes to get mining leases for gypsum
New Delhi, Oct. 29 FCI Aravali Gypsum & Minerals India Ltd (FAGMIL) expects to secure five new mining leases for the exploration of gypsum. “We have applied for the licences for five new mines for the exploration of gypsum and ... More

PEOPLE
New Director for RINL
More






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P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
‘More flexible norms for ECB, infrastructure investment must’

All signals are positive, says PM

Ease curbs on financial sector: Paulson

Gold coins demand sluggish on price volatility

India may become 5th largest consumer market by 2025: McKinsey

Durables sales in H1 surpass last year’s annual growth: Survey

Ghosn visits Bajaj Auto's Chakan plant

HDFC spreads seen improving

Maruti to invest $1.8 b in Haryana R&D facility

Looking back
Oct. 21-Oct. 27
HC order on Novartis appeal hearing likely today

Corporate governance: Survey lists pros and cons of family owned cos

Shishir Bajaj alleges plans were made to oust him from Bajaj Sevashram

GAIL mulls diversifying into gas pipeline construction biz


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