The Hindu Business Line : Wednesday, March 26, 2008

DIVIDEND ANNOUNCEMENT
BEML pays 55% interim dividend
BEML Ltd has declared 55 per cent interim dividend for fiscal 2007-08. Its CMD, Mr V.RS. Natarajan, presented a cheque for Rs 12.37 crore to the Defence Minister, Mr A.K. Antony, in New Delhi on Tuesday, a release said. The Government of India ... More

NEW BUSINESS
IVRCL bags Rs 79-cr research centre project
Hyderabad, March 25 IVRCL Infrastructures and Projects Ltd (IVRCL), the city-based infrastructure company, has bagged a Rs 79-crore contract to build a animal husbandry research centre in Andhra Pradesh at the upcoming Indira Gandhi Centre for ... More

HUMAN RESOURCES
DuPont plans to double manpower in India
To open knowledge centre by June More

RESTRUCTURING
GHCL restructuring is long-term positive
Future listing, stake sale to impact stock More

MERGERS & ACQUISITIONS
Tatas close to sealing deal with Ford
Formal announcement may be made today More

NEW PROJECTS
New health tourism project at Aluva
The 150-year-old Kandamkulathy Vaidyasala Group, which provides traditional ayurvedic treatment, has come up with its latest project in health tourism – Ayursoukyam Resorts – at Aluva near here. The Rs 5-crore project is expected to ... More

REGULATORY BODIES & RULINGS
NPPA raises Ibuprofen price
The National Pharmaceutical Pricing Authority has revised the maximum sale price for Ibuprofen from Rs 404 per kg to Rs 442 per kg. The move will benefit companies such as IOL Chemicals and Pharmaceuticals Ltd, which manufactures the drug in ... More

ALLIANCES & JOINT VENTURES
Power Finance, IREDA sign pact
New Delhi, March 25 Power Finance Corporation Ltd (PFC) and Indian Renewable Energy Development Agency Ltd (IREDA) on Tuesday signed a memorandum of understanding (MoU) for undertaking joint financing of renewable energy, energy efficiency and ... More

Maharashtra, Universal group sign MoU
Pune, March 25 Pune-based Universal Construction Equipment and Machinery Pvt Ltd has signed a memorandum of understanding (MoU) with the State Government for additional manufacturing facility at Shivare. The MoU was signed by Mr V.K. ... More

Tata Sons arm, Yahoo! tie up for cloud computing research
Yahoo! Inc and Tata Sons subsidiary firm Computational Research Laboratories (CRL) have entered into an agreement to make available-EKA, the fourth fastest supercomputer in the world- for cloud computing research in India.This effort is ... More

PVH Corp, Arvind Brands ink pact
Phillips-Van Heusen Corp has signed an exclusive licence agreement with Arvind Brands for its sportswear brand IZOD. According to the multi-year agreement, Arvind Brands will design, distribute and retail the American brand in India. It covers a ... More

OUTLOOK
Electrotherm plans to launch higher capacity bikes
Electrotherm (India) Ltd, the Gujarat-based manufacturer of battery-powered two-wheelers, now plans to launch higher capacity bikes that compete with 125 cc motorcycles.The company is in the process of setting up a battery plant in ... More

Shalby Hospitals to invest Rs 450 cr in India, abroad
Ahmedabad, March 25 Multi-speciality, tertiary care Shalby Hospitals Ltd will invest Rs 450 crore in the next five years to set up OPDs in eight cities of the world and 10 more clinics in the country to expand its reach to patients. The ... More

ONGC targets 29.04 mt crude production in 2008-09
New Delhi, March 25 ONGC said that it has set a target to produce 29.04 million tonne (mt) of crude and 25.05 billion cubic metre (BCM) of gas a day for 2008-09. According to the memorandum of understanding (MoU) signed with the ... More

GAIL sets gas transmission target
New Delhi, March 25 GAIL (India) Ltd has set a target of transmitting around 81.5 million standard cubic metre of gas per day (mmscmd) in 2008-09. According to the annual performance memorandum of understanding signed with the ... More

Cobra Beer earmarks $80 m for expansion
Looking at organic, inorganic growth More