The Hindu Business Line : Tuesday, May 20, 2008

PREFERENTIAL ALLOTMENTS
Berger Paints issues warrants to overseas promoter
Kolkata, May 19 Berger Paints said that it has issued 2 crore equity warrant issue to one of its overseas promoters — Jenson & Nicholson (Asia) Ltd, UK — to mop up Rs 99 crore after conversion into equity. Statutorily, ... More

DIVIDEND ANNOUNCEMENT
TRF board for 100% dividend
TRF Ltd has informed the BSE that the board of directors of the company at its meeting held on May 17 has recommended a dividend of Rs 10 (100 per cent) on each equity share for the year 2007-08. – Our ... More

Honda Siel to pay 40% dividend
Honda Siel Power Products Ltd has informed the BSE that the board of directors at its meeting held on May 17 has recommended a dividend of 40 per cent on the equity shares of the company for the year ended March 31, 2008. – Our ... More

NEW BUSINESS
PSL bags orders worth Rs 1,225 cr
Pipe manufacturing company PSL Ltd, makers of coated pipes for transporting hydrocarbon/water products and helical submerged arc welded pipes, said it has bagged two orders worth Rs 1,225 crore from HPCL-Mittal Pipelines Ltd and Larsen & ... More

AWARDS & HONOURS
Nagarjuna Construction gets award
A water project designed and implemented by Nagarjuna Construction Company Ltd (NCC) has won a national urban water award for this year. The “Combined Water Supply scheme to 156 villages and two towns in Amaravati district in ... More

MERGERS & ACQUISITIONS
Champagne Indage buys UK’s Darlington Wines
Mumbai, May 19 Champagne Indage Ltd has acquired the consolidated assets of the United Kingdom’s Darlington Wines, an independent supplier of wine, for an undisclosed amount.Darlington Wines has a bottling plant under Corby ... More

McLeod Russel-Morgan Tea merger
The Moran Tea Company (India ) Ltd no longer exists. The process of its merger into McLeod Russel became complete last Friday when McLeod Russel filed with the Registrar of Companies the certified copy of the order passed by Calcutta High Court ... More

NEW PROJECTS
REC to fund debt portion of NTPC’s Chennai project
NTPC-TNEB venture to set up 1000-MW project More

OVERSEAS INVESTMENTS
ONGC Videsh to relinquish block in Libya
‘Partners feel the block does not hold significant potential’ More

After Seychelles and Brunei, Hatsun setting up ice-cream unit in Fiji
New Delhi, May 19 After Seychelles, Hatsun Agro Product Ltd is now planning to put up a manufacturing facility for its ‘Arun’ ice-cream in Fiji.“We hope to commission the plant by September. Just as in Seychelles, this ... More

LMW setting up plant in China
Coimbatore, May 19 Textile machinery manufacturing major Lakshmi Machine Works plans to set up a greenfield project in China to manufacture textile spinning machinery.“It would be a wholly owned subsidiary of LMW and only ... More

ALLIANCES & JOINT VENTURES
BSEL Infra to invest Rs 18,000 cr in Malaysian project
Mumbai, May 19 Mumbai-based BSEL Infrastructure Realty Ltd said it has signed a memorandum of understanding with the Government of Malaysia’s statutory body Iskandar Regional Development Authority for development of the proposed Iskandar ... More

Trivitron signs 3 joint venture pacts for medical equipment
Chennai, May 19 Medical technology company Trivitron has signed three joint venture pacts with Aloka from Japan, Biosystems of Spain and Brandon Medical of UK to manufacture black and white ultrasound systems and colour dopplers, and a wide ... More

Reliance ties up with Hollywood production cos
Mumbai, May 19 Reliance Big Entertainment, the media and entertainment company of the Reliance ADA Group, will provide development funds to eight leading creative forces in Hollywood. Reliance Big Entertainment’s Chairman, Mr ... More

INTERVIEW
‘We have a healthy cash flow from carbon credits’
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