The Hindu Business Line : Thursday, May 29, 2008

NEW BUSINESS
Minda Ind bags VW order
Minda Industries Ltd (MIL) said that it has bagged order worth Rs 50 crore from German car maker Volkswagen to supply headlamps and rear lamps for their future models for the domestic market. The orders also include supply of rear lamps for the ... More

COURTS/LEGAL ISSUES
Ranbaxy gets mixed verdict on Pfizer’s Lipitor in Australia
New Delhi, May 28 In a partial victory for Ranbaxy Laboratories in its patent litigation against Pfizer, an Australian court has ruled in favour of the Indian company in a case relating to Atorvastatin, the world’s largest selling ... More

TAXATION
ONGC may reimburse part of service tax to shipping cos
Mumbai, May 28 Shipping companies and other offshore service providers may get some financial relief soon, with ONGC indicating that it is “inclined” to reimburse at least a part of the service tax that these companies had been ... More

FINANCIAL PERFORMANCE
IMPACT
M&M: Muted profits despite strong sales
Utility vehicles, engines beat slowdown More

MERGERS & ACQUISITIONS
Sun Pharma-Taro merger deal off
Offer not adequate, says Israeli drug-maker More

Dr Reddy’s now on the prowl to buy domestic companies
Eyes entities in therapeutic areas of gastroenteritis, pain management More

CORPORATE GOVERNANCE
The importance of appointing a secretary
The regulators, the Securities and Exchange Board of India (SEBI) and the Ministry of Corporate Affairs (MCA) do have regulations for the compulsory appointment of managerial personnel in companies. SEBI has directed stock exchanges to include ... More

NEW PROJECTS
Tata Power to invest Rs 500 cr for wind power expansion
Mumbai, May 28 Energy major Tata Power would be adding 115 MW of wind power capacity in the current fiscal at an estimated investment of Rs 500 crore, said Mr S. Ramakrishnan, Executive Director of the company. He said that the new ... More

Toyoda to invest Rs 45 cr for safety systems
New Delhi, May 28 Japanese auto parts and diversified manufacturing company Toyoda Gosei Co Ltd on Tuesday announced an investment of Rs 45 crore to set up a safety system subsidiary at Neemrana (Rajasthan) to produce products such as steering ... More

Blood bags maker Terumo Penpol opens new plant
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GMR likely to set up ONGC’s proposed refinery in Kakinada
Investment could exceed original estimate of Rs 31,000 cr More

ALLIANCES & JOINT VENTURES
Hi-tech Universal ties up with Signatures Designs
Coimbatore, May 28 The Coimbatore-based Hi-tech Universal Printers and Publishers Pvt Ltd has joined hands with creative advertising company Signatures Designs and Communications, to offer the latest in printing technology and to cater to ... More

Anand Group, Swedish co venture
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E-COMMERCE & E-BUSINESS
MSTC in pact with Coal India
According to a CIL press release, MSTC was selected as service provider through acompetitive bidding process. As part of its bid tointroduce a more transparent and efficient procurementsystem, the coal major already entered into integritypacts ... More

DIVERSIFICATION
Empee Distilleries plans fuel wood cultivation
Chennai, May 28 Empee Distilleries Ltd is exploring opportunities to get into captive farming of fuel wood to feed its biomass-based power plants, according to company officials.The company has licence to set up three plants — at ... More

RIGHTS ISSUE
Tata Motors plans 3 types of rights issue
Proposal includes shares with differential voting rights with separate listing More

OUTLOOK
IOC to restrict auto fuel supplies to contain losses
Diesel imports already stopped; to go slow on new LPG connections More

Pindar Set to consolidate operations; eyes new media
Hyderabad, May 28 Pindar Set India, part of the UK-based diversified Pindar Set Group, engaged in creative services for Yellow Pages and Business Pages, is set to diversify into providing ad content for Web.The Indian operation of ... More