The Hindu Business Line : Friday, May 30, 2008

ANNOUNCEMENTS
Dish TV can borrow more
Dish TV India, Essel Group DTH business has informed Bombay Stock Exchange that the members at the extraordinary general meeting of the company held on May 29, has among other things, approved to increase the authorised share capital of the ... More

OVERSEAS BORROWINGS
Corporates can borrow up to $50 m overseas
FII limit in g-secs, corporate debt raised More

PTC plans to raise $500 m
PTC India on Thursday said that it planned to raise $500 million to meet its growing requirements. ‘The requirements are huge. But we also have to look at the market appetite. Any fund worthwhile should not be less than $300 million. But ... More

Havells India among 14 FDI plans cleared
New Delhi, May 29 Havells India’s proposal entailing issue of shares and convertible warrants worth Rs 278 crore was among the 14 foreign direct investment proposals cleared by the Government on Thursday. The 14 proposals together would ... More

DIVIDEND ANNOUNCEMENT
Hyderabad Industries to pay 50%
More

COURTS/LEGAL ISSUES
Wipro Lighting wins trademark infringement case
Bangalore, May 29 Wipro Consumer Care & Lighting has won a trademark infringement case against a Delhi company that had been using its brand name and similar packaging to sell its GLS lamps. The Delhi High Court has recently issued ... More

MANAGEMENT
CXO forum launched
Bangalore, May 29 CXOs across all industries are increasingly facing the pressure of their organisations’ organic growth, changes in the operating environment and an unprecedented rise in compensation. Organisations have to ... More

FINANCIAL PERFORMANCE
IMPACT
L&T delivers on growth
Strong order book belies slowdown concerns More

MERGERS & ACQUISITIONS
Jubilant concludes acquisition of Draxis
Jubilant Organosys Ltd has completed the transaction to acquire Canada based Draxis Speciality Pharmaceuticals Inc. Draxis offers products in three categories: sterile products, non-sterile products and radiopharmaceuticals It operates ... More

Exide to invest up to Rs 35 cr to acquire lead smelter co
Kolkata, May 29 Close on the heels of acquiring 100 per cent interest in Pune-based Tandon Metals at Rs 25 crore, Exide Industries Ltd plans to acquire another lead smelter capacity at an investment of up to Rs 35 crore.According to an ... More

Emami picks up more in Zandu Pharma
Kolkata, May 29 Emami has increased its stake in Zandu Pharmaceutical Works Ltd by 10.91 per cent through off-market deals, ending near the 15 per cent threshold set by the SEBI takeover norms. If crossed, it will make way for acquisition of ... More

IMPACT
Taro pains for Sun Pharma
Clarity on acquisition may emerge after June 25 More

SAT sets aside SEBI order against Holcim
‘The company had not violated takeover regulations’ More

OVERSEAS INVESTMENTS
Taro can’t terminate merger: Sun Pharma
Mumbai, May 29 “Taro is not entitled to terminate the merger as per our agreement,” said Mr Dilip Shanghvi, Chairman and Managing Director of Sun Pharmaceutical, a day after the Israeli drug company terminated the $454-million ... More

OIL, partners to get Libyan assets
More

Karuturi to grow paddy, vegetables in Ethiopia
Plans raising $250 m, acquires 1 lakh acres More

NMDC, Spice Minerals sign MoU
Hyderabad, May 29 NMDC Ltd and Spice Minerals & Metals, part of the Spice Energy group, have signed a Memorandum of Understanding on Thursday to float a joint venture, which will seek overseas acquisitions and projects.The 50:50 ... More

INTERVIEW
‘Internal financing, new launches will be our focus’
Our objective for Nano is still Rs 1 lakh: Ravi Kant More

RIGHTS ISSUE
Tata Motors plummets 8% on equity dilution
Drop in Q4 net, rising inflation lead to investors’ caution More

BONUS ANNOUNCEMENTS
L&T beats rising prices to take net up 38%; bonus set at 1:1
Margins well protected by cost-plus basis pricing on new jobs More

JM Financial announces 3:2 bonus
Consolidated Q4 net up 39%; to split share to Re 1 More

OUTLOOK
Aditya Birla Minerals scouring for copper assets
Recently in Perth Aditya Birla Minerals Ltd, in which Hindalco holds 51 per cent stake, is looking for new mines and opportunities across the globe, including Africa and South America.“Copper assets are difficult to find and buy. ... More

L&T schedules first of 3 IPOs for 2009-10
Infotech arm most likely to lead listing More

Chaithanya Paints to double production capacity
Kochi, May 29 The Kochi-based Chaithanya Paints (P) Ltd, an SSI paint company, is to double its production capacity from 4 lakh litres a year considering the growing demand for premium decorative paints in the market. Mr L.R. Potti, ... More

Linde to invest €1 b in Indian arm BOC to scale up operations
Primary focus to be on steel More

PEOPLE
Spanish Ambassador visits Tata Ficosa plant
Pune, May 29 Mr Ión de la Riva, Ambassador of Spain, along with Mr Erik Rovina, Economic and Commercial Counsellor, on Thursday visited the Tata Ficosa Automotive Systems, a 50:50 joint venture of Tata Auto Comp Systems Ltd and Ficosa ... More