The Hindu Business Line : Wednesday, June 11, 2008

OVERSEAS BORROWINGS
Tata Motors seeks to raise $1 b abroad
Mumbai, June 10 Tata Motors plans to raise $1 billion (Rs 4,300 crore) from the overseas markets, to meet its fund requirements, including for acquisitions. In a notice sent to its shareholders on Tuesday seeking their approval for the fund ... More

AWARDS & HONOURS
Award for Shanta Biotech chief
Mr K.I. Varaprasad Reddy, Chairman and Managing Director of Shanta Biotechnics Ltd, has been chosen for the ‘Lifetime Achievement Award’ of the Hyderabad Management Association for the year 2008. The entrepreneur of the year award ... More

Business excellency award
More

ENVIRONMENT
MCF takes up rainwater harvesting
Mangalore Chemicals and Fertilizers (MCF) Ltd has taken up rainwater harvesting facility at its township at Kunjathbail in Mangalore. A press release by the company said here on Tuesday that the rainwater harvesting scheme consists of collection ... More

RESTRUCTURING
Grasim sells sponge iron unit to Welspun Power
Deal worth Rs 1,030 cr; proceeds to be invested in cement, fibre More

MERGERS & ACQUISITIONS
Sun has to decide on Taro promoters’ stake this month
Co may want to avoid protracted legal wrangle More

NEW PROJECTS
Anil Products to expand capacity, target Rs 50 cr exports in FY10
Anil Products Ltd (APL), one of India’s largest corn wet millers and leading manufacturer of starch, would expand its manufacturing capacity here for modified starch with an investment of nearly Rs 12crore over the next two years. ... More

Mantri Developers to re-enter Pune with realty projects
Mantri Developers, who have their presence in Bangalore, Hyderabad, Chennai and Goa, are now re-entering Pune with projects in the commercial and residential segment.Talking to presspersons, Mr Sushil Mantri, Chairman and Managing ... More

Sanghi Polyesters to raise Rs 200 cr PE funds
Hyderabad, June 10 Sanghi Polyesters Ltd (SPL) is planning to raise Rs 200 crore from private equity funds to clear debts and fund expansion plans.“Initially, most of them were not keen to invest in the textile business as they ... More

OVERSEAS INVESTMENTS
Archean group picks up stake in Senegal phosphoric acid co
Chennai, June 10 The Chennai-based Archean group, which has interests in ores and minerals, shipping and industrial chemicals, is all set to own a part of Industries Chimiques de Senegal (ICS), a company based in Senegal that produces ... More

Omaxe forays into Dubai market
Real estate company Omaxe on Tuesday announced its foray into Dubai market through its wholly owned new subsidiary Rohtas Holdings (Gulf) Ltd. “The subsidiary has also ventured, by way of acquisition/joint venture through special purpose ... More

REGULATORY BODIES & RULINGS
Aurobindo’s pill gets USFDA nod
Aurobindo Pharma Ltd received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Zaleplon capsules in 5 mg and 10 mg dosages. The capsules are the generic equivalent of King Pharmaceuticals’ Sonata ... More

TRADE & LABOUR UNIONS
Labour problem at Hindalco unit settled
Thiruvananthapuram, June 10 The labour unrest at Hindalco Industries Ltd at Kalamassery, near Kochi, has been settled.At a meeting held in the Labour Commissioner’s office on Tuesday, it was decided to set up an additional press ... More

ALLIANCES & JOINT VENTURES
Mylan, Natco tie up to market drug
More

VENTURE CAPITAL
IDFC picks up 22% in Seaways Shipping
Chennai, June 10 IDFC PE-II, a venture fund of Infrastructure Development Finance Corporation, has picked up 22 per cent stake in the Seaways Shipping Ltd, for Rs 120 crore. According to people in the know, the funds are to be used for buying ... More

OUTLOOK
Mando India looks to double turnover this year
In talks with four OEMs to supply braking systems, shock absorbers, struts More

Marriott plans to line up new properties
Hyderabad, June 10 Marriott International, the global hospitality group, is planning to have a line-up of 25 properties in the country in the next few years, including four each in Bangalore and Hyderabad, two in Chennai and one each in ... More

Hind Motors sees parts biz as growth driver
Bets on introduction of new brands More