The Hindu Business Line : Wednesday, July 09, 2008

CORPORATE

NEW PROJECTS: Tata Power may divest assets, holdings to part-finance capex
Estimates fund requirements at Rs 24,000 cr over next 4 yrs. Chennai, July 8 Tata Power, which estimates its fund requirements at Rs 24,000 crore over the next four years, may consider divesting various holdings or assets to part-finance its ...

MERGERS & ACQUISITIONS: M&As under competition commission to become simpler
Regulation proposed for additional threshold limit. New Delhi, July 8 Domestic companies eying overseas buyouts can tap opportunities without threat from the Competition Commission of India (CCI) looming large. ...

DIVIDEND ANNOUNCEMENT: No dividend from Suryalata Spng
The board of directors of Suryalata Spinning Mills Ltd has decided to withdraw the proposal for recommendation of dividend. The decision was taken keeping in mind the market conditions that had badly affected the company’s financial ...

OPEN OFFERS: SAT sets aside SEBI directive on Mysore Cements open offer
Mumbai, July 8 The Securities Appellate Tribunal has set aside the SEBI order which had directed German company Heidelberg Cement (represented by Cementrum IB.V) to pay the public shareholders of Mysore Cements Rs 72.50 per equity share in its ...

NEW PROJECTS: Posco, Mittal steel projects to miss production schedules
Projects stuck on land acquisition problems. New Delhi, July 8 Two of the largest steel projects in the country – ArcelorMittal in Jharkhand and Posco in Orissa – are unlikely to take off before 2010, by when they were originally ...

TRADE & LABOUR UNIONS: Bajaj Auto VRS plan hits roadblock
Pune, July 8 A week after the Bajaj Auto management offered a voluntary retirement (VRS) package to around 2,700 workers at its Akurdi plant, the issue has hit a road block. ...

OVERSEAS INVESTMENTS: Veeda Oncology acquires US company
Ahmedabad, July 8 Aiming to strengthen its global position, Veeda Oncology on Tuesday announced the acquisition of US-based International Oncology Network (ION) Clinical Research for an undisclosed financial consideration. ...

NEW BUSINESS: L&T bags Rs 1,047-cr Rly order
Mumbai, July 8 Engineering and construction company Larsen and Toubro has secured a Rs 1,047.60-crore order from the Indian Railways for setting up a cast steel wheel manufacturing plant at Saran (Chhapra) district of Bihar. ...

ALLIANCES & JOINT VENTURES: German Koki Technik partners with Best Group
New Delhi, July 8 German auto parts company Koki Technik GmbH has partnered with Best Group to produce transmission components in the domestic market to supply to car and commercial vehicle companies. ...

RESTRUCTURING: Arrow Webtex demerger gets nod
Coimbatore, July 8 Arrow Webtex Ltd has informed that following the order of the Bombay High Court made on June 6, the meetings of unsecured creditors and equity shareholders of the company were held on July 5 to consider and approve the ...

RESTRUCTURING: LIC buys Amrutanjan property
Life Insurance Corporation has acquired a 7-acre property from Amrutanjan Ltd for Rs 110 crore. According to information provided by Amrutanjan Ltd to the stock exchange, the company has sold the property at Egattur, about 20 km from Chennai, on ...