The Hindu Business Line : Saturday, August 09, 2008

CORPORATE

NEW PROJECTS: SC okays forest clearance for Posco, Sterlite projects
Sterlite to pay 10% profit or Rs 10 cr, whichever is more, for tribal welfare. New Delhi, Aug. 8 In a significant ruling that may boost the morale of the investing community, the Supreme Court on Friday gave its go ahead for diversion of ...

OUTLOOK: Asia Pacific shelves plan to start breweries in North
To feed markets there from Hyderabad, Aurangabad base. Bangalore, Aug. 8 Asia Pacific Breweries (APB), which makes Tiger and Heineken beer, has shelved its plans to start breweries in north India while it is planning to revive its brewery in ...

PREFERENTIAL ALLOTMENTS: Dr Reddy’s withdraws warrants
Pharma major Dr Reddy’s Laboratories has withdrawn a proposed issue of 8.41 million share warrants on a preferential basis to promoters firm Dr Reddy’s Laboratories Holdings Ltd. “The warrants were withdrawn as the founding ...

NEW PROJECTS: Jaiprakash Associates to invest Rs 3,000 cr to build new cement plants
Chennai, Aug. 8 The Rs 4,270-crore Jaiprakash Associates Ltd proposes to invest Rs 3,000 crore over the next four years to create new capacities and augment the existing capacities of cement and cement ...

BONUS ANNOUNCEMENTS: Aspinwall bonus shares in 1:1 ratio

NEW PROJECTS: Bangalore Hospital plans new facilities
Bangalore, Aug. 8 The 17-year-old Bangalore Hospital plans to expand further in south Bangalore with a new greenfield hospital, along with setting up an approximately Rs 105-crore lifestyle retirement township, also in the city’s ...

NEW PROJECTS: GM to set up $200-m power train plant
Hyderabad, Aug. 8 General Motors investment in India is poised to cross $1billion even as the company is close to commissioning its second Greenfield plant in the country next month. The company has zeroed in on a $200-million power train and ...

MERGERS & ACQUISITIONS: FIPB rejects ICP plan to buy 2i Capital stake in Umang Realtech
The Foreign Investment Promotion Board (FIPB) has turned down a proposal by ICP Investments (Mauritius) to buy-out 2i Capital’s 40 per cent holding in Umang Realtech (a company where Uppal Housing holds the balance stake) citing a three ...

OUTLOOK: This fiscal crucial for Tata Ryerson
3 projects slated to be commissioned. Kolkata, Aug. 8 With three projects, including the components manufacturing facility at Singur that will supply six critical components for the Tata small car Nano, slated to be commissioned in the ...

ANNOUNCEMENTS: IOC allowed to use Paradip refinery credit line
New Delhi, Aug. 8 In a move that would allow Indian Oil Corporation Ltd (IOC) to tide over its liquidity crunch, the Reserve Bank of India has allowed the company to use its Paradip refinery allocated credit line for meeting its working ...

NEW PROJECTS: Bharat Forge opens new facility at Pune
Pune, Aug 8 Bharat Forge Ltd today announced the commissioning of its new facility, an open forging press, at Mundhwa. ...

COMPANY LAW: ‘New Cos Bill will pave way for more flexibility’
Bangalore, Aug. 8 The Union Minister for Corporate Affairs, Mr Prem Chand Gupta, inaugurated the new office complex of the Ministry of Corporate Affairs at Bangalore on Thursday. ...

NEW PROJECTS: Nod for Rs 9,436-cr PGCIL plans

NEW BUSINESS: BHEL bags Rs 400-cr Rwanda order
Equipment major Bharat Heavy Electricals Ltd (BHEL) on Friday announced it has got a Rs 400-crore order for setting up a hydro power plant in Rwanda. The order for the 2x14 MW Nyaborongo Hydro Electric Power Project is the first BHEL has bagged ...