The Hindu Business Line : Wednesday, August 20, 2008

CORPORATE

OUTLOOK: RIL may be allowed to sell diesel in domestic market
Changes in tax norms under study; differential pricing for industrial users likely. New Delhi, Aug. 19 With the diesel demand showing an 18-per cent growth and oil companies depending on imports to bridge the gap, the Government is considering ...

ALLIANCES & JOINT VENTURES: Star to exit Balaji Tele
Agrees to buy-out of 26% stake by Ekta Kapoor, family. New Delhi, Aug. 19 The Star Group and Balaji Telefims, makers of some of biggest television soaps, have decided to terminate their agreement under which Star held a 25.99 per cent stake in ...

OVERSEAS INVESTMENTS: L&T close to picking equity in Australian, Indonesian coal mines
Increases focus on the power sector. Chennai, Aug. 19 Larsen & Toubro Ltd is close to buying equity stake in coal mines in Australia and Indonesia. ...

NEW PROJECTS: Return ‘forcibly’ acquired land to farmers, says Mamata
‘We want Tatas project to come up at Singur’. Kolkata, Aug. 19 Trinamool Congress leader Ms Mamata Banerjee said that while she and her party wanted the Tata small car project in Singur to come up and the Nano to roll out of it, ...

OUTLOOK: Mahindra Finance to fuel rural ride of GM, Hyundai
Mumbai, Aug. 19 Mahindra Finance, the vehicle finance arm of Mahindra Group, has got into an understanding with car makers General Motors and Hyundai to provide finance for their vehicles in the rural and semi-urban markets. ...

VENTURE CAPITAL: Nexus Capital’s $220-m fund to invest in early-stage cos
Mumbai, Aug. 19 Nexus India Capital, a venture capital firm based in the US and India, on Tuesday announced the closure of its second fund, Nexus India Capital II, L.P., a $ 220-million fund which will invest in early stage companies. ...

PEOPLE: Uday Ved is KPMG tax head
KPMG on Tuesday announced the appointment of Mr Uday Ved as Head of Tax. Mr Ved specialises in international taxation, transfer pricing and exchange control regulations. In a career spanning over 25 years, Mr Ved has advised a large number of ...

OUTLOOK: Adhunik Metaliks plans to list its subsidiary
Mumbai, Aug. 19 The BSE-listed Adhunik Metaliks Ltd has plans to raise Rs 250-300 crore by listing its subsidiary Orissa Manganese and Minerals Ltd (OMM) by end of the ...

OUTLOOK: Adani Energy’s gas supply to Faridabad in Haryana soon
Ahmedabad, Aug. 19 The Gujarat-based Adani Energy Ltd (AEL), which has invested nearly Rs 150 crore in its northern projects, expects to start supplying compressed natural gas (CNG) to Faridabad in Haryana in the next couple of months and to ...

OUTLOOK: Falcon Tyres plans another hike in prices
Kolkata, Aug. 19 On the heels of a 14-15 per cent increase in prices in both OE (original equipment) and replacement segments in early August, Falcon Tyres is planning to enhance prices by another 10-25 per cent latest by next month to keep ...

E-COMMERCE & E-BUSINESS: Tata cos take byjunction help to aggregate product needs
Kolkata, Aug. 19 byjunction, the sourcing division of e-commerce company mjunction services ltd, has taken up pilot projects that are aimed at aggregating the requirements of three Tata Group companies — Tata Steel, Tata Power and Tata ...

MERGERS & ACQUISITIONS: Opto Circuits scouting for more acquisitions
Mumbai, Aug. 19 After having acquired the US-based Criticare Systems earlier this year, healthcare equipment maker Opto Ciruits is scouting for more. The company is in talks with a medical devices company in Europe, Opto’s Managing ...

OUTLOOK: BEML offers low-cost metro cars
Bangalore, Aug. 19 BEML Ltd on Tuesday said it had come up with a new low-cost, stainless steel metro rail car targeted at the upcoming mass transit projects of Tier II ...

OUTLOOK: Cargill to launch olive oil soon
New Delhi, Aug. 19 The domestic olive oil market is set to see a new entrant — Cargill India. ...

OUTLOOK: Lupin to promote Forest products in US
Mumbai, Aug. 19 Lupin Ltd has entered into a multi-year marketing agreement for the AeroChamber Plus line of products with Forest Laboratories Inc. ...

ALLIANCES & JOINT VENTURES: Japan co tie-up with Micromatic
The Japan-based Rs 400-crore JTEKT Corporation has tied up with Micromatic Grinding Technologies to produce machine tools for engines and transmissions. JTEKT, which was earlier known as Toyoda Machine Works, with 25 per cent stake of Toyota ...

PEOPLE: Maytas franchise arm’s new chief
Maytas Properties Ltd has appointed Mr Pavan Kumar Munjuluri as President for its franchised properties arm. This strategic business unit (SBU) takes care of hospitality, healthcare, education and entertainment business of the company. Prior to ...