The Hindu Business Line : Friday, September 12, 2008

CORPORATE

DIVERSIFICATION: Hindustan Petroleum enters ethanol business
Ties up with Renuka Sugars for integrated sugar mill in Maharashtra. Chennai, Sept. 11 The public sector oil company Hindustan Petroleum Corporation Ltd has marked its entry into the ethanol business by tying up with Shree Renuka Sugars Ltd to ...

OUTLOOK: N-power foray: GMR plans Rs 10,000-cr investment
Seeks partners for setting up 2,000-3,000 MWe plants. New Delhi, Sept. 11 GMR Energy — a subsidiary of GMR Infrastructure Ltd — hopes to invest up to Rs 10,000 crore over the next five-seven years to set up 2,000-3,000 MWe nuclear ...

RESTRUCTURING: Govt relaxes norms for FM radio cos to restructure biz
Allows conditional mergers, setting up of subsidiaries. New Delhi, Sept.11 FM radio companies will now be able to restructure their business before the five-year lock-in period, with permission from the Ministry of Information and ...

NEW PROJECTS: Sahara Prime launches Coimbatore project
Lines up projects for Chennai, Madurai. Coimbatore, Sept. 11 Sahara Prime City Ltd, the real estate company of Sahara India Pariwar, has launched its flagship project — ‘Sahara City Homes’ in ...

OUTLOOK: BSA Motors to launch 3 e-scooter models next year
Bangalore, Sept. 11 Riding the crest of rapid growth of electrics scooters, BSA Motors, a strategic business unit of the Rs 10,000-crore Murugappa Group, will be driving into the market next with three models powered by 250, 500 and 800 watts ...

NEW BUSINESS: Suzlon Energy bags Romania order
Suzlon Energy A/S, the Europe and Latin America arm of Suzlon Energy Ltd, announced on Thursday that it has secured an order from Romania for supplying 29 S88 turbines (2.1 MW) wind turbines, which will add to a total capacity of 60.9 MW, a ...

OUTLOOK: Natural Capsules to raise capacity
Natural Capsules Ltd, maker of empty hard gelatin capsules, is doubling the manufacturing capacity of its Puducherry facility. The company said it has signed a contract worth $1.05 million (around Rs 4.5 crore) to purchase hard capsule ...

MERGERS & ACQUISITIONS: Atash Seeds on acquisition drive; in talks with Delhi-based firm
Atash Seeds, a company of the Bangalore-based Avesthagen Ltd, has chalked out a strategy of acquisition, to emerge among the top seed companies in the ...

OUTLOOK: German co Schuler to expand presence in India
Mumbai, Sept. 11 With most of the automobile companies announcing production expansion plans, the world’s number one press machine manufacturers — German-based Schuler — sees good prospect in India. The company is setting up ...

OUTLOOK: Indian Hotels to launch new category
Indian Hotels Company Ltd plans to introduce an upper upscale category in its offering of hotels in the future. This segment of hotels will be placed between Taj's luxury properties and the new all-new profiled Gateway brand, launched on ...

OUTLOOK: Rolls-Royce Phantom set for Nov launch
Mumbai, Sept. 11 Rolls-Royce’s new Phantom Coupe comes to India in the first week of November. It will cost around Rs 3.75 crore, including customs duty. According to company sources, the new model has bagged two bookings from ...

NEW PROJECTS: ‘Trinamool demand for 300 acres rejected’
Kolkata, Sept. 11 The West Bengal Government has reportedly not accepted the Trinamool Congress’ demand for return of 300 acres located within the Tata Motors small car plant site in Singur to “unwilling ...

OVERSEAS INVESTMENTS: Cairn India arm to invest $113 m in Lanka for exploration
Cairn Lanka (Pvt) Ltd, a subsidiary of Cairn India Ltd, said that it has entered into an agreement with Sri Lanka’s Board of Investment, committing an initial investment of $113 million in its recently awarded oil and gas exploration ...

OUTLOOK: TI Cycles to invest Rs 30 cr for retail expansion
Hyderabad, Sept. 11 TI Cycles of India, part of the Murugappa Group, as part of its retail expansion plan intends to open 120 exclusive stores across the country by March ...