The Hindu Business Line : Tuesday, September 16, 2008

CORPORATE

NEW PROJECTS: Avesthagen plans to set up bio-safety unit in Hyderabad
Hyderabad, Sept. 15 Avesthagen, the Bangalore-based life sciences company, has big plans for Hyderabad with expansion and ...

RESEARCH & DEVELOPMENT: Vestas R&D focusing on cutting cost of power generation
Spending 3% of revenues on research and development. Chennai, Sept. 15 Consider this: A wind turbine can weigh up to 250 tonnes, including the tower. The blades and the nacelle (the turbine housing that sits atop the tower with critical parts ...

SICK UNITS: Titagarh Wagons set to take joint control of Cimmco Birla
Fresh proposal before BIFR to revive the company. Kolkata, Sept. 15 Titagarh Wagons Ltd is poised to take joint control of Cimmco Birla, a sick wagon unit promoted by the SK Birla ...

PEOPLE: Ratan Tata on Nanobiosym board
Mr Ratan Tata, Chairman of the Tata Group, has joined nanotechnology firm Nanobiosym’s global advisory board. Dr Anita Goel, Chairman and CEO of Nanobiosym, said: “I am inspired by his (Mr Tata’s) example, which provides us ...

COURTS/LEGAL ISSUES: HC restraint on SK Lamps
Wipro Consumer Care and Lighting Group said the Delhi High Court has restrained SK Lamps from producing bulbs which are similar to the Wipro’s Safelite bulbs. In a press statement, Wipro Consumer Care and Lighting Group said the bulbs, ...

RESTRUCTURING: SABMiller on revamp mode to gear up for growth phase
Plans to issue 5 crore preferential shares. Bangalore, Sept. 15 After consolidating its operations in India, SABMiller has restructured its organisation to gear itself up to the ...

OUTLOOK: Hyundai studying US market for i10 launch
‘Rising oil prices may shift preference towards small cars in US’. Chennai, Sept. 15 Hyundai Motor India is studying the US market to develop strategies for launching its small car, the ...

OUTLOOK: Omaxe hopes to build 1 m ‘affordable’ homes
Scouting for business partners in 140 locations in India. Mumbai, Sept. 15 Delhi-based developer Omaxe Ltd is on the lookout for business partners in 140 locations across the country to build one million ‘affordable’ homes in eight ...

ALLIANCES & JOINT VENTURES: Magneti Marelli joins hands with Unitech Machines
Rs 75-cr venture targets biz from auto majors. New Delhi, Sept. 15 Fiat Group company Magneti Marelli has announced that the Gurgaon-based Rs 700-crore company, Unitech Machines Limited, will be its fifth joint venture partner in ...

RESEARCH & DEVELOPMENT: Cordys opens R&D centre in Coimbatore
Coimbatore, Sept. 15 The Netherlands-based Cordys has opened its R&D centre ...

ALLIANCES & JOINT VENTURES: Sikkim Time Corp in pact with CBM Corp for Q&Q assembling
Gangtok, Sept. 15 Sikkim Time Corporation Ltd (SITCO) has entered into a tie-up with CBM Corporation, Japan, a subsidiary of Citizen Watch Co, for assembly of their world-wide popular “Q&Q” watches in the ...

OUTLOOK: Babcock & Wilcox eyeing a piece of the Indian nuclear pie
Mumbai, Sept. 15 The Babcock & Wilcox Company (B&W), a group company of engineering and construction mammoth McDermott International Inc, is among those corporates keeping an eye on the progress of the civil ...

OUTLOOK: Supernova Engineers to launch gensets in Nov
Ahmedabad, Sept. 15 Supernova Engineers Ltd, integrators of power generation sets, mainly for telecommunication towers, is all set to launch in mid-November new gensets fitted with Chinese engines in the 50 to 250 kVA category, its ...

NEW PROJECTS: Anand group to invest Rs 200 cr in 2 Chennai units
Chennai, Sept. 15 The Delhi-based Anand Automotive Systems Group plans to manufacture automotive lighting and safety ...

ALLIANCES & JOINT VENTURES: Shell-MRPL to fuel Jet, Lufthansa
Shell-MRPL Aviation Fuels & Services has started its operations in India with the fuelling of Jet Airways and Lufthansa aircraft at the Bengaluru International Airport (BIA). The company had recently signed a Memorandum of Understanding to ...

ANNOUNCEMENTS: Dr Reddy’s diabetic drug to enter clinical phase next month
Pharma major Dr Reddy’s Laboratories Ltd’s anti-diabetic molecule based on cholesteryl ester transfer protein (CETP) will be entering clinical phase next month, according its Chairman, Dr K. ...

MERGERS & ACQUISITIONS: Sabari Inn acquires resort in Kodaikanal
Chennai, Sept. 15 Sabari Inn Pvt Ltd has acquired a 40-room resort on a one-acre plot at ...

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Markets (Sept 15)

Nifty (at close)	4072.90(-155.55)
US Dollar (Buy/Sell)	45.88/89
Brent crude (a bbl) Rs	4,469
Gold (a gram) Rs	1,093
Silver (a kg) Rs	18,565

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