The Hindu Business Line : Saturday, October 04, 2008

CORPORATE

NEW PROJECTS: Tatas pull out of Singur; to look at Nano relocation
The decision has shattered many dreams that we had: Ratan Tata. Kolkata, Oct. 3 Tata Motors on Friday took the “extremely painful” decision to pull its Nano project out of Singur in West Bengal. The company’s decision was ...

OPEN OFFERS: Emami ups open offer price for Zandu to Rs 16,500 a share
Kolkata, Oct. 3 Emami, along with four PACs (persons acting in concert), has revised the open offer price further upwards by 10 per cent to Rs 16,500 for acquisition of a Zandu Pharmaceuticals Works share with a face value of Rs 100 each. ...

OVERSEAS INVESTMENTS: McLeod Russel set to buy Vietnamese tea company
First overseas buy at $7 m, to be made through UK subsidiary Borelli. Kolkata, Oct. 3 McLeod Russel India Ltd is set to clinch an acquisition overseas — a long cherished dream of the company. It has decided to acquire 100 per cent equity ...

MERGERS & ACQUISITIONS: Daiichi Sankyo-Ranbaxy deal gets Govt clearance
Ranbaxy shares climb 4.8% on BSE. New Delhi, Oct. 3 The Government on Tuesday approved Daiichi Sankyo Co Ltd’s plan to buy a controlling stake in Ranbaxy Laboratories Ltd for up to $4.6 ...

TRENDS: Linking farms and corporates
INCLUSIVE GROWTH. Chennai, Oct 3 There have been some splendid examples of what happens when those living at the very beginning of the process of value addition meet collaborate with those living at the very end. The results are ...

NEW PROJECTS: ‘Pull-out unlikely to hit Tata Motors’ stock valuations’
Decision to move out ends uncertainty, say analysts. Mumbai Oct. 3 Mr Ratan Tata’s announcement on Friday evening that Tata Motors is driving Nano out of Singur in West Bengal and relocate the plant elsewhere has ended a long period of ...

NEW PROJECTS: Gujarat on Tatas’ radar for Nano plant?
Ahmedabad, Oct 3 Among the locations to shift the Rs 1,500-crore Nano plant from Singur in West Bengal, Tata Motors is reported to be seriously considering Gujarat where General Motors already has a plant and Maruti will soon have a ...

OUTLOOK: Hindustan Motors to launch new commercial vehicle
Unveils SUV Outlander; plans new variants of its sedan. New Delhi, Oct. 3 To revive declining sales Hindustan Motors is planning to launch new variants of its sedan in the coming months, even as it unveiled Mitsubishi Corporation’s sports ...

ALLIANCES & JOINT VENTURES: Eli Lilly forms jt venture with Jubilant for drug development
$8-m venture coming up in Bangalore. New Delhi, Oct. 3 Jubilant Organosys has entered into an agreement with US-based Eli Lilly & Co to form an equally-owned joint venture company in India that will focus on providing drug development ...

PERFORMANCE: ‘Cairn’s Ravva oilfield enters declining phase’
Kolkata, Oct. 3 Having produced at the plateau rate of 50,000 barrels of oil a day (bpd) since 1999, Cairn India operated Ravva oilfield has finally hit the declining phase in the July-September 2008 ...

OUTLOOK: IOC import bill may go up by 17.6%
New Delhi, Oct. 3 Fluctuating crude oil prices and currency (rupee) depreciation continue to put financial pressure on public sector oil refinery-cum-marketing company Indian Oil Corporation Ltd (IOC). The company’s crude oil import ...

NEW BUSINESS: Consolidated Constructions wins orders worth Rs 1,500 cr
Includes Chennai airport cargo terminal expansion. Chennai, Oct. 3 The Chennai-based Consolidated Constructions Consortium Ltd (CCCL) has bagged construction contracts estimated at over Rs 1,500 crore covering airports, power and automotive ...

OUTLOOK: RIL to start test runs of new refinery soon
New Delhi, Oct 3 Reliance Industries Ltd (RIL) plans to start test runs from its new 29-million-tonne (mt) refinery being set up by Reliance Petroleum Ltd (RPL) in Jamnagar, Gujarat, ...

NEW PROJECTS: Kia Electronics manufacturing base likely in India
Hyderabad, Oct. 3 Malaysian home appliances maker Kia Electronics on Friday launched a range of products in India and hinted at plans to set up a manufacturing base in ...

ALLIANCES & JOINT VENTURES: Choice Hotel in Hyderabad
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