The Hindu Business Line : Wednesday, October 22, 2008

CORPORATE

CORPORATE DISPUTES: RNRL agrees to Govt becoming a party in RIL gas case
Mumbai, Oct. 21 The division bench of the Bombay High Court on Tuesday allowed Government of India to be a party to the ongoing dispute between RIL and RNRL over sharing of natural gas from KG ...

INTERVIEW: ‘Taxes, not over-capacity, killing aviation sector’
I have not asked for a bailout or financial relief: Vijay Mallya. New Delhi, Oct. 21 For the Chairman of Kingfisher Airlines, Mr Vijay Mallya, it is not over-capacity in the domestic market place, but the high taxation levels in the country that ...

COMPANY LAW: Govt paves the way for limited liability partnerships
Bill allows for combination of professional expertise, entrepreneurial initiative. The stage is being set for a new corporate form that would enable professional expertise and entrepreneurial initiative to combine, organise and operate in an ...

RESTRUCTURING: Wockhardt Q3 net dips 43%
Translational loss of Rs 55 cr due to external borrowing. Mumbai, Oct. 21 A translational loss on account of external borrowings dented drug-maker Wockhardt’s bottomline by about 43 per cent for the third quarter ended September ...

OUTLOOK: IRB Infra nearing financial closure of Surat-Dahisar contract
Close to signing deal with consortium of nationalised banks. Mumbai, Oct. 21 At a time when liquidity is a major concern for corporates, IRB Infrastructure Developers Ltd, is nearing the financial closure of its Surat-Dahisar six-laning contract ...

TECHNOLOGY: Mahindra to extend hybrid technology for all products
Launches hybrid versions of Scorpio, Bolero. New Delhi, Oct. 21 As sports utility vehicles draw flak as being gas guzzlers, Mahindra & Mahindra plans to beat the notion with its range of mild hybrid vehicles. The company, which on Tuesday ...

MERGERS & ACQUISITIONS: Educomp majority stake in Takshila
...

ALLIANCES & JOINT VENTURES: Gati ties up with Haldirams
Gati Ltd, the city-based express distribution and supply chain services company, has tied up with Haldirams, which manufactures packaged snacks and sweets, to let its customers send gift packs to their friends and relatives across the ...

AWARDS & HONOURS: CEO with HR Orientation award
Mr V. Laxmikanth, Managing Director of Broadridge India, has won the 2008 CEO with HR Orientation award by the Asia Pacific Human Resources Management (HRM) Congress. Broadridge India is a subsidiary of the $2.2-billion Broadridge ...

PERFORMANCE: Hero Honda defies industry trend in 100 cc category
Chennai, Oct. 21 There is an old automotive industry adage that says big cars bring big profits. Apparently, it doesn’t apply to two-wheeler manufacturers. Bigger bikes do not necessarily bring in bigger ...

VENTURE CAPITAL: Navis gets ready to pick up major stake in Sah Petroleums
Buyer could end up with 60 per cent but management to be with Sah family. Kolkata, Oct. 21 Navis, a $2-billion global private equity firm, is picking up majority stake in Sah ...

OUTLOOK: Labour problems may impact production: Hero Honda
New Delhi, Oct. 21 At a time when Hero Honda is launching new variants to boost festive season sales, it is facing challenges in its manpower situation. With a section of its casual and contract employees protesting on a range of issues, it ...

RIGHTS ISSUE: Jaiprakash Associates plans rights issue to raise Rs 1,800 cr
New Delhi/Chennai, Oct. 21 Jaiprakash Associates Ltd, which has interests in cement, construction, hospitality and real estate, proposes to raise about Rs 1,800 crore through a rights issue to fund its capital ...

ANNOUNCEMENTS: Maruti begins KB series engines production
New Delhi, Oct. 21 Maruti Suzuki on Tuesday commenced production of its KB series of engines to offer more fuel efficient and powerful technology cars to its customers. This is part of the company’s drive to achieve sales of one ...

PERFORMANCE: Hero Honda zips ahead with sales growth
Lower input costs, taxes to boost margins in quarters. For the half-year ended September 2008, Hero Honda has recorded a commendable 26 per cent year-on-year growth in net sales and a 47 per cent growth in net ...

ALLIANCES & JOINT VENTURES: Vectra Aviation, Turbomeca tie up
Vectra Aviation Pvt Ltd has signed a memorandum of agreement with Turbomeca Asia Pacific for the maintenance support of Turbomeca engines here. In a statement, the company has said the agreement confirms the decision of Turbomeca to reinforce ...