The Hindu Business Line : Sunday, December 07, 2008

CORPORATE

BUYBACK: Foreign convertible bonds buyback with rupee resources allowed
New guidelines announced; prepayment window open till March 2009. New Delhi, Dec. 6 Indian companies can now pre-pay their existing foreign currency convertible bonds (FCCBs) from their rupee resources in addition to their foreign currency ...

ANNOUNCEMENTS: M&M opts for partial closure due to demand slowdown
Mumbai, Dec. 6 Following Tata Motors and Ashok Leyland, the country’s largest utility vehicle maker Mahindra & Mahindra also has chosen to go in for a partial shutdown of its plants ...

OUTLOOK: GVK Power set to acquire two power projects
Financial closure for most power projects. Hyderabad, Dec. 6 Following the restructure of the holding company, GVK Power & Infrastructure Ltd (GVKPIL) is engaged in parleys to acquire two coal-fired power projects of 600 MW and 1000 MW ...

OUTLOOK: Auto cos see no major boost to demand
New Delhi, Dec. 6 Automobile companies have stated that the repo rate cut announced by the Reserve Bank of India on Saturday which is likely to lower interest rates on vehicle loans, would not boost ...

SICK UNITS: Apollo declares lockout in Kalamassery unit
Kochi, Dec. 6 The management of PTL Enterprises Ltd has declared a lockout of its factory at Kalamassery in Kerala’s ...

OUTLOOK: Allergan looks to launch wrinkle smoothner in ’09
Next move eyelash growth, new Botox uses. Bangalore, Dec. 6 Allergan India, flush from an encouraging market response for its flagship neuro/dermatology product Botox, says it is getting ready to bring in a second skin rejuvenating item, ...

ANNOUNCEMENTS: New tube lights from Surya Roshni
Compact fluorescent lamp (CFL) manufacturer Surya Roshni Ltd has launched tube lights with 15,000 hours life with electronic ballast which is almost three times longer than commonly used tube lights, the company said in a release. The company ...

OUTLOOK: FACT devises new system to produce major fertiliser
Kochi, Dec. 6 Fertilisers and Chemicals Travancore Ltd (FACT) has devised and implemented a new technology in the production of ammonium sulphate, a major fertiliser used in the country. Under the new process, ammonium sulphate is ...

FIXED DEPOSITS: Tata Motors 3-year FD looks attractive
Fixed deposits offered by Tata Motors may be a good investment option for investors looking to park excess funds for three years. The company is accepting a minimum deposit of Rs 20,000 with additional amounts in multiples of Rs 10,000 for ...

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Markets (Dec 06)

Nifty (at close on Dec 5)	2714.40(-73.60)
US Dollar (Buy/Sell)	49.64/65
Brent crude (a bbl) Rs	1,947
Gold (a gram) Rs	1,137
Silver (a kg) Rs	16,790

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