The Hindu Business Line : Wednesday, December 17, 2008

CORPORATE

ALLIANCES & JOINT VENTURES: Bharat Forge, Alstom zero in on Mundra for power foray
Production base for a range of supercritical turbines, generators. Mumbai, Dec. 16 Bharat Forge and European power equipment giant Alstom have zeroed in on the Mundra port of Adanis to set up a manufacturing facility with an annual capacity of ...

SICK UNITS: Kerala Soaps and Oils to be reopened
The State-owned Kerala Soaps and Oils Ltd, which has been lying closed for the past six years, is being reopened, but cast in a new look both in name and ...

NEW PROJECTS: Vadilal Group to expand to N-E, set up plant in Kolkata
Plans to step up daily milk procurement. Ahmedabad, Dec. 16 The Vadilal Group, one of India’s oldest and largest ice cream makers, is expanding its manufacturing and marketing network to the eastern and north-eastern States and is setting ...

ANNOUNCEMENTS: ACC shuts Himachal kiln on piling inventory
Mumbai, Dec. 16 Hit by poor demand, cement major ACC Ltd has decided to shut down one of its kilns at Gagal in Himachal Pradesh from Tuesday for ...

OUTLOOK: UB Group may bid for Cobra Beer
UB Group is expected to place a bid for the UK-based Cobra Beer which has announced its decision to exit the beer business. The UB Group Chairman, Mr Vijay Mallya, told newspersons at the sidelines of the TiE conference that his group is keen ...

ANNOUNCEMENTS: Volkswagen India to slash prices
Volkswagen India has announced a reduction in the prices of its models Jetta and Passat by Rs 45,194 to Rs 80,859 across all variants. Jetta and Passat are the models the company is currently producing in India. This follows the announcement by ...

ANNOUNCEMENTS: Audi announces price cut
...

MERGERS & ACQUISITIONS: Colgate buys SS Oral shares
...

NEW PROJECTS: Carborandum's new facility
...

NEW BUSINESS: L&T bags orders worth Rs 1,372 cr
Engineering and construction major Larsen and Toubro (L&T) has received three orders worth Rs 1,372 crore from steel and aluminium companies for engineering ...

ALLIANCES & JOINT VENTURES: BHEL, NTPC ink transparency pacts
New Delhi, Dec. 16 In a bid to maintain transparency in procurement policies and award of major contracts, State-owned NTPC Ltd, the largest power utility of the country, and equipment major Bharat Heavy Electricals Ltd have entered into ...

ANNOUNCEMENTS: Birla Tyres shuts down production at OEM unit
Kolkata, Dec. 16 Birla Tyres, part of the B K Birla Group’s flagship Kesoram Industries, has decided to shut down its OEM unit at Balasore in Orissa ...

MERGERS & ACQUISITIONS: Suzlon revises payment schedule for Martifer’s stake in REpower
Suzlon Energy Ltd and the Martifer Group of Portugal have agreed on a revised payment schedule for Martifer’s 22.4 per cent stake in REpower, according to a ...

NEW BUSINESS: IVRCL bags 4 orders worth Rs 746 cr
Hyderabad, Dec. 16 IVRCL Infrastructure & Projects Ltd (IVRCL) has announced that the Buildings and Industrial Structures division has bagged four orders worth Rs 746.26 crore in Andhra Pradesh, Maharashtra, Puducherry and West ...

BUYBACK: Deccan Chronicle share buyback
Deccan Chronicle Holdings Ltd has decided to buy back equity shares of Rs 2 each of its fully paid-up equity share capital at a price not exceeding Rs 100 a share aggregating to Rs 180 crore from shareholders other than the promoters and persons ...

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Markets (Dec 16)

Nifty (at close)	3041.75(+60.55)
US Dollar (Buy/Sell)	47.81/82
Brent crude (a bbl) Rs	2,247
Gold (a gram) Rs	1,192
Silver (a kg) Rs	17,715

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