The Hindu Business Line : Sunday, January 04, 2009

CORPORATE

PERFORMANCE: Aditya Birla Group cement despatches up 13.4% in Dec
Mumbai, Jan. 3 The Aditya Birla Group said on Friday that its cement despatches in December rose 13.4 per cent from a year ago period to 2.98 million tonnes. Production for the month rose 14.9 per cent to 2.93 ...

CORPORATE GOVERNANCE: Even companies have ‘relatives’
In the last two weeks, the words “related party” and “corporate governance” were doing the rounds in news channels and papers. Wondering how a company could have “relatives’ or related party transactions ...

MERGERS & ACQUISITIONS: Satyam promoters’ stake falls below Aberdeen Group
Hyderabad, Jan. 3 SRSR Holdings, representing the promoters of Satyam Computer Services with a declared stake of 5.13 per cent on Friday, finds itself lower than the Canada-based Aberdeen Group’s total stake of 5.2 per cent ...

PEOPLE: Teja Raju, acting Maytas Infra CEO
Mr Teja Raju of Maytas Infra will hold additional office of CEO during the absence of Mr P.K. Madhav, a statement from company said today. Mr Teja Raju is at present the Vice-Chairman of listed entity Maytas Infra. He is the son of Mr B. ...

PEOPLE: Dr Reddy’s Lab gets new CFO
Pharma major Dr Reddy’s Laboratories Ltd has announced the appointment of Mr Umang Vohra as the new Chief Financial Officer of the company. Prior to this, Mr Vohra was the Deputy CFO and his elevation was part of the company’s ...

CORPORATE BONDS: SBI to raise Rs 5,000 cr tier-II capital in January
Plans to target retail investors for the issue. Guwahati, Jan. 3 State Bank of India will raise Rs 5,000 crore tier-II capital in January to fund its growth needs, according to its Chairman, Mr ...

CORPORATE BONDS: SEBI asks Sardar Sarovar to explain redemption price of bonds
Mumbai, Jan. 3 The Securities and Exchange Board of India has directed Sardar Sarovar Narmada Nigam Ltd (SSNNL), the nodal agency implementing the Sardar Sarovar project, to provide the approach and justification for arriving at the price of ...

OUTLOOK: Prestige Estates to focus on delivery, not new projects
Bangalore, Jan. 3 The Bangalore-based real estate developers Prestige Estates Projects does not plan to launch projects in the first two quarters of 2009, and the focus will be on “delivery and customers” only, according to Mr ...

Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna

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Markets (Jan 03)

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Other Top Stories
Truckers face demand slowdown; rentals drop 8%

Cenvat credit facility allowed for supplies to SEZ developers

SBI to raise Rs 5,000 cr tier-II capital in January

Satyam promoters’ stake falls below Aberdeen Group

Stimulus package inadequate for textile sector, says SIMA

Looking back
Dec. 28-Jan. 3
Economy will bounce back faster, says Jhunjhunwala

M&A deals up 12%; Indian cos tap global opportunities

Posco may put India plans on hold

Orchid Hotels to continue looking for acquisitions

ECB inflows down 35%