Business Daily from THE HINDU group of publications
Friday, April 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, April 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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PERFORMANCE: Satyam is cash surplus again Company clears salaries, most of its pending bills. Chennai, April 2 With prospective buyers set to make their bids, Satyam Computer, which was struggling to even meet its January salary bill, now reports a small cash surplus. This is after ... CORPORATE GOVERNANCE: Satyam board for open auction Hyderabad, April 2 The board of Satyam Computer Services has modified the bidding process for the sale of 51 per cent in the company by allowing for open auction method instead of the sealed ... CORPORATE DISPUTES: Bajaj gets engine technology patent The ‘ExhausTEC’ was a bone of contention in its legal feud with TVS Motor. Mumbai, April 2 Bajaj Auto has been granted the patent for its ‘ExhausTEC’ invention, which was a bone of contention in its legal feud with TVS ... IPR: What is the Satyam-Upaid case about? ‘Upaid weak on at least two counts’. Chennai, April 2 The Upaid suit of $1 billion against Satyam for forgery is one of the major legal liabilities that prospective buyers are currently assessing. What exactly is the Upaid case ... ANNOUNCEMENTS: BHEL net up 6%; Rs 1,800 cr set aside for wage provisions Turnover rises 29% to Rs 27,505 cr. New Delhi, April 2 Bharat Heavy Electricals Ltd (BHEL) has reported a 6 per cent increase in net profit for the year ended March 31 despite clocking a healthy topline growth, primarily on account of a ... OUTLOOK: ‘Reliance’s D6 gas output to reduce oil import bill by 10%’ Project likely to generate $2 b revenues in 2009-10. New Delhi, April 2 The natural gas production from Reliance Industries Ltd’s (RIL) East Coast Block will reduce the country’s oil import bill on an annualised basis by $9 billion. ... PEOPLE: Midhani has new Director Mr Vijay Shanker Verma has been appointed as Director (Production & Marketing) of the Hyderabad-based, Mishra Dhatu Nigam Ltd (Midhani). Prior to this posting, Mr Verma was working as General Manager (Marketing & External Resourcing) at ... NEW PROJECTS: Regus opens second centre in Pune Pune, April 2 Regus, provider of workplace solutions, has opened a second centre in Pune. The new centre is located at the Pentagon tower at Magarpatta ... ALLIANCES & JOINT VENTURES: Fuel pricing policy key to Reliance’s joint venture route for petrol pumps Only prospective bidders for the venture so far are IOC, Shell. Mumbai, April 2 Reliance Industries’ move to rope in an ally and revive operations at its 1,432 fuel outlets (petrol pumps) was not entirely ... MERGERS & ACQUISITIONS: Spice Group board meet to review strategy for Satyam Second round of bidding through open auction. New Delhi, April 2 Spice Group, which last week withdrew from the race for Satyam, on Thursday said it would hold a board meeting on Saturday to review its strategy, post the modifications in the ... ANNOUNCEMENTS: Piramal Health to shut down UK plant Mumbai, April 3 As part of its global consolidation, Piramal Healthcare has said that it will shut down its manufacturing plant in Huddersfield, ... OVERSEAS INVESTMENTS: Acquisition overdose: Worries over future of pharma industry Highly leveraged buyouts puts industry in a spot. Mumbai, April 2 The cheering that greeted domestic drug-companies, when they went on a shopping spree between 2004 and 2007, has fallen silent. And replacing the applause are more fundamental, ... PRIVATE PLACEMENT: SBQ Steels raises Rs 136-cr PE funding from ADG Mauritius Chennai, April 2 Chennai-based SBQ Steels Ltd has raised Rs 136 crore of private equity funding from ADG Fund Ltd Mauritius. SBQ Steels is promoted by the RKKR group, which has been in steel business for six decades. The company is putting up ... EVENTS: Glaxo SmithKline AGM ... DIVIDEND ANNOUNCEMENT: Dividend norms: Relief for banks Mumbai, April 2 Banks receiving recapitalisation from the Government will be relieved following the Reserve Bank of India’s announcement relaxing dividend payment norms on perpetual non-cumulative preference shares (PNCPS) as part of ... ANNOUNCEMENTS: Reliance kicks off production at KG Basin Mumbai, April 2 Reliance Industries (RIL) has started production of gas from the Dhirubhai 1 and 3 discoveries of the KG-D6 block in the Krishna Godavari ... PERFORMANCE: Amul’s turnover doubles in 3 years Anand, April 2 Gujarat Co-operative Milk Marketing Federation Ltd (GCMMF), the apex cooperative organisation marketing the Amul brand of milk products, has registered a quantum growth of 28 per cent to reach a record turnover of Rs 6,705 ... OUTLOOK: Fidelity defers online distribution platform Mumbai, April 2 Adverse business environment and unfavourable market conditions have put paid to Fidelity International’s plans to turn its ongoing project for setting up an online distribution platform that would offer investors a ... RESTRUCTURING: Piramal Healthcare move long-term positive May lead to better margins going forward. Piramal Healthcare’s move to restructure its pharma solutions business, by closing down operations at its manufacturing facility in Huddersfield, UK appears to be long-term positive. While the move ... PEOPLE: 2 more directors on Maytas board The Government on Thursday appointed two more directors on the board of Maytas Infra, a company promoted by relatives of Satyam Computer founder Mr B. Ramalinga Raju. The two new members on Maytas Infra board are Dr K. Ramalingam, former ... ANNOUNCEMENTS: GMR completes highway project GMR Group’s Adloor-Yellareddy to Gundla-Pochanpalli Highway project (AP – 2), has commenced commercial operations with effect from March 26. This is the Group’s third highway project in Andhra Pradesh. The 102 km stretch on NH ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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