The Hindu Business Line : Friday, May 15, 2009

CORPORATE

ALLIANCES & JOINT VENTURES: Doordarshan plans to offer Mobile TV services
Pvt-public partnership route favoured; consultant to draw up roadmap. New Delhi, May 14 State broadcaster Doordarshan has decided to offer mobile television services on a private-public partnership (PPP) basis. It has invited expressions of ...

PERFORMANCE: Bosch production gains speed; brakes on 2 products
Manufacturing of ABS, ESC to start after auto industry stabilises. Bangalore, May 14 The largest auto parts’ maker in the world, Bosch, has decided to delay the manufacture of its marquee braking system product ABS in India though local ...

CORPORATE GOVERNANCE: Some Sensex, Nifty cos get auditors for peer review
RBI, SEBI agree to simplify listing of bonds from corporates. Kolkata, May 14 SEBI has appointed auditors for some of the Sensex and Nifty companies to do the peer review and is in the process of recruiting auditors for ...

OVERSEAS INVESTMENTS: Eveready set to acquire 80% in French co Uniross
First overseas acquisition, says Deepak Khaitan. Eveready Industries India Ltd is set to acquire 80 per cent stake in Uniross SA, a French company engaged in the manufacture and distribution of rechargeable batteries and allied ...

ANNOUNCEMENTS: Aditya Birla Nuvo unit hit
Aditya Birla Nuvo has shut down ammonia and urea production at its Jagdispur plant in Uttar Pradesh due to a sudden breakdown. “The company will be carrying out repair jobs in the fastest possible way and hopes to come back on ...

NEW PROJECTS: Adani Power's Mundra plan
...

PEOPLE: New CEO for JRG Metals
The Board of Directors of JRG Metals and Commodities DMCC has appointed Mr Sajith Kumar P.K. as the CEO and Director of the company. The CEO will be responsible for all day-to-day functions of the company. Since 2006, Mr Sajith was holding the ...

OUTLOOK: Tech Mahindra extends support to EMRI
Search on for funding partner. Hyderabad, May 14 Tech Mahindra, the new owner of Satyam Computer Services, has committed to support technology costs of running EMRI’s 108 services, which work out to Rs 5 ...

OUTLOOK: HDFC chief sees interest rates falling further
Hyderabad, May 14 The HDFC Chairman, Mr Deepak Parekh, on Thursday hinted at both deposit rates and lending rates coming down further, taking a cue from the SBI’s initiative to slash deposit rates ...

OUTLOOK: Shiv-Vani may miss deadline to supply rigs to ONGC
According to sources, Shiv-Vani Oil & Gas Exploration Services Ltd may miss the extended May deadline for supplying eight onshore rigs on an integrated well completion basis to ONGC. The contract, worth Rs 1,610 crore, was awarded ...

RESTRUCTURING: Restructuring in US industries may benefit IT cos here
Bangalore, May 14 The ongoing restructuring activities in industries such as financial services or automotives in the US could result in deals for the Indian IT services players in the latter part of ...

NEW BUSINESS: Meka consortium bags dredging contract at Cochin Shipyard
Chennai, May 14 The Meka Dredging-Amma Lines joint venture has bagged the dredging contract for 2009-2012 at the ...

OUTLOOK: Chettinad Cement to expand capacity in TN unit
Chennai, May 14 Chettinad Cement Corporation Ltd plans to add a 2-million-tonne a year cement production line at its Dindigul unit in ...

NEW PROJECTS: IOC signs term loan pact for Paradip project
New Delhi, May 14 Indian Oil Corporation Ltd has signed a rupee term loan agreement for Rs 14,900 crore with a consortium of 21 lenders led by State Bank of India for its grassroot refinery project at ...

OUTLOOK: Hotel Leela Venture to enter Jaipur, Agra
Thiruvananthapuram, May 14 Hotel Leela Venture Ltd, which operates The Leela Kempinski chain of hotels and resorts across India, plans to start hotels in Jaipur and Agra in the next couple of ...

NEW PROJECTS: Hassia Packaging to expand capacity
Pune, May 13 Hassia Packaging India Ltd, a wholly owned subsidiary of Germany-based Oystar Holding GmbH, is expanding capacity. Also, it is in the process of adding a new business vertical involving packaging of products such as ...

NEW PROJECTS: NTPC pact with SBI
...

IPR: Patent for Bajaj's shock absorber
...

OVERSEAS INVESTMENTS: Jaguar Land Rover: As much Britain’s problem as Tatas’
The Jaguar motorcar, along with its sister brands such as Land Rover and Range Rover are the most recognisable British marquees in the world. Once a magnet for the aspiring classes, these brands have been icons for style, performance ...

COURTS/LEGAL ISSUES: M.P. Birla property litigation
Litigation relating to the property of the late M.P. Birla, valued at over Rs 5,500 crore, is continuing in the High Court at Calcutta. Three legal heirs of the late R.S. Lodha, namely Harshbardhan, Aditya Vikram and Sushila Devi Lodha, being ...

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

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Markets (May 14)

Nifty (at close)	3593.45(-41.80)
US Dollar (Buy/Sell)	49.92/93
Brent crude (a bbl) Rs	2,829
Gold (a gram) Rs	1,383
Silver (a kg) Rs	24,055

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