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Friday, June 05, 2009
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ALLIANCES & JOINT VENTURES: Nissan Renault venture’s India plans on track
Renault suspends further investments for now. Chennai, June 4 Nissan Renault Automotive India Private Ltd, the first joint venture between the global alliance partners Renault and Nissan, announced that its investment plans for India are intact, ...

DIVERSIFICATION: Harrisons Malayalam turns into multi-crop plantation firm
To de-risk business from price fluctuations in commodities. Kochi, June 4 Over and above its strong presence in tea, rubber and coffee, the increasing area under crops such as banana, pineapple, passion fruit, pepper, cardamom, cloves, cocoa ...

AWARDS & HONOURS: BPCL bags pollution control award
CMML, HLL Lifecare and FACT among other winners. Bharat Petroleum Corporation Ltd (BPCL), which operates Kochi Refineries Ltd, has bagged the award for excellence in pollution control for large industrial units in Kerala during ...

MERGERS & ACQUISITIONS: Bharati Shipyard to start ship repair service at its floating dock
Co acquired Swan Hunter Shipyard for Rs 250-300 cr. India’s second largest private sector shipbuilder, Bharati Shipyard Ltd, will now start its ship repair facility at the recently-acquired floating dock of Swan Hunter ...

ANNOUNCEMENTS: Toyota Corolla Altis Sport launched
Toyota Kirloskar Motor has launched a limited edition of Corolla Altis, the Corolla Altis Sport. A press statement from the company said the new limited edition of the car has been priced at Rs 11.35 lakh (ex-showroom, Delhi). The new car has ...

ENVIRONMENT: SIAM pollution check up camps
To mark the World Environment Day, the Society of Indian Automobile Manufacturers (SIAM) will organise free of cost pollution control check-up camps. This would be held across 2,200 locations in 256 cities across the country. The initiative is ...

NEW BUSINESS: Subhas Projects bags NTPC order
Subhas Projects & Marketing Ltd has secured an order worth Rs 105 crore from National Thermal Power Corporation for supplying station piping package to Simhadri super thermal power project at Visakhapatnam, according a company release. The ...

OUTLOOK: Coal India invites global majors to develop 7 mines
9 parties short-listed; only ‘mining contracts’ to be awarded. Mumbai, June 4 Coal India will award tenders for development of seven large mines to global mining majors in 15-20 days. It has already short-listed nine parties for the ...

INTERVIEW: ‘Long-term picture for solar PV biz bright’
New Delhi: Notwithstanding the credit squeeze that has dented the global business environment, Moser Baer India remains bullish about the long-term viability of Solar Photo Voltaic (PV) market. The company is all ...

OUTLOOK: Audi looks at assembling Q5 SUV in India
Mumbai, June 4 Audi is exploring the option of assembling its compact sport-utility vehicle, Q5 in ...

ANNOUNCEMENTS: Hardy Oil submits technical evaluation report to DGH
Chennai, June 4 Hardy Oil and Gas plc, the minority partner in Reliance Industries’ Krishna Godavari fields, has said that it has submitted the technical evaluation summary report on the resource potential on the D3 and D9 ...

OVERSEAS INVESTMENTS: Gujarat NRE arm plans to take over Australia’s Rey Resources
Kolkata, June 4 Gujarat NRE Minerals Ltd (GNM), the Australian subsidiary of Gujarat NRE Coke Ltd, has made an off-market takeover bid on Rey Resources Ltd (RRL) in ...

EVENTS: Workshop on boiler operations
The Society of Energy Engineers and Managers (Seem), a professional body of certified energy managers and auditors, is organising a one-day workshop in Madurai to commemorate World Environment ...

FINANCIAL PERFORMANCE: Sundram Fasteners posts Q4 loss
Chennai, June 4 Sundram Fasteners Ltd has posted a loss of Rs 5.25 crore on an income of Rs 225.76 crore for the quarter ended March 31, 2009 against a profit of Rs 5.41 crore on income of Rs 312.44 crore for the same period in the ...

AUDITING: DoT looks for new auditor for Tata Tele
New Delhi, June 4 The Department of Telecom has decided to change the auditor appointed to examine the account books of Tata ...

EVENTS: Business summit
KOCHI: The Dhanam Business Summit and Award Nite will be held on Saturday at Dream Hotel at Kadavanthara, Kochi. The Dhanam Businessman of the Year Award will be presented to Mr V.K. Mathews, Founder Chairman & CEO of ...

OVERSEAS INVESTMENTS: Gujarat NRE arms’ takeover could help it double production capacity
The Australia-listed subsidiary of Gujarat NRE Coke — Gujarat NRE Minerals will make an off-market takeover offer to acquire another Australian coal producer Rey Resources, in which it is already a stakeholder. Rey Resourses has ...

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




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Markets (June 4)
Nifty (at close)4,572.65(+41.95)
US Dollar (Buy/Sell)47.20/21
Brent crude (a bbl) Rs3,041
Gold (a gram) Rs1,376
Silver (a kg) Rs24,885

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May. 24-May. 30
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