The Hindu Business Line : Saturday, June 20, 2009

CORPORATE

OUTSOURCING: CPA Global’s India arm to handle legal work of Rio Tinto
20% cost savings for miner. New Delhi, June 19 The UK-based mining company Rio Tinto has entered into a legal services outsourcing agreement with CPA Global, which is projected to save the company up to 20 per cent annually in legal ...

ANNOUNCEMENTS: Tata Steel hikes prices by 7%
Good demand from auto and realty sectors. Mumbai, July 19 Tata Steel has raised product prices by Rs 500 to Rs 750 a tonne for the second time in the last two months on the back of improved domestic consumption and signs of global ...

RESTRUCTURING: Zandu’s FMCG business to be merged into Emami
Kolkata, June 19 In a three-way restructuring plan, Emami Ltd and its listed subsidiary, Zandu Pharmaceutical Works, have proposed to merge Zandu’s FMCG business into Emami, demerge Zandu’s other (non-FMCG) assets and ...

OUTLOOK: Asian Group market share target
Ceramic tiles maker Asian Group is looking at a market share of Rs 100 crore from a total of Rs 400-600 crore in the import market of composite tiles, said Mr Hasmukhbhai Patel, Managing Director, Asian Granito. The Rs 350-crore company forayed ...

NEW PROJECTS: US materials co opens facility
The US-based Momentive Performance Materials (formerly, GE Advanced Materials) has inaugurated its new manufacturing facility in Chennai. The company had said in January 2006 that it would invest Rs 100 crore in setting up the facility. It had ...

OUTLOOK: Piramal exports may touch Rs 800 cr
...

OUTLOOK: HEC may see positive net worth this fiscal
Kolkata, June 19 Ranchi-based Heavy Engineering Corporation (HEC) is hopeful of achieving positive net worth during this fiscal itself as the Centre and the State have agreed to submit affidavits to the Jharkhand High Court in July, ...

OUTLOOK: Mercedes plans launch of latest ‘E’ class soon
Bangalore, June 19 Luxury car maker Mercedes-Benz will invest about Rs 150 crore in its manufacturing plant, while a similar amount will be invested along with its dealers in upgrading and increasing its retail network in ...

NEW BUSINESS: IRB Infra bags Pathankot-Amritsar NHAI project
Mumbai, June 19 IRB Infrastructure Developers has emerged as the lowest bidder to four-lane a 102-km stretch of the Pathankot-Amritsar section of National Highway-15, on a build-operate-transfer ...

NEW PROJECTS: RRB Energy to invest Rs 100 cr for expansion
Chennai, June 19 Wind turbine manufacturer RRB Energy India Ltd will invest Rs 100 crore in the next 18 months to expand its production ...

OUTLOOK: TVS Capital sees deals worth Rs 200 cr
Chennai, June 19 TVS Capital Funds, a Chennai-based asset management company, has private equity deals worth over Rs 200 crore in the pipeline – an indication that the market still has an appetite for PE ...

OUTLOOK: Honda to increase focus on used-car business
Bangalore, June 19 Passenger-car maker Honda Siel Cars India will increase focus on its used-car business, Auto Terrace, as it expects at least 15 per cent of its total revenues to come from ...

OVERSEAS INVESTMENTS: Ireland seeks to woo Indian firms for near shore centres
Hyderabad, June 19 The Irish Development Authority (IDA), Ireland, is seeking to woo Indian firms in sectors such as technology, life sciences and financial services to make it a regional hub to serve the European ...

NEW PROJECTS: Shree Renuka to add refining capacity
Mumbai, June 19 Shree Renuka Sugars has decided to increase refining capacity at its Athani unit in Karnataka to 2,000 tonnes per day (tpd) from 1,000 tpd. It will also build a new sugar refining capacity of 1,000 tpd at ...

OUTLOOK: GMR bids low for Chennai road project
Bangalore, June 19 The GMR Group-led consortium has emerged as the lowest bidder in an internationally competitive bid for the Chennai Outer Ring Road (ORR) project in Tamil Nadu on a design, build, finance, operate and transfer ...

NEW PROJECTS: Ramky group's luxury villas
...

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

Markets (June 19)

Nifty (at close)	4,313.60(+62.20)
US Dollar (Buy/Sell)	48.08/09
Brent crude (a bbl) Rs	3,357
Gold (a gram) Rs	1,353
Silver (a kg) Rs	23,630

Nifty Companies News
Corporate Filings
SE Diary
Scoreboard

In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

More

Other Top Stories
Sops likely for textile industry in Budget

A Headend in the Sky policy soon

DoT revives plan for waiving licence fee on rural fixed lines

Banks prefer to invite bids for selling NPAs

Water storage level turns grim

Fixation with hospitalisation

GSPC submits plan to develop KG-8 gas

Looking back
Jun. 7-Jun. 13
Raymond shuts down loss-making Belgium, US units

NTPC to add 3,300 MW this fiscal

GMR Group not interested in small airport projects now

Harrisons Malayalam seeks to move into FMCG sector

Dish TV promoters sell stake to fund rights issue

Arcandor insolvency won’t impact Thomas Cook

NMDC to acquire majority stake in KIOCL

Hoegh Autoliners to ship Nissan cars from India