The Hindu Business Line : Friday, November 06, 2009

CORPORATE

MERGERS & ACQUISITIONS: Wipro Consumer buys Yardley for Rs 214 cr
Acquisition will be FMCG co’s most premium brand. Bangalore, Nov. 5 Wipro Ltd has brought the iconic Yardley London brand into its ...

NEW BUSINESS: Maytas Infra bags Rs 790-cr order
Hyderabad, Nov. 5 Maytas Infra Ltd has won the Pune-Sholapur road contract worth Rs 790 crore from IL&FS Transportation Networks Ltd ...

CORPORATE DISPUTES: RIL, RNRL allege contradictions in each other’s statements
A day after Mr Justice R.V. Raveendran withdrew from hearing the case citing potential conflict of interests, the Ambani brothers’ gas row started afresh in the Supreme Court on ...

FINANCIAL PERFORMANCE: Realty cos: Slow build-up in sales, even as profits deconstruct
The September quarter results of 25 listed realty companies suggest that the sector’s recovery is painfully slow. Only nine realty companies managed an expansion in sales on a year-on-year ...

OUTLOOK: IOC chief rues uncertainty of investment return
Indian refiners world class in operations, but still relying on foreign technology. Chennai, Nov. 5 The Chairman and Managing Director of IndianOil, Mr Sarthak Behuria, on Thursday rued that the “much needed investment in the oil refining ...

CORPORATE GOVERNANCE: Company Secretaries body for cap on directorships
Corporates must conform to governance laws. The Institute of Company Secretaries of India (ICSI) has suggested that the number of directorships for an individual should be capped at ...

OUTLOOK: Honda to launch 110cc bike with new style mantra
Paying more attention to fun biking than basic commuting. Mumbai, Nov. 5 Honda Motorcycle & Scooter India’s next offering in the market will be a 110cc motorcycle that will debut during ...

OUTLOOK: Renault here to stay despite challenges
New launches could give it a much-needed boost. Mumbai, Nov. 5 Mr Carlos Ghosn’s comments at the Tokyo Motor Show last month on reviewing the multi-partner strategy in India may have caused a flutter in industry circles but the fact that ...

NEW PROJECTS: Ashok Hotels to come up in more cities
The state-owned India Tourism Development Corporation (ITDC) Ashok brand of hotels is to further expand its presence. On Thursday it signed memorandum of understanding with six hotels premises in various cities including Kolkata, Manesar, ...

DIVERSIFICATION: Gadgil forays into real estate
Pune-based jewellers P N Gadgil and Co has forayed into the real estate space with Dajikaka Developers Pvt Ltd announcing its maiden residential project. Located at Bavdhan, the 150-unit project Anantshilp consists of three buildings, and will ...

OVERSEAS INVESTMENTS: Coal India abandons plan to buy asset in Australia
Kolkata, Nov. 5Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a ...

CORPORATE DISPUTES: Let’s not reduce this case to a street brawl: Salve
The verbal duelling between RIL senior counsel Mr Harish Salve and RNRL senior counsel Mr Ram Jethmalani intensified further on Thursday in the ...

ALLIANCES & JOINT VENTURES: Honda Cars ties up with insurance cos
New Delhi, Nov. 5 Honda Siel Cars India (HSCI) announced on Thursday the launch of ‘Honda Assure’, an insurance tie-up with various general insurance ...

TRADE & LABOUR UNIONS: Chittivalasa jute mill lockout continues
Visakhapatnam, Nov. 5 The lockout in the Chittivalasa jute mill at Tagarapuvalasa in Visakhapatnam district is continuing for more than six months and there seems to be no breakthrough in sight. The composite mill was locked out on April 20, ...

NEW PROJECTS: MRPL mandates SBI Caps to raise Rs 5,000 cr to fund projects
Chennai, Nov. 5 Mangalore Refineries and Petrochemicals Ltd has mandated SBI Capital Markets Ltd to raise Rs 5,000 crore for its refinery expansion and petrochemical projects, MRPL’s Managing Director, Mr U.K. Basu, told ...

DIVERSIFICATION: Premier Explosives plans solar, wind power entry
Hyderabad, Nov. 5 Premier Explosives Ltd (PEL), an indigenous technology and component provider to the country’s strategic sectors, is mulling options of entering the renewable energy areas of solar ...

PEOPLE: PowerGrid makes top-level changes at telecom arm
Mumbai, Nov. 5 Power Grid Corporation of India has effected top-level changes at Powertel — its telecom focused special ...

OUTLOOK: Tatas going global with low-cost housing
The Tatas are giving a global perspective to their successful affordable housing model, which was launched in Mumbai. Mr Ratan Tata, Chairman of Tata Sons, said that Tata Housing has got enquiries for replicating the Mumbai housing model ...

MERGERS & ACQUISITIONS: Pledging of shares points to Suzlon’s cash woes
But this may reduce pressure on debt servicing. The acquisition of shares pledged by Suzlon Energy’s promoters by Indiabulls Financial Services and IDBI Trusteeship Services (acting on behalf of certain lenders), indicates that the ...

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

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Markets (Nov 05)

Nifty (at close)	4,765.55 (+54.75)
US Dollar (Buy/Sell)	47.02/03
Brent crude (a bbl) Rs	3,693
Gold (a gram) Rs	1,564
Silver (a kg) Rs	28,595

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Mandate 2009

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Direct tax collections up 6% in Oct

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Looking back
Oct. 25-Oct. 31
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