The Hindu Business Line : Friday, November 13, 2009

CORPORATE

OUTLOOK: Bajaj puts in place new growth strategy for bikes
To turn out 3 lakh units a month from April. Mumbai, Nov. 12 Bajaj Auto is putting together a new motorcycle growth strategy for 2010-11 which is intended to kick off with the production of 300,000 units a month from April ...

OVERSEAS INVESTMENTS: Steel Strips to study feasibility of wheel rim plant in Morocco
100% supplier to Renault car project, to despatch from Chennai from 2011. Chennai, Nov. 12 Steel Strips Wheels Ltd, which has bagged an order to supply the full requirement of wheel rims for French car-maker Renault’s greenfield plant in ...

REGULATORY BODIES & RULINGS: Aurobindo gets US nod for drug
...

NEW PROJECTS: L&T sets up tower testing facility
Larsen & Toubro has set up a transmission line testing and research station that will significantly bring down the cost and delivery time for its power transmission ...

CORPORATE GOVERNANCE: Big business matters
Big business has been caricatured as the bully and the bad boy in society. There seems to be an assumption on the part of anti-business advocates that the motivation behind big business is inherently self-centred, and not socially oriented. There ...

NEW PROJECTS: Nano: Compensation issues resolved
New Delhi, Nov. 12 Tata Motors said on Thursday that all issues on compensation with the component vendors for the Nano have been resolved. Most vendors are expected to shift their facilities to the vendor park in Sanand, Gujarat, by ...

NEW PROJECTS: Mahindra Lifespace puts up new residential project
Mahindra Lifespace Developers Ltd has entered into a joint venture with Arch Capital, an Ayala Group company of the Philippines, to promote a 55-acre premium residential community at Mahindra World ...

OUTLOOK: Benz sees lower sales in 2009
Bangalore, Nov. 12 Mercedes-Benz India expects 2009 sales to be lower than the previous year largely because of lower availability of credit and also due to the effect of the global ...

OUTLOOK: Exide eyes bigger pie of tractor battery market
Kolkata, Nov. 12 Exide Industries aims at garnering a 25 per cent market share in the tractor battery segment in the next two ...

RESTRUCTURING: Kirloskar Oil Engines to exit six joint ventures
Pune, Nov. 12 Pune-based Kirloskar Oil Engines Ltd (KOEL) is selling its entire stake in six JV companies, including its shareholding in Toyota Kirloskar Motor Pvt Limited, (TKM) to group company Kirloskar Systems Ltd. The total consideration ...

OVERSEAS INVESTMENTS: Cabinet nod for OVL’s additional investment in Brazil
New Delhi, Nov. 12 The Cabinet Committee on Economic Affairs (CCEA) gave its nod to ONGC Videsh Ltd for making an additional investment of $70 million in Block BC-10 ...

MERGERS & ACQUISITIONS: ONGC-Mittal ventures to be merged
New Delhi, Nov. 12 ONGC has said that a decision has been taken to merge the two separate joint ventures with steel baron, L N Mittal, into one ...

COURTS/LEGAL ISSUES: SC to hear Zenotech case on Dec 2
...

REGULATORY BODIES & RULINGS: Ranbaxy’s AIDS drug gets WHO nod
Ranbaxy Laboratories has said it has received the pre-qualification from the World Health Organisation for its anti- retroviral capsule ‘Indinavir’. Pre-qualifications are needed to become eligible for exporting drugs to ...

EVENTS: Management meet
T he Department of Management Studies at the Lourdes Matha College of Science and Technology (LMCST) will host the third edition of ‘Decerto’, an inter-collegiate management meet here from Monday. Oscar fame Resul Pookkutty ...

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

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Markets (Nov 12)

Nifty (at close)	4,952.65 (-51.30)
US Dollar (Buy/Sell)	46.65/66
Brent crude (a bbl) Rs	3,625
Gold (a gram) Rs	1,595
Silver (a kg) Rs	28,700

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