The Hindu Business Line : Thursday, November 19, 2009

CORPORATE

DIVERSIFICATION: IndianOil climbs onto the nuclear power bandwagon
Core group to study investment options. Indian Oil Corporation Ltd (IOC) is looking to invest up to Rs 1,500 crore in its maiden nuclear venture in partnership with Nuclear Power Corporation of India Ltd ...

INVESTMENTS: Global PE funds back in the hunt for Indian firms
New Delhi, Nov. 18 With broad indications pointing to an uptick in the global economy, big-ticket private equity funds are back chasing investments in ...

OUTLOOK: Low-cost car: For Ghosn doing it right, not delays, is key
‘Bajaj Auto has a reputation for delivering high quality products’. Mumbai, Nov. 18 Mr Carlos Ghosn, Chairman and Chief Executive Officer of Renault-Nissan, is not too worried about the delay in the launch of the ultra-low cost car ...

OUTLOOK: Strong local demand to drive commercial vehicle sales
Investment in infrastructure spurs demand. Industry expects the strong growth momentum posted by the commercial vehicle (CV) segment in October to improve over the next half of ...

NEW PROJECTS: Tox Pressotechnik opens new plant
Pnemohydraulic cylinder, press manufacturing company Tox Pressotechnik has set up its seventh manufacturing plant at Pirangut. The new facility was recently inaugurated by the company’s President Mr Eugen Rapp. Mr Rajmohan Namboodiri, ...

OUTLOOK: Hyundai looks to Indian arm to drive up profits
Plans more models, smaller diesel engine. New Delhi, Nov. 18 Hyundai Motor India Ltd (HMIL) said on Wednesday that it aims to increase its share of profits in Hyundai Motor’s global operations and become the largest contributor by ...

PRIVATE PLACEMENT: Exide falls on equity dilution fears
Co’s board okays issue of five crore shares to institutional investors. Kolkata, Nov. 18 Exide Industries is planning to raise funds through private placement of fresh issue of equity shares or other equity derivatives to tap future ...

OUTLOOK: Consolidated Const building growth on infrastructure projects
Co investing in related subsidiaries to strengthen capabilities. Chennai, Nov. 18 Public sector investments in infrastructure, including power, water treatment and airports, contribute increasingly to Consolidated Construction Consortium’s ...

RESTRUCTURING: Gulf Oil consolidates biz portfolio; exits pharma
Hyderabad, Nov. 18 After divesting its pharma business last quarter, Gulf Oil Corporation Ltd, a Hinduja Group company, has embarked on a process to consolidate its business covering explosives, lubricants and mining ...

NEW PROJECTS: German co FEIN opens subsidiary in India
Chennai, Nov. 18 FEIN, a German manufacturer of power tools, has launched its Indian subsidiary, FEIN Power Tools India Pvt Ltd, to tap the growing ...

SOCIETY & DEVELOPMENT: It could pay to do good
If the Minister for Corporate Affairs, Mr Salman Khurshid, has his way, India could become the first country to adapt innovatively the carbon credit system so that companies are enabled to give society something more than their products ...

OUTLOOK: ONGC-GAIL venture plans public issue
Mumbai, Nov. 18 ONGC Petro-additions (OPaL), the petrochemicals special purpose vehicle of the Oil and Natural Gas Corporation, is exploring the option of a public issue to part-finance its Rs 12,500-crore petrochemical chemical complex ...

OUTLOOK: SAIL re-tenders Tasra coal mine project
Kolkata, Nov. 18 Steel Authority of India Ltd has re-tendered the four-million-tonne Tasra open-cast coking coal mine redevelopment project ...

NEW PROJECTS: Bharathi Cement ties up funds for second phase
Hyderabad, Nov. 18 Bharathi Cement Corporation Ltd has completed the financial closure for the phase II expansion of its plant at Nallalingayapalli village in Kadapa district of ...

NEW PROJECTS: Honeywell to invest $34 m in new tech centre
Honeywell has announced that it will invest $ 34 million in a new technology centre in India, to expand its global research capabilities in refining, petrochemical and ...

NEW PROJECTS: Lodha Group unveils phase II of luxury project
Hyderabad, Nov. 18 Lodha Bellezza, a ‘By Invitation Only’ project of the Mumbai-based Lodha group, has announced the launch of the second phase of this super luxury project, consisting of two high-rise towers of 40 ...

OUTLOOK: Investments into Indian companies likely to pick up
Mumbai, Nov. 18 Investments into Indian companies, particularly in the infrastructure, insurance, and consumer goods sectors, will accelerate over the next six months on the back of valuations, which are currently reasonable, and an ...

HUMAN RESOURCES: Shareholders, board should decide on managerial pay
New Delhi, Nov. 18 The Government has that the ultimate decision on whether or not to cap managerial pay in the private sector should be left with the shareholders and the board of ...

AWARDS & HONOURS: AP Genco bags India Power award
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