The Hindu Business Line : Thursday, January 13, 2005

K-G deepwater blocks: Australian co bags ONGC contract
ONGC has awarded turnkey contract for the `integrated development of deepwater blocks in Krishna-Godavari offshore' to Clough Engineering Ltd of Australia. The fields are expected to produce one million tonne of low sulphur crude oil and six ... More

Malaysian team holds talks with AP Govt
HYDERABAD: Dhaya Maju Infrastructure Asia, a Malaysian construction company, has evinced interest in building irrigation projects in the State. The company representatives led by Mr Perek Darul met the State Minister for Major ... More

BHEL: Correction

PREFERENTIAL ALLOTMENTS

Madhucon board okays pref allotment

CORPORATE GOVERNANCE

British trade body urges Indian corporates to set new examples on governance
THE Confederation of British Industry has urged businesses in India to be proactive in implementing strategies that promote corporate governance. Sir Digby Jones, Director General, Confederation of British Industry, exhorted Indian industry to ... More

NEW PROJECTS

Essar Power to hike Hazira plant capacity
ESSAR Power Ltd (EPL) is setting up a 1,500-MW plant at Hazira that already has a 515-MW plant. This will take EPL's aggregate capacity at Hazira to 2,015 MW. The plant, which qualifies as a megapower project, is expected to cost some Rs 4,000 ... More

Hanil Era plans Rs 50-cr expansion programme
EXPORT house Hanil Era Textiles is investing Rs 50 crore in a modernisation-cum-expansion programme to take advantage of the brighter prospects in a quota-free regime. Mr R.K. Agarwal, Chairman, Hanil Era Textiles, said that the company is ... More

Indo Asian Fusegear draws up Rs 55-cr plan for expansion
The company is planning to enhance production capacity across various product segments and has drawn up a Rs 55-crore investment plan for the purpose. The Chairman and Managing Director, Mr V.P. Mahendru, says that only about Rs 15 crore of ... More

Electrotherm to set up pig iron unit in Gujarat
ELECTROTHERM India Ltd is entering the iron and steel sector and is setting up a pig iron manufacturing facility in Gujarat and eventually plans to integrate the whole production chain. Company officials told Business Line that the ... More

Zicom to invest Rs 15 cr in expansion
THE Mumbai-based Zicom Electronics Security System Ltd will be investing about Rs 15 crore in its expansion activities both in India and abroad during the current year. According to the Promoter and Chairman of Zicom, Mr Manohar Bidaye, the ... More

Tata Steel signs pact with Bengal Govt for Hooghly Met Coke venture
TATA Steel on Wednesday signed a memorandum of understanding with the West Bengal Government for setting up its first greenfield project in the State: an 8,00,000-tonne-per-annum merchant coke oven plant at Haldia. The company will set up a ... More

Maruti acquires more land for fourth plant, plans gearbox unit
MARUTI Udyog Ltd has acquired 100 acres of additional land in Haryana (500 acres was allotted already) for its fourth assembly line in the country to fuel expansion plans and launch new cars. The expansion plans, spread over three years, will ... More

ALLIANCES & JOINT VENTURES

India Inc welcomes scrapping of Press Note 18
WHILE India Inc was near unanimous in welcoming the scrapping of the contentious Press Note 18 announced by the Prime Minister, Dr Manmohan Singh, on Wednesday morning, players were guarded in their response to the provisions of the new Press ... More

Restrictive clauses of Press Note 18 go
THE Government has done away with the restrictive provisions of Press Note 18 for all future joint ventures with foreign partners. In the new dispensation, effective from today, while existing joint ventures will continue to be protected by a ... More

New guidelines to facilitate increased FDI thru jt ventures
WITHIN a few hours of the Prime Minister, Dr Manmohan Singh, announcing the scrapping of the Press Note 18 provisions for all future joint ventures, the Government on Wednesday came out with a set of fresh guidelines for foreign collaborations. ... More

Press Note 18: A scorecard
THE high profile case of ICI of UK's attempt to acquire a 9.2 per cent stake in Asian Paints and press note no.18 may be interminably linked. Asian Paints refused to give a board resolution approving the share acquisition by ICI and the deal ... More

SOCIETY & DEVELOPMENT

Indian Bank gives Rs 3 cr for PM tsunami fund
The bank's Chairman and Managing Director, Mr M.B.N. Rao, handed over cheques for Rs 2 crore and Rs 1 crore representing the bank's contribution and the contribution of a day's salary by its employees, to the Prime Minister, Dr Manmohan Singh, on ... More

Nagarjuna Construction to adopt 50 boys
HYDERABAD: Nagarjuna Construction Company Ltd (NCCL) has offered to adopt 50 boys, in the age group of 5 to 10 years, orphaned by the recent tsunami through the Sirisha Memorial Charitable Trust (SMCT) promoted by the company's Chairman, ... More

DuPont donates Rs 20 lakh

DIVERSIFICATION

Pidilite forays into snack market with `Chikkers'
Unthinkable it may seem but Pidilite Industries Ltd, makers of Fevicol, an adhesive brand, has launched a snack product. The Rs 750-crore companyis testing the snack market with sweet crispies under the brand name `Chikkers'. At present, the ... More

PEOPLE

New General Manager for KLM - Northwest

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Pick a Winner Stock Market Contest

Textile export to quota countries in Jan-Dec up 5.48 pc

Gem & jewellery exports rise 43 pc in April-August

Every seventh stock traded hits lower circuit

Infosys widens clientele, sees good growth in BPO biz

Drastic fall in rubber prices unlikely

Industrial output grows 7.9 pc in November

Exports up 23.41 pcin April-December