The Hindu Business Line : Tuesday, August 09, 2005

BEML to come out with public issue
BHARAT Earth Movers Ltd (BEML) intends to tap the capital market in September to part finance its proposed investment plans. The company needs to invest around Rs 500 crore over the next 4-5 years. A part of that would be met through the ... More

Himalya Intl gets Rs 5.5-cr US order
MUMBAI: Himalya International Ltd has announced that it has received an order worth Rs 5.50 crore from US FoodService for supplying frozen stuffed mushrooms and baby potatoes. The order is the first among the number of orders the company ... More

INSIGHT

The global manager in perspective
TODAY'S corporates need to look at the whole world, and develop appropriate strategies that will work across national frontiers. A logical corollary of this trend is that the corporate leaders need to develop skills ... More

RESTRUCTURING

HLL sells bio-polymers unit to Riddhi Siddhi
HINDUSTAN Lever Ltd (HLL) has sold its functional bio-polymers unit to Ahmedabad-based Riddhi Siddhi Gluco Biols Ltd. Details of the value of the transaction were not known. This move by HLL is yet another to exit non-core business. The FMCG ... More

MERGERS & ACQUISITIONS

ICI mulls buying HLL stake in Quest
PAINTS company ICI India Ltd is mulling the possibility of buying Hindustan Lever Ltd's (HLL) 49 per cent stake in Quest International, a 51:49 joint venture between ICI and HLL. According to Mr M.R. Rajaram, CFO, ICI India, the company has ... More

NEW PROJECTS

TCL India Holdings plans to set up CTV plant
TCL India Holdings Pvt Ltd, a 100 per cent subsidiary of TCL Corporation, China, is planning to set up a colour TV manufacturing unit in the country, but has not yet decided on the site, said Mr A. Gopalakrishna, Senior Vice-President (Sales ... More

RIL keen on setting up chemicals hub in West Bengal
RELIANCE Industries Ltd has evinced interest in setting up a chemicals hub in West Bengal, among other investments. The company's Chairman, Mr Mukesh Ambani, has sought an appointment with the West Bengal Chief Minister, Mr Buddhadeb ... More

ALLIANCES & JOINT VENTURES

IFFCO inks pacts with GAIL, GSPCL for long-term LNG supply
INDIAN Farmers Fertiliser Co-operative Ltd (IFFCO) today said it has signed long-term fuel supply agreements with GAIL (India Ltd) and Gujarat State Petroleum Corporation Ltd (GSPCL). Under the agreements signed, GAIL (India Ltd) and GSPCL will ... More

Dr Reddy's, NMIMS tie up for MBA programme
DR Reddy's Laboratories Ltd has announced that it has partnered with the Mumbai-based Narsee Monjee Institute of Management Studies (NMIMS), a premier B-school in India, to offer a MBA (Pharma Management) programme to its employees. In a press ... More

VENTURE CAPITAL

Venture co 3i invests $45.5 m in Nimbus Communications
NIMBUS Communications has attracted the largest ever-private equity investment in the Indian media and entertainment industry — $45.50 million (approx Rs 197 crore) from 3i. This investment marks the entry of 3i, a world leader in private ... More

DIVERSIFICATION

Shareholders okay Pricol IT foray
COIMBATORE: THE proposal of Pricol Ltd, engaged in the manufacture of products such as dash-board instruments, sensors and oil pumps, to enter into the business of information technology consulting and services has been approved by its ... More

OUTLOOK

Lupin firms up overseas expansion plans — Signs pact with Kyowa of Japan
THE Mumbai-based Lupin Ltd has got its overseas strategy charted out. And this includes acquisition plans in the US. Markets that will see active sales promotion are Australia, West Asia, South Africa and the CIS, Lupin's Chairman, Dr Desh ... More

To consolidate lifestyle disorder products biz — Bal Pharma defers ophthalmic segment plan
The company has zeroed in on Uttaranchal to set up its branded formulations unit to take advantage of the excise concession as part of a Rs 32-crore expansion plan. More

PERFORMANCE

Tata Motors July sales up 3.7 pc
TATA Motors today reported a growth of 3.7 per cent in total vehicles sold for July 2005 to 31,170 units from the previous corresponding sales of 30,057 units. Domestic sale of commercial vehicles increased by 5.6 per cent to 13,957 units ... More

PEOPLE

P.V.R. Murthy is Finance Director of Yash Birla Group
YASH Birla Group has announced the appointment of Mr P.V.R. Murthy as Group Finance Director. Mr Murthy is expected to oversee all finance related activities of the group and will also be spearheading the restructuring process now underway at ... More

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