The Hindu Business Line : Thursday, August 11, 2005

Era Constructions bags Rs 25-cr order
MUMBAI: Era Constructions has bagged a Rs 24.35 crore contract for undertaking civil works at the Gold Souk and Wedding Souk at the Jalandhar by-pass in Ludhiana. A company press release said the work is scheduled to be completed within ... More

Decision on OVL block in Kazakhstan by Dec
A DECISION on the block to be developed by ONGC Videsh Ltd (OVL) in Kazakhstan is to be taken by the end of this year. The overseas arm of Oil and Natural Gas Corporation (ONGC), ONGC Videsh Ltd (OVL), together with KazMunayGas, have ... More

CORPORATE DISPUTES

Tata Tele petitions TDSAT against Reliance over inter-connection
TATA Teleservices has filed a petition with the Telecom Dispute Settlement Appellate Tribunal (TDSAT) against Reliance Infocomm for allegedly not giving interconnection in 12 circles. Tata Teleservices claimed that calls being made from a ... More

More time sought to complete inventory of Priyamvada's assets
THE three Special Officers appointed by the Calcutta High Court for making an inventory of articles, assets and properties lying in the houses of the late Priyamvada Birla at Kolkata, Allahabad, New Delhi and Mumbai submitted their reports on ... More

RESTRUCTURING

Munjal Auto to demerge unit
NEW DELHI: Munjal Auto Industries plans to demerge its Binola unit in Haryana into a separate company. The board of directors of the company on Wednesday decided to demerge its Binola unit, engaged in forging or machining activities, ... More

MERGERS & ACQUISITIONS

Sun Pharma acquires Hungarian unit of US co
IN its second major overseas acquisition, Mumbai-based Sun Pharma has bought US-based Valeant Pharma's manufacturing operations in Hungary at an undisclosed price. The acquisition of Valeant's raw materials and dosage-form manufacturing ... More

IOC, GAIL approach GSPCL for stake in gas reserve
INDIAN Oil Corporation and GAIL (India) have approached Gujarat State Petroleum Corporation Ltd (GSPCL) for picking up a stake in the gas reserve identified by GSPCL in the Krishna-Godavari basin. Highly placed sources in GSPCL told ... More

NEW PROJECTS

Mawana Sugars plans Rs 535-cr capacity expansion
MAWANA Sugars on Wednesday announced its plans to invest Rs 535 crore over the next two years towards setting up new sugar mills, co-generation and distillery plants, and enhancing capacity of present units. With these investments, the ... More

US health body to set up lab in Hyderabad
UNITED States Pharmacopeia (USP) will set up its first laboratory outside the US in Hyderabad. The centre will come up at the ICICI Knowledge Park in the city. USP is an independent public health organisation that sets standards for drugs and ... More

ALLIANCES & JOINT VENTURES

Jupally Agro to export gherkins to US, Canada
JUPALLY Agro Products Ltd (JAPL), a Hyderabad-based, company has entered into an agreement with Miller and Smith Foods Inc for export of gherkins (tender cucumber) to the US and Canada. Under the agreement, the 100 per cent export-oriented ... More

GAIL, Leyland Project tie up for CNG biz
GAIL (India) Ltd has signed a co-operation agreement with Ashok Leyland Project Services Ltd (ALPS) for pursuing business opportunities in compressed natural gas (CNG) and related sectors in India and abroad. According to a GAIL release, the ... More

Manipal Hospital opens tele-medicine link at Gurgaon
The Manipal Hospital on Wednesday announced its first healthcare link in the Northern region through a telemedicine tie-up with the Gurgaon-based Privat Hospital. The tie-up will enable tele-consultations for a range of ailments with the ... More

OUTLOOK

Fenner plans to expand reach through overseas foray
FENNER (India) Ltd, a major player in the industrial and automotive v-belts and power transmission products segment, is looking for expanding its reach by either acquiring or establishing manufacturing facilities both in India and abroad. The ... More

LML hopes new model will drive it into the black
LML today said that it expects to return to black in the fourth quarter of this fiscal, after three-and-a-half years of incurring losses. The company, which has gone in for a major restructuring, today launched a 100 cc bike in the market, ... More

Riddhi Siddhi to expand product range — To use HLL bio-polymer unit as R&D centre
RIDDHI Siddhi Gluco Biols Ltd, which has acquired HLL's functional bio-polymer unit in Pondicherry, says that the unit will be its centre for developing new starch-based products to expand its product and market range. Also in the pipeline is a ... More

PERFORMANCE

SAIL logs 22% growth in iron ore despatches
THE Raw Materials Division (RMD) of Steel Authority of India Ltd (SAIL) has recorded a growth of 22.1 per cent in despatch of iron ore in the first quarter of the current financial year compared with the corresponding quarter of the previous ... More

PEOPLE

Bharat Forge appoints Dr Loos as Director
BHARAT Forge Ltd (BFL) on Wednesday informed that Dr I.U. Loos has been appointed as a director of the company, effective August 1. According to it, he had previously served with Porsche AG as member of its management board and was chairman ... More

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