The Hindu Business Line : Sunday, August 28, 2005

Cetex bid to promote Duron engine oil
CETEX Petrochemicals Ltd, the petrochemicals-based speciality chemicals company in Chennai, has launched Duron Club, a marketing initiative to promote Duron 15W40 engine oil from Petro-Canada. Cetex is the exclusive distributor for ... More

Kotwal inducted into L&T board
MUMBAI: Larsen & Toubro has inducted senior vice-president, Mr M.V. Kotwal, into its board of directors. Mr Kotwal is in charge of the heavy engineering division of the ... More

Cable cut repaired, says FLAG
THE FLAG Europe Asia cable that suffered a cut a few weeks ago is now operational. The cable returned to service last Wednesday, said a news release from FLAG, a company now in the Anil Ambani fold of the Reliance group. "We are now in the ... More

BUYBACK

New norms on public holding: MNC firms may be most hit
NEW norms requiring minimum public holding of 25 per cent may affect firms that tried to delist but only succeeded in enhancing their stake beyond 75 per cent. The requirement of reverse book building, which increases the price at which the ... More

INVESTMENTS

India Inc keeps investments on tight leash
INDIA Inc may have found profits and cash flow from operations growing at a healthy rate in recent years, but they have nevertheless kept fresh investments on a tight leash. Between March 2001 and March 2005, the aggregate operating cash flows ... More

RESTRUCTURING

GE Shipping board to consider restructuring proposal
THE board of directors of Great Eastern Shipping Company will be meeting on August 31 to consider a proposal to restructure the company's business, a company official said. The official did not give any details of the proposal. According to ... More

FIXED DEPOSITS

Invest in Jindal Stainless FD with one year horizon
Jindal Stainless: Investments in the fixed deposit scheme of Jindal Stainless can be considered with a one -year perspective. Jindal Stainless offers cumulative and non-cumulative schemes. The interest rates offered are 7 per cent for one ... More

MERGERS & ACQUISITIONS

Hurdle cleared in Videocon's Electrolux acquisition
Mr Harish Kumar, a minority stakeholder in Electrolux Kelvinator, has withdrawn his petition in the CLB. More

Clariant to mull amalgamation plan
MUMBAI: Clariant India Ltd will consider a proposal to amalgamate the group companies in India at its board meeting on Monday. The companies include BTP India Pvt Ltd, Colour-Chem Ltd and its subsidiaries, Vanavil Dyes and Chemicals ... More

NEW PROJECTS

Cash-rich, and investing wisely too
FOR MANY companies the cash register has been ringing over the past three years. Deploying this money in investment ideas that will deliver value to shareholders over the long term has now assumed importance. Our ... More

ICICI Bank to issue Rs 50-cr fresh loan to Jaiprakash Hydro
Converts debt to rupee term loan
Jaiprakash Hydro is identifying avenues for entering the "transmission and distribution business and setting up new projects." More

S. Kumars plans Rs 400-cr expansion
S. KUMARS Nationwide Ltd plans to invest Rs 400 crore in expanding and modernising its four textile and apparel businesses over the next two years. The company is adding a fifth strategic business unit (SBU) for high value cotton fabrics. ... More

BONUS ANNOUNCEMENTS

Sterling Tools plans Rs 40-cr unit
NEW DELHI: Sterling Tools Ltd, a leading manufacturer of fasteners, on Saturday said it plans to invest Rs 40 crore to boost capacity by setting up a new plant at Haryana. The company also announced the issue of fully paid up bonus ... More

STANDARDS & BENCHMARKS

TIEL gets ISO 14001
CHENNAI: Tamil Nadu Industrial Explosives Ltd (TIEL) has been awarded ISO 14001:2004 certification by RWTUV Systems, Germany, according to a company press release. The certification is for satisfactory maintenance of the environmental ... More

OUTLOOK

Railways delay in settling claims hits Jessop cash flow
DELAY on the part of Indian Railways in revising prices has hit hard Jessop & Co. The engineering major, which was privatised in 2003 and once again began making a net profit in 2004-05, is now facing a cash crunch because of the delay in ... More

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