The Hindu Business Line : Monday, September 19, 2005

Granules India to pay 12.5 pc
THE board of directors of Granules India Ltd (GIL), at a meeting held here on Saturday, has recommended a dividend of 12.5 per cent for the financial year ended June 30, 2005. In the previous accounting period, the company paid a dividend of ... More

NTC to sell one more Mumbai property
THE National Textile Corporation has put up one more of its Mumbai properties for sale. The property is located in Nepean Sea Road, one of Mumbai's most expensive areas. It has a bungalow and land, measuring 5,212 sq m, and a built up area ... More

AWARDS & HONOURS

Udyog Ratna award for Nestle India chief
MR Martial Rolland, Chairman and Managing Director, Nestle India Ltd, has been awarded the Udyog Ratna Award for his contribution to the economic development of Punjab. The award was given by the Punjab Chief Minister, Capt. Amarinder Singh, ... More

MERGERS & ACQUISITIONS

IFFCO in Rs 2,180-cr deal to acquire Oswal Chem units
THE Indian Farmers Fertiliser Co-operative Ltd (IFFCO) will acquire the di ammonium phosphate (DAP), nitrogen phosphorus potash (NPK) and phosphoric acid facilities of Oswal Chemicals and Fertilisers Ltd in Paradeep for Rs 2,180 crore. "The ... More

NEW PROJECTS

Cethar Vessels plans Rs 50-cr expansion
The company intends to enter the market for bigger boilers. More

IOC to seek nod for Paradip refinery project next month
THE jinxed Paradip refinery-cum-petrochemicals project proposal, which had faced scrutiny time and again, may be placed for approval before the Indian Oil board in October or November. IOC has already prepared a detailed feasibility report ... More

ALLIANCES & JOINT VENTURES

BEML ropes in HMT for metro rail coaches project
BHARAT Earth Movers Ltd said it has signed an MoU with HMT Ltd to build metro rail coaches. The Planning Commission has approved a total grant of Rs 108 crore for this plan. BEML will source Rs 25 crore of the grant for the current fiscal ... More

BONUS ANNOUNCEMENTS

Yeh, bonus ka maamla hai
"LOOK Wipro has announced a 1:1 bonus," said Wafers. "So what?" asked China. "You see, for every one share held I get one free. I have 50 shares; I will now have 100," she said. That statement took Rinku's ... More

OUTLOOK

Public-pvt partnerships in infrastructure — Srei eyeing new projects under `viability gap' grant
The plan is to participate in infrastructure financing projects mainly pertaining to roads, ports and renewable energy development throughout the country, with special focus on the East and North-East. More

BOOKS

Magazine for executives launched in Thiruvananthapuram
THIRUVANANTHAPURAM: Dr G. Madhavan Nair, Chairman, Indian Space Research Organisation (ISRO), launched Executive Knowledge Lines (EKL), an English magazine, here. Mr N. T. Nair, Chief Editor, said EKL is the outcome of a ... More

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