The Hindu Business Line : Sunday, October 02, 2005

SAIL cuts prices of long products
STEEL Authority of India Ltd (SAIL) on Saturday announced a reduction in the prices of its long products. Flat product prices, however, remained at the same level. According to a company spokesman, the public sector steel giant had reduced ... More

DTDC clarification

PREFERENTIAL ALLOTMENTS

New SEBI guidelines' effect on Cholamandalam Investment — Murugappa group drops move to make pref offer to DBS Bank
Under the revised takeover guidelines, if in a company the promoters hold a 55 per cent stake, they cannot raise their holding either through a preferential offer or a creeping acquisition. More

MERGERS & ACQUISITIONS

Four cos in race to buy HLL's Doom Dooma Tea
LEADING tea companies, Apeejay Surrendra Group, Dhunseri, Warren Tea and MK Shah Exports are in the fray to acquire Hindustan Lever's wholly owned subsidiary Doom Dooma Tea Co Ltd for around Rs 50-55 crore. Sources said that the apart from ... More

M&M plans to acquire two engineering cos
NEW DELHI: Mahindra & Mahindra Ltd is on the verge of acquiring two auto engineering companies, including one overseas, as it seeks to increase its revenue from the auto components business four-fold to $1 billion by 2010. "The ... More

NEW PROJECTS

L&T to develop manufacturing growth centre in Coimbatore — Rs 500-cr marine structures unit also on cards
LARSEN & Toubro Ltd plans to develop a manufacturing growth centre in Coimbatore, its fifth such centre in the country. Simultaneously, the company is also considering having another facility to manufacture marine structures at an investment ... More

Tata Steel forms task force for Jharkhand greenfield plant
TATA Steel has formed a task force for initiating and completing preliminary work such as finalising the site, securing raw materials and ensuring infrastructure support with respect to its proposed 12-million-tonne per annum greenfield steel ... More

ALLIANCES & JOINT VENTURES

Nalco eyeing West Asia for jt venture projects
NATIONAL Aluminium Company Ltd (Nalco) is actively exploring the possibility of setting up joint venture projects in the West Asian countries, since surplus alumina to the tune of 1.2 million tonnes will be available after it completes the second ... More

SOCIETY & DEVELOPMENT

M&M commits 1 pc PAT to social projects
MAHINDRA & Mahindra on Saturday said that it would commit one per cent of profit after tax (PAT), amounting to around Rs 7-8 crore per year, on a continuing basis to support various social projects. Making the announcements as part of its ... More

OUTLOOK

JK Paper bullish about high growth segments

Coated paper segment is growing at 12-15 per cent and is set to pick up with the increasing demand for coated papers from the printing and publishing segment.

In 2004-05, JK Paper's sales revenue was Rs 730 crore with a profit after tax of R s 38 crore. More

PERFORMANCE

Hero Honda sales up 22 pc in Sept
NEW DELHI: Hero Honda registered a 22.3-per cent increase in sales in September this year to 2,66,071 bikes, against 2,17,507 bikes in the corresponding month during the previous year. Sales during the month jumped 9.6 per cent over the ... More

PEOPLE

Filippis is new Fiat India MD
MUMBAI: Fiat India on Saturday announced the appointment of Mr Giovanni De Filippis, as Managing Director of the company with effect from October 1. The appointment assumes significance as Mr Filippis has been involved in the ... More

TRENDS

Indian companies awash with liquidity
Surplus funds in excess of Rs 1,00,000 crore
IT appears to be India Inc's fitting response to the call of "Show me the money!" Listed Indian companies are sitting on a pile of cash and liquid investments, which at the end of financial year 2005, aggregated to about Rs 1,16,000 ... More

Scoreboard
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line