The Hindu Business Line : Monday, October 31, 2005

Kohler India launches LPG-based generators
KOHLER India Corporation (KIC), a US-based group with a product range of power systems, kitchen and bath products, has launched LPG and CNG fuel-based generator sets for residential and small business applications. The demand for such a ... More

Maruti to increase Swift production
MARUTI Udyog Ltd has announced that it would increase production of its latest model, Maruti Suzuki Swift by 30 per cent to bring down waiting time. The company, which has so far been producing at the rate of 5000 Swifts per month, will step ... More

Southern Online Bio gets BSE trading nod
SOUTHERN Online Bio Technologies Ltd (SBT) has obtained permission from the Bombay Stock Exchange (BSE) to trade on the bourse from October 31 onwards. The company's shares are already listed on the Hyderabad Stock Exchange (HSE). In a ... More

GM to hike prices of Tavera, Optra
GENERAL Motors India has said it would be hiking the price of its multi-purpose vehicle `Tavera' and premium sedan `Optra' by 1-2 per cent and would be investing Rs 100 crore to hike capacity at its Halol plant to 80,000 units. "There has ... More

TELK bags Rs 14-cr order
KOCHI: The State-owned Transformers and Electricals Kerala Ltd (TELK), Angamally, has bagged an order worth Rs 14 crore from Rajasthan Electricity Board. The order is for supply of four 100 MVA, 220/132 kv auto transformers. TELK ... More

Ford to pump $75 m into Indian venture
FORD Motor Company has said that it will infuse $75 million (about Rs 330 crore) as equity in its Indian subsidiary "to support further growth in the important Indian market," according to a press release from Ford India Pvt Ltd. The release ... More

OVERSEAS BORROWINGS

Orchid Chem raises $75 m thru GDRs
ORCHID Chemicals & Pharmaceuticals Ltd announced that it has raised $75 million through the issue of 86,50,000 GDRs aggregating $37.5 million and $37.5 million through the issue of convertible bonds. In addition, there is a greenshoe of $5 .. More

ACCOUNTANCY

No missing the bus
The chartered accountant has been honing his IT skills so he can ride the tech bus. And helping him is the ICAI. More

CORPORATE BONDS

Bhagyanagar Metals plans FCCB issue to set up IT park — To carve out 3 separate cos
BHAGAYANAGAR Metals Ltd, the Hyderabad-based telecom products company, is planning a foreign currency convertible bond (FCCB) issue to part-fund the development of an IT park. It is also set to restructure operations and carve out three separate ... More

MERGERS & ACQUISITIONS

Khaitans to merge WTA into McLeod Russel — Co boards meeting today
FIVE months after announcing the acquisition of the 17 gardens of Williamson Tea Assam Ltd (WTA) of the London-based Magors, the Khaitans has initiated a consolidation act. The BM Khaitan Group has decided to merge WTA into its tea outfit, ... More

ONGC Tripura Power may see change in equity structure
ONGC Tripura Power Company Ltd (OTPCL) may witness a change in its equity structure with the possibility of ONGC acquiring a higher stake than the initially approved 26 per cent. As per the existing structure, the Tripura Government has been ... More

Nicholas Piramal buys Avecia for Rs 76 cr
The acquisition would complement the Indian drug-major's existing operations in custom-manufacturing, besides catapulting it onto the global stage. More

NEW PROJECTS

NRI group sets up pilot plant to process vanilla
IF the entire quantity of an estimated 700 tonne of synthetic vanillin used in the country by various industries is substituted by natural vanillin that itself would open up tremendous potential for growing vanilla in the country. Natural ... More

Thekkady resort project
KOCHI: The Kochi-based Holy Faith Builders and Developers Pvt Ltd is in the process of setting up a luxury apartment hotel-cum-resort project at Kuttikanam, Thekkady, in association with East West Group of companies in Saudi Arabia. The ... More

VSP expansion likely to be cleared today
THE proposed capacity expansion of the Visakhapatnam Steel Plant (VSP) from three million tonnes (mt) of liquid steel to 6.3 mt, cleared by the Union Government earlier this week, will be a shot in the arm for the industrial growth of Vizag and ... More

OVERSEAS INVESTMENTS

Pricol to set up unit in Indonesia
PRICOL Ltd, a major player in the automotive instruments segment, has decided to establish a wholly owned subsidiary in Indonesia. Work on the plant is expected to commence next month and will be completed in about a year's time. The ... More

ALLIANCES & JOINT VENTURES

Tuticorin port, NLC tie up for thermal plant
THE Tuticorin Port Trust (TPT) and Neyveli Lignite Corporation (NLC) have signed an agreement for a proposed 1,000 MW thermal plant to be set up on the Tuticorin port land. Two new thermal power plants, each 500 MW capacity, at a cost of Rs ... More

BHEL, Alstom pact
STATE-run Bharat Heavy Electricals Ltd (BHEL) has entered into a technology transfer agreement with French power major Alstom for design and manufacture of large-size supercritical boilers, a move that would enable the PSU to undertake 800 MW ... More

PERFORMANCE

Payments to IOC — Nepal Govt comes to NOC's rescue again
NOC was recently forced to get back to the Nepal Government for settling the September import bill of Rs 120 crore. While the Government stood by NOC this time, too, by way of extending loan, IOC has already sent indicative bills for the next month, which are even higher. More

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