Financial Daily from THE HINDU group of publications
Wednesday, February 22, 2006
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Financial Daily from THE HINDU group of publications Wednesday, February 22, 2006 |
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CORPORATE ANNOUNCEMENTS ONGC crude pipeline restored OIL and Natural Gas Corporation (ONGC) has restored its Nawagaon-Mehsana crude pipeline that had been closed following a leakage on Monday morning. "The pipeline had developed a leak near Thor village, about 35 km from Mehsana. As soon as the ... More
Punj Lloyd bags Rs 125-cr HPCL deal PRIVATE PLACEMENT 
Logix shortlists two US cos for buy-out — Board meet today to discuss fund-raisingLOGIX Microsystems Ltd, a provider of enterprise business solutions, has shortlisted two US companies for acquisition and may conclude a deal sometime in the irst quarter of the next financial year, said the Managing Director, Mr Sanjay Soni. ... More PREFERENTIAL ALLOTMENTS Vimta Labs to raise Rs 78.41 cr via pref offer THE board of directors of Vimta Labs Ltd, the city-based contract research and clinical trials company, at its meeting here on Monday considered the proposal to raise funds of Rs 78.41 crore through preferential allotment of 8,25,432 equity ... More CORPORATE DISPUTES GAIL notice to BSE — Panna-Mukta-Tapti team to approach Oil Ministry THE controversy over supply of natural gas by Panna-Mukta-Tapti (PMT) joint venture (between ONGC, British Gas and Reliance) to GAIL (India) Ltd is unlikely to die down quickly. The joint venture will soon approach the Union Ministry of ... More
GAIL issues notice to IPCL on gas supply pact TELECOMMUNICATIONS Reliance Communications Q3 net profit at Rs 310 cr RELIANCE Communications Ventures Ltd (RCVL) posted a net profit of Rs 310 crore for the third quarter ended December 31, 2005, on revenues of Rs 3,327 crore, according to a statement from the Reliance group of Anil Ambani. RCVL is the holding ... More MANPOWER McDowell announces VRS for employees MCDOWELL & Company has announced a voluntary retirement scheme for its employees. The VRS is part of the final phase of the integration of the operating spirits companies, Herbertsons Ltd, Triumph Distillers & Vintners Ltd, Shaw Wallace ... More IPR Exclusive marketing rights for Novartis' cancer drug cancelled Natco Pharma had challenged the grant of EMRs to Novartis. The grant of EMRs to Novartis had forced several Indian pharmaceutical companies such as Ranbaxy, Cipla, Sun, Hetero, Torrent and Emcure to withdraw their generics from the market. More MERGERS & ACQUISITIONS Carborundum Universal acquires Canadian firm CARBORUNDUM Universal Ltd has informed the stock exchanges that it had acquired Abrasive Enterprises Inc(AEI), a closely held company at Summerside, Prince Edward Island, Canada. The acquisition was completed through a 100 per cent subsidiary, ... More
Siemens signs MoU with Babcock for 50% stake in Flender
Rajesh Exports to go inorganic for retail foray — To buy small, medium jewellery stores
`ONGC working on acquisition of Nigerian blocks' NEW PROJECTS Tata Tea gets ready to exit from all plantations
AML Steel plans to invest Rs 1,944 cr in Jharkhand plant ALLIANCES & JOINT VENTURES Global Automobiles in technical tie-up with Guangzhou of China WEST Bengal is going to get another two-wheeler manufacturing unit within the next few months. If the first joint venture to come up in technical and financial collaboration was with the Salim Group of Indonesia, the second is in technical ... More SOCIETY & DEVELOPMENT 
Tatas to set up advanced cancer centre in KolkataTATAS are replicating the Mumbai-based Tata Memorial Centre by setting up a 150-bed advanced cancer treatment centre in the city at a cost of Rs 120 crore on a 10-acre plot. The foundation stone of this institution, which has been named Tata ... More OUTLOOK 
Kalam wants more Indian cos in Fortune 500THE President, Mr A.P.J. Abdul Kalam, on Tuesday urged more Indian companies to make it to the Fortune 500 list by becoming brand institutions. He said that righteousness and indomitable spirit are the key qualities that make a corporate ... More PEOPLE Masahiro Takedagawa is new Honda Motor Operating Officer MR Masahiro Takedagawa, President and CEO of Honda Siel Cars India (HSCI), is scheduled to take charge as the Operating Officer of Honda Motor Company Ltd, Japan, a company release said. In addition to his current position as the HSCI ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Feb. 12-Feb. 18 GSK Pharma to bring in more products, intensify research Radico gets export duty waiver for grain distillery in UP Reliance Private Equity picks up 44 pc stake in DTDC for Rs 70 cr United Phosphorus buys Dutch seed firm for 100 m euros HLL back in the driver's seat Reliance Petro raises $1.5 b loan for Jamnagar refinery project Banks halt deposit-based lending to corporates Saint-Gobain to set up unit for solar control products — Opens second float glass plant Numaligarh Refinery mulls Rs 800-cr IPO — Final decision in four months Coal India likely to report Rs 6,000-cr net profit K.K. Birla Group makes changes in sugar biz restructure model Ranbaxy was not for `any' price for Betapharm: CEO Indian cos raise $10 b via ECB route in 9 months |
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