The Hindu Business Line : Tuesday, May 09, 2006

Khaitan Electricals plans pref offer
The board of Khaitan Electricals Ltd (KEL) at its meeting held on Monday has decided to convene an extraordinary general meeting of shareholders on June 5 to seek their consent for the proposed preferential offer of equity shares. The company ... More

GENDER

`More women needed on corporate boards'
"Affirmative action on reservations has been recognised within the framework of the Constitution as a medium to promote certain sections but it need not be at the cost of merit," said the Minister of State for Industry, Mr Ashwani Kumar. ... More

HUMAN RESOURCES

RIL to set up facility to train workmen
Acute scarcity of skilled labour for new 0Jamnagar project More

MERGERS & ACQUISITIONS

Gujarat NRE to up stake in Australia's Zelos to 85 pc
Lease of NRE Avondale mine to be transferred to Zelos More

Indus Fila buys fabric unit of Sai Lakshmi Ind
Apparel maker Indus Fila has acquired the fabric division of Sai Lakshmi Industries Pvt Ltd for Rs 90 crore. A press statement from Indus Fila said that it had acquired total assets of the Mysore-based company, which includes 63.29 acres land, ... More

NEW PROJECTS

Nava Bharat Ferro Alloys plans Rs 350-cr expansion
Proposes integrated sugar, bio-fuel and greenfield power projects More

Indian Rare Earths to expand capacity
Indian Rare Earths Ltd (IREL) is all set to become a dominant player in the mineral sand industry both in the national and international market, according to Mr S. Sivasubramanian, Chairman and Managing Director of IREL. IREL, the industry ... More

TRADE & LABOUR UNIONS

Lockout declared at Nellimarla jute mill
Management blames `recalcitrant' unions; union leaders allege anti-worker policies More

ALLIANCES & JOINT VENTURES

Glenmark inks marketing pact with Aspen US
Glenmark Pharmaceuticals has inked a deal with Aspen US, in its second marketing agreement announced this month targeting the pain segment in the United States. Executed through Glenmark Pharmaceuticals Inc (GPI), the wholly-owned subsidiary of ... More

HPCL-Total joint venture begins work on cavern unit
May help in cutting down freight costs More

Srinivasa Shipping in pact with Malaysian firm for township project
The company has set up two special purpose vehicles to develop residential complexes in Hyderabad and Chennai. More

SOCIETY & DEVELOPMENT

Jet special for underprivileged kids
Jet Airways operated a special `Flight of Fantasy' for underprivileged children in association with the Swayamsidh School for Autistic and Multiple Disabled, the Government Deaf and Dumb School, the Navjeevan Society for ... More

OUTLOOK

Balaji Telefilms cautiously progressing on film production
Despite a successful entry into film production, Balaji Telefilms Ltd is treading this segment with caution. The television software company has chalked out plans for its next film, which is slated to go on the floor by July. The company has ... More

ITL targets Rs 100-cr tractor exports
International Tractors Ltd (ITL), manufacturer of the Sonalika brand of tractors, has set a target of Rs 100 crore of tractor exports for the current fiscal. Last year, the company had recorded export turnover of Rs 50 crore. The ... More

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