The Hindu Business Line : Wednesday, May 17, 2006

`Make public report on Bombay High fire'
The Association of Scientific and Technical Officers (ASTO) of Oil and Natural Gas Corporation (ONGC) has demanded that the Government make public the report by independent enquiry committee on the Bombay High North (BHN) platform fire accident ... More

ANNOUNCEMENTS

Hindalco hikes aluminium prices by Rs 10,000 per tonne
Hindalco Industries Ltd has raised prices of aluminium by Rs 10,000 per tonne in a bid to keep pace with the overall upturn in the metal's prices on international markets. The company's primary metal price will now be Rs 1,45,800 per ... More

Tata Power to transfer division
Tata Power Company Ltd has obtained shareholder permission for transferring its power systems division to Tata Project Ltd. The permission was obtained by way of postal ballot, said the company in a notice to the stock exchanges. ... More

Dr Reddy's launches asthma drug Doxofylline
Dr Reddy's Laboratories Ltd has introduced a European research product Doxofylline, a second-generation xanthine bronchodilator. In a press release here on Tuesday, the company said it has introduced this product under licence agreement from ... More

Punj Lloyd bags Rs 138-cr deal
Engineering and construction firm Punj Lloyd has bagged a contract of over Rs 138 crore for construction of a pipeline project from GAIL (India) Ltd. The contract involves construction of the first phase of the Dahej-Uran ... More

PRIVATE PLACEMENT

GMR Infra may sell 2 pc equity for Rs 200 cr
Talks with three global hedge funds at advanced stage More

OVERSEAS BORROWINGS

Dabur Pharma to raise $25 m
Dabur Pharma Ltd, a Dabur Group company, today said it will raise $25 million by way of shares or other securities. At its meeting held today the board approved raising the amount through the issue of shares, fully convertible ... More

MERGERS & ACQUISITIONS

Federal-Mogul ups stake in Goetze to 50 pc
Federal-Mogul Corporation on Monday announced the acquisition of additional shares to own the majority stake of its long-standing joint venture, Goetze (India) Ltd (GIL). The transaction, which increases Federal-Mogul's share in GIL to 50.1 ... More

EU rules out nationality as criterion in Mittal case
In the light of the Government's recent query on the Mittal-Arcelor case, the European Union (EU) clarified on Tuesday that Mr Lakshmi Mittal's bid to takeover rival Arcelor would not be decided on the basis of nationality but on business and ... More

Precot Mills to seek nod for group co merger
A meeting of the shareholders of Precot Mills Ltd (Precot) and that of its group company Meridian Industries Ltd, which have decided to merge, will be held here on June 9. The meeting has been called to get the approval of the respective ... More

NEW PROJECTS

Saint Gobain to set up new production line
To invest Rs 100 cr for new line More

Suzuki launches 125cc bike `Zeus'
Invests Rs 200 cr for plant in Gurgaon for 1 lakh bikes per annum More

DIC India to make Bangalore new hub
For blending operations for offset, sheetfed, liquid inks More

TRADE & LABOUR UNIONS

Strike called off at Suryalakshmi
The workers of Suryalakshmi Cotton Mills Ltd at its denim division at Ramtek have called off their strike unconditionally and resumed work from May 15, the company informed the stock exchanges. The company said it expects normal ... More

ALLIANCES & JOINT VENTURES

NCCL in pact with NHAI
The National Highways Authority of India (NHAI) today signed a Rs 140.39-crore contract agreement with Nagarjuna Construction Company Ltd (NCCL) for four-laning a 38-km stretch on the Jhansi-Lakhnadon section in Uttar Pradesh. This contract ... More

INTERVIEW

Prices not very high, says JK Cements
I do not know as to how they say that prices are high or prices are low, when there is a free economy. There is no dearth of cement in any province except in some remote areas, where the prices may be high. If one asks for cement, it is available: Mr R.G. Bagla `Logistics a major problem faced by industry' More

OUTLOOK

Strides to tap QIP for $50 m funds
Strides Arcolab Ltd plans to tap the recently announced QIP route by raising half of the earlier planned $100 million (Rs 450 crore) fresh funds through qualified institutions placements. The company's board has approved the QIP option for up ... More

Toyota Kirloskar asks parent co to send more Camrys
Surge in demand for the car in the country More

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