The Hindu Business Line : Tuesday, September 26, 2006

SCCL wins mine rescue contest in China
In providing first aid and rescue operations, a team from the Singareni Collieries Company Ltd (SCCL), has won the runner's up prize at the global competition held in China recently. The State-owned, SCCL was also the only coal company from ... More

BUYBACK
ICI India fixes buyback at Rs 350 a share
ICI India Ltd has announced a buyback plan of its fully paid-up equity shares of the face value Rs 10 each at a price not exceeding Rs 350 per share. The buyback of 37.49 lakh , representing 9.17 per cent of the outstanding fully paid-up equity ... More

DIVIDEND ANNOUNCEMENT
FCE okays 10 pc dividend
The fifth annual general meeting of the First Commodities Exchange of India Ltd was held here on Saturday. A maiden dividend of 10 per cent was approved for the financial year 2005-06. In the vacancy arising on the retirement ... More

NEW BUSINESS
ICSA bags CPCDL deal
ICSA (India) has received an order of Rs 67.5 crore from Central Power Distribution Company Ltd, Andhra Pradesh that seeks to convert Low Tension distribution system to high voltage distribution system. The company in a statement ... More

HCC bags contracts from NHPC
Hindustan Construction Co Ltd (HCC) has bagged two contracts from National Hydroelectric Power Corporation Ltd worth Rs 794 crore in Jammu and Kashmir. While one is the Chutak hydroelectric project for Rs 410.54 crore, the other ... More

INSIGHT
Corporate culture calls for common code
Without a uniform belief structure, employee behaviour may be governed by varying values and individual idiosyncrasies. More

HUMAN RESOURCES
ONGC manages to check high attrition rates
In areas such as drilling, well logging, geo-physics, geology More

`MBAs must work with multi-functional personality'
"MBAs are a nice bunch of people, they know how to put things across, have good communication skills and good habits, but they do not stay back. They do not have the commitment to the employer," said Mr P.B. Sampath, Director and Secretary, TAFE ... More

MERGERS & ACQUISITIONS
Kerala is a loser in BPCL-KRL merger, say experts
The recent merger of Kochi Refineries Ltd (KRL) with Bharat Petroleum Corporation Ltd (BPCL) is considered by many experts here as a loss to Kerala. "The State has lost a good company, which it could showcase before a prospective foreign ... More

HPCL offers OIL stake in Bhatinda refinery project
Oil India Ltd (OIL) has received an offer from Hindustan Petroleum Corporation Ltd (HPCL) to buy stake in the latter's Bhatinda refinery project. OIL sources told Business Line that a committee set up by the company was examining the ... More

Visaka shareholders' meet on Oct 7
Following the order of the Andhra Pradesh High Court, Visaka Industries Ltd is holding a meeting of its equity shareholders on October 7 for the purpose of considering and approving the scheme of amalgamation of Shakti Roofings ... More

OVERSEAS INVESTMENTS
Sivasakthi plans global footprint for Nitraa furniture brand
New brand `Aartin' to be retailed through small dealers More

ALLIANCES & JOINT VENTURES
Duncan Macneill ties up with Italian co
Assam Company informed the BSE on Monday that the company's wholly owned subsidiary Duncan Macneill Natural Resources Ltd, UK (DMNRL) has entered into an agreement with Torno Investments Ltd of Italy to float a new company, ... More

STANDARDS & BENCHMARKS
HM puts Cosmos on hold
Technical flaw in brake system the main reason More

OUTLOOK
Biocon bets big on oral insulins, antibodies
Oral insulin under phase-I clinical trials More

Sonalika in talks for car tie-up
Currently in talks with two European cos and a Chinese firm More

Videocon eyes second slot in CTV market
Targets 60 per cent growth More

RINL eyes Rs 8,482-cr turnover
Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant) expects achieve a record sales turnover of Rs 8,482 crore and net profit of Rs 1,252.37 crore during 2005-2006. This was stated by Mr Y. Sivasagara Rao, Chairman and Managing Director, on ... More

PERFORMANCE
SAIL supplies wheels to Rlys ahead of schedule
Steel Authority of India Ltd (SAIL) has said its Durgapur plant has started supplying locomotive wheels to the Indian Railways six months in advance of the scheduled despatch. The company, earlier in May this year, had received an order to ... More