The Hindu Business Line : Thursday, December 21, 2006

ANNOUNCEMENTS
Bhagyangar to sell 5.7 acres
Bhagyanagar India Ltd has informed the BSE that the company has agreed to sell part of its land admeasuring 5.76 acres situated at Uppal, Hyderabad, to Himadri Enterprises Pvt Ltd, Mumbai, for Rs 53.52 crore. The cost of ... More

PRIVATE PLACEMENT
Garware Offshore to raise $ 25m
Garware Offshore Services Ltd on Wednesday announced proposed to raise funds up to $ 25 million through Qualified Institutional Placement (QIP) mechanism, subject to approval of shareholders. This will be utilised for acquiring ... More

NEW BUSINESS
Oberoi-L&T combine wins Bangalore airport hotel bid
Project to be ready by November 2008 More

DLF wins bid for Madras Race Club land
Rs 500-cr investments in the offing More

INFORMATION TECHNOLOGY
HCC scales `new peaks' by adopting SAP
Implements SAP in location 11,000 ft above sea level More

MERGERS & ACQUISITIONS
Gitanjali Gems buys US co
Gitanjali Gems Ltd, a Rs 2,500-crore conglomerate, has acquired US-based Samuels Jewellers Inc and the country's eighth biggest jewellery retailer. The company has acquired a 97 per cent stake in the speciality retailer operating 97 stores ... More

Marico buys hair care brand HairCode
Under the pact, Marico will also invest in a manufacturing company in Egypt. More

Punjab Chem, SD Agchem sign MoU
Punjab Chemicals & Crop Protection Ltd, an exporter of agro chemicals and SD Agchem (Europe) NV, a 100 per cent subsidiary of the company have entered into an MoU to acquire Argentinian company Sintesis Quimica for $ 10 million. More

Actavis buys Grandix plant
Actavis Group is to acquire a manufacturing plant from the Chennai-based Grandix Pharmaceuticals, for an undisclosed amount, an official release said. The company intends to increase the manufacturing capacity of the plant to ... More

CORPORATE GOVERNANCE
The ICSI does not rank companies for corporate governance
Corporate behaviour is a derivative of socio-economic perspectives of the country as well as globalisation. Legislation definitely helps in stimulating good corporate behaviour, by specifying norms in this respect. MR H. M. CHORARI A, PRESIDENT, ICSI More

NEW PROJECTS
Trinamool Congress postpones 48-hour Bangla bandh
Following requests not to disrupt Christmas festivities More

Vizag fishermen threaten stir against drug units
Fishermen of Visakhapatnam district are opposing the construction of four bulk drug units belonging to a Hyderabad-based group at Nallamadapalem village in Nakkapalli mandal. The fishermen have threatened to launch an agitation if the ... More

MRF plans Rs 600 cr for capacity expansion
Reports 98 pc growth in net, to pay Rs 14 final More

Alpa Lab files papers with SEBI
Alpa Laboratories Ltd, a pharmaceuticals formulations company, has filed a draft prospectus with SEBI to enter the capital market with an IPO of 95 lakh equity shares of Rs 10 each through a 100 per cent book building process. Of the shares on ... More

OVERSEAS INVESTMENTS
NTPC scouts for coal blocks in Indonesia, Australia, S. Africa
To tide over fuel shortages at its coal-based stations More

Alps Ind to acquire US company
Alps Industries Ltd will invest Rs 40-100 crore to acquire a marketing company in the USin the next three-four months. "We are looking at the US because that is the market we understand the best," said Mr Sandeep Agarwal, Managing Director, ... More

TRADE & LABOUR UNIONS
CPSE officers urged to withdraw strike call
The Government today appealed to the officials of Central Public Sector Enterprises (CPSEs) not to go ahead with their strike call from December 22 as their demands for higher pay is being examined by a committee appointed recently. "I would ... More

INTERVIEW
What if one more firm bid for Corus at this stage
The Corus battle has entered a new phase with the UK Takeover Panel stepping in and setting a January 30 deadline for the two bidders, that is, Tata Steel and CSN (Cia Siderurgica Nacional) to make revised offers. To understand how the game has ... More

OUTLOOK
Cairn India eyes more finds in Ravva offshore
Cairn India plans to explore new oil and gas reserves under the existing reserves in the Ravva offshore oilfield in the Krishna-Godavari basin. The plan follows encouraging results thrown up by seismic surveys in the block and the slew of ... More

Marg Constructions lines up mega development plans
Will raise Rs 270 cr through mix of overseas equity, pvt placement More

BOOKS
Holistic management book
The Shingo Institute of Japanese Management has brought out a publication on holistic management in pocket book version titled `5S-Workplace Excellence,' put together by Mr K.S. Madhavan, a veteran of the Indian manufacturing ... More