CORPORATE
ACCIDENTS
Fire at IOC refinery controlled
The fire at Indian Oil Corporation's Guwahati Refinery late Monday night would not impact the crude throughput and supply of petroleum products for the month. In a statement issued here on Tuesday, the company said: "The throughput and supply ...
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CORPORATE DISPUTES
ONGC, IOC to resolve row over North Gujarat crude
An amicable solution may be in sight between the two state-owned oil giants, ONGC and Indian Oil Corporation (IOC), on the ongoing tussle over North Gujarat crude. ONGC has demanded a refund for a seven-month period starting December 2005 of ...
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OVERSEAS BORROWINGS
IOC raises $250 m to fund crude import
Indian Oil Corporation Ltd (IOC) has signed loan agreements to raise foreign currency loans of $250 million to meet its oil import requirements. The agreements for $250 million loan facility at highly competitive rates, comprising $200 million ...
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DIVIDEND ANNOUNCEMENT
GAIL declares 25% special interim
The board of State-owned gas transmission and marketing major, GAIL (India) Ltd, on Tuesday declared a 25 per cent special interim dividend on the paid-up equity share capital of the company for the financial year 2006-07. According to a ...
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NEW BUSINESS
Gemini bags Rs 75-cr TNEB order
Computerising collections centre in second phase
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RESTRUCTURING
Marine products biz showed decline: HLL
Company explains why it exited
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MERGERS & ACQUISITIONS
Only 3 players bid for Punjab Tractors stake
The bidding process for acquiring stake in Punjab Tractors seems to have been reduced to three players. While earlier four players (Ashok Leyland, Mahindra & Mahindra, TAFE and Tata-CNH) had evinced interest for 43 per cent stake in Punjab ...
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Mittals in talks to buy German co
After merging with Arcelor to form the world's largest steel company, the Mittals have reportedly engaged in talks with Saarstahl, a leading manufacturer of long products based out of Germany, for cooperation or a possible takeover. According ...
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Chandamama to draw strength from Geodesic
Chandamama, the widely-read multi-lingual children's magazine, hopes to move on to the digital era and support its future plans using technical expertise and commitment of Geodesic Info. Confirming the news of Geodesic Info picking up a stake ...
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NEW PROJECTS
L&T in talks with Toshiba to set up jt venture in power
Plans facility to make turbines for power plants
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Kajaria Ceramics to set up plant in Gujarat
The New Delhi-based Kajaria Ceramics Ltd will set up a manufacturing unit for tile-making in Gujarat next year with an initial investment of about Rs 100 crore, Mr Rishi Kajaria, Director (Import Division), said on Tuesday. The Kajaria Group is ...
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GE Energy sets up office in India
GE Energy Financial Services, a unit of General Electric, is setting up its office in India to pursue investments in energy and water. Mr Tejpreet Chopra, President and CEO, GE Commercial Finance India, said that the unit will function under ...
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TRADE & LABOUR UNIONS
Impasse at Pricol unit
The impasse over the `disciplinary action' against a few employees of Pricol Ltd at Mathampalayam here continued for the second day today with a group of workers gathering before the Perianaickenpalayam unit to seek the withdrawal of the ...
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ALLIANCES & JOINT VENTURES
ABC Bearings in tie-up with Japanese co
Japanese ball bearings manufacturer NSK Ltd has entered into a joint venture with tapered and cylindrical roller bearings manufacturer ABC Bearings to set up a unit to manufacture bearings for the global automotive industry (largely Japan), ...
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DIVERSIFICATION
DLF readies for foray into life insurance
Takes Prudential Financial of US as partner
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SICK UNITS
Reopening of Hindalco unit unlikely
The reopening of the Hindalco's smelter unit at nearby Eloor is unlikely and instead the management is planning to put forward a proposal to the Kerala Government for developing/diversifying the existing unit to provide employment to the ...
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SHAREHOLDER ACTIVISM
`Novartis to continue with Glivec case'
Despite global pressure to stop its pursuit
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OUTLOOK
Tata's Rs 1-lakh car may come with 600cc petrol engine
Plans to launch new passenger carrier
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ONGC to commission Rs 950-cr coal bed methane project soon
Discussions on with authorities for residual land acquisition
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NPCIL to add 10,000 MW capacity using imported fuel
State-owned Nuclear Power Corporation of India Ltd (NPCIL) is looking to set up new generation capacity of up to 10,000 MW using imported uranium over the next 5-10 years in the wake of the Indo-US nuclear deal. This could entail investments of ...
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