The Hindu Business Line : Tuesday, June 05, 2007

DIVIDEND ANNOUNCEMENT
McLeod Russel announces 20% dividend
Riding high on 107 per cent increase in profit at Rs 47.47 crore in 2006-07 (Rs 22.92 crore in 2005-06), the board of directors of McLeod Russel India Ltd announced 20 per cent dividend on Monday for the year under review. Mr Aditya Khaitan, ... More

NEW BUSINESS
Indu bags DuPont project
Indu Projects Ltd (IPL) has bagged the civil and structural works contract of the DuPont Knowledge Centre to come up in ICICI Knowledge park here, according to a release. As part of the contract, the value of which had not been ... More

TCG-led team wins bid for Helix
A consortium of US developer Alexandria Real Estate and TCG Urban Infrastructure Holdings (of The Chatterjee Group) has won the bid to develop the Bangalore biotech park, Helix. The team was among 24 contenders who had bid for the bio park. ... More

AWARDS & HONOURS
M&M unit bags export award
Mahindra & Mahindra, the world's fourth largest tractor manufacturer, has won the all India award for export excellence instituted by the Engineering Export Promotion Council (EEPC). Mahindra Farm Equipment Sector has been ... More

INSIGHT
Can independent directors help improve corporate governance?
Unless directors have a significant stake in the company it will be naïve to assume that they would be allowed to assert their independence. More

ENVIRONMENT
Maruti reduces energy consumption
Environment-friendly measures yield results More

MERGERS & ACQUISITIONS
Rain Calcining taking debt-equity route for US co buy
Plans one more plant in Vizag More

NEW PROJECTS
Nuclear Power Corpn enters hydropower biz
Developing 2 pumped storage schemes in Maharashtra More

Stiff opposition to Jindal refinery
Farmers refuse to part with lands; company promises jobs, shares More

ALLIANCES & JOINT VENTURES
Brazil's Petrobras enters India with ONGC
Both companies will get stakes in each other's blocks More

SOCIETY & DEVELOPMENT
Nike to promote `mature industrial relations'
Nike through recent release of its corporate social responsibility (CSR) report has committed itself to a time-bound programme of promoting unionisation and mature system of industrial relations through its global supply chain, instead of its ... More

OUTLOOK
Volvo Car India looking at preferred finance solution partner
Gearing up for a slew of new launches More

Blast by Maoists brings NMDC mining to halt
The public sector NMDC is losing about Rs 9 crore per day due to loss of production of about 60,000 tonnes per day in its Bastar mines, following a series of blasts by the Maoists. According to a company press release here, the Maoists blasted ... More

GE Energy to start CBM production soon
Venture with IndianOil for distribution planned More

PERFORMANCE
ACC dispatches up 19% in May
Reflecting the firm demand from the realty sector before the monsoon sets in, cement major ACC has reported a 18.95 per cent jump in dispatches to 1.82 million tonnes (mt) in May against 1.53 mt during the corresponding period last year. ... More

Hyundai Motors May sales up 3%
Hyundai Motors India Ltd registered sales of 16,643 units for the domestic market in May 2007, up three per cent from 16,102 units in the corresponding previous period. During the month under review, the company exported 10,005 units (9,781 ... More

PEOPLE
Dr T.S. Kler named ED of Escorts Heart
Escorts Heart Institute and Research Centre Ltd today announced its new leadership team, with Dr T.S. Kler as Executive Director, Cardiac Sciences. The new structure and appointments for existing doctors at the Fortis Healthcare-owned hospital, ... More

Race begins today for ONGC top job
Some 28 candidates will try their luck at the top job at ONGC on Tuesday and Wednesday. A search panel headed by the Public Enterprise Selection Board (PESB) Chairman, Mr N.K. Sinha, will hold interviews on June 5-6 to select the Chairman and ... More