The Hindu Business Line : Wednesday, August 15, 2007

Petronet to get $150 m loan from IFC
New Delhi, Aug. 14 International Finance Corporation (IFC), the World Bank’s private lending arm, will give $150 million as loan to state-owned Petronet LNG Ltd (PLL) to build a liquefied natural gas (LNG) import and regassification ... More

NTPC gets nod for coal block
NTPC Ltd, the country’s largest power generation utility, on Tuesday said it has received Government approval for allocation of a coal block in Jharkhand. The Centre has granted in-principle approval for allocation of a coal block in Chhati ... More

CORPORATE DISPUTES
TRAI’s views may impact Tata-Birla row over Idea
Recommendations expected this week More

COURTS/LEGAL ISSUES
Notice to cos on entry tax
The Supreme Court has sought response from various companies, including BPL Mobile Cellular, Reliance Energy and Otis Elevator on a petition challenging the Kerala High Court order holding the levy of entry tax on goods imported in Kerala as ... More

NEW PROJECTS
NTPC kicks off work on India’s largest hydel project
Rs 14,069-cr project would entail construction of sixteen 250 MW units More

We may look at alternative locations for titanium project: Tata Steel
Tata Steel may look at alternative locations if land acquisition related issues, concerning its proposed titanium di-oxide plant at Tirunelveli district in Tamil Nadu, are not solved by the State Government. Addressing a press ... More

SPEL expansion project nearing completion
First quarter results flat on higher interest costs More

Ckoramaandel Cements lines up Rs 65-cr expansion
To achieve 2.4 mt capacity in 2 phases More

TN chamber for Tatas’ titanium dioxide project
Madurai, Aug. 14 The Tamilnadu Chamber of Commerce and Industry is strongly in favour of the Tatas’ proposed titanium dioxide factory at Sattankulam. Led by the President, Mr S. Rethinavelu, a delegation of the chamber’s ... More

OVERSEAS INVESTMENTS
M&M ventures into Egypt, Brazil
Mumbai, Aug 14 Mahindra & Mahindra (M&M) is expanding its presence in the overseas market.The company will set up shop in Brazil and Egypt as an ongoing programme to cover the South American and African markets.In Brazil, ... More

DPE for hiking OVL’s investment limit
New Delhi, Aug. 14 ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, seems to have found a supporter in the Department of Public Enterprises (DPE) on the issue of increasing its investment limit. OVL has been demanding an increase in ... More

GAIL to make final bids for CNG unit in Syria
New Delhi, Aug. 14 GAIL India Ltd has qualified for making final bids for setting up compressed natural gas stations in Syria, Mr U.D. Choubey, Chairman, GAIL said. Speaking to reporters here on Tuesday, he said that his company was interested ... More

ALLIANCES & JOINT VENTURES
TEL, Maxam tie up to make explosives
More

INTERVIEW
Now’s the exciting time
B.K. Birla on why he remains a diehard optimist… More

‘Planned economy was needed’
More

DIVERSIFICATION
Shapoorji Pallonji foraying into ‘S-Commerce’
Mumbai, Aug.14 Real estate major Shapoorji Pallonji Group plans to set up an e-commerce based consumer services chain throughout the country. The Group would have a substantial stake in the venture which is expected to entail an ... More

OUTLOOK
L&T looks for tie-up with Israeli cos in defence and water treatment
Recently in Tel Aviv The $5.1-billion Larsen & Toubro Limited, a technology, engineering and construction and manufacturing company, is in talks with 6-7 Israeli companies fortie-ups in water technology and defence. Talking to ... More

Flamingo Pharma enters West India
Ahmedabad, Aug. 14 The Mumbai-based Flamingo Pharmaceuticals Ltd, after two decades in global pharmaceutical markets, is now foraying into Gujarat and other parts of Western India, as part of its strategy to increase domestic revenue to about ... More

Hindustan Copper plans to go public
Hindustan Copper Ltd may approach the Centre with an IPO proposal by the end of this financial year or early next fiscal.According to a senior company official, the proposal will be finalised depending on its fund requirements in ... More

PEOPLE
L&T saga
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