Business Daily from THE HINDU group of publications
Friday, October 05, 2007
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RESEARCH & DEVELOPMENT
‘Launching new vehicles, the only way to grow’
TVS Motor set to launch electric vehicle later this year More

ANNOUNCEMENTS
Tata Steel, Corus begin joint sourcing
More

Gulf co buying Rane Madras’ surplus land
Chennai, Oct 4 The Gulf-based MFar Group has agreed to buy nearly two acres land from Rane Madras, which is selling off its surplus holding at Velachery, on the outskirts to the west of Chennai, according to market sources.According to ... More

Ranbaxy gets nod for Biaxin generic
More

ACCOUNTING STANDARDS
Impairment drill that churns oil and gas accountants
Chennai, Oct. 4 Even as the field personnel of oil and gas (O&G) companies continue to battle with many complexities to get us the fuel, their accounting colleagues are toiling with a different difficulty: how to apply the Accounting ... More

PREFERENTIAL ALLOTMENTS
i-flex board okays additional investments
Bangalore Oct 4 i-flex Solutions Ltd has informed the BSE that the board of directors of the company at its meeting held on Thursday has approved an additional investment of up to Rs 10 crore in equity/preference share capital of, and/or a ... More

OVERSEAS BORROWINGS
‘DLF in talks to raise Rs 2,000 cr thru pvt equity’
Board to consider raising overseas funds More

TAXATION
More private sector cos enter top advance tax payers list
New Delhi, Oct. 4 More private sector companies have entered into the top ten advance tax payers’ league going by the official data available up to end-September this fiscal. Three companies — TISCO, Reliance Industries and ... More

HUMAN RESOURCES
McLeod Russel announces higher bonus
McLeod Russel India Ltd, the country’s largest tea producer having 55 gardens spread over Assam and West Bengal, has declared a higher bonus this year for its workers totalling 74,000.The workers in Assam gardens, numbering 49, ... More

MERGERS & ACQUISITIONS
Exide plans 7.5% hike in prices by mid-October
To part-offset the impact of spiralling lead rates More

NEW PROJECTS
Caparo plans luxury bus facility near Chennai
Group to invest Rs 1,000 cr in Tamil Nadu More

Multivista sets up printing unit near Chennai
Offers warehousing and drop-shipping services to clients More

Reliance Power mandates banks, FIs to raise $6 b
Mumbai, Oct. 4 Reliance Power has mandated banks and financial institutions to raise up to $6 billion (Rs 24,000 crore) in syndicated loans on a secured basis, said the company’s prospectus filed with SEBI for its initial public ... More

Bengal signs pact with Videocon, Jai Balaji
Rs 31,000-cr investment for setting up steel, power plants More

Modi lays foundation stone for gas-based plant near Hazira
More

Finnish co Perlos opens plant near Chennai
Chennai, Oct. 4 Perlos Corporation, a €700-million Finnish design and manufacturing partner for the telecom and electronics industry, today inaugurated its plant at Sriperumbudur, near Chennai. This is the company’s eighth global ... More

Osram investing Rs 100 cr in Haryana plant
Sonepat (Haryana), Oct. 4 Lighting manufacturer Osram India, a 100 per cent subsidiary of Siemens, is investing Rs 80-100 crore for setting up a manufacturing facility at Sonepat in Haryana for compact fluorescent lamps and other energy saving ... More

ALLIANCES & JOINT VENTURES
Maruti’s venture with Futaba among 13 FDI plans cleared
Premier Travel, Denso Kirloskar proposals sent to PAB More

INCOME TAX
Direct tax collections up 40.2% in April-Sept
Economic growth, better compliance, say experts More

DIVERSIFICATION
Dabur entering malted food drinks segment
Test launches Chyawan Junior More

OUTLOOK
Essar Oil plans test well drilling at Ranigunj block
Kolkata. Oct. 4 Essar Oil plans to start drilling test well at Eastern Ranigunj CBM block in West Bengal by February 2008. The Directorate-General of Hydrocarbons (DGH) recently granted the company a fresh extension of six months to complete ... More

IHI will begin Petronet’s terminal construction in Feb
Japanese co is the lowest bidder for EPC contract More

Marginal fields: ONGC told to review package
New Delhi, Oct. 4 The Petroleum Ministry has asked state-owned Oil and Natural Gas Corporation Ltd (ONGC) to review its existing mechanism for development of marginal fields which would result in offering attractive fiscal packages for the ... More

HM investing Rs 295 cr for Uttarapara unit upgrade
Readying Ambassador cars for 2009 safety norms More

PEOPLE
Addl charge for NMDC director
Hyderabad, Oct. 4 Mr V.K. Jain, Director (Production), has assumed additional charge of Chairman-cum-Managing Director of National Mineral Development Corporation Ltd (NMDC) with effect from October 1, consequent to the superannuation of Mr ... More

Padiyar takes charge at KIOCL
Mr M. Balakrishna Padiyar has taken over as Director (Production and Projects) of Kudremukh Iron Ore Company Ltd (KIOCL). A company release said here that Mr Padiyar was earlier General Manager in-charge of Mangalore unit of the company. Mr ... More






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Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
Railways asked to rush coal to 2 NTPC plants

More private sector cos enter top advance tax payers list

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Telecom licence norms in 10 days

Chidambaram to review economic scenario

Sustainable Responsible Investment funds eye India

Tata Steel, Corus begin joint sourcing

Looking back
Sep. 23-Sep. 29
ONGC Videsh wins 3 blocks in Myanmar

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Indian Oil set to enhance refining capacity

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‘Vodafone liable to deduct tax at source on Hutch deal’

Ratan Tata gets UK special recognition award

Re rise may hit Shasun Chem bottomline


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