The Hindu Business Line : Saturday, October 13, 2007

ANNOUNCEMENTS
Reliance won’t associate its name with non-veg
Mumbai, Oct. 12 “Reliance will not attach its name with ‘non-veg’,” said Chairman of Reliance Industries, Mr Mukesh Ambani, at the company’s AGM here on Friday.A rather unusual matter was brought up at the ... More

Lupin gets €20 m in patent sale deal
Mumbai, Oct 12 Lupin Ltd has received €20 million (Rs 110 crore) from France’s Laboratoires Servier for the sale of additional patent rights on Perindopril, a blood-pressure drug. This is the second intellectual property-related ... More

BPCL diesel exports to Bangladesh from Numaligarh yet to take off
Silghat still not notified as loading port in India-Bangladesh trade protocol More

Tata Motors launches new Sumo, Safari range
Mumbai, Oct. 12 Tata Motors has launched the Sumo Victa Turbo DI, the new upgraded range of its entry-level utility vehicle, the Sumo Spacio.The Bharat Stage (BS) II range of Sumo Victa DI has been priced between Rs.4.80 lakh and ... More

Canoro plans more wells in Amguri field
Kolkata, Oct. 12 Canoro Resources is preparing an eight well development plan for Amguri field. The plan includes six development wells and two appraisal wells. The company has already drilled two wells in the field. Development ... More

CORPORATE DISPUTES
Birla estate: Lodha appeal upheld
Order appointing 4 administrators set aside by HC More

AWARDS & HONOURS
Award for Antrix chief
Mr K.R. Sridhara Murthi, Executive Director of ISRO’s commercial arm Antrix Corporation, has been conferred the Lifetime Achievement Award of the International Institute of Space Law. The award recognises Mr Murthi’s service and ... More

COURTS/LEGAL ISSUES
Court ruling on levy of interest on excise duty
Chennai, Oct 12 The Madurai Bench of Madras High Court has ruled that under Central Excise Rules, 2003, levy of interest for failure of payment of duty by due date should only be at rate of 2 per cent per month. Levy at Rs 1,000 per day for ... More

HUMAN RESOURCES
‘HR, the differentiator between organisations’
Chennai, Oct 12 The corporate world today is exposed to a number of changes that pose a challenge to its very existence. Further, the rate of change is so abnormally fast that it forces us to live in a world where we have to “expect the ... More

MERGERS & ACQUISITIONS
ACC hikes stake in Shiva Cement to 14.7%
Promoters come out with an open offer More

NEW PROJECTS
ONGC arm invites cos to set up downstream units
Proposed aromatics plant at Mangalore SEZ More

Reliance may use ‘marketable securities’ for expansion: Mukesh
‘Company is actively pursuing an acquisition mode of growth’ More

Apollo Tyres relocates Kochi facility
Kochi, Oct. 12 Apollo Tyres Ltd (ATL) is relocating its existing manufacturing unit at Kalamassery to the newly constructed Rubber Park at Irapuram near here. The total investment for the new unit, to come up on 23 acres of land, would ... More

Himatsingka facility goes on stream
Bangalore, Oct. 12 Himatsingka Seide has commissioned its new bed linen manufacturing facility at the Hassan SEZ, with effect from Friday. The integrated plant with weaving, processing and making-up facilities has an annual installed ... More

Titan Energy plans Rs 900-cr solar cell plant
Hyderabad, Oct. 12 Solar photovoltaic module manufacturer Titan Energy Systems Ltd has sewn up plans to set up a Rs 900-crore project for fuel cell and wafer line assembly that complements the company’s business.This is in ... More

ALLIANCES & JOINT VENTURES
Panasonic, MCC group tie up
Panasonic India, on Friday, announced a strategic partnership to establish its digital imaging business in the country with MCC Group, a service-based national sales and distribution company. “The digital imaging segment is growing at the ... More

SAIL body pact with IIM Indore
Steel Authority of India Ltd’s Management Training Institute (MTI) has signed a memorandum of understanding with the Indian Institute of Management (IIM) Indore for conducting programmes together for various organisations in areas of mutual ... More

SOCIETY & DEVELOPMENT
ONGC-Mehsana Asset programme for girl child welfare
Ahmedabad, Oct 12 In its drive to ensure socio-economic development in the villages in and around the operational areas of the company, the ONGC-Mehsana Asset has joined hands with the district administration to strengthen educational ... More

OUTLOOK
Oil India may file IPO papers by mid-Nov
Process of selecting 7 independent directors on board begins More

Bentley sees its market doubling in India
New Delhi, Oct. 12 Super luxury car maker Bentley Motors said that though the luxury car market was growing in the country, a change in tax structure would certainly boost up sales of such cars here. “We are selling 30 cars ... More

Hero Honda banking on festive season to revive sales
New Delhi, Oct 12 Hero Honda Motor Company, the country’s largest two-wheeler manufacturer, said it expected sales to revive in the festival season. The two-wheeler industry had been hit the most with growth in sales falling in ... More