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ANNOUNCEMENTS
Plastiblends set for Dusseldorf expo
Plastiblends India Ltd has informed the BSE that the company will be participating as an exhibitor for the first time in K-2007 scheduled to be held at Dusseldorf, Germany on October 24-31. The show is a prestigious event represented by diverse ... More

OVERSEAS BORROWINGS
Ashco Ind to raise Rs 100 cr
Ashco Industries Ltd has informed the BSE that a meeting of the board of directors of the company will be held on October 29 to consider and approve financial results for the second quarter ended September. The meeting will also consider raising ... More

NEW BUSINESS
L&T bags 4 contracts for Rs 452 cr in AP
Mumbai, Oct 18 Engineering and construction company, Larsen & Toubro Ltd (L&T), has bagged four contracts valued at Rs 452 crore for projects in Andhra Pradesh.An engineering, procurement and construction (EPC) contract worth Rs ... More

AWARDS & HONOURS
NMDC bags award
More

INSIGHT
Video-conferenced Board meetings — Face-to-face interaction can make a difference
Apart from legal objections and practical constraints, board meetings through video-conference have other disadvantages, as positive deliberations are possible only at face-to-face meetings where personal interaction and discussion are possible. More

MANAGEMENT
‘Keep the big picture in mind’
Coimbatore, Oct. 18 The Head of IT Infrastructure Services, Cognizant Technology Solutions, Mr S. Balasubramanian, delivered a thought-provoking lecture on achieving organisational goals vis-À-vis individual goal.Delivering the BL ... More

NEW PROJECTS
JSW Energy Barmer thermal project achieves financial closure
Mumbai, Oct 17 JSW Energy Ltd on Thursday announced the financial closure for its proposed 1,000-MW thermal power plant at Barmer in Rajasthan.Estimated to cost Rs 5,000 crore, the project will be financed in a debt equity ratio of 3:1. ... More

POSCO board to discuss Orissa project today
Bhubaneswar, Oct 18 POSCO is scheduled to hold its sixth board meeting of 2007 in New Delhi on Friday. The POSCO Board consisting of six standing Executive Directors, including Mr Ku-Taek Lee, Chief Executive Officer, POSCO; Mr Soung-Sik Cho, ... More

HP sets up new facility
Hewlett-Packard has established a facility spanning 70,000 sq.ft at Whitefield, on the outskirts of Bangalore city. HP is a $100.5-billion enterprise with a portfolio that spans printing, personal computing, software, services and IT ... More

OVERSEAS INVESTMENTS
Nalco may set up plant in South Africa
Public-sector National Aluminium Company Ltd (Nalco) may put up a 0.5-million tonne plant in South Africa (SA) that would use local mineral resources as its raw material.Preliminary discussion for setting up the plant has been held ... More

Indoco plans tie-up with US co
Indoco Remedies Ltd has informed the BSE that the board of directors of the company at a meeting on October 18 approved a proposal for entering into a partnership arrangement with Amneal Corporation, US to develop and manufacture ophthalmic ... More

REGULATORY BODIES & RULINGS
Biocon gets nod to market breast cancer drug
Bangalore, Oct. 18 Biocon Ltd said it has received the Drug Controller-General of India’s approval to market Abraxane, a breast cancer drug developed and licensed to it for commercialisation by US company Abraxis BioScience, ... More

ALLIANCES & JOINT VENTURES
HPCL teams up with Mittals for Vizag project; Total, Oil India, GAIL also in
New Delhi, Oct 18 State-owned Hindustan Petroleum Corporation Ltd (HPCL), after forging a successful partnership with steel major L.N. Mittal Group for its Bhatinda refinery project, has once gain teamed up with the Mittals to explore the ... More

Mitsubishi Electric forms venture with Messung, IBM
Pune, Oct. 18 Japan-based Mitsubishi Electric Company, its Indian distributor Messung Systems and IBM have formed a consortium to deliver a holistic Manufacturing Execution System (MES) to large automakers in India. Mitsubishi’s ... More

Magna Powertrain, RICO Auto form jt venture
Mumbai, Oct. 18 Magna Powertrain, an operating unit of Canadian-based Magna International Inc, and RICO Auto Industries Ltd, an Indian-based powertrain components and assemblies supplier, today announced the formation of 50:50 joint venture to ... More

SOCIETY & DEVELOPMENT
Tata Motors’ corporate social responsibility initiative
Kolkata, Oct.18 As part of its corporate social responsibility, Tata Motors Ltd today flagged off its initiative to support the cause of primary and secondary education in Singur.According to a press release, desks, benches, chairs, ... More

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