The Hindu Business Line : Tuesday, December 18, 2007

Steel Strips pref offer
The board of directors of Steel Strips Wheels Ltd has approved the allotment of 12,55,856 equity shares of Rs 10 each at a price of Rs 170 each on preferential basis to Kalimati Investment Company Ltd (a wholly owned subsidiary of Tata Steel ... More

Refex Refrigerants pref issue
More

OPEN OFFERS
Era Constructions' open offer
More

NEW BUSINESS
IMPACT
Repeat orders buoy ABG Shipyard
Co has 12 orders for limited number of customers More

ANTI-DUMPING
Anti-dumping duty sought on import of glazed tiles
Industry battling losses; Ministry asks for impact data More

AWARDS & HONOURS
Award for Tata Steel plant
More

HUMAN RESOURCES
‘50,000 clinical staff needed in next 2 years’
Bangalore, Dec. 17 The country will be in need of 50,000 clinical research professionals in just two years as the global pharma industry rushes to test and launch its drugs in emerging markets.The trials are annually growing at 50 per ... More

BHEL unit to hire from Osmania University
Hyderabad, Dec. 17 Mr G.V. Rami Reddy, Executive Director, BHEL’s Ramachandrapuram unit, has said that BHEL was in the process of strengthening its human resource and it was keen on recruiting good engineering professionals from the ... More

RESTRUCTURING
Videocon to hive off businesses
Will have different verticals for power, oil, & natural resources More

MERGERS & ACQUISITIONS
FX Labs acquires gaming portal
Hyderabad, Dec. 17 Gaming and animation developer FX Labs Studios on Monday announced the acquisition of gaming portal and aggregator knibble.com for $3 million to be paid in stock.With this move, the Hyderabad-based FX Labs, promoted ... More

ORG completes acquisition of Belgacom’s satellite biz
Targeting NRI, S. Asian homes in Europe More

NEW PROJECTS
SRF to invest Rs 257 cr in two greenfield projects
Recently in Gwalior SRF Ltd is looking at investing around Rs 257 crore for setting up a greenfield packaging film manufacturing plant and a captive wind power turbine over the next two years.The company would be investing Rs 165 crore ... More

Hansgrohe sets up Indian arm
Hansgrohe, which specialises in showers, bathroom and kitchen fittings, has set up a subsidiary in India. The office will be based out of Pune. The Indian subsidiary will be involved in providing technical and marketing support and training, said ... More

OVERSEAS INVESTMENTS
Mid-cap cos opt for overseas borrowing to fund foreign buys
34 corporates sponge about $2.2 b from foreign lending institutions More

IFFCO works out plan to revive venture in Senegal
MoU ratified; Indian co-op to inject $100 m in next three years More

RCom to offer services in Uganda
Reliance Communications has entered into an agreement with a local operator in Uganda to offer telecom services in the African country. The company is planning to invest nearly $200 million for rolling out mobile services, international long ... More

REGULATORY BODIES & RULINGS
Studying ONGC appraisal plan for KG field will take time: DGH
‘Issues concern understanding potential, policies’ More

TRADE & LABOUR UNIONS
Bajaj workers keep their cool with yoga
STALEMATE CONTINUES More

ALLIANCES & JOINT VENTURES
BHEL, NTPC sign jt venture agreement for EPC activity
New Delhi, Dec. 17 Bharat Heavy Electricals Ltd (BHEL) on Monday announced it has signed an agreement with the country’s largest power generator NTPC Ltd for setting up a joint venture company for carrying out engineering, procurement ... More

INTERVIEW
‘We have an entrepreneurial bent in us, despite our size’
More

VENTURE CAPITAL
Ocimum Bio gets $17 m from Kubera Cross Border Fund
Hyderabad, Dec. 17. Ocimum Biosolutions has announced that it has raised capital from Kubera Cross Border Fund (KUBC) for an equity investment of up to $17 million (about 35 per cent equity). This includes the pro rata investment by ... More

RIGHTS ISSUE
Century Extrusions rights issue
The rights issue will be 3.3 crore equity shares of face value of Re 1 each at a priceof Rs 4 per equity share (including a premium of Rs 3 perequity share) in the ratio of 33:47 (33 new shares for every47 shares held) as on record date to be ... More

OUTLOOK
Apeejay Shipping plans fleet expansion
Apeejay Shipping Ltd, part of the Rs 4,500-crore Apeejay Surrendra Group, proposes to augment its fleet size through acquisition of new builds. The fleet size now comprises four vessels, all bulk carriers, totalling 2.33 lakh dwt. ... More

Tata Chemicals to hike urea, soda ash production capacity
New Delhi, Dec. 17 Tata Chemicals has said that as part of its de-bottlenecking plans, the company will be increasing its urea production capacity to 1.2 million tonnes per annum by September 2008. Currently it produces 0.875 mt of urea per ... More