The Hindu Business Line : Tuesday, January 15, 2008

ANNOUNCEMENTS
ONGC strikes gas in Mahanadi for third time
Kolkata, Jan. 14 ONGC ended its deepwater drilling campaign in 2007 in a hopeful mood. The Indian energy major has struck gas for the second time in MN-DWN-98/3 deepwater block in Mahanadi basin in the coasts of Orissa. ONGC holds 100 per cent ... More

Century Tex to shut Mumbai mill
More

CORPORATE DISPUTES
Bajaj hearing to continue
More

IPR
Natco applies for compulsory licence on Roche’s cancer drug
Payment of royalty offered; hearing at patent office awaited More

RESTRUCTURING
Goldman Sachs arm eyes up to 39% stake in M Pallonji
New Delhi, Jan. 14 GS Strategic Investments, an indirect wholly owned subsidiary of Goldman Sachs Group, is planning to subscribe up to 39.36 per cent of post-issue paid-up capital of M Pallonji Enterprises Pvt Ltd (formerly Sairam Multitrade ... More

MERGERS & ACQUISITIONS
UK fund picks up 19% equity in Quality Care
Hyderabad, Jan. 14 Ashmore Funds, UK, a global investment fund has picked up 19 per cent equity in Quality Care India Ltd (QCIL), the holding company of CARE group of hospitals for a consideration of Rs 90 crore.The Hyderabad-based QCIL ... More

NEW PROJECTS
Cummins Generator opens plant at Ranjangaon
Pune, Jan 14 Cummins Generator Technologies India Ltd (CGTIL, formerly Newage Electrical India Ltd,) has inaugurated its new facility at Ranjangaon near Pune on Monday. The unit would become operational by next month after certain ... More

Puravankara announces project in Chennai
Chennai, Jan. 14 Puravankara Projects Ltd has announced a Rs 1,200-crore residential project in Chennai.According to information to the stock exchange, the project, Purva Windermere, to come up at Pallikaranai, a southern suburb of ... More

OVERSEAS INVESTMENTS
House of Pearl buys 75% of HK co Simple Approach
House of Pearl Fashion Ltd has signed a memorandum of understanding to acquire 75 per cent in Simple Approach Ltd, a Hong Kong-based marketing company, to strengthen its distribution in the overseas market, according to a company release on ... More

ALLIANCES & JOINT VENTURES
Star India ties up with Digital Entertainment
New Delhi, Jan.14 The new broadcast distribution joint venture, established by Star India and Digital Entertainment Networks (DEN) on Monday, may soon announce Network 18 Group and other niche channels as its first non-Star clients. ... More

INTERVIEW
We have aggressive R&D plans for India, says Hyundai’s Lheem
More

OUTLOOK
GEECL plans public issue by year-end
Kolkata, Jan. 14 Great Eastern Energy Corporation Ltd (GEECL), a Y.K. Modi group company, plans to come out with a public issue in India during end-2008. GEECL is the only company so far to commercially produce coal-bed methane (CBM) ... More

Rane Brake sees scope for enhancing ties with Nisshinbo
Japanese company may raise stake in Rane More

ONGC open to partners for Kakinda refinery
More