The Hindu Business Line : Tuesday, June 03, 2008

ANNOUNCEMENTS
Tata Motors hikes prices of cars, utility vehicles
Mumbai, June 2 A fortnight after Maruti Suzuki and Hyundai, the top two passenger car makers in the country, announced a hike in the prices of their offerings, the third largest passenger car maker Tata Motors also followed suit.Tata ... More

NEW BUSINESS
PSL gets Florida Gas order
PSL Ltd has informed that Florida Gas Transmission Company released an order to both PSL North America LLC (a subsidiary of the company) and PSL Ltd for 543 miles of pipes and associated coating, worth $ 418 million. —Our ... More

AWARDS & HONOURS
Export awards for 2 AP companies
Hyderabad, June 2 Two Andhra Pradesh-based companies have won honours at the Dun & Bradstreet (D&B) – ECGC Indian Exporters’ Excellence Awards. According to a release issued here on Monday, the awards were won by the ... More

INSIGHT
PERSPECTIVE
Communicating for success
Communication is an integral element of management. It has a critical role in creating success for a business. The bona fides of any management technique and the degree of its acceptance will largely depend on the process of ... More

MERGERS & ACQUISITIONS
Tata Motors completes Jaguar and Rover buy
David Smith to be CEO; financial services partner to be chosen shortly More

Crompton buys French firm
Crompton Greaves Ltd has concluded an arrangement for the acquisition of Societe Nouvelle de Maintenance Transformateurs (Sonomatra). Sonomatra is based in France and is engaged in providing services of on-site maintenance/repair of power ... More

IMPACT
Emami’s Zandu acquisition
Good business fit, but buy price appears stiff More

NEW PROJECTS
Financial closure soon for Reliance Power project
BHEL, Doosan, L&T would be among bidders for contracts More

Essar Oil units working well
Essar Oil Ltd has informed that all the units of the 10.5 MMTPA refinery at Vadinar, Jamnagar are operating satisfactorily and the company has commenced commercial production with effect from May 1. —Our ... More

ALLIANCES & JOINT VENTURES
K Raheja joins hands with Servcorp
Hyderabad, June 2 K Raheja Corp has announced it has entered into an exclusive franchise agreement with Servcorp, a provider of functional serviced offices and virtual offices, to offer fully serviced work space for companies in India. ... More

Tamil Nadu Newsprint plans to tie up with paper mills
For converting surplus pulp to paper More

OUTLOOK
GAIL Gas to take up distribution projects in 17 cities
New Delhi, June 2 GAIL (India) Ltd on Monday said that its recently floated 100 per cent subsidiary GAIL Gas Ltd will take up city gas distribution (CGD) projects in 17 cities in the first phase. GAIL has identified 230 cities for CGD ... More

McLeod Russel sees better year ahead but cost pressures cause concern
More

PERFORMANCE
Cochin Shipyard launches 5 platform supply vessels
Kochi, June 2 The public sector Cochin Shipyard Ltd created history on Monday by simultaneously launching five platform supply vessels for different owners.The ships launched were the seventh in a series of eight ships under ... More

IMPACT
Punj Lloyd – Buoyed by oil spending
Auditors comment on potential losses not provided for More

Bharat Gears wipes out losses
Bharat Gears Ltd has wiped out all its accumulated losses and has drawn up capex plans to cater to higher demand as well as technological upgradation. —Our ... More