The Hindu Business Line : Thursday, November 26, 2009

CORPORATE

REGULATORY BODIES & RULINGS: No re-look at cases handled by arrested CLB member: Govt
New Delhi, Nov. 25 The Corporate Affairs Minister, Mr Salman Khursheed, said on Wednesday that the arrest of Mr R. Vasudevan, Member, Company Law Board, will have no bearing on the Satyam scam case. The Minister also ruled out a re-look at ...

OUTLOOK: TVS Motor plugs gaps in portfolio of products
Launches 110cc motorcycle and a gearless scooter. TVS Motor Company today unveiled two new vehicles – a 110 cc motorcycle and a 110 cc gearless scooter – which the company said would plug gaps in its product portfolio and add about ...

DIVERSIFICATION: Bajaj Hindusthan earmarks Rs 1,600 cr for power foray
Five 80 MW new plants to be ready in 20 months. Mumbai, Nov. 25 From sugar to power, Bajaj Hindusthan is now getting ready for its next big ...

DIVIDEND ANNOUNCEMENT: Dividend will not be tethered to reserves
The Companies Bill, 2009 (the Bill) does not break any significant ground as far as dividends are concerned. They would remain the directors’ preserve insofar as timing and quantum thereof are concerned. The hands-off policy towards ...

DIVERSIFICATION: Vascon diversifying into infrastructure
Chennai, Nov. 25 Vascon Engineers, the Pune-based construction and real estate company, is set to diversify into infrastructure projects through an associate company. Vascon will take a 25 per cent stake and hopes to enter into a partnership ...

OUTLOOK: Reliance units to get 20% of gas needs from D-6
New Delhi, Nov. 25 Reliance Industries Ltd (RIL) will be able to meet about 20 per cent of its requirement of 11.80 mscmd of gas from its Krishna-Godavari Basin D-6 block. The Government has allocated 2.34 mscmd of D-6 gas ...

OUTLOOK: Capacity expansion to cut waiting period, says Honda Motorcycle
Hyderabad, Nov. 25 As Honda Motorcycle & Scooters India (HMSI) increases its manufacturing capacity from 12.5 lakh a year to 15 lakh a year by the end of this fiscal, the Japanese company plans to add a couple of models and also ...

NEW PROJECTS: Lanco Infra tying up funds for three power projects
Hyderabad, Nov. 25 Lanco Infratech Ltd is set to achieve financial closure for at least three major coal-fired power projects entailing total investments of over Rs 15,000 ...

COMPANY LAW: Class-action suits in the Bill
In the 4th Century BC, Kautilya, in his Arthashastra, laid down simple principles of corporate governance — dharma without wealth is toothless and wealth without dharma is useless. In these days of constant ...

NEW PROJECTS: Green Valley setting up cement plant
Kolkata, Nov. 25 Green Valley Industries Ltd, according to its Chairman Mr G.N. Agarwal, will invest Rs 450 crore to set up a one million tonne per annum integrated cement factory and a 20 MW captive power plant ...

NEW BUSINESS: Carnation Auto gets Rs 170-cr for hub rollout
New Delhi, Nov. 25 Car aftermarket accessories and detailing chain Carnation Auto said on Wednesday that it has got a Rs 170-crore loan from Punjab National Bank (PNB). The funds would be used to extend the nation-wide rollout of its ...

INTERVIEW: No recession for home appliances, says Whirlpool of India
The consumer durables sector has been transmitting strong revival signals with strong growth in recent months. Mr Shantanu Das Gupta, Vice-President (Corporate Affairs and Strategy), Whirlpool of India, spoke to Business ...

RESTRUCTURING: Surana Tele to demerge solar biz
Surana Telecom on Wednesday proposed to de-merge its solar business into Surana Ventures, in a move to consolidate its solar business. As per the proposed de-merger scheme, the existing shareholders of Surana Telecom will be issued three new ...

ALLIANCES & JOINT VENTURES: Jubilant’s joint venture
Jubilant Organosys, the University of Alabama at Birmingham (UAB), and Southern Research Institute have announced a joint venture that will focus on leveraging their collective innovation and enabling technologies in the areas of oncology, ...

Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna

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Nifty Companies News
Corporate Filings
SE Diary
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In Focus
Nano - The People's Car

Mandate 2009

Who is hiring?

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Other Top Stories
Bajaj Hindusthan earmarks Rs 1,600 cr for power foray

Cashless hospitalisation schemes come under tax net

No recession for home appliances, says Whirlpool of India

‘Outdated’ cheques delay vendor payments!

Turmeric prices tumble

Airlines irked by new rules on delayed flights

Infosys plans to hire 20,000 next year

Satyam, Tech Mahindra slump on higher fraud size

Looking back
Nov. 15-Nov. 21
TVS Motor set to launch 100cc gearless scooter

E-voting available for shareholders

Shareholders, board should decide on managerial pay

Setco Automotive eyes buys in Europe, US

Tata Steel to switch 56% of securities into convertible bonds