The Hindu Business Line : Tuesday, October 10, 2006

INFORMATION TECHNOLOGY
VSP focusing on IT promotion
The Visakhapatnam Steel Plant is laying stress on information technology as a tool for product improvement and is promoting computer literacy among employees, according to Mr Y. Sivasagara Rao, Chairman and Managing Director. ... More

MANAGEMENT
Workshop for women managers
The UGC-sponsored national workshop on capacity building programme for women managers in higher education is to be held for the first time in Kerala from October 10 to 14 at Sree Vidyadhi Raja NSS College, Vazhoor, near Kottayam. ... More

RESTRUCTURING
United Spirits firms up new manufacturing strategy
To reduce number of McDowells distilleries More

MERGERS & ACQUISITIONS
Acquisition deal talk energises Wanbury
Co board meets next week to consider acquisition More

Tax and legal due diligence of target company is key
Any M&A in India has to be carefully planned and executed, cutting through a wide spectrum of tax and regulatory issues. More

IHCL to merge six subsidiaries
The Indian Hotel Company Ltd (IHCL), which owns the Taj brand of hotels, plans to merge six of its subsidiaries. The board of IHCL is meeting on October 12 to consider the proposal. Indian Resorts Hotels Ltd, Taj Lands End, ... More

Reckitt acquires Strepsils, Clearasil, Sweetex brands
Will strengthen co's position in healthcare, personal care More

Visaka to merge with Shakti Roofings
The shareholders of Visaka Industries Ltd (VIL) have approved the proposed merger of Shakti Roofings Pvt Ltd with the company at the Court convened general meeting held on Saturday, the company informed the stock exchanges. ... More

NEW PROJECTS
Tulasi Group plans expansion
The Rs 160-crore Tulasi Group of Industries, a Guntur-based manufacturer of corrugated boxes and supplier of seeds, has announced plans for expansion and is targeting a turnover of Rs 60 crore from the corrugated unit by the next financial ... More

Balco to set up power plant in Chhattisgarh
Bharat Aluminium Company Ltd (Balco) on Monday signed a memorandum of understanding with the Chhattisgarh Government to set up 1,200 MW coal-based power project in the State. The Rs 5,000-crore project is expected to be completed in 40 months ... More

ALLIANCES & JOINT VENTURES
ONGC, Maruti ink pact
ONGC and Maruti Udyog Ltd (MUL) today inked an agreement for leasing vehicles under end-to-end (N2N) scheme of Maruti. According to a press release, ONGC has decided to initially lease 29 vehicles through MUL on pilot basis, 22 ... More

OUTLOOK
Ministry mulls BHEL model equipment co
The Power Ministry is considering a proposal to set up an equipment manufacturing company on the lines of state-run Bharat Heavy Electricals Ltd (BHEL). "We have floated an idea... Why not have an own company like BHEL. At present, utilities ... More

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