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ACCIDENTS
Fire destroys 4 polymer, plastic units at Falta EPZ
ONE OF the units that was gutted at the Falta Export Processing Zone near Kolkata in West Bengal on Monday.

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ANNOUNCEMENTS
Lanco arm begins trading of DVC power
The Hyderabad-based Lanco Group has announced that its power trading arm, Lanco Electric Utility Ltd (LEUL) has bagged the Damodar Valley Corporation's tender for the sale of its (DVC) power. LEUL has already commenced supplies to Punjab, ... More

Rane Madras Chennai property up for sale
Rane (Madras) Ltd is putting up for sale a 63,162 sq ft property at Velachery on the southern outskirts of the city. International property consultants, CB Richard Ellis South Asia Pvt Ltd, which is handling the sale, has advertised for the ... More

ACCOUNTING STANDARDS
Nasdaq calls for convergence of accounting standards
`Such measures will enable integration of markets' More

CORPORATE DISPUTES
Sharing feed with TataSky: Sun TV gets interim stay
Sun TV has secured interim stay from the Madras High Court on the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) order asking it to share its signals with the Direct-to-Home provider TataSky. "On Thursday (April 5), we filed writ ... More

NEW PROJECTS
ETC sets up design centre in Hyderabad
The United Arab Emirates-based Emirates Techno Casting FZE (ETC) opened its India design centre here and plans to take up engineering services outsourcing on a large scale. It also plans to invest Rs 150 crore in India over the next three ... More

Bajaj Auto opens new plant in Uttarakhand
`No plans to enter small car segment' More

TRADE & LABOUR UNIONS
HM clarifies on lockout rumours
The management of Hindustan Motors has described as "baseless" rumours to the effect that a lockout will soon be declared at the company's Uttarpara factory in view of the ongoing agitation by a section of the workers there. According to Mrs ... More

ALLIANCES & JOINT VENTURES
Rashtriya Ispat, NTPC venture for power unit
Rashtriya Ispat Nigam Ltd and National Thermal Power Corporation will form a 50:50 joint venture to set up a 150 MW gas-based, power unit in the former's campus. A memorandum of understanding to this effect will be signed next week. Stating ... More

Trent in pact with Xander
The Tata Group company Trent Ltd has informed the BSE that it has entered into an agreement with the Xander Group Inc, a global private equity firm. The Xander Group Inc will through one or more of its fund vehicles invest in the ... More

DIVERSIFICATION
NMDC plans integrated steel plant, foray into coal mining, power
Chalks out investments of over Rs 10,000 cr More

SICK UNITS
Trayons revival: Promoter asked to settle bank dues
`Govt keen to avert repeat of earlier failure' More

OUTLOOK
Rig shortage hits ONGC plans
Krishna-Godavari gas find exploitation put on hold More

Ashok Leyland expects 24% growth this fiscal
Bags order from VRL Logistics for 600 trucks More

Reliance plans Rs 25,000-cr mega pipeline grid
Covering main gas transport trunk lines; to network 4 States initially More

NTC targets 20% rise in operational income
Aiming for cash loss at `nil' in the current year More

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