The Hindu Business Line : Tuesday, March 11, 2008

ANNOUNCEMENTS
REL board clears name change
Reliance Energy Ltd’s board has approved the change of the company’s name to Reliance Infrastructure Ltd, and is set to seek shareholder’s approval for the same. Explaining the name change, a senior official said that Reliance ... More

DIVIDEND ANNOUNCEMENT
Nalco announces 45% interim
National Aluminium Company Ltd (Nalco) has announced an interim dividend of 45 per cent on a paid-up capital of Rs 644.31 crore, amounting to Rs 289.94 crore for fiscal 2007-08. The dividend cheque for Rs 252.67 crore for the 87.15 per cent stake ... More

COURTS/LEGAL ISSUES
Bata India gets HC stay on PF dues
Bata India Ltd (BIL) obtained an order of stay from the Calcutta High Court on Monday with regard to the order passed by the Provident Fund Authority, directing the company to deposit Rs 5.68 crore in connection with PF dues. Bata India ... More

ENVIRONMENT
ITC’s forest initiative greens over 77,000 hectares
Kolkata, March 10 ITC Ltd, according to the company’s just released 4th Sustainability Report, under its Social and Farm Forestry initiative has greened over 77,0000 hectares, creating an estimated potential for 35 million person days of ... More

CORPORATE BONDS
Strides Arcolab converts debentures to equity
Strides Arcolab Ltd has informed the Bombay Stock Exchange that the company has converted its FCDs (fully convertible debentures) to two companies into equity by allotting 40 lakh fully paid equity shares of Rs 10 each at Rs 400 per share. ... More

RESTRUCTURING
Ceat sells Mumbai land for Rs 130 cr to Ashford InfoTech
Proceeds to fund Rs 800-cr expansion More

NEW PROJECTS
Apollo Tyres’ Chennai unit to go on stream mid-2009
Chennai, March 10 Apollo Tyres, which is in the middle of a Rs 750-crore expansion programme, expects its upcoming project near Chennai to go on stream by June 2009.Apollo Tyres’ Chief, India Operations, Mr Satish Sharma, told a ... More

ALLIANCES & JOINT VENTURES
Essilor India ties up with Hyderabad firm
Bangalore, March 10 Essilor India Pvt Ltd, the 100 per cent subsidiary of Essilor International, global leader in G spectacle lenses on Monday announced a new joint venture in Hyderabad. Essilor India has acquired the majority stake in the ... More

Indsil Group, Good Earth in pact to operate Indonesia mine
Coimbatore, March 10 Indsil Group has signed an agreement with Nagpur-based Good Earth group to operate an “already” acquired manganese ore mine in Indonesia. The mine was acquired by Good Earth in November 2007.Spread ... More

RCF’s phospho-gypsum wall panel to earn carbon credits
Ties up with Rapidbuilding Systems of Australia More

DIVERSIFICATION
Unitech to finalise partner for telecom venture soon
In talks with three-four global companies More

SICK UNITS
Kerala draws up revival plan for sick SSI units
The Kerala Government has drawn up a revival plan for sick small-scale industrial units in the State.Replying to questions in the State Assembly on Monday, the Industries Minister, Mr Elamaram Kareem, said that the plan would comprise ... More

OUTLOOK
TVS Flame launched with modified engine
Hopes to fetch Rs 700-cr sales in 2008-09 More