The Hindu Business Line : Wednesday, May 21, 2008

ACC may hike prices after 3 months
New Delhi, May 20 ACC Ltd said that it was likely to increase prices after three months considering the impact of high input costs on its margins. “Showing our concern to the rising inflation, we froze prices for two-three months, ... More

ACCOUNTING STANDARDS
Panel to consider approval for derivatives standards
New Delhi, May 20 The National Advisory Committee on Accounting Standards (NACAS) is to meet on May 26 to consider for approval two important accounting standards relating to financial instruments, including derivatives.“I am ... More

OPEN OFFERS
Thomas Cook rights issue after completion of open offer
Online travel portal launched More

DIVIDEND ANNOUNCEMENT
ICI to pay dividend of Rs 8/share
New Delhi, May 20 Paint manufacturer ICI Ltd today announced a dividend of Rs 8 per share for 2007-08 (against Rs 27 last year including a one-off special dividend of Rs 20 per share), according to a company release.For the ... More

NEW BUSINESS
L&T bags orders worth Rs 635 cr from UAE, Oman
Mumbai, May 20 Larsen & Toubro Ltd has bagged four electrical project orders worth Rs 635 crore from the UAE and Oman. The projects will be executed by the electrical projects and Gulf operations vertical of L&T’s ... More

Unity Infra bags Rs 383-cr order
Unity Infraprojects Ltd has bagged an order worth Rs 383 crore from the Haryana State Roads and Bridges Development Corporation. A contract worth Rs 142.62 crore was awarded for widening and upgrading the Rai Nahra Bahadurgarh Road and ... More

IPR
Suven gets product patents in China
Suven Life Sciences Ltd has secured two product patents in South Africa and China for two of its New Chemical Entities for the treatment of disorders associated with neuro-degenerative diseases. The granted claims of the patents, which are valid ... More

HUMAN RESOURCES
ISB to train Areva executives
Hyderabad: The Areva Group, a global player in power and nuclear energy, has taken the support of the Indian School of Business (ISB) here to train at least 100 finance executives, to support its worldwide business growth.A ... More

MERGERS & ACQUISITIONS
Topsgrup looking to acquire 2 South-based cos
Deal likely to be finalised soon; talks on to buy US co More

NEW PROJECTS
Apollo plans to export off-the-road tyres
New Delhi, May 20 Apollo Tyres, the new entrant in the off-the-road tyres (OTR) category, is eyeing global business in the segment with simultaneous plans to capture a share of the domestic market. These tyres are used in the ... More

Holiday Inn coming up near Chennai
Chennai, May 20 InterContinental Hotels Group (IHG), the operators of the Holiday Inn chain of hotels, is to set up a Holiday Inn in Estancia, an integrated township coming up near Chennai.Announcing the plan, Mr Paul Logan, ... More

OVERSEAS INVESTMENTS
Sale of German subsidiary boosts Bharat Forge net
Rupee appreciation hits topline, bottomline More

ALLIANCES & JOINT VENTURES
Eros International partners Lionsgate
New Delhi, May 20 Eros International, the London listed Indian filmed entertainment studio, has announced a partnership with Lionsgate. The joint venture announced in Cannes on Tuesday, will allow Eros to distribute the latter’s content ... More

Ferragamo ties up with DLF
Salvatore Ferragamo, luxury Italian fashion group, has announced a new joint venture agreement with the DLF Group. The Italian company plans to open 10 new stores in the next five years throughout India. In 2008 alone, the company will open ... More

RIGHTS ISSUE
Bharat Forge to raise Rs 400 cr by rights issue
Mumbai, May 20 Bharat Forge Ltd has shelved its Rs 300-crore preferential issue to promoters and decided to go in for a Rs 400-crore right issue.In a notification to stock exchanges, the company said instead of preferential issue, an ... More

BONUS ANNOUNCEMENTS
SCI announces 1:2 bonus
The board of directors of Shipping Corporation of India (SCI) has recommended a bonus issue of shares in the ratio of 1:2 i.e. one bonus share for every two shares held. Since the company has huge reserves, the management has decided to utilise ... More

SICK UNITS
Process completed for exit of 24,884 defunct companies
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OUTLOOK
Mercator Lines plans to acquire more oil rigs
More

Timken seeks Govt nod to transfer holding in TIL to Mauritius unit
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Triveni Infra plans IPO
Mumbai, May 20 Triveni Infrastructure Development Company Ltd, a real estate developer with primary focus on the NCR region, intends to tap the capital market to raise about Rs 400 crore with an initial public offering of 80 lakh equity shares ... More

PEOPLE
Alufluoride MD passes away
Visakhapatnam, May 20 Mr V.S. Prasad, Managing Director of Alufluoride Ltd here, passed away in Hyderabad on Tuesday, according to a statement issued by the family. Mr Prasad, 75, is survived by wife and two daughters. He set up the unit ... More