The Hindu Business Line : Saturday, November 01, 2008

CORPORATE

RIGHTS ISSUE: Promoters’ stake in Tata Motors rises to 42%
Mumbai, Oct. 31 Post the rights issue the promoters’ stake in Tata Motors rose to 42 per cent from 33 per cent. The promoters — Tata Sons and group companies — invested more than Rs 3,000 crore to pick up the ...

ALLIANCES & JOINT VENTURES: GAIL, IOC ink deal for exploring petrochem project in Bihar
Will prepare feasibility study for Rs 10,000-cr plant. New Delhi, Oct. 31 GAIL (India) Ltd and Indian Oil Corporation Ltd (IOCL) on Friday signed an agreement for exploring the possibility of setting up a cracker complex (including downstream ...

OUTLOOK: ‘Toyota Motor, Kirloskar group in equity talks for small car project’
Bangalore, Oct. 31 Toyota Motor Corporation (TMC) is learnt to be in talks with its joint venture partner in India, the Kirloskar Group, for equity infusion into the Rs 2,600-crore compact car project which is being developed in its plant ...

SICK UNITS: Cabinet approves revival of HFCL Barauni unit
National Fertiliser, RCF, Kribhco to jointly revive the unit. New Delhi, Oct. 31 Public sector fertiliser companies — National Fertilisers Ltd (NFL) and Rashtriya Chemicals and Fertilisers Ltd (RCFL) — along with the second largest ...

SICK UNITS: Balaji Distilleries posts Rs 32-cr net on ‘exceptional income’
Expects to come out of BIFR purview by 2010. Chennai, Oct. 31 A Rs 30-crore ‘exceptional income’ arising out of resolution of a dispute with the Rajasthan State Electricity Board (RSEB) enabled Balaji Distilleries post a net profit ...

OUTLOOK: LMW sets stage to start operations in China next year
‘Financial crunch affecting industry’. Coimbatore, Oct. 31 The slowdown has not deterred textile machinery manufacturing major Lakshmi Machine Works Ltd from going ahead with its project in ...

ALLIANCES & JOINT VENTURES: Tata Motors close to tie up with finance company for Jaguar, Rover sales in US
Mumbai, Oct. 31 Tata Motors is in an advanced stage of discussion with an independent vehicle finance company to finance sales of Jaguar and Land Rover in the US. The agreement is expected to come into effect ...

OUTLOOK: India Cements to invest Rs 160 cr for captive power plant
Chennai, Oct. 31 India Cements plans to invest over Rs 160 crore to set up 40 MW of captive thermal power generation facilities to address the rising cost of power, according to Mr N. Srinivasan, Vice-Chairman and ...

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Markets (Oct 31)

Nifty (at close)	2885.60(+188.55)
US Dollar (Buy/Sell)	49.49/50
Brent crude (a bbl) Rs	3,041
Gold (a gram) Rs	1,099
Silver (a kg) Rs	16,420

Nifty Companies News
SE Diary
Scoreboard

In Focus
Pravasi Bharatiya Divas, Singapore

More

Other Top Stories
Govt scraps export duty on select steel products

LMW sets stage to start operations in China next year

Rural India continues to be deprived of LPG, electricity

Understatement in real-estate deals

Hindalco’s Q2 net profit rises 12% at Rs 720 cr

Tata Motors close to tie up with finance company for Jaguar, Rover sales in US

High shipping cost sinks Suzlon net in Q2

Looking back
Oct. 19-Oct. 25
‘Taxes, not over-capacity, killing aviation sector’

Hero Honda defies industry trend in 100 cc category

Foreign borrowing norms for cos eased

‘More flexibility for corporate borrowers’