The Hindu Business Line : Thursday, November 13, 2008

CORPORATE

MERGERS & ACQUISITIONS: Ratan Tata to group cos: Freeze acquisitions, capex plans
Mumbai, Nov. 12 Warning of hard days ahead, Mr RatanTata has asked all the Tata Group companies to put on hold their acquisition and capital expenditure ...

PERFORMANCE: Out of the whirl
After being in the red for a few years, Whirlpool of India is gaining momentum with new launches and looking forward to good times ahead.. Tough times never last, but tough people do. Or shall we say tough brands do. For Shantanu Das Gupta, ...

MERGERS & ACQUISITIONS: Creepy acquisition
Promoters are exempt from making the mandatory public offer to acquire further shares carrying a minimum of 20 per cent voting rights of the company so long as they do not acquire in a financial year more than 5 per cent of the shares ...

OUTLOOK: Reva takes new route for driving its sales
Plans to partner electronic retail chains. Bangalore, Nov. 12 The slowdown in the auto sector as well as the uniqueness of the product itself has prompted India’s first electric car maker, Reva, to scout for non-traditional routes such as ...

NEW PROJECTS: Lanco Hills hikes project cost to Rs 7,200 cr
Achieves financial closure; Awaits aviation nod for Signature Tower. Hyderabad, Nov. 12 Lanco Hills, a special purpose vehicle of Lanco Infratech, has hiked the cost of the mixed development project that includes a special economic zone near ...

PERFORMANCE: Bengaluru airport incurs Rs 130-cr loss in H1 on traffic dip, airlines’ dues
Bangalore, Nov. 12 Barely six months into operation and troubled times in the air have started telling on the Bengaluru ...

NEW PROJECTS: Demand for crop nutrients slows down
Aries Agro defers project. Mumbai, Nov. 12 Aries Agro, a speciality fertiliser manufacturing company, has deferred the launch of a new production unit at Panvel in the outskirts of Mumbai to March from the earlier schedule ...

AWARDS & HONOURS: Realty company awarded
...

OUTLOOK: GM India to launch Cruze in 2009
Says biz plans on track in India. Pune, Nov. 12 Despite the on-going downturn in the Indian automobile sector, General Motors India says its expansion plans are on track, and the company will launch its sedan – the Chevrolet Cruze – ...

COURTS/LEGAL ISSUES: Distillery’s claim for duty waiver on wastage of rectified spirit during curing rejected
Chennai, Nov. 12 The Madras High Court has upheld the order of Commissioner, Prohibition & Excise, TN, asking Vorion Chemicals & Distilleries Ltd, Chennai, to pay duty of Rs 3,00,124 being excess wastage of 6,821.388 proof litres ...

ANNOUNCEMENTS: GMR to delay barge-mounted power plant shift to Kakinada
To operate at existing location on merchant basis. Bangalore, Nov.12 GMR Infrastructure Ltd has informed BSE that GMR Energy Ltd, the company’s 100 per cent subsidiary company, having a 220-MW power plant at Mangalore, has deferred its ...

OUTLOOK: Danfoss to make India a major sourcing hub
Chennai, Nov. 12 Last year, Danfoss India Pvt Ltd, a subsidiary of Danfoss Industries of Denmark, exported products (such as switches, condensers and variable frequency drives) worth about €1 million. In the current year, its exports ...

OUTLOOK: Arval to invest Rs 400 crore in India
Mumbai, Nov. 12 Operational leasing and corporate vehicle management company Arval said it would invest Rs 400 crore in India in three years to build ...

ANNOUNCEMENTS: Hinduja Foundries cuts work days
Chennai-based Hinduja Foundries (formerly, Ennore Foundries Ltd) on Wednesday announced reduction in its working days. A press release from the company says that due to drop in demand of commercial vehicles, tractors and passenger cars, off-take ...

AWARDS & HONOURS: Award for Solar Semiconductors
Solar Semiconductor has bagged the award of Par Excellence, at the 22nd National Convention of Quality Circles, organised by Quality Circles Forum of India (QCFI), between November 8-11 at Vadodara. The three-day meet attracted 664 quality ...