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Saturday, February 07, 2009
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ANNOUNCEMENTS: ONGC rules out divesting MRPL stake to HPCL
‘HPCL already has equity in the project’. Mumbai, Feb. 6 Oil and Natural Gas Corporation (ONGC) is categorical that it will not divest any part of its stake in Mangalore Refinery & Petrochemicals (MRPL) to Hindustan Petroleum ...

OUTLOOK: Netherlands co bullish on India
...

CORPORATE GOVERNANCE: Murty’s share transaction had proper approvals: Karnik
New Delhi, Feb. 6 Rising to the defence of the newly appointed CEO, the Satyam Chairman, Mr Kiran Karnik, on Friday termed the issue of share transactions done by Mr A.S. Murty as an “unnecessary controversy” and said that sale of ...

NEW PROJECTS: Arshiya to set up Rs 530-cr free trade warehousing zone
Mumbai, Feb. 6 Logistics and supply chain solutions provider Arshiya International plans to establish a Rs 530-crore Free Trade Warehousing Zone in Mumbai by January ...

NEW PROJECTS: RINL expansion on course
Visakhapatnam, Feb. 6 The expansion project of the Rashtriya Ispat Nigam Ltd (RINL) is proceeding smoothly, in spite of the economic recession and its impact on the steel industry, and so far major orders worth Rs 11,400 crore have been ...

NEW PROJECTS: Numeric Power to get into green energy products
Hyderabad, Feb. 6 Chennai-based Numeric Power Systems Ltd is looking at expanding into green energy products, and get into the manufacturing of light-emitting diode (LED) fixtures as ...

NEW PROJECTS: Apollo to invest Rs 80 cr to buy cancer treatment system
Chennai, Feb.6 Apollo Hospitals expects to invest about Rs 80 crore in acquiring two CyberKnife – a robotic radio surgery ...

PEOPLE: Krishna Mahesh quits Sundaram Brake Linings board
Chennai, Feb. 6 Mr Krishna Mahesh has resigned as Executive Director and from the board of the Chennai-based Sundaram Brake Linings Ltd, a TVS group company. Mr Krishna Mahesh is the son of the company’s Chairman and Managing Director, ...

PERFORMANCE: Tata Steel output rises in Jan
Mumbai, Feb. 6 Tata Steel said that its hot metal, crude steel and saleable steel production this January was higher than that registered during the corresponding month of the ...

OUTLOOK: Roche Diagnostics to increase presence
Mumbai, Feb. 6 Even as it keeps a close watch on the recession, Roche Diagnostics has taken a call to increase its hiring in the Asia-Pacific region, encouraged by the growth they expect to see in this ...

MERGERS & ACQUISITIONS: Tharanco buys golf apparel brand Greg Norman
New Delhi, Feb. 6 Greg Norman Collection, a subsidiary of MacGregor Golf Company, a golf lifestyle apparel and accessories brand, has been acquired by Haresh Tharani-owned Tharanco Group for an ...

OUTLOOK: Recession forces Adani Power to scale down output targets
Ahmedabad, Feb. 6 With global economic recession affecting commercial and industrial demand for electricity in India, including in the States it has signed power purchasing agreements (PPAs) with, Adani Power Ltd (APL) has decided to scale ...

HUMAN RESOURCES: Tata Motors begins re-hiring laid off workers
Pune, Feb. 6 Tata Motors has started the process of re-engaging temporary workers at its commercial vehicle unit in Pimpri. Several thousands of them were laid off late last year following reduced production, in the wake of a slow-down in ...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (Feb 06)
Nifty (at close)2,843.10(+63.05)
US Dollar (Buy/Sell)48.68/69
Brent crude (a bbl) Rs2,227
Gold (a gram) Rs1,317
Silver (a kg) Rs21,735

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In Focus
Who is hiring?

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Looking back
Jan. 25-Jan. 31
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