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Wednesday, February 11, 2009
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OUTLOOK: GM says $1-b sourcing target will be difficult
Compact car Spark Muzic with additional features launched. New Delhi, Feb. 10 General Motors has said that it may find it challenging to meet its target of sourcing $1 billion worth of components annually from Indian vendors by 2010. This comes ...

OUTLOOK: Dunlop Sahagunj on lower scale
...

MANPOWER: Kinetic Engg offers workers VRS
...

ANNOUNCEMENTS: Aloka Trivitron Chennai facility goes on stream
To roll out a range of medical equipment. Chennai, Feb. 10 Aloka Trivitron Medical Technologies Pvt Ltd, a medical equipment manufacturing company, announced the commencement of the production of Aloka SSD 500, portable black and white ...

NEW PROJECTS: Siemens Building opens new centre in Chennai
Sees growth in building efficiency, security. Chennai, Feb. 10 Building infrastructure efficiency and public infrastructure security are two areas in which Siemens Building Technologies Pvt Ltd sees significant growth in the ...

NEW PROJECTS: SEW-Eurodrive facility near Chennai goes on stream
Chennai, Feb. 10 SEW-Eurodrive India Pvt Ltd, the wholly owned subsidiary of SEW-Eurodrive GmbH, today inaugurated its manufacturing facility in Sriperumbudur, about 45 km west of ...

CORPORATE GOVERNANCE: RBI fiat on compliance certification
The Reserve Bank of India on Tuesday said that besides company secretaries, banks lending under consortium arrangement/ multiple banking arrangements can also obtain regular certification regarding compliance of various statutory prescriptions ...

COURTS/LEGAL ISSUES: Madras HC refers MRF lock-out issue to Industrial Tribunal
Chennai, Feb. 10 The Madras High Court has referred to the Industrial Tribunal issues pertaining to the indefinite lock-out declared by the management of the Chennai-based tyre giant MRF Ltd in December, 2007 following work stoppages by a ...

NEW PROJECTS: BEL, Boeing to set up analysis centre
Bangalore, Feb. 10 Bharat Electronics Ltd and Boeing plan to set up a joint analysis and experimentation centre to enable the Armed Forces explore alternative solutions in an atmosphere of simulation and modelling. BEL said an MoU would be ...

ALLIANCES & JOINT VENTURES: Speck Systems teams up with Israel Aerospace Industries
Hyderabad, Feb. 10 Speck Systems Ltd has entered into an agreement with Israel Aerospace Industries Ltd (IAI) for manufacturing and service support of the latter’s mini and micro unmanned aerial vehicles product range ...

NEW PROJECTS: Tatas in talks with Taiwan to set up Taj hotel in Taipei
Mumbai, Feb. 10 The Tata Group is in talks with the Taiwanese Government to open a Taj group hotel in the capital city Taipei and to source electronic goods for its Croma ...

ANNOUNCEMENTS: Tata Sons pledges 8.15% in Tata Motors; Bajaj Auto promoters 2.57%
Mumbai, Feb. 10 Tata Sons pledged 8.15 per cent stake in Tata Motors on Tuesday. Tata Sons had already pledged shares in group companies Tata Steel (14.6 per cent) and Tata Power (13 per cent) ...

CORPORATE BONDS: Oil Ministry seeks Rs 13,000-cr bonds for Q4
New Delhi, Feb. 10 To compensate the public sector oil marketing companies (OMCs) for the revenue loss incurred on fuel sales in the fourth quarter of the current fiscal, the Petroleum Ministry has sought oil bonds of about Rs 13,000 ...

COURTS/LEGAL ISSUES: Rajus’ bail hearing on Thursday
Hyderabad, Feb. 10 The second bail petition of the Raju brothers and their ex-CFO, Mr V. Srinivas, will come up for hearing on February ...

ALLIANCES & JOINT VENTURES: Nichi-In signs pact with Jeevan Stem Cell Bank
Chennai, Feb. 10 Nichi-In Centre for Regenerative Medicine (NCRM), an Indo-Japan joint venture, has signed a memorandum of understanding (MoU) with Jeevan Stem Cell Bank, a unit of Jeevan Blood Bank and ...

INSIGHT: Greed Inc.
At a time when most companies in the US and the UK have to be propped up by hundreds of billions of dollars (or pounds) of taxpayers’ money, the reckless abandon with which the top executives of those companies are lavishing bonuses and ...


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




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Markets (Feb 10)
Nifty (at close)2,934.50(+14.60)
US Dollar (Buy/Sell)48.75/76
Brent crude (a bbl) Rs2,230
Gold (a gram) Rs1,312
Silver (a kg) Rs21,650

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