Business Daily from THE HINDU group of publications
Wednesday, February 18, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, February 18, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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CORPORATE GOVERNANCE: Govt moves to dissolve Maytas’ boards SFIO probe shows nexus with Satyam fraud; CLB to hear the case on Feb 24. New Delhi, Feb. 17 With the ‘nexus’ between the Satyam Computer Services and its two group companies – Maytas Infra Ltd and Maytas Properties Ltd – ... OUTLOOK: Mahindra to make boats Forms jt venture with Mumbai-based Ocean Blue. Mumbai, Feb 17 Mahindra & Mahindra, the tractor-to-software group, has entered boat manufacturing with an eye on tapping business potential of marine-based leisure ... ANTI-DUMPING: ‘Shipping sector needs protection from multinationals’ Share in domestic trade has fallen to 12% from 40%: SCI chief. The domestic shipping industry needs to be protected from the growing threat of multinationals through a measure similar to that of anti-dumping duty ... HUMAN RESOURCES: Federal-Mogul to lay off 600 workers at Bangalore plant Fallout of downturn in auto industry, dip in orders. Bangalore, Feb. 17 In what could turn out to be one of the largest retrenchments in the Indian auto sector, global auto parts major Federal-Mogul Corporation is undertaking a massive lay-off ... OUTLOOK: Hyundai to launch i20 diesel variant this year Automaker tying up with public sector banks for financing options. New Delhi, Feb. 17 Hyundai Motor India has firmed up its plan to introduce a diesel variant of its premium compact car, the i-20, by the end of the ... FINANCIAL PERFORMANCE: Page Industries net rises 38% Page Industries Ltd has announced a 37.8 per cent increase in net profit for the quarter ended December 31, 2008 at Rs 8.99 crore. Net sales grew 30 per cent to Rs 67.34 crore. Page Industries is the exclusive licensee of Jockey International ... CORPORATE GOVERNANCE: Koutons promoters pledge 26% stake Apparel retailer Koutons Retail, has informed the Bombay Stock Exchange that six of its promoters have pledged 80.60 lakh shares, representing 26.36 per cent stake in the company, with lenders. The company said one of its promoters, Mr Davinder ... OUTLOOK: Suzuki enters 150-cc segment, launches GS 150R Chennai, Feb. 17 Suzuki Motorcycle India Private Ltd (SMIPL) today launched the GS 150R, a 150 cc motorcycle in the premium segment . The on-road price in Chennai is ... OVERSEAS INVESTMENTS: Meltdown hits IOC’s Turkey plans Kolkata, Feb. 17 Indian Oil Corporation seems to have left its Turkish dreams ... NEW PROJECTS: SAIL starts work on Rs 85-cr processing unit in UP New Delhi, Feb. 17, The Steel Authority of India Ltd (SAIL) has started work on the 8th Steel Processing Unit (SPU) among the 11 being set up. The Minister for Chemicals and Fertilisers and Steel, Mr Ram Vilas Paswan, laid the foundation ... CORPORATE GOVERNANCE: Satyam: Buyout action by month-end The beleaguered software firm Satyam Computer Services Ltd may see some action on the buyout front, this month. Satyam Board member Mr Deepak Parekh on Tuesday indicated that buyer for Satyam could emerge by the end of February. He further said ... OUTLOOK: Rane group yet to decide on plant at Sanand Chennai, Feb. 17 The Chennai headquartered Rane group is yet to decide on setting up a plant at Sanand, Gujarat, where Tata Motors is putting up a plant to make the Nano. Rane plans to supply components for the Nano from its ... PERFORMANCE: Net sales, profit growth rates slowing: CII report NEW PROJECTS: M&M-Kinetic Motor venture begins operations Pune, Feb. 17 Mahindra Kinetic Scooters and Motorcycles Ltd, a JV between utility vehicles maker Mahindra and Mahindra (M&M) and two-wheeler manufacturer Kinetic Motor Company Ltd (KMCL) has begun operations with the manufacture of ... ANNOUNCEMENTS: XL Telecom’s solar panels go live in Spain Hyderabad, Feb. 17 XL Telecom & Energy Ltd plans to enter European countries such as Germany and the Czech Republic with its ... ALLIANCES & JOINT VENTURES: NACIL to form four jt venture cos with Singapore firm New Delhi, Feb. 17 The state-owned National Aviation Company of India Ltd (NACIL) has been permitted to form four joint venture companies with Singapore Air Terminal Services (SATS) to take up cargo and ground handling activities at ... MERGERS & ACQUISITIONS: Hyundai Elevator acquires 40% in Kinetic Elevator Pune, Feb. 17 Hyundai Elevator Company (HELCO), South Korea-based manufacturer of elevators, escalators and travellators, has acquired 40 per cent stake in Kinetic Elevator and Escalator Ltd (KEEL) for an ... PEOPLE: Patni names new Vice-President Mumbai, Feb. 17 Patni Computer Systems has appointed Mr Mike Reynolds as Vice-President with specific responsibility for banking and financial services in Europe, Middle East and Asia. Prior to this, he was a partner at Accenture. He led ... OVERSEAS INVESTMENTS: HBL industrial battery unit in Saudi HBL Power Systems Ltd is in the process of setting up a joint venture company in the Kingdom of Saudi Arabia (SA) with Advance Electronics Company Ltd (a Government partner) and Abdullah H. Al Shuwayer & Sons T&C Company Ltd as ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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