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Tuesday, April 21, 2009
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OUTLOOK: ‘We want to grow to number one position’
Immediate concern is to create governance layer: Anand Mahindra. Hyderabad, April 20 It’s just not ‘business as usual’ but ‘business better than usual’ at Satyam ...

OUTLOOK: M&M bets big on tractor exports to Africa
‘10-fold increase in sales between 2005-09. Mumbai, April 20 Mahindra & Mahindra’s Farm Equipment Sector, which exports tractors to 25 countries worldwide, is looking at Africa in a big way. The market here is expected to grow to ...

OVERSEAS INVESTMENTS: KS Oils to begin imports from Indonesia in 4 years
Rs 130-cr mill to be set up to crush oil palm fruits. Jambi (Indonesia), April 20 K.S. Natural Resources Pte Ltd, a 100 per cent subsidiary of NSE-listed K.S. Oils Ltd, will start shipping crude palm oil to India from its Indonesian plantations ...

OVERSEAS INVESTMENTS: BHEL scouts for forgings venture in Europe, China
New Delhi, April 20 Bharat Heavy Electricals Ltd (BHEL) is looking at the option of picking up equity or even buying out forgings ventures in Eastern Europe and ...

INTERVIEW: ‘Cost of hybrid vehicles will eventually come down’
Mumbai, April 20 Mr John P. Absmeier, Director of Business Development (Asia-Pacific) and Manager of Advanced Engineering for Hybrid and Electric Vehicles and Power Electronics, Delphi Corporation, tells Business Line in ...

ANNOUNCEMENTS: ‘Negative solid waste’ tag for ITC due to paperboard recycling biz
Co plans to increase production of recycled paper. Kolkata, April 20 With a production capacity of over 160,000 tonnes of recycled paperboards a year, the mills of ITC Ltd at Kovai and Bhadrachalam have helped the company attain the distinction ...

ANNOUNCEMENTS: JBM to continue paying technical fees to ThyssenKrupp
New Delhi, April 20 JBM Auto, which has acquired joint venture partner ThyssenKrupp’s stake in the sheet metal business for the domestic market, has said that it will have to continue paying a licensing fee to ThyssenKrupp for ...

ALLIANCES & JOINT VENTURES: Honda to partner PNB for car finance
New Delhi, April 20 Premium car maker Honda Siel Cars India has signed a memorandum of understanding with Punjab National Bank (PNB) to offer finance on its ...

SOCIETY & DEVELOPMENT: Reliance Dhirubhai scholarships
...

OUTLOOK: Gas turbine biz to help GE Energy counter downturn
New Delhi, April 20 GE Energy hopes to close in on its $1 billion revenue target for India by 2010 despite the economic ...

COURTS/LEGAL ISSUES: NTPC case: Court to decide on Reliance ‘written statement’
Mumbai, April 20 On Wednesday, the Bombay High Court will decide whether to allow Reliance Industries Ltd to amend the ‘written statement’ it has filed in the ongoing suit ...

RESTRUCTURING: Demerger of facility may lift sentiment for Welspun
Stake sale in subsidiary will help co focus better. Steel pipe-maker Welspun Gujarat Stahl Rohren’s decision to de-merge its plate-cum-coil mill into a 100 per cent subsidiary may help improve the market valuation for the parent ...

ANNOUNCEMENTS: Century Text denim production
Diversified Century Textiles & Industries Ltd has restored its production of denim cloth at its factory in Madhya Pradesh to its normal capacity, stated the company in a release to the Bombay Stock Exchange. Earlier in February, due to ...


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




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Markets (April 20)
Nifty (at close)3377.10(-7.30)
US Dollar (Buy/Sell)50.14/15
Brent crude (a bbl) Rs2,601
Gold (a gram) Rs1,311
Silver (a kg) Rs20,745

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