The Hindu Business Line : Saturday, April 25, 2009

CORPORATE

OUTLOOK: RIL’s refining biz throws up negative surprise: Analysts
‘Petrochemical business offsets weakness in refining’. Kolkata, April 24 The Reliance Industries stock, one of the Dalal Street heavyweights, received prompt reviews from brokerages and readjustment in forward outlook after ...

MERGERS & ACQUISITIONS: M&A activity declines 60% in Jan-March
Number of deals falls to 54: Venture Intelligence. Merger and acquisition (M&A) activity declined by nearly 60 per cent in the quarter ended March compared with the corresponding period last year, according to ...

ACCOUNTING STANDARDS: Number game at Satyam
“Arise, Awake and stop not till thy goal is reached” is one of the many inspirational sayings of Swami Vivekananda. The management at the Institute of Chartered Accountants of India (ICAI) appears to be following this in letter ...

NEW BUSINESS: Sigma Vibracoustic gets Rs 50-cr order
To import some components from Hungary. Chennai, April 24 Mohali-based Sigma Vibracoustic (India) Pvt Ltd has received an order from a leading commercial vehicle manufacturer to supply air spring bellows and front suspension parts. Current ...

OUTLOOK: Reliance Infra looking at power distribution in UP, Bihar
Reliance Infrastructure Ltd may submit bids for retail power distribution in 11 cities in Uttar Pradesh and Bihar, according to ...

FINANCIAL PERFORMANCE: BEL net rises 11% in Q4
Bharat Electronics Ltd (BEL) posted nearly 11 per cent higher fourth-quarter net profit year-on-year, touching Rs 559.44 crore. It made a fourth-quarter net profit of Rs 504.83 crore, audited, in fiscal 2008, it said in a stock exchange ...

FINANCIAL PERFORMANCE: Cipla Q4 net profit up on better product-mix
Expects tough year ahead. Mumbai, April 24 Drug-maker Cipla Ltd sees the year ahead being tough, as a result of intense generic competition and the slowdown in global markets. But the negative impact could be blunted by the company’s ...

OUTLOOK: Metecno expanding product range
Chennai, April 24 Metecno (India) Pvt Ltd, a manufacturer of sandwich panels for roof and wall cladding, is widening its product range and plans to put up a second unit in ...

RESTRUCTURING: 34 cos come up for debt rejig
Mumbai, April 24 The Corporate Debt Restructuring Cell, a non-statutory voluntary mechanism set up jointly by banks and financial institutions at Reserve Bank of India’s behest, has received 34 cases of corporate debt ...

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

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Markets (April 24)

Nifty (at close)	3480.75(+57.05)
US Dollar (Buy/Sell)	49.80/81
Brent crude (a bbl) Rs	2,468
Gold (a gram) Rs	1,364
Silver (a kg) Rs	22,175

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Apr. 12-Apr. 18
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