The Hindu Business Line : Saturday, May 09, 2009

CORPORATE

OUTLOOK: Tata Steel’s Corus unit in UK on verge of closure
As consortium fails to honour commitment to buy 78% of production. Mumbai, May 8 European steelmaker Corus, which was acquired by Tata Steel for $12.9 billion in 2007, may be forced to shut down its Teesside Cast Products (TCP) plant in ...

OUTLOOK: After D6, all eyes on adjacent blocks
Reliance-operated D3, D9 blocks hold promise. Chennai, May 8 After the hugely successful gas find in the D6 block in the Krishna-Godavari basin, where would one look for more oil and gas? In the adjacent blocks, ...

BUYBACK: Rain Commodities plans buyback
Rain Commodities Ltd is planning to authorise the board of directors of the company to buy back its fully paid up equity shares of Rs 10 each, not exceeding 5.73 per cent of the total paid up equity capital of the company. The price of each ...

CORPORATE GOVERNANCE: Need to empower independent directors
Mumbai, May 8 The business and investment community in India was concerned about corporate governance even before the Satyam episode happened, a KPMG poll ...

OUTLOOK: Key role for India in GE’s healthcare drive
To develop low-cost medical tech. Bangalore, May 8 General Electric’s just-unveiled $6-billion global healthcare drive, half of it to develop 100 low-cost medical technologies by 2015, will have a key role for India, top GE India officials ...

ALLIANCES & JOINT VENTURES: Petronet ties up LNG imports from Australia
New Delhi, May 8 Petronet LNG Ltd (PLL) has tied up 1.5 million tonnes a year of LNG imports from the Gorgon project in Australia for Kochi terminal. The terminal will be ready by end ...

OUTLOOK: Altair sees potential for CAE tool
Coimbatore, May 8 Detroit-headquartered Altair Engineering is offering a CAE (computer-aided engineering) tool to support engineers in tasks such as analysis, simulation, design, manufacture, planning, diagnosis ...

PERFORMANCE: Ashok Leyland April sales down
Chennai, May 8 Ashok Leyland sold 1,750 vehicles in April, compared with 5,099 in the previous month. Notably, the truck manufacturer sold 995 medium and heavy-duty range goods carriers in the month, compared with 2,344 in March. It sold ...

VENTURE CAPITAL: Secura Investment launches Shariah-compliant real estate VC fund
To focus on realty, infrastructure development sector. Kozhikode, May 8 Secura Investment Management India Pvt Ltd has launched its first real estate venture capital ...

MERGERS & ACQUISITIONS: DLF falls on buzz of promoters’ stake sale
New Delhi, May 8 Shares of DLF Ltd on Friday fell two per cent to close at Rs 240.40, even as the market buzz that promoters are selling part of their stake in the company grew ...

NEW PROJECTS: Kohler India to invest Rs 100 cr
Kohler India Corporation Pvt Ltd, a subsidiary of the multinational Kohler Corp, leading kitchen and bath design products globally, will invest around Rs 100 crore this year to set up two more manufacturing units at its Vadodara facility ...

PEOPLE: Castrol India MD resigns
Mumbai, May 8 Mr Naveen Kumar Kshatriya, Managing Director of Castrol India, has resigned from the post, the company informed the stock exchanges on Friday. Mr Kshatriya has been nominated by Castrol Ltd UK, the parent company, as ...