The Hindu Business Line : Monday, May 11, 2009

CORPORATE

STOCKS: Promoters hike stakes in 2 out of 5 cos in 2008-09
Take advantage of the sharp decline in share prices witnessed in 2008. BL Research Bureau When the foreign institutional investors were busy selling in the equity markets for the better part of last year, promoters weren’t exactly sitting ...

OUTLOOK: 6 cos interested in leasing Ratnagiri’s LNG terminal
RIL, NTPC, Chambal Fertilisers, GMR, IOC, Essar in fray. New Delhi, May 10 Reliance Industries Ltd and five others have envisaged interest in the erstwhile Dabhol project, now called Ratnagiri Gas & Power Pvt Ltd (RGPPL), for leasing the ...

CORPORATE BONDS: ONGC may be asked to help in bailing out refiners
Centre eyes other revenue streams besides oil bonds for HPCL, BPCL. New Delhi/Mumbai, May 10 With barely a little over Rs 10,000 crore at the Centre’s disposal to compensate IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum ...

DIVERSIFICATION: BHEL to re-enter wind energy biz
To focus on equipment manufacture. Hyderabad, May 10 BHEL has decided to re-enter the wind energy business in a big way this year. The focus would be on ...

MERGERS & ACQUISITIONS: Bharati Shipyard’s buy of Great Offshore – A new trend setter?
The acquisition of the controlling stake of 14.9 per cent in Great Offshore by Bharati Shipyard (through its subsidiaries) by way of purchase of pledged shares in a non-cash deal technically “averted” compliance of a ...

OUTLOOK: Holcim sees tough year ahead
Mumbai, May 10 Switzerland-based Holcim, the world’s second largest cement maker, has predicted another difficult year in 2009 for the construction and building ...

OUTLOOK: Amway India sees 25% growth in sales
Baddi (Himachal Pradesh), May 10 As Amway India, a major direct selling fast moving consumer goods company, prepared itself to more than double its sales turnover to Rs 2,500 crore in the next three years, its main contract manufacturing ...

ANNOUNCEMENTS: GSPC may raise LNG offtake from Petronet
Kolkata, May 10 Gujarat State Petroleum Corporation (GSPC) may increase its business with Petronet LNG ...

NEW PROJECTS: More capacity additions in Birla Corp roadmap
Kolkata, May 10 Birla Corporation has planned further capacity additions, including enhancement of power generation capacity, and acquisition of a new mining ...

FINANCIAL PERFORMANCE: SRF posts Rs 21-cr PAT in Q4
New Delhi, May 10 SRF Ltd has reported a profit after tax (PAT) of Rs 21 crore for the fourth quarter ended March 31, 2009, compared with Rs 1 crore PAT recorded during the corresponding period in the ...

OUTLOOK: Recession impact: Whyte & Mackay margins under pressure
Bangalore, May 10 With Scotch whisky consumption going down globally, the Scotland-based Whyte & Mackay, part of United Spirits, could see some pressure on ...

OUTLOOK: Astra Microwave looks to tap export market
Hyderabad, May 10 Astra Microwave Products Ltd (AMP) plans to tap opportunities in the export market and ‘offset’ policy of the defence sector to propel ...

MERGERS & ACQUISITIONS: UBS acquires DJ-AIG Commodity Index
The equities arm of UBS Investment Bank completed on May 6 the acquisition of the commodity index business of AIG Financial Products Corp, including AIGs rights to the Dow Jones-AIG Commodity ...

ALLIANCES & JOINT VENTURES: Aries Agro signs pact with MCX
Mumbai, May 10 Aries Agro Ltd, a specialty micronutrient company, has entered into a memorandum of understanding with Multi Commodity Exchange to promote its products among farmers through Gramin Suvidha Kendra (GSK) - a joint initiative ...

MERGERS & ACQUISITIONS: Floating dock for Bharati Shipyard
Recently Bharati Shipyard hit the headlines following the announcement of its acquisition of more than 14 per cent stake in Great Offshore. There was another development of no less significance, though not much publicised. A ...

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

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Markets (May 08)

Nifty (at close)	3620.70(-63.20)
US Dollar (Buy/Sell)	49.33/35
Brent crude (a bbl) Rs	2,752
Gold (a gram) Rs	1,354
Silver (a kg) Rs	23,540

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Coffee exports turn bitter on slowdown

‘FIIs are assuming that there will be a stable Government’

Shipping: Fighting strong currents

Value buying is the name of the game, and not just in stocks

Holcim sees tough year ahead

BHEL to re-enter wind energy biz

US scenario: ‘We are watching developments very carefully; as of now, there is no impact on us’

Looking back
May. 3-May. 9
Rise in non-core income of cos in 2004-08 period

Singapore’s strategy: Sops for cos to prevent lay-offs

Ranbaxy recalls antibiotic drug in US market

Toyota may lower investment for second plant near Bangalore

Tata Housing launches low-cost project

Ocimum Bio’s test to detect swine flu

ONGC may exit Rajasthan block over royalty issue

After D6, all eyes on adjacent blocks

DLF falls on buzz of promoters’ stake sale