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Thursday, May 14, 2009
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OUTLOOK: Maruti plots CNG roadmap with Reliance, GAIL
Bets on RIL find; feels ‘natural gas may be a better option’. Mumbai, May 13 Reliance Industries’ natural gas discovery from the D6 block of the Krishna-Godavari basin has been the best piece of news to the automotive industry. ...

NEW PROJECTS: Nano vendors seek guarantee on loans to invest in Sanand
Ancillaries in a fix due to Singur expenses and poor orders. Mumbai, May 13 Key ancillary suppliers associated with the Nano project have indicated that they would ideally like Tata Motors to guarantee their loans for investing in the Sanand ...

OUTLOOK: Godrej may hike personal care product prices in Sept
Mumbai, May 13 Godrej Consumer Products may consider a price hike in September following strong demand, especially from rural areas. Consumers were expecting a cut in prices after the sharp fall in various raw materials used in personal ...

OUTLOOK: Ginger building up brand flavour
Budget hotel sports coffee outlets with online booking systems & call centres. Mumbai, May 13 Ginger, the budget hotel offering from the Tata Group, appears to be going in for a subtle ...

OUTLOOK: Competition hots up in premium compact car segment
New Delhi, May 13 Thanks to rising income and increasing quality consciousness among urban youth, car-makers are planning to increase their output of premium compact ...

OUTLOOK: ONGC to step up investment in non-conventional energy sources
Hyderabad, May 13 Oil and Natural Gas Corporation Ltd (ONGC) is in the process of stepping up investments in the next two-three years to tap into the huge non-conventional energy sources, while focusing on extracting more out of new shallow ...

MODERNISATION: 725-tonne reactor for BPCL to arrive in Kochi on Monday
With the arrival and installation of the 725-tonne reactor at the Vacuum Gas Oil Hydro Desulphurisation Unit, the capacity expansion and modernisation project of the BPCL Kochi Refinery will be completed on schedule in December this ...

RESTRUCTURING: EIH undertakes restructuring exercise
Bangalore, May 13 EIH, which owns the Oberoi group of hotels, has undertaken a major restructuring exercise of all its global operations, including closure of some of its key ...

OUTLOOK: Usha Martin upbeat on exports
Kolkata, May 13 Usha Martin Ltd, a major producer of specialty steel and one of the largest wire manufacturers, will achieve increased steel manufacturing capacity of 700,000 tonnes by June and 900,000 tonnes by March next ...

OUTLOOK: Sanwaria Agro Oils expanding capacity
Mumbai, May 13 Sanwaria Agro Oils plans to invest Rs 125 crore for producing value-added products such as soya flour (200 tonnes a day), soya nuggets (100 tonnes a day) and vanaspati (50 tonnes a day). It will also set up a 150 tonnes a day ...

INTERVIEW: NHPC looks beyond core hydropower biz
Going ahead with a Rs 21,600-cr investment plan. New Delhi, May 13Mr S.K. Garg took over the reins of the country’s largest hydropower generator, NHPC Ltd in January 2007. Prior to his appointment as Chairman and Managing Director, he was ...

NEW BUSINESS: Gujarat Govt deal bolsters Educomp’s order book
NIIT too takes away a part of the pie. Educomp Solutions’ Rs 83.8-crore worth of order win from Gujarat Government strengthens the order book of its ICT (information communication and technology) ...

NEW BUSINESS: Consolidated Const bags order
Consolidated Construction Consortium Ltd has bagged a Rs 186-crore order as a part of the runway expansion at the Chennai airport. The company has informed the stock exchange that it has bagged orders worth Rs 306.74 crore including orders for ...

COURTS/LEGAL ISSUES: Rajus’ bail plea rejected
A city court has dismissed the bail applications of Mr B. Ramalinga Raju, the former Chairman of Satyam Computer Services, his brother, Mr Rama Raju, and Mr V. Srinivas, the former Chief Financial Officer, on Wednesday. A separate court, ...


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




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Markets (May 13)
Nifty (at close)3635.25(-45.85)
US Dollar (Buy/Sell)49.70/71
Brent crude (a bbl) Rs2,864
Gold (a gram) Rs1,363
Silver (a kg) Rs23,835

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