The Hindu Business Line : Tuesday, May 19, 2009

CORPORATE

OUTLOOK: Shriram EPC aims for major play in coal gas plants
Looking at orders in the eastern region. Chennai, May 18 Armed with a technology tie-up with Envirotherm GmbH of Germany, Chennai-based Shriram EPC Ltd aims for a major play in the area of coal gasification. The company begins its innings with ...

NEW PROJECTS: Cement companies add 8 mt capacity in April
Installed capacity goes up to 219 mt. Mumbai, May 18 Cement companies have added nearly eight million tonnes (mt) capacity in April, taking the total installed level to 219 ...

HUMAN RESOURCES: Tata Motors to hike wages for 2009-10
Kolkata, May 18 Tata Motors Ltd will give performance-linked wage hikes to its employees in 2009-10, though the increment will be less than the double-digit levels in recent years, according to its Vice-President, Mr S.J. ...

PEOPLE: Lakshmi Mills chairman G.K. Sundaram dead
Coimbatore, May 18 For Mr G.K. Sundaram (affectionately known as GKS among friends and admirers), May 17 was no different from others though it happened to be his last. The 96-year-old doyen of the Indian textile industry performed his ...

OUTLOOK: India-designed car likely in 3 years, says Maruti
Hyderabad, May 18 Engineers at the country’s largest carmaker Maruti’s research and development (R&D) centre expect to roll out a fully India conceptualised, designed and developed car within three years, according to Mr ...

OUTLOOK: Instant coffee exports brewing strong, says Tata Coffee
Bangalore May 18 Tata Coffee expects a rebound in instant coffee exports over the next couple of quarters following a revival in demand from key markets such as Russia and ...

OUTLOOK: CIL may urge new Govt to hike coal price
Kolkata, May 18 Soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Ltd (CIL) in the second half of the current financial year. This is to meet the rising cost of ...

NEW PROJECTS: Parsvnath township project at Panipat gets environmental nod
New Delhi, May 18 Having received the environmental clearance for its proposed township project at Panipat (Haryana), real estate company Parsvnath Developers Ltd on Monday said it would soon start construction at the ...

OUTLOOK: Ashok Leyland hopes to liquidate stocks by June
Chennai, May 18 Ashok Leyland expects to liquidate its inventory of finished goods by next month end, the company’s Managing Director, Mr R. Seshasayee, said at a press conference ...

OUTLOOK: Oetiker to supply clamps to VW, Hyundai India arms
Mumbai, May 18 Oetiker, the Swiss-based manufacturer of auto clamps with operations in Patalganga (Maharashtra), plans to kick off supplies to the Indian arms of Volkswagen (VW) ...

TRADE & LABOUR UNIONS: MRF declares lockout at TN plant
Chennai, May 18 Tyre manufacturer MRF Ltd on Monday declared a lock-out at the Arakkonam plant with effect from Sunday “on account of labour unrest in ...

ALLIANCES & JOINT VENTURES: Bartronics to partner Essen
...

COURTS/LEGAL ISSUES: Calcutta HC Bench admits ITC appeal
A division bench of Calcutta High Court comprising Mr Justice P.C. Ghose and Mr Justice S.P. Mitra on Monday admitted the appeal filed by ITC Ltd, challenging the order of a trial Court passed on March 19, 2009, lifting the ban from selling ...

PRIVATE PLACEMENT: Gujarat NRE Coke allots warrants
Gujarat NRE Coke announced on Monday that it had allotted 40 lakh warrants to Bennett, Coleman & Co Ltd on May 15. The warrants may be converted at a ratio of 1:1 into equity at Rs 50 each. The stock on Monday shot up by over 18 per cent to ...

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

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Markets (May 18)

Nifty (at close)	4,323.15(+651.50)
US Dollar (Buy/Sell)	47.88/89
Brent crude (a bbl) Rs	2,476
Gold (a gram) Rs	1,364
Silver (a kg) Rs	22,250

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