The Hindu Business Line : Thursday, June 04, 2009

CORPORATE

OVERSEAS INVESTMENTS: RIL’s German arm files for insolvency
Mumbai, June 3 Reliance Industries’ German textile arm, Trevira, has filed for insolvency following business slowdown ...

OUTLOOK: Unichem looks to establish connection with consumers
Sees 15-20% growth in three years. Mumbai, June 3 Ask Dr Prakash Mody, Unichem’s Chairman and Managing Director, if the recent advertising by his company is a precursor to fund-raising, and he replies in the ...

NEW BUSINESS: Tata Motors bags a lion’s share of bus orders under JNNURM
Ashok Leyland gets orders for 3,200 vehicles. New Delhi, June 3 Tata Motors has bagged a lion’s share of bus orders under the Jawaharlal Nehru National Urban Renewal Mission ...

OUTLOOK: ONGC ready to push ahead with ultra deep drilling
PSU hires Reliance’s deepwater drill ship DD-KG1. Kolkata, June 3 After more than two years, ONGC feels it can now give a push to its ultra deep water drilling campaign in at least eight offshore exploratory oil and gas blocks – ...

RESEARCH & DEVELOPMENT: BHEL units in R&D pact with IIT-M
Chennai, June 3 Tiruchi and Ranipet units of Bharat Heavy Electricals Ltd (BHEL) have entered into an agreement with the Indian Institute of Technology, Madras (IIT) for industrial consultancy, sponsored research and joint ...

IPOS: OIL to file fresh draft prospectus
Oil India Ltd (OIL) may submit the fresh draft red herring prospectus in July for its rescheduled IPO. The company is planning to come out with IPO in September. “We are re-working the DRHP. We are likely to submit the revised DRHP for ...

DIVIDEND ANNOUNCEMENT: McLeod Russel full-year net jumps to Rs 88 cr
Company to pay 40% dividend. Kolkata, June 3 Riding high on improved performance, the board of McLeod Russel India Ltd, the largest producer of tea in the country, at a meeting here on Wednesday recommended 40 per cent dividend (Rs 2 per share ...

OUTLOOK: Patni eyeing next generation telecom tech
Focus on access via phones, better streaming of content. Hyderabad, June 3 Patni Computers is gearing up to take advantage of the potential demand for next generation telecom technologies such as fixed-mobile convergence and long-term ...

OUTLOOK: Tata Power to generate 5 MW from geothermal, solar plants in Gujarat
Gandhinagar, June 3 Tata Power Company Ltd plans to produce 5 MW of power, each from geothermal and solar power plants in Gujarat, with an investment of Rs 200 crore. It is exploring various options in this ...

CORPORATE GOVERNANCE: Minister wants ‘early warning system’ to check Satyam-like scams
New Delhi, June 3 Action seems to be the buzz word in the Ministry for Corporate ...

ALLIANCES & JOINT VENTURES: Aptech sells stake in China jt venture co
Mumbai, June 3 Education and training services company Aptech has successfully completed sale of its 50 per cent equity interest in joint venture company ...

NEW PROJECTS: Mann + Hummel Bosch setting up 2nd plant in Himachal
Bangalore, June 3 Auto filter company, Mann + Hummel Bosch is setting up its second plant in Himachal Pradesh with an investment of around Rs 112 crore for making ...

NEW PROJECTS: GVK Power to raise funds through QIBs
Hyderabad, June 3 GVK Power & Infrastructure Ltd is set to issue equity shares to Qualified Institutional Buyers (QIBs), both domestic and international, to meet the funding requirements for its various ...

FINANCIAL PERFORMANCE: DCM Shriram net zooms to Rs 80 cr
New Delhi, June 3 DCM Shriram Consolidated Ltd (DSCL) has reported a nearly 11 times jump in profits after tax (PAT), from Rs 7.48 crore to Rs 80.75 crore for the quarter ended March ...

DIVERSIFICATION: Lucas Indian Service enters organised car accessories market
New Delhi, June 3 TVS Group company, Lucas Indian Service has entered the organised car accessories market by setting up its first retail outlet in ...

ENVIRONMENT: Green initiatives
Bangalore, June 3 With efforts geared towards environmentally friendly practices globally, corporates seem to have realised that green measures will add up where they really matter: bottom line. Besides, green efforts generate a lot of ...

DIVIDEND ANNOUNCEMENT: Nava Bharat to pay Rs 8 dividend
Hyderabad, June 3 The board of Nava Bharat Ventures Ltd has recommended a dividend of Rs 8 on equity shares of Rs 2 each. This will result in outgo of Rs. 60.9 ...

PEOPLE: Correction
With reference to the photograph in the front page of the edition dated June 3, the designation of Dr S.K. Jain should read as Chairman and Managing Director of Nuclear Power Corporation of India and not as published. The error ...

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

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Markets (June 3)

Nifty (at close)	4,530.70(+5.45)
US Dollar (Buy/Sell)	47.07/08
Brent crude (a bbl) Rs	3,169
Gold (a gram) Rs	1,386
Silver (a kg) Rs	25,595

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