Business Daily from THE HINDU group of publications
Tuesday, June 30, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, June 30, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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RESTRUCTURING: Wockhardt to shed more non-core biz Mumbai, June 29 More non-core businesses will be sold in three to six months, the Wockhardt Chairman, Mr Habil Khorakiwala, told shareholders on ... TAXATION: Finance Bill may address tax issues of limited liability partnerships New Delhi, June 29 A limited liability partnership (LLP) is likely to be treated in the same way as a partnership firm for taxation purposes. The Finance Bill is expected to address the contentious issue of tax treatment ... OUTLOOK: GAIL eyeing for a stake in Bidadi Gas project Final prices would depend on backward linkages. Bangalore, June 29 GAIL (India) Ltd has initiated moves to pick up equity stake in the 1400-MW Bidadi Gas project promoted by the Karnataka State Power ... NEW PROJECTS: Delay in iron ore lease holds up Tata Steel’s Orissa project ‘Brownfield expansion at Jamshedpur will be completed on time’. Mumbai, June 29 A delay in allotment of the iron ore lease is holding up Tata Steel’s six million-tonne project at ... OVERSEAS INVESTMENTS: Jay Shree Tea eyeing acquisitions abroad Looking at opportunities in Uganda, Kenya. Jay Shree Tea & Industries Ltd is looking into opportunities, both within the country and outside, for acquisitions of tea ... ALLIANCES & JOINT VENTURES: GVK Bio in pact with Tokyo varsity GVK Biosciences has entered into an agreement with Dr Kimito Funatsu, University of Tokyo, on the use of chemical, biological and pharmacological information of G protein-coupled receptors (GPCR) database. According to the agreement, Dr Funatsu, ... SICK UNITS: KSTC in recast mode; revival scheme for mills The Kerala State Textile Corporation (KSTC) has embarked on a revival scheme for the textile mills under its fold at a total outlay of Rs ... FINANCIAL PERFORMANCE: Motherson Sumi Q4 net dips 64% on shrinking sales, forex losses Motherson Sumi Systems Ltd on Monday posted a decline in net profit and sales for the fourth quarter of the fiscal and the full year. Its consolidated sales and profit improved owing to its presence in diversified global ... ALLIANCES & JOINT VENTURES: Biocon ties up with Mylan of US for biogenerics Companies will share development, manufacture and supply costs. Biocon Ltd on Monday announced an exclusive collaboration with the US-based generic drugs major Mylan Inc to develop, manufacture, supply and commercialise many high-value generic ... NEW BUSINESS: Jain Irrigation bags Rs 158 cr mango pulp order Mumbai, June 29 Jain Irrigation Systems has bagged Rs 158 crore order for the supply of mango pulp to Coca-Cola in India and ... PERFORMANCE: TVS Motor hopes to gain from lower working capital Chennai, June 29 A near-doubling of interest costs ate into the 2008-09 profits of TVS Motor Company, but the company sees reasons to believe that the current year would see no repeat ... SOCIETY & DEVELOPMENT: Hetero donates oral H1N1 flu drug Hyderabad, June 29 Hetero Group has donated 50,000 bottles of paediatric Oseltamivir oral suspension powder (Fluvir), to the Centre to help children affected by the H1N1 ... NEW PROJECTS: Vijay Shanthi’s Lotus Pond project gets approval Chennai, June 29 Vijay Shanthi Builders Ltd has obtained the Director of Town and Country Planning approval for its Lotus Pond residential project, according to information provided by the developer to the stock ... TRADE & LABOUR UNIONS: RINL union assails divestment move Visakhapatnam, June 29 The Visakha Steel Workers’ Union, the recognised union in Rashtriya Ispat Nigam Ltd (RINL), has condemned the move of the Union Government and the management to take up disinvestment in the steel plant and ... FINANCIAL PERFORMANCE: Hotel Leelaventure doubles Q4 profit on bonds buyback Mumbai, June 29 Profits earned on the buyback of foreign currency convertible bonds of Rs 64.6 crore led Hotel Leelaventure’s net profit to more than double to Rs 67 crore for the quarter ended March 31, 2009, against Rs 29 crore in ...
FINANCIAL PERFORMANCE:
Orchid in red over forex, derivatives losses Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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