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NEW PROJECTS: United Spirits to set up more distillation plants at Rs 1,250 cr
To end dependence on molasses. Bangalore, July 17 As part of its derisking strategy, United Spirits plans to move away from its dependence on molasses by converting existing distilleries of its associates into multi-feed ...

MERGERS & ACQUISITIONS: Maytas board to discuss biz plan
Hyderabad/New Delhi, July 17 The board of directors of Maytas Infra slated to meet here on Saturday is likely to discuss business strategy, financial issues and possibly consider sale of stake to ...

OUTLOOK: Exide Industries hopes to power ahead in industrial batteries
Bets on higher volume pick-up in the German market. Kolkata, July 17 At a time when the global market for industrial batteries has nearly halved leading to the closure of two of the largest battery-makers which were previously controlling 30 per ...

REGULATORY BODIES & RULINGS: CLB allows withdrawal of 4 Govt nominees from Mahindra Satyam
New Delhi, July 17 The Company Law Board (CLB) has allowed the Government to withdraw four of its six nominees on the board of Satyam Computer Services Ltd, now known as Mahindra ...

OUTLOOK: GVK open to change of partners for Hyderabad Metro
The GVK Group has confirmed participation in the fresh bidding for the Rs 12,132-crore Hyderabad Metro Rail Project, but was open to changing its consortium partners according to the new ...

NEW PRODUCTS & SERVICES: New Discover rolled out, to cost Rs 40,000
Mumbai, July 17 The 100cc Discover DTS-Si from the Bajaj Auto stable will sport a price tag of Rs 40,000 (ex-showroom ...

SOCIETY & DEVELOPMENT: GVK EMRI to expand to other States
GVK Group, which operates the Emergency Management and Research Institute (EMRI) in participation with the Andhra Pradesh Government, plans to extend its activities in Maharashtra, Punjab and Himachal ...

IPR: Novartis set to appeal move on Glivec
Mumbai, July 17 Novartis looks set to appeal the recent decision by the Intellectual Property Appellate Board (IPAB) against its cancer drug ...

ANNOUNCEMENTS: Hindalco shuts alloy wheel unit
Mumbai, July 17 Hindalco Industries, an Aditya Birla Group company, has shut down an aluminium alloy manufacturing plant located at Silvasa in Gujarat having a total capacity of three lakh wheels ...

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




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Markets (July 17)
Nifty (at close)4,374.95 (+143.55)
US Dollar (Buy/Sell)48.72/73
Brent crude (a bbl) Rs3,078
Gold (a gram) Rs1,377
Silver (a kg) Rs22,890

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