The Hindu Business Line : Saturday, August 08, 2009

CORPORATE

OUTLOOK: Nano’s first customers have best impression
ON THE ROAD. Mumbai, Aug. 7 Despite the claim of maximum speed of 105 km/hour for the Nano, Mr Ashish Balakrishnan, one of the first customers of the car could manage only 80-90 km. Mr Balakrishnan, who is yet to get a driving licence, relies on ...

NEW PROJECTS: Berger Paints setting up new project in South
Scouting for site in either TN or Karnataka. Kolkata, Aug. 7 Berger Paints India Ltd has decided to set up in the south a greenfield water-based decorative paint project with a capacity of about one lakh tonnes per annum ...

FINANCIAL PERFORMANCE: 2 lakh cos have not filed balance sheets/annual returns
New Delhi, Aug. 7 Over two lakh companies have failed to file balance sheets and annual returns during the last ...

EVENTS: Tata Steel plant’s Golden Jubilee
Tata Steel on Friday celebrated the Golden Jubilee of Sinter Plan 1 at its Jamshedpur Works. Mr B Muthuraman, Managing Director, Mr H M Nerurkar, Executive Director, and Mr Raghunath Pandey, President, Tata Workers’ Union, among others, ...

AUDITING: Kingfisher Air changed accounting treatment to show lower loss: Auditors
Kingfisher Airlines’ losses for 2008-09 would have been higher but for the changes in accounting treatment by the airline with respect to aircraft lease payments, according to ...

ANNOUNCEMENTS: Matrix launches cost-effective AIDS drug regimen
Once-daily intake of 4 ARVs for under $500 annually. Hyderabad, Aug. 7 Drug costs to fight HIV/AIDS are set to go down further thanks to the launch of a new, second line regimen by Matrix Labs and the ...

OUTLOOK: Bharat Fritz Werner beats slowdown with exports
Bangalore, Aug. 7 The prolonged uncertainty caused by the global meltdown since September 2008 was a testing time for corporates across the world. But some have managed by changing their strategy. For instance, machine tool manufacturer ...

NEW PROJECTS: APIIC allots 365 acres in Nellore to SBQ Steels
Hyderabad, Aug. 7 The Andhra Pradesh Industrial Infrastructure Corporation has allotted 365 acres of land for expansion of Integrated Steel Project of SBQ Steels in its industrial park at Ankalapatturu ...

CORPORATE DISPUTES: RNRL turning legal tangle into public issue: RIL
Mumbai, Aug. 7 Mr Anil Ambani’s public statements are a part of an orchestrated campaign designed to bring into public debate and prejudge the issues that are pending before the Supreme Court, said a statement issued by Mukesh ...

REGULATORY BODIES & RULINGS: Aurobindo relaxants get US nod
Hyderabad, Aug. 7 Aurobindo Pharma Ltd has received final approval from the US Food and Drug Administration for Carisoprodol tablet, a muscle ...

MERGERS & ACQUISITIONS: Reliance Power takes over Tilaiya
Anil Ambani Group firm Reliance Power on Friday formally took over Jharkhand Integrated Power Ltd, the Special Purpose Vehicle formed to implement the 4,000-MW Tilaiya Ultra Mega Power Project (UMPP). “With the addition of Tilaiya UMPP ...