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Thursday, August 27, 2009
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NEW PROJECTS: Alstom plans metro rail coach facility in Sri City
Andhra Pradesh CM to announce details on Sept 9. Chennai, Aug. 26 French transportation major Alstom is planning to set up a metro rail coach factory near ...

OUTLOOK: Honda sees City sales zoom, thanks to Jazz
Mumbai, Aug. 26 Honda Siel Cars India believes that the Jazz has been the best piece of news from the viewpoint of boosting sales of the ...

ACCOUNTING STANDARDS: The information security road to biz process maturity
If your recall of 27001 is an old telephone number or a truncated postal code, you perhaps don’t belong to the information security field. For, the number 27001 jumps off from the site ...

STOCKS: Creeping increase in public holdings
The Finance Minister has walked the talk again. First he was true to his word by placing in the public domain the Direct Taxes Code and now he has asked all listed companies to achieve the stipulated 25 per cent public participation mark ...

NEW PROJECTS: TVS bikes to roll out of Mahabharat factory
Three-wheelers from the unit planned later. Hosur, Aug. 26 TVS Motor Company Ltd would roll out in two months two-wheelers from the Uluberia factory of Mahabharat Motors in West Bengal and the vehicles would be manufactured on contract basis, ...

ANNOUNCEMENTS: Shasun shuts plant in Cuddalore
Shasun Chemicals & Drugs has stopped operations of its multi-product facility in Cuddalore from August 25. The company informed the stock exchanges that it has received notice from the Tamil Nadu Pollution Control Board for closure of the ...

DIVIDEND ANNOUNCEMENT: Sundaram Clayton final dividend
Sundaram Clayton Ltd informed stock exchanges that the board of directors has recommended a final dividend of Re 1 per share, for 2008-09. The board earlier paid an interim dividend of Re 1 per share last December. With this the total dividend ...

OUTLOOK: Cairn’s Rajasthan oil to flow this week-end
Plans $1.2-b spend on development of the fields. Cairn India is all set to commence production from its $2-billion Rajasthan fields on August ...

OUTLOOK: Budweiser enters North Indian market
New Delhi, Aug 26 Global beer behemoth Anheuser-Busch InBev is expanding its footprint in India with the company earmarking $10 million (Rs 50 crore approx) to brew, market and distribute its brands in ...

PREFERENTIAL ALLOTMENTS: Gayatri Projects’ pref allotment to Reliance MF
To buy out Maytas stake in UP road project. Hyderabad, Aug. 26 Gayatri Projects today announced the allotment of one million equity shares of Rs 10 each at a premium of Rs 175 a share on a preferential basis to Reliance Mutual Fund raising Rs ...

NEW BUSINESS: New orders spell better days for Aban Offshore
Reduce concerns over co’s falling asset utilisation levels. The fortunes of Aban Offshore, the country’s largest offshore drilling services provider, may be turning, with its latest announcement regarding the procurement of rig ...

OUTLOOK: Exide bets on passenger car segment
Kolkata, Aug. 26 Bright prospects of battery demand from the passenger car segment may keep Exide Industries Ltd growing in the remainder of the current ...

CORPORATE DISPUTES: A matter of trust
Frank Crane once quoted: “You may be deceived if you trust too much, but you will live in torment if you do not trust enough.” This quote could be used by regulators and entities who use the services of the auditing profession. Over ...

PRIVATE PLACEMENT: Integreon to raise $80-100 m via PE
Mumbai, Aug. 26 Knowledge process outsourcing (KPO) company Integreon plans to raise around $80-100 million from private equity investors to fund its inorganic ...

IPR: No infringement of trademark, rules HC
WITCO plea dismissed. There was no infringement of trademark/service mark of WITCO (India) Pvt Ltd, Chennai, in any form, and the terms ‘Witco’ and ‘Nitco’ were different names, the Madras High Court ...

OUTLOOK: TVS sees 10-15% drop in rural business
Exports, which contributed 15 per cent of its total revenue, had also taken a hit this year due to shrinking of global demand, he said, pointing out that exports had so far declined by 10 per cent against 40 per cent growth last ...

OUTLOOK: Escorts to focus on eastern market
...

AWARDS & HONOURS: HEC bags Nuclear Society award
...

NEW PROJECTS: Allied Blenders to raise Rs 250 cr through IPO
Bangalore, Aug. 26 Kishore Chhabria’s Allied Blenders & Distillers (ABD) will finally go ahead with its IPO to raise about Rs 250 crore for funding its expansion plan which includes setting up of distilleries and launch of ...

SICK UNITS: Efforts to revive Cement Corp’s Adilabad unit
A meeting of Industrial Financial Reconstruction (IFR) has been convened on August 27 to explore the possibility of extending some relief measures aimed at reviving the ailing Cement Corporation of India (CCI) plant located in the ...

NEW BUSINESS: BEML bags Rs 215-cr Indonesian order
Earth moving equipment major BEML Ltd said it has bagged export orders worth $44 million (nearly Rs 215 crore) from two Indonesian coal mining companies for the supply of 127 ...

NEW BUSINESS: Samvardhana bags BMW, VW orders
...

ANNOUNCEMENTS: NTPC power for Chhattisgarh
...

ANNOUNCEMENTS: MRPL shutdown on power breakdown
The break-down in the power plant of Mangalore Refinery and Petrochemicals Ltd (MRPL) led to unscheduled shutdown of the refinery on Monday night. An MRPL spokesperson said that the operations at the refinery restarted from Wednesday morning. ...


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




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US Dollar (Buy/Sell)48.90/91
Brent crude (a bbl) Rs3,449
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Silver (a kg) Rs24,610

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