The Hindu Business Line : Thursday, October 15, 2009

CORPORATE

OUTLOOK: Crude oil rise no cause for panic, yet
Refiners say there is no reason to increase fuel prices at this point. Mumbai, Oct. 14 Even while crude touched $75 a barrel on Wednesday, oil sector executives in India reiterated there is no cause for alarm on the fuel ...

ACCOUNTANCY: ICAI seeks RCom data before action on auditor
No accounting irregularity or discrepancy, says telecom firm. The Institute of Chartered Accountants of India (ICAI) said on Wednesday that it has sought details on reports of alleged discrepancies in the books of the Anil Dhirubhai Ambani ...

ANNOUNCEMENTS: Glenmark Generics to stop selling codeine sulphate in US
Says not a recall but acting on drug regulator’s warning. Mumbai, Oct. 14 Drug-maker Glenmark Generics will stop selling codeine sulphate tablets in the US in step with the timelines indicated by the US regulator Food and Drug ...

AWARDS & HONOURS: Solar Semiconductor wins award
Solar Semiconductor, a solar photovoltaic modules manufacturer and systems integrators, has bagged the award of “Best organisation supporting quality circles” at the 22nd Annual Chapter Conventions of Quality Circles, organised ...

OVERSEAS BORROWINGS: Cairn India completes $1.6 b financing for Rajasthan project
New Delhi, Oct. 14 Cairn India has completed financing arrangements for $1.6 billion for funding its Rajasthan project. In a statement issued here, the company said the borrowings were of a long-term nature with tenure of six ...

OVERSEAS BORROWINGS: GVK Power to raise Rs 1,800 cr for buys
Hyderabad, Oct. 14 The board of GVK Power & Infrastructure Ltd (GVKPIL) on Wednesday passed a resolution that will enable the company raise up to Rs 1,800 crore for potential ...

SICK UNITS: APIDC to be revived
Hyderabad, Oct. 14 The Andhra Pradesh Government has decided to revive the State–owned APIDC by assigning it a catalytic role being a facilitator for small and medium-sized ...

NEW BUSINESS: L&T gets orders worth Rs 966 cr
Mumbai, Oct. 14 Larsen & Toubro (L&T) has bagged order worth Rs 966 crore in the construction-related sector from Sterlite Industries, Uttar Pradesh Jal Nigam and Gujarat ...

ALLIANCES & JOINT VENTURES: Coal India, NTPC form joint venture
New Delhi, Oct. 14 State-owned NTPC has formed a 50:50 joint venture with Coal India Ltd for developing the Brahmini and Chichro Patsimal coal mine blocks to meet the coal requirements of the former’s Farakka and Kahlagaon ...

PEOPLE: NSL appoints CEO for textiles division
...

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

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Markets (Oct 14)

Nifty (at close)	5,118.20(+63.95)
US Dollar (Buy/Sell)	46.13/14
Brent crude (a bbl) Rs	3,360
Gold (a gram) Rs	1,495
Silver (a kg) Rs	28,680

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