The Hindu Business Line : Friday, April 28, 2006

ONGC to assist Army in IT upgrade
Oil and Natural Gas Corporation Ltd will assist Military Engineer Services (MES) to upgrade their infotech system infrastructure. An MoU was inked between General Ranjit Singh, PVSM, SM, Engineer-in-Chief of the Indian Army, and Mr Subir Raha, ... More

ONGC not considering stock split now
ONGC, whose scrip has appreciated roughly by 60 per cent in value in the last two years, has not yet decided on a stock split. The Rs 10 face value scrip touched its 52-week high at Rs 1,400 today before closing at Rs 1,303 on the BSE. The ... More

ACCOUNTING STANDARDS

SAFA draws up a/c standards for SMEs
A common framework of accounting standards for small and medium enterprises (SMEs) in the SAARC (South Asian Association for Regional Cooperation) region is likely to be evolved over the next few months. A draft of the proposed framework was ... More

OVERSEAS BORROWINGS

Radico Khaitan to raise $100 m
Radico Khaitan Ltd today said that it plans to raise funds of up to $100 million by issue of FCCBs/GDRs/ADRs. The company, whose board today approved the proposal, plans to raise the funds for its expansion programme. Market ... More

Petronet LNG to raise $100 m; Q4 net jumps
Petronet LNG Ltd (PLL) on Thursday reported a net profit of Rs 66.14 crore in the fourth quarter ended March 31, 2006 against a profit of Rs 7.61 crore reported during same period last year. The company also said it would raise $100 million ... More

MERGERS & ACQUISITIONS

Suprajit Engg to buy UK co Carclo's cable biz
Will acquire Carclo's 50 pc stake in domestic jt venture More

IOC nets Rs 3,225 cr by diluting stake in ONGC
Amount to be used bolster liquidity position More

OVERSEAS INVESTMENTS

OVL sees 9 mt from overseas oil fields by 2010
ONGC Videsh Ltd, the overseas arm of ONGC, is expecting up to 9 million tonnes overseas oil and gas production by 2010. Speaking to reporters at the sidelines of a conference here on Thursday, ONGC Videsh Ltd (OVL), Managing Director, Mr R.S. ... More

TRADE & LABOUR UNIONS

Tata Toyo contract workers strike work; production hit
Contract workers with Tata Toyo Radiators, the Pune-based joint venture between Tata Autocomp Systems, Japan's Toyo Radiators and Mitsubishi Corporation Non Ferrous, have struck work for the last three days, throwing production at the company's ... More

ALLIANCES & JOINT VENTURES

ONGC invites Petrobras to invest in refining ventures
`Would also look at working together in third countries' More

Viva Brazil!
SHELL DEAL: (From left) Mr Subir Raha, Chairman & Managing Director, ONGC, with Mr Vikram Singh Mehta, Chairman, Shell Corporation in India, and Mr Guy Outen, Executive Vice-President, Business and Development, Shell, at the signing ceremony for More

SOCIETY & DEVELOPMENT

Healthy intervention
Ranbaxy's CSR initiative in the Dewas region near Indore. More

Unions to seek CSR rating of cos
Representatives from Pakistan, Sri Lanka, Bangladesh and Nepal along with delegates from India attended the meeting. More

SICK UNITS

Traco Cable on revival path
Bags Rs 55-cr order from KSEB More

OUTLOOK

Glenmark's asthma drug enters phase II trials
Glenmark's prospective asthma drug, Oglemilast (GRC 3886), has entered its second phase of human trials. The company's wholly owned Swiss subsidiary, Glenmark Pharmaceuticals SA, said Phase II trials were being done in the US by Forest ... More

Scoreboard
SE Diary