The Hindu Business Line : Thursday, September 03, 2009

CORPORATE

CORPORATE DISPUTES: RIL wants NTPC to settle gas sales and purchase pact
Requests Power Ministry to speed up the process. New Delhi, Sept. 2 Reliance Industries Ltd (RIL) has sought the Power Ministry’s intervention in concluding the gas sales and purchase agreement (GSPA) with public sector power utility ...

PERFORMANCE: Mahindra group reaches ‘360-degree credibility’
Communicating with investors is easier now, says Anand Mahindra. Mumbai, Sept. 2 Mr Anand Mahindra believes that the real difference in his group today lies in the fact that it has reached a critical mass ...

NEW BUSINESS: Kalpataru Power bags Rs 1,400-cr orders
...

ALLIANCES & JOINT VENTURES: Plextronics ties up with Acoris
...

RESTRUCTURING: Tata Motors to phase out 15 truck models by March
Mumbai, Sept. 2 Tata Motors will phase out 15 models in its commercial vehicle range by end-March keeping in mind the new emission standards effective April ...

NEW PROJECTS: Tata Steel to spend Rs 330 cr on transport facilities at iron ore mines
Installing railway rapid loading system at Joda and Noamundi. Kolkata, Sept. 2 Tata Steel is spending an estimated Rs 330 crore to boost transport and logistics-related facilities at its iron ore mines at Joda (Orissa) and ...

NEW BUSINESS: Ranbaxy to sell products of Daiichi Sankyo in Romania
Receives Govt order for generic Tamiflu. New Delhi, Sept 2 Terapia S.A., a subsidiary of Ranbaxy in Romania, will start marketing osteoporosis medication — Evista — on behalf of Japanese drug maker Daiichi Sankyo. This is the first ...

CORPORATE BONDS: Vivimed Labs buys back FCCBs worth $12.5 m
Hyderabad, Sept. 2 Vivimed Labs Ltd bought back and cancelled Foreign Currency Convertible Bonds (FCCBs) worth ...

CORPORATE DISPUTES: Maytas rescued
With the Company Law Board approving the induction of the nominees of Infrastructure Leasing and Financial Services (IL&FS) on the Board of Maytas Infra Ltd., the curtain comes down on the management restructuring of the ...

OUTLOOK: Maruti to decide on expansion at Manesar in the next few days
New Delhi, Sept. 2 Maruti Suzuki India will decide on expanding its Manesar, Haryana, plant in the next few ...

OVERSEAS INVESTMENTS: Shriram EPC arm to set up wind farm in Czech Republic
Chennai, Sept. 2 Orient Green Power Ltd, a subsidiary of Shriram EPC Ltd, plans to set up an 18 MW wind farm in the Czech Republic, Shriram EPC’s Managing Director, Mr T. Shivaraman, told ...

MERGERS & ACQUISITIONS: IL&FS makes open offer at Rs 112.8/share for Maytas Infra stake
Hyderabad, Sept. 2 IL&FS has fixed Rs 112.80 a share as the price for the open offer to acquire 20 per cent additional stake in Maytas Infra ...

MERGERS & ACQUISITIONS: German buy costs McNally Rs 78 cr
Kolkata, Sept. 2 The recent acquisition of German engineering company KHD Humboldt Wedag’s worldwide coal and minerals business and its manufacturing facility in Cologne has cost McNally Bharat Engineering Company Ltd (MBECL) $16 ...

SOCIETY & DEVELOPMENT: Solkar, Exnora to provide million solar lamps for the poor
Chennai, Sept 2 Solkar Solar Industry Ltd and Exnora International will jointly launch a programme to enable donation of one million solar powered lamps countrywide to ...

ALLIANCES & JOINT VENTURES: IOC to form venture with NPCIL
New Delhi, Sept. 2 Indian Oil Corporation Ltd (IOC) plans to sign a memorandum of understanding with Nuclear Power Corporation of India (NPCIL) for venturing into nuclear power generation business. Mr B.M. Bansal, Director (Planning and ...

NEW PROJECTS: Stone laying for NTPC-BHEL project put off to Sept 17
The proposed visit of the Prime Minister, Dr Manmohan Singh, to lay the foundation stone for the NTPC-BHEL joint venture power project at Mannavaram in Chittoor district of Andhra Pradesh has been put off to ...

OUTLOOK: Fortuner orders outstrip targets
Kolkata, Sept. 2 Toyota Kirloskar Motor Pvt Ltd is facing a problem of plenty. The bookings for the newly-launched SUV Fortuner, priced at around Rs 19 lakh, have exceeded the company’s expectations by nearly 50 per ...

NEW BUSINESS: Large-size orders beneficial to Pratibha
Pratibha Industries has belied fears of a slow down in order inflows by bagging a spate of large-sized projects in recent ...

PERFORMANCE: Bajaj rides on Discover in August
Bajaj Auto’s new 100cc Discover has been the best piece of news to the company in August with sales of 48,000 units in its first full month of launch. Overall motorcycle sales totalled 182,441 units which was four per cent up from ...

DIVIDEND ANNOUNCEMENT: Taj Kerala pays dividend to govt
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Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna

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Markets (Sept 2)

Nifty (at close)	4,608.35(-17)
US Dollar (Buy/Sell)	48.96/97
Brent crude (a bbl) Rs	3,361
Gold (a gram) Rs	1,418
Silver (a kg) Rs	25,630

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