The Hindu Business Line : Saturday, October 03, 2009

CORPORATE

RESTRUCTURING: Without cement, Grasim’s earning structure may weaken
Mumbai, Oct. 2 The Aditya Birla group’s plan to spin off Grasim Industries’ cement business into a separate entity and merge it with its subsidiary, UltraTech Cement, could dilute the earnings potential of Grasim which derives ...

TRADE & LABOUR UNIONS: Labour unrest at Gurgaon-Manesar auto parts units continues
25,000-30,000 workers agitating for 6 days. New Delhi, Oct. 2 With a total of 25,000-30,000 workers of auto ancilliary units in the Gurgaon-Manesar belt agitating for around six days now, major auto companies depending on these units for ...

MERGERS & ACQUISITIONS: Merger with VW not to impact Porsche’s India operations
Mumbai, Oct. 2 Porsche’s India operations will remain independent even after the merger of its global parent with German car-maker Volkswagen, said Mr Rod Wallace, Managing Director, Precision Cars India, the exclusive importer of ...

PEOPLE: Prasada Rao, new CMD of BHEL
Mr B. Prasada Rao has taken over as the new Chairman and Managing Director of the state-run equipment major Bharat Heavy Electricals Ltd (BHEL). Mr Rao, 55, assumed charge as the new CMD on Thursday, BHEL said in a statement. He takes charge at ...

PEOPLE: Swine flu death in Vizag
An official of the Visakhapatnam Steel Plant succumbed to swine flu in the Government Hospital for chest diseases here on Friday. It was the first swine flu death reported in the city. Mr K.V.S. Jagadeeswara Rao, 39, a manager in the steel ...

COMPANY LAW: Cos Bill for more powers to Govt in probing offences
The new Companies Bill aims to totally change the manner of handling offences relating to ...

OUTLOOK: Rising captive use pushes Reliance to spot LNG market
Kolkata, Oct. 2 Increase in domestic natural gas production notwithstanding, spot LNG (liquefied natural gas) business continues to do well in India riding on growing demand from the country’s second largest natural gas producer, ...

OUTLOOK: Durgapur Steel plans to resume export of rail wheel sets
Kolkata, Oct. 2 Steel Authority of India Ltd’s Durgapur Steel Plant (DSP) is planning to resume export of railway ...

TRADE & LABOUR UNIONS: Chittivalasa jute mill still under lockout
The Chittivalasa jute mill at Tagarapuvalasa in Visakhapatnam district is still under lockout and no headway has been made in breaking the deadlock ...

PERFORMANCE: RINL achieves Rs 4,583-cr turnover
The Rashtriya Ispat Nigam Ltd (RINL) here has achieved sales turnover of Rs 4,583 crore from April to September, surpassing the MoU target by 10 per ...

PERFORMANCE: Bajaj 2-wheeler sales up 15% in Sept
Mumbai, Oct. 2 Bajaj Auto sold 2,49,795 two-wheelers in September, a 15 per cent jump from 2,18,494 units sold in the same month last ...

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

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Markets (Oct 01)

Nifty (at close)	5,077.95(-6.95)
US Dollar (Buy/Sell)	47.74/75
Brent crude (a bbl) Rs	3,250
Gold (a gram) Rs	1,458
Silver (a kg) Rs	27,710

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