The Hindu Business Line : Tuesday, December 20, 2005

Aurobindo gets 6 ARVs WHO pre-qualified
AUROBINDO Pharma Ltd (APL) has got six more of its ARV (anti retro viral) products onto the World Health Organisation (WHO) pre-qualification list. The products included are: Efavirenz tablets - 600 mg; Lamivudine oral solution - 10 mg/ml; ... More

L&T pockets Rs 1,300-cr order from ONGC
LARSEN & Toubro has secured another large order from ONGC, this time a turnkey order valued at around Rs 1,300 crore. Last month, the company had won a turnkey project worth Rs 1,000 crore from ONGC for construction of well head platforms for ... More

Actis sells trading unit of Nitrex to Danish firm
PRIVATE equity player Actis has sold the trading division of Nitrex Chemicals, a major player in the domestic nitrocellulose market, to EAC Industrial Ingredients, which is owned by Danish firm East Asiatic Co AS, for an undisclosed amount. ... More

Hyundai hikes Santro prices
HYUNDAI Motor India has hiked the prices of its flagship Santro compact car by Rs 7000-12,000 across all the four variants citing cost push factors. The price hike, applicable with immediate effect, has been necessitated by a variety of ... More

TVS Motor launches 150 cc `Apache' — Targets sales of 25,000 units a month
TVS Motor Co today launched Apache, a 150 cc motorcycle, which in the words of its Chairman and Managing Director, Mr Venu Srinivasan, is "the spirit of the youth and the new spirit of TVS." Priced at Rs 52,490 ex-showroom Chennai, the company ... More

Ramsarup Industries plans foray into T&D biz
THE city-based Ramsarup Industries Ltd has plans to enter the power transmission and distribution business within the next two years. According to Mr Ashish Jhunjhunwala, Chairman-cum-Managing Director, of Ramsarup Industries, a large portion ... More

Taj Business Hotels repositions coffee shops
THE Taj Business Hotels is repositioning its coffee shops, starting with The Verandah at the Taj Connemara, as part of a renovation programme. The new concept includes introduction of a contemporary mix of cuisines - at The Verandah it would ... More

ICSA secures Rs 20-cr order

PREFERENTIAL ALLOTMENTS

TAC to issue shares to South Indian Bank
TUTICORIN Alkali Chemicals & Fertilisers Ltd (TAC) has informed the stock exchanges that the Board of Directors of the company at its meeting held on Monday has approved issue of 5,62,430 equity shares with face value of Rs 10/- each on ... More

AWARDS & HONOURS

Excellence award for Lucas TVS
CHENNAI: Auto electrical major Lucas TVS has bagged the Frost & Sullivan's India Manufacturing Excellence Awards for 2005. Lucas-TVS has won recognition in three categories namely: The Corporate Platinum Award, The Overall Platinum ... More

INSIGHT

Root cause of talent poaching
OFTEN, we come across hiring managers complaining about talent poaching by their competition. An easy hire would be to make a +10 per cent offer to the people and woo them to your side. The same holds good for your ... More

MERGERS & ACQUISITIONS

Rain group to buy US calcined coke outfit for Rs 500 cr
THE Rain group — comprising Rain Calcining Ltd and Rain Commodities — has struck a Rs 500-crore deal to buy a calcined coke outfit in the US. According to the group sources, an announcement to this effect is likely to be made to ... More

`India witness to heightened M&A activity'
INDIA witnessed 52 per cent rise in the number of deals over 2004 which saw 163 inbound acquisitions valued at $2.83 billion, according to a KPMG survey on mergers and acquisitions (M&A). The largest inbound deal in 2005 was the acquisition of .. More

Sona Group approves merger of two cos
SONA Group has approved a proposal to merge two group companies Sona Somic Lemforder Ltd (SSL) with Sona Cold Forgings Ltd. "The synergies of the merger will benefit both the companies. The board of the two companies met today and approved the ... More

NEW PROJECTS

JK Cement plans integrated greenfield plant in Karnataka — A joint venture partner may be roped in
MR Yadhupati Singhania, promoter of the Kanpur-based JK Cement Ltd, is planning to set up an integrated greenfield cement plant of three million tonnes per annum capacity in Karnataka. A senior official of JK Cement said that, if needed, a ... More

ALLIANCES & JOINT VENTURES

Tata Daewoo signs pact with Pak firm
TATA Daewoo Commercial Vehicles Company Ltd (TDCV) has signed a technical assistance agreement with Afzal Motors (Pvt) Ltd of Pakistan for the assembly of TDCV vehicles in Pakistan, an official statement said on Monday. Mr K.O. Chae, President, ... More

INTERVIEW

`Investments in Western region beginning to pay off'
BHARTI Tele-Ventures Ltd, the last entrant in the Western region, is poised to scale the 5-million customers mark over the next six months, up 1.5 million from 3.5 million customers now. In revenue terms, the region will account for nearly 25 ... More

SICK UNITS

NTC arm to take joint venture route for revamp
THOUGH the administration of National Textile Corporation (NTC) in Tamil Nadu says that Coimbatore Spinning and Weaving Mills (CS and W), one of the NTC mills here slated for revival, would be resuscitated under the NTC's own initiative, the ... More

OUTLOOK

People Interactive hopeful of Rs 100-cr growth by next year
PEOPLE Interactive, which owns Web sites such as Shaadi.com, Mauj and Fropper, is expecting a Rs 100 crore growth by next year through its brick and mortar matrimonial bureaus, Shaadi Point. Mr Anupam Mittal, Managing Director and Chairman, ... More

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