The Hindu Business Line : Saturday, December 31, 2005

SAIL heads told to take additional charges
STEEL Authority of India Ltd (SAIL) on Friday announced that two of its existing directors would be given additional charges of Durgapur and Rourkela steel plants from January 1. Managing directors of these two units are scheduled to retire on ... More

ONGC, Ministry standoff ends; sign MoU on production targets
ONGC officials maintained that there was no change in the MoU targets. The MoU is signed each year between the Government and the navratna company stipulating production targets for the year. More

TV18 promoter to transfer over 10 pc stake in Network 18
THE promoter of Television Eighteen Ltd, Mr Raghav Behl, has announced that he would voluntarily relinquish over 10 per cent stake in Network 18 (the new holding company), in favour of a trust for the benefit of TV18. A press release issued by ... More

RESTRUCTURING

Ruia Group plans revamp of Dunlop, Falcon Tyres boards
THE Ruia Group, which acquired Dunlop India Ltd (74.5 per cent) and Falcon Tyres Ltd (68 per cent) in November, is planning to go for a board recast in both the companies in February. Though the nominees of the erstwhile Dubai-based promoter, ... More

MERGERS & ACQUISITIONS

Third attempt by Sterling group to sell mobile biz
THE deal signed today with Maxis Communications Berhad of Malaysia is the third attempt by the C. Sivasankaran-promoted Sterling Infotech group to sell its mobile telephone business. In June 2004, it signed an agreement with Hutchison Essar, a ... More

NEW PROJECTS

IOC commissions 4th hydrocracker unit at Panipat Refinery
INDIAN Oil Corporation Ltd (IndianOil) on Friday said that it has successfully commissioned the hydrocracker unit at its Panipat Refinery. This is part of the ongoing refinery expansion project of IndianOil to double capacity from 6 to 12 ... More

ALLIANCES & JOINT VENTURES

Allahabad Bank in pact with tractor manufacturers
ALLAHABAD Bank has signed two separate memorandum of understanding (MoUs) with two tractor manufacturers, namely, Sane Deutz-Fahr India (P) Ltd and Standard Combines Pvt Ltd for financing their respective brands of tractors under a special ... More

INTERVIEW

Compulink eyes 30% profit growth
Mr Vishwas Mahajan, MD and CEO of Compulink Systems, says that the topline growth is seen at 40-45 per cent and growth in profit is at 25-30 per cent. He adds that the EPS will get a boost of about Rs 0.75-0.80 due to a saving in interest cost. ... More

SOCIETY & DEVELOPMENT

Tata group commits Rs 35 cr for tsunami-hit areas of TN
THE Tata Relief Committee (TRC), an organisation promoted by the Tata group for social service at times of natural disasters, is in advanced stage of rehabilitation work in the tsunami-affected areas in Tamil Nadu. At a presentation on the ... More

OUTLOOK

Thiru Arooran Sugars hopes to crush 50% more cane this year
THIRU Arooran Sugars Ltd expects to crush 50 per cent more sugarcane during the 2005-06 season as compared with the 2004-05 season. The company's Chairman and Managing Director, Mr Ram V. Tyagarajan, addressing shareholders at the annual ... More

Pepsi exploring to enter `white' beverages
"It would definitely be a value-added product where we could create a niche for ourselves." More

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