The Hindu Business Line : Wednesday, August 29, 2007

ANNOUNCEMENTS
IOC pilot project to deliver LNG at doorstep
New Delhi, Aug.28 Indian Oil Corporation Ltd., (IOC) has commissioned pilot projects offering ‘LNG at the doorstep’ for use in captive power and industrial furnace applications. Liquefied natural gas (LNG), a cryogenic liquid fuel ... More

Panna-Mukta-Tapti jt venture to raise output from Sept
Kolkata, Aug. 28 Panna-Mukta-Tapti (PMT) joint venture will start producing an additional 5.5 million standard cubic metres of gas a day (mmscmd) beginning September 1. The additional capacity will be available from the expansion of Tapti ... More

PRIVATE PLACEMENT
Radaan Mediaworks looking at private equity funding
‘Keen on short films and low budget movies’ More

PREFERENTIAL ALLOTMENTS
Blackstone to invest Rs 615 cr for stake in Nagarjuna Const
Total share of FIIs in equity will go up to 44% More

Bombay Dyeing to raise Rs 300 cr
Bombay Dyeing today said it has got shareholders’ approval to raise about Rs 300 crore through issue of warrants, representing up to five per cent stake in the company, on preferential basis to its promoter company Bombay Burmah Trading ... More

DIVIDEND ANNOUNCEMENT
Gayatri Projects dividend payment
The board of directors of Gayatri Projects Ltd, a leading construction company based in Hyderabad, has recommended a dividend of 20 per cent for the financial year 2006-07, the company informed the BSE. “Gayatri has showed a growth rate of ... More

HUMAN RESOURCES
Stress on HR strategies to check attrition
Companies are faced with the challenge of keeping employees happy, motivated and gainfully employed, as attrition rates are rising in most of the industries, and therefore suitable human resource policies are need to be evolved and ... More

CORPORATE BONDS
‘Regulatory overlap hurts corp bond market growth’
New Delhi, Aug 28 Regulatory overlap and the ‘fear of finance’ among different government agencies are holding up the development of exchange-traded corporate bond market in the country, a senior Finance Ministry official has said. ... More

MERGERS & ACQUISITIONS
AI, Indian merger: ‘No cut in benefits for retired staff’
New Delhi, Aug 28 Retired Air India and Indian personnel can look forward to retaining the benefits and perks they enjoyed before the merger of the two state owned airlines was completed, the Chairman and Managing Director, Mr V. Thulasidas ... More

Elder Pharma acquires Bulgarian co for Rs 28 cr
Mumbai, Aug 28 Elder Pharmaceutical Ltd has acquired 51 per cent stake in Biomeda Group of Bulgaria in an all-cash deal worth €5 million (about Rs 28 crore).The deal comes a little over a month after Elder picked up 20 per cent ... More

NEW PROJECTS
Essar setting up power plant in Gujarat
Essar Group said on Tuesday that it would be setting up a 1,200-MW plant at Jamnagar in Gujarat at an estimated cost of Rs 4,800 crore. Essar Power (Gujarat) Ltd (EPGL) has entered into a 25-year power purchase agreement with the ... More

PowerGrid IPO price band fixed at Rs 44-52
Issue to hit market on Sept 10 for raising Rs 3,000 cr More

Trent plans Rs 65-crore capex
Mumbai, Aug. 28 The Tata group company Trent, well-known for its Westside chain of stores, has announced a capex of Rs 65 crore for the next year and Rs 250 crore for the next three years.“We will add four to five Westside stores in ... More

Prakash Ind signs pact with Chhattisgarh Govt
Rs 2,145-cr investment in steel, power plants planned More

ITC hiking capacity at Bolaram facility
Seeing a huge opportunity for environmental-friendly paper-based food packaging material in the West, the Paperboards and Specialty Papers Division of ITC has decided to invest Rs 35 crore by the year end at its Bolaram facility to increase ... More

IOC set to rope in Petronet for Ennore LNG project
Board gives approval; details to be worked out More

TRADE & LABOUR UNIONS
Dunlop staff stage demonstration
Chennai, Aug. 28 Workers, led by the Dunlop Factory Employees Union at the Dunlop’s factory in Ambattur, staged a demonstration here on Tuesday demanding the reopening of the facility.Dunlop India Ltd suspended production on ... More

ALLIANCES & JOINT VENTURES
Ipca, CDRI pact for malaria drug
Ipca Laboratories Ltd has entered into a collaborative-cum-licence agreement with Central Drug Research Institute (CDRI) for the further development of its compound 99/411, a promising synthetic substitute for malarial drugs based on Artemisinin. ... More

RIGHTS ISSUE
Exide raising Rs 150 cr through rights issue
Kolkata, Aug 28 Exide Industries Ltd announced on Tuesday its plans to raise Rs 150 crore through a 1:15 rights issue (that is one rights share for every 15 shares held). The issue is priced at Rs 30 per equity share of Re 1 face value. ... More

OUTLOOK
Sical Logistics entering freight forwarding
Chennai, Aug. 28 Sical Logistics will soon foray into freight forwarding and is open to acquiring a company in this sector, according to its Managing Director and Group CEO, Mr Sudhir Rangnekar.Freight forwarding (arranging cargo ... More

Adani Group to invest Rs 1,260 cr in container trains, rail-linked ICDs
Container depots planned at 10 places across the country More