The Hindu Business Line : Thursday, September 27, 2007

Nikon sets up 100% subsidiary here
New Delhi, Sept. 26 Japanese camera manufacturer Nikon Corporation has set up a fully owned subsidiary in India which would manage Indian and West Asian operations.“Nikon India Pvt Ltd, the 100 per cent subsidiary of the company, ... More

Infosys Q2 results on Oct 11
Infosys Technologies Ltd will announce the results for its second quarter ending September 30, 2007 on October 11, 2007. The results will also be available on the Infosys Web site, www.infosys.com, said a company press release. Following the ... More

CORPORATE DISPUTES
Haldia Petro: IOC awaits end to Govt-Chatterjee group tussle
More

DIVIDEND ANNOUNCEMENT
Himatsingka to pay 50% dividend
Himatsingka Seide Ltd has informed the BSE that the members at the company’s AGM on Wednesday approved 50 per cent dividend for the year ended March 31, 2007 on equity shares of Rs 5 each. It has also approved the re-appointment of Mr A.K. ... More

NEW BUSINESS
BHEL bags Rs 765-cr SAIL order
New Delhi, Sept. 26 Bharat Heavy Electricals Ltd (BHEL) on Wednesday announced it has bagged a Rs 765-crore order from Steel Authority of India Ltd (SAIL) for setting up a captive power plant in West Bengal. The project is one of the ... More

ENVIRONMENT
ITC social forestry project on greening of wastelands
Kolkata, Sept 26 ITC Ltd, in a bid to achieve ‘greening of wastelands’ through its ongoing social forestry programme executed by the Bhadrachalam Paper Division, has, as on September 15, reportedly promoted 74,427 hectares of ... More

HUMAN RESOURCES
ONGC to rehire 26 former executives
Finding hard to retain talent due to low salary structure More

MERGERS & ACQUISITIONS
Three signs of imminent fall
Only one in four acquisitions succeed in creating shareholder value, says Mr Chris Zook, author of Unstoppable (Harvard Business School Press, May 2007), citing a seven-year study conducted by Bain & Company, a global business and strategy ... More

Bretco sells stake in Monsanto India
Mumbai, Sept. 26 Bretco Holdings (Mauritius) Ltd sold 3.47 per cent of its stake in Monsanto India Ltd thereby reducing their stake from 30.59 per cent to 27.12 per cent. Bretco Holdings sold 3 lakh shares. Whereas, Monsanto Holdings ... More

NEW PROJECTS
Videocon plans semiconductor, LCD complex near Mumbai
Seeks 200 hectares from Maharashtra Govt More

Atlas Copco setting up new unit in Nashik
Pune, Sept 26 Atlas Copco (India) Ltd is setting up a new unit for the production of compactors and pavers at Nashik, and will invest Rs 17 crore in the project. The ground breaking ceremony for the project was performed by Mr Claes ... More

NGOs’ plea to shelve plan for alumina refineries
Visakhapatnam, Sept. 26 The Andhra Pradesh Government should immediately shelve two projects – alumina refineries proposed to be set up in Vizianagaram district by the Jindal group and inVisakhapatnam district by a Gulf company – ... More

OVERSEAS INVESTMENTS
ABB bags Rs 93-cr order
ABB India has won a Rs 93.3-crore order from KHD Humboldt Wedag GmbH, Germany, to provide a turnkey electrics and automation solution for a 5,000 tonnes per day capacity greenfield cement plant at Katrana in Jordan. The plant is being set up by ... More

ALLIANCES & JOINT VENTURES
EIH ends brand alliance with Hilton
To develop hotels under Trident independently More

Hindustan Aeronautics, Canadian co ink pact for copter simulator school
$55-m jt venture may begin operations late next year More

MRPL may opt for off-take pact for aromatic plant project
Mangalore, Sept. 26 Mangalore Refinery and Petrochemicals Ltd (MRPL) may opt for strategic partner for long-term product off-take agreement at its proposed aromatic plant in Mangalore SEZ Ltd. A special purpose vehicle — ONGC ... More

DIVERSIFICATION
Indiabulls applies for tele licence; DLF to follow
Real estate companies seem to have caught a fancy for telecom sector. After Unitech and Parsvnath, now Indiabulls and DLF Ltd are making plans to foray into the telecom services sector. While Indiabulls has put in its applications with the ... More

IMPACT
Impending dilution in Indiabulls Real Estate
Forays into retail, telecom calls for caution More

OUTLOOK
Arianespace bullish on Asia
Hyderabad, Sept. 26 Arianespace, the €1-billion turnover space launch services and solutions company has an order book of placing at least 50 large satellites, a significant number from Asia, in the next three years.The European ... More

JCB set to expand product portfolio
Mumbai, Sept. 26 JCB India, the 100 per cent subsidiary of JCB, is set to expand its product portfolio in its existing range of excavators and add new equipment for the domestic industry. The company, which has an existing range of ... More

Piaggio plans new variants in sub 2-tonne category
New Delhi, Sept.26 Piaggio Vehicles Pvt Ltd is gearing up to increase its offering in the light commercial vehicles (LCV) category. The company, which recently launched its pick up truck ‘Ape’ in South India, plans to ... More

DLF plans second IT park in Kolkata
Kolkata, Sept. 26 DLF Ltd plans to invest nearly Rs 700 crore to develop its second IT park in Kolkata. The proposed IT park will come up on 25 acres of land offering 2.5 million square feet of IT/ITES workspace, the company said in a notice ... More