The Hindu Business Line : Thursday, October 18, 2007

GSPC postpones pre-bid meet for K-G partner
GSPC has postponed its pre-bid conference for inclusion of a strategic partner in K-G basin offshore block by approximately two weeks to October 23 and 24. The conference was previously scheduled between October 10 and 13. Delay in ... More

DIVIDEND ANNOUNCEMENT
KSBC pays 400% dividend for 2004-05
Thiruvananthapuram, Oct 17 The Kerala State Beverages Corporation (KSBC) has declared a dividend of 400 per cent for 2004-05.The corporation handed over a cheque for Rs. 4.10 crore as dividend to the State Government on Wednesday. The ... More

NEW BUSINESS
McNally Bharat bags Rs 125-cr orders
McNally Bharat Engineering Company Ltd has informed the BSE that it has received an order from Garden Reach Shipbuilders & Engineers Ltd (GRSE) for design, manufacture, supply, erection, testing, commissioning and maintenance of a 250-tonne ... More

COURTS/LEGAL ISSUES
DLF did not define carpet area: MRTPC
New Delhi, Oct 17 The Monopolies and Restrictive Trade Practices Commission (MRTPC) has held that the real estate company DLF Universal Ltd indulged in an unfair trade practice by not disclosing to a complainant the basis of carpet area ... More

CORPORATE BONDS
Bartronics share allotment
Bartronics India Ltd has approved a resolution to allot 14.98 lakh equity shares on conversion of foreign currency convertible bonds (FCCBs) to Goldman Sachs International and others. These would be to Goldman Sachs International, Credit Suisse ... More

MERGERS & ACQUISITIONS
Ocimum Bio buys US co Gene Logic’s genomic biz
Funds to be used for charting growth plans More

CFCL accepts Temptation Foods bid
Temptation Foods Ltd has informed the BSE that the company, on October 17, submitted a binding bid to Chambal Fertilisers and Chemicals Ltd (CFCL) for acquisition of that company’s food processing unit. The bid has been accepted by CFCL. ... More

NEW PROJECTS
Reliance Petro may complete Jamnagar project next year
Mumbai, Oct. 17 Reliance Petroleum Ltd has spent Rs 21,975 crore until September 30, for its greenfield refinery project at Jamnagar, Gujarat. The work on the project is 70 per cent complete and the final completion is expected before ... More

POSCO withdraws staff from Jagatsinghpur office
Bhubaneswar, Oct 17 In the wake of the recent detention of four of its officials by those opposing its mega steel project, POSCO-India on Wednesday ordered withdrawal of its staff members from its project office in Jagatsinghpur district of ... More

Asahi’s plant starts production
Asahi India Glass Ltd has commenced commercial production of auto glass at its integrated glass plant at Roorkee in Uttarakhand State. Shares of the company closed at Rs 111.20, down 0.85 per cent, on the BSE on Wednesday. _ Our Bureau ... More

OVERSEAS INVESTMENTS
IOC may drop plans to set up refinery in Nigeria
Change in Nigerian Govt stand More

ALLIANCES & JOINT VENTURES
GAIL joining hands with RCF for gas project
Q2 net profit up 28% on better petrochem realisation More

EVENTS
Hind Unilever completes 75 years
Mumbai, Oct.17 Hindustan Unilever Ltd (HUL) has completed 75 years in India. Previously known as Lever Brothers India Limited, the company was incorporated on October 17, 1933. The start of the Platinum Jubilee year is being celebrated by ... More

DIVERSIFICATION
Nilkamal comes home
A major player in the plastic moulded furniture segment, Nilkamal now sets its sights on the burgeoning retail market. More

OUTLOOK
Hero Honda bullish on premium segment; launches 150 cc Hunk
New Delhi, Oct. 17 In an attempt to corner a higher share in the premium-bike segment, Hero Honda Motors Ltd has launched a bike in the category. “Premium-segment bikes still account for barely 14 per cent of the overall ... More

New compact car from Hyundai by year-end
Kochi, Oct. 17 The new compact car designed by Hyundai Motor India Ltd (HMIL), in the passenger car segment, will hit the roads by the end of this year, Mr Arvind Saxena, Vice-President, Sales and Marketing, HMIL, said. ... More

Seaways group expanding services, through acquisitions, chartering
Flags off new container vessel on maiden Singapore voyage More

Tamil Nadu is L&T’s first choice for port-cum-shipyard project
But further delays may push Rs 3,000-cr plan Gujarat’s way More

Tayo Rolls plans to raise capacity
Tayo Rolls Ltd has informed the BSE that it is expanding its cast roll capacity from 13,500 tonnes a year to 15,000 tonnes. The total roll making capacity of the company after the expansion, including forged rolls, would be 18,000 tonnes a year. ... More

DaimlerChrysler may zero in on Chennai or Pune for commercial vehicles plant
A high-level delegation visited the Chennai port to look at the infrastructure facilities available for import and export. More

Volvo conducting feasibility study
For Nissan Diesel heavy duty vehicles More