The Hindu Business Line : Wednesday, April 16, 2008

RESEARCH & DEVELOPMENT
CommLab is Unilever’s preferred vendor
CommLab India, a custom eLearning Solutions Company, has been selected as one of the preferred vendors of eLearning for Unilever R&D Academy. “The ability to meet Unilever’s stringent product specifications and to minimize the ... More

ANNOUNCEMENTS
RINL hikes steel price by Rs 6,000/t
New Delhi, April 15 Rashtriya Ispat Nigam Ltd on Tuesday increased prices of all its products by Rs 6,000 a tonne. Along with the existing excise duty of 14 per cent, RINL’s products would now be costlier by Rs 6,840 a tonne.This ... More

HTL land sale plan hits hurdles
Chennai/Delhi, April 15 HTL’s plan to sell a portion of its land to the Bangalore-based developer RMZ has hit a stumbling block following reports of the Tamil Nadu Government’s decision to buy back the land. According to a press ... More

Ucal promoters raise funds from IL&FS
The promoters of Ucal Fuel Systems Ltd have pledged 18 lakh shares of the company, amounting to 12.95 per cent of the equity, with IL&FS Financial Services Ltd. An announcement was made to the National Stock Exchange about the transaction. ... More

ACCOUNTING STANDARDS
Recognising hedging losses, a matter of prudence: ICAI
Chennai, April 15 While concerns are being raised by sections of the industry and media because Indian companies perhaps could get away by not reporting losses on derivative contracts in case the deals are classified as ‘not ... More

PREFERENTIAL ALLOTMENTS
Greycells pref allotment
Greycells Entertainment Ltd said that the members at the extra ordinary general meeting (EGM) of the company held on March 25 have accorded the board to create, offer, issue and allot up to 5,40,000 equity shares of Rs 10 each at a price of Rs ... More

OVERSEAS BORROWINGS
Hathway Cable gets Govt nod for debenture issue
New Delhi, April 15 Hathway Cable & Datacom Ltd, which plans to raise its foreign holding to 42.13 per cent by issuing compulsorily convertible debentures (CCDs) to Infrastructure India Holdings Fund (IIHF) and Morgan Stanley Asia, has ... More

GSPC seeks RBI nod to raise $325 m abroad
Funds to be used in KG basin asset More

NEW BUSINESS
L&T to develop Bombay Dyeing complexes
Rs 2,000-cr project in Mumbai More

Maytas Infra bags Godavari project
More

IPR
Ranbaxy settles patent issue with AstraZeneca
Enters more pacts; expects over $1 b revenues More

MERGERS & ACQUISITIONS
Nicholas Piramal buys two brands for Rs 116 cr
Nicholas Piramal India Ltd and Khandelwal Laboratories Pvt Ltd have signed and agreement for the purchase of anti-spasmodic Anafortan and antibiotic CEFI brands of K-Lab for a total consideration of Rs 116 crore. K-Lab has agreed to ... More

NEW PROJECTS
ITC in talks to get 40 acres
ITC Ltd plans to invest Rs 300 crore to build a new food processing plant in eastern India, an ITC spokesman said here on Tuesday. The food-processing unit would help the company expand its snacks foods business in the eastern region. “We ... More

Ceat to invest Rs 1,000 cr in new plants, R&D facility
Scouting for land to set up radial plant More

ALLIANCES & JOINT VENTURES
L&T, TN Govt join hands for ship building, port facility
Rs 3,068–crore facility to be completed in two years More

Iris Manufacturing scouting for partner to make tools
More

IMPACT
Ranbaxy: Nexium deal gives certainty
Revenues could come as early as 2010 More

BBC, Radio Misty tie up
BBC’s“The alliance with the BBC is a major boost in our station’s efforts to offer quality content and entertainment to our listeners. The BBC programmes will keep the listeners in North Bengal and Sikkim updated about sports ... More

SOCIETY & DEVELOPMENT
Vasavi Prosoft’s CSR activities
Vasavi Prosoft Transcription Ltd has earmarked Rs 1 core towards various corporate social responsibility (CSR) activities. “Our intention is to see that more SMEs are encouraged with these activities and join the society with several other ... More

OUTLOOK
Pfizer to bring in cardiac, anti-infective drug this year
‘Products are not under patent protection’ More

China Gas in talks with GAIL for CBM projects
New Delhi, April 15 China Gas Holdings Ltd is in talks with GAIL (India) Ltd and Australia’s Arrow Energy for jointly developing coal bed methane (CBM) projects in China. Speaking to newspersons at the sidelines of the fifth Asia ... More

BEL to hire consultant for biz strategies revamp
Eyes Rs 4,850-cr sales in 2008-09 More

Toshiba expects India to account for $1 b revenue by 2015
Mumbai, March 15 Electronic products conglomerate Toshiba Corporation expects India to account for $1 billion of the company’s overall revenues by 2015. In order to achieve this, the company will increase its market share from ... More