The Hindu Business Line : Saturday, April 19, 2008

DIVIDEND ANNOUNCEMENT
VST Ind to pay 200% dividend
VST Industries Ltd has decided to pay a dividend at Rs 20 for the year 2007-08 for every equity share of Rs 10 each. The company informed the stock exchanges that its Board of Directors at its meeting on Thursday recommended the dividend for the ... More

RESTRUCTURING
IOC revamping ailing explosives biz of IBP
Signs 5-year deal with Coal India for bulk supplies More

Percept consolidates group cos
Entertainment, media and communications company Percept, which operated under the name Percept Holdings – owning and operating 20 different companies in its sector — has renamed its lead operating and holding company as Percept Ltd. ... More

NEW PROJECTS
Phoenix Solar seeks to set up Rs 1,200-cr project
New Delhi, April 18 The Government has received an application from Phoenix Solar India for setting-up a Rs 1,200-crore solar PV cell and module project in the country, taking the total number of proposals under the new scheme for ... More

Greaves Cotton setting up engine plant in Chennai
Signs tech pact with Bomag GmbH of Germany More

Fuchs Lubricants to expand operations
Foundation laid for greenfield facility near Mumbai More

Venture Lighting to invest $27 m for India expansion
Chennai, April 18 Venture Lighting India Ltd, a wholly owned subsidiary of $270-million Venture Lighting International Inc of the US, plans to invest another $27 million in India for expansion and new facilities.The company manufactures ... More

OVERSEAS INVESTMENTS
GMR to pick up 50% in S African coal mine
After making an international foray in the aviation sector in March by bagging the Sabiha Gokcen Airport project in Istanbul, Turkey, the Bangalore-based GMR Group has struck a deal with the South African coal mine company Homeland Mining and ... More

ALLIANCES & JOINT VENTURES
Max India in talks with health insurers
New Delhi, April 18 Max India Ltd will soon add health insurance to its company’s portfolio of life insurance, healthcare, speciality packaging products, clinical trials and medical training. It is in talks with a few global players in ... More

DIVERSIFICATION
Oceanaa to enter retailing
Chennai, April 18 The Rs 500-crore Oceanaa group plans to enter retailing with a chain of stores under the brand ‘Fish ‘n’ Fresh’. The company is all set to open its first outlet, which is a 4,800 sq.ft. large-format ... More

Yash Birla group to foray into health, hospitality
Mumbai, April 18 The diversified Yash Birla Group is entering the health and hospitality segment in a big way, through various joint ventures to be announced in the coming weeks.Group company Birla Wellness signed a joint venture ... More

OUTLOOK
Britannia cutting costs to fight price rise
‘Rising input prices may put margins under pressure’ More