The Hindu Business Line : Tuesday, May 13, 2008

ANNOUNCEMENTS
Nano rollout on schedule
Kolkata, May 12 Tata Motors’ small car Nano will roll out of the Singur factory during the latter part of calendar year 2008. A company official on Tuesday reiterated that the project was progressing according to schedule and the rollout ... More

Aurobindo plan gets S African nod
Aurobindo Pharma Ltd has received approvals from the Medicines Control Council (MCC) to manufacture and market nine products in South Africa. These products are estimated to have a generic market size of ZAR 165 million in South African currency ... More

Kewal Kiran raises Rs 80.6 cr
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CORPORATE BONDS
Kirloskar Ferrous converts warrants
Chennai: Kirloskar Ferrous Industries Ltd has informed the BSE that the board of directors of the company at its meeting held on May 10 has extinguished 18,435 detachable warrants and has allotted 18,435 equity shares of Rs 5 ... More

NEW PROJECTS
Graphite India to add 10,500 t at Durgapur plant
Kolkata, May 12 Graphite India Ltd will expand graphite electrode capacity by 10,500 tonnes at a cost of Rs 187.50 crore at its Durgapur plant.The company, the largest manufacturer of electrodes in the country, currently has a total ... More

‘Phase-2 of Simhadri power plant to be completed by 2011’
Visakhapatnam, May 12 The phase two of the Simhadri thermal power plant of the NTPC, adding two more units of 500 MW each, will be completed by 2011 and the additional power will be shared among the southern States, according to Mr A.N Dave, ... More

Hero Electric to invest Rs 80 cr for expansion
Kochi, May 12 Hero Electric, a 100 per cent subsidiary of the Hero Group, has announced an investment of Rs 80 crore to boost its electric vehicles manufacturing plant in Ludhiana, besides the development of an R&D facility. Mr ... More

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OVERSEAS INVESTMENTS
Veeda Oncology close to buying US clinical research unit
Deal likely to be sealed in the next 2-4 weeks More

Jindal, Antam form venture for nickel smelting, stainless steel unit
Construction activities to start in early-2009 More

NTPC eyes majority stake in Indonesian coal blocks
To meet shortfall in domestic supplies; deals likely by March 2009 More

Phillips Carbon doubles funds for Vietnam jt venture
Kolkata, May 12 Phillips Carbon Black Ltd, a RPG group company, has doubled the investment commitment in its Vietnam joint venture to Rs 300 crore from Rs 150 crore as the capacity for the plant has been raised to 1 lakh tonnes from 50,000 ... More

ALLIANCES & JOINT VENTURES
Bajaj-Renault-Nissan to drive small car by 2011
Mumbai/ Pune, May 12 The ‘ultra low cost’ car of the Bajaj-Renault-Nissan combine, which will compete with Tata’s Rs 1-lakh car, will be on the road by 2011, partners of the joint venture announced on Monday. Code ... More

Bajaj-Renault-Nissan takes up challenge of $2,500 car
Will work on synergies of production techniques, engineering skills More

Ranbaxy, Merck in pact for anti-infective drugs
New Delhi, May 12 Ranbaxy Laboratories on Monday announced it has signed a collaboration agreement with US-based Merck & Co for drug discovery and clinical development of products in the anti-infective field. Both would work to ... More

SOCIETY & DEVELOPMENT
Hind Zinc 32 model villages get ORG certification
Mumbai, May 12 Hindustan Zinc has received ORG (Operation Research Group) certification for facilities provided in 32 model villages in four districts of Rajasthan. The villages were developed by the company as Model Village Project is ... More

OUTLOOK
CIL e-auction may dip during May-July
Kolkata, May 12 Weak demand from brick makers may spoil Coal India’s plan to liquidate the huge 47-million-tonne pit-head inventory through increased e-auction offerings between May and July. “The slack season has set in the ... More

Mercator to invest Rs 4,000 cr
Mercator Lines has drawn up a Rs. 4,000-crore capital expenditure programme for the next two years to expand its fleet of ships to cash in on the growing dry bulk market and consolidate its presence in high-growth markets.The ... More

PERFORMANCE
IMPACT
IIP numbers resurrect concerns for India Inc
CII-ASCON survey also suggests moderation in growth More