The Hindu : Business News : Saturday, August 13, 2005

Briefly
BMW among FDI proposals cleared
NEW DELHI: The German auto major BMW's plan to invest Rs. 100 crore for an assembly unit at Chenglepet in Tamil Nadu in India was among the 30 FDI proposals worth Rs. 181.68 crore cleared by the Government on Friday. Most FDI proposals cleared by ...

Inflation slides further
NEW DELHI: The rate of inflation slid further to 3.84 per cent during the week ended July 30, the lowest since August 2003, from 4.07 per cent in the previous week even as the spurt in global oil prices to over $65 a barrel in recent days has ...

Santro price raised
CHENNAI: Hyundai Motor India, on Friday, increased the price of its flagship car Santro Xing by up to Rs. 11,000 across three variants. The Santro variants like Euro III Santro XK, XL and XG are to be affected by the price increase, which comes ...

TCS pays Rs. 3 per share interim
CHENNAI: Tata Consultancy Services (TCS) announced an interim dividend of Rs. 3 per share for the year ending 2005-06. The payout on account of the interim dividend will be Rs. 144 crore. The company distributed a total of Rs. 11.50 per share as ...

M & M's 60th anniversary offer for customers
CHENNAI: Mahindra and Mahindra has announced its 60th anniversary celebration offer. Customers purchasing any Mahindra automotive product can avail themselves of gifts, free services, extended warranties and discounts. The offer is open till ...

IIT title for R. P. Goenka
KOLKATA: The Indian Institute of Technology, Kharagpur, has decided to confer a Doctor of Science (Honoris Causa) on R. P. Goenka, "in recognition of his contribution to India business and management." The Kolkata-born Mr. Goenka was educated at ...

ICICI Venture invests in Sangam
CHENNAI: ICICI Venture Funds Management Company has made second investment of Rs. 42.50 crore in Sangam (India) from its Rs. 1,100 crore India Advantage Fund, according to a release. Sangam (India) is a manufacturer of PV dyed yarn and fabric. ...

HLL to amalgamate VDL with itself
MUMBAI: The board of directors of Hindsutan Lever Ltd (HLL) has approved the amalgamation of Vashisti Detergents (VDL) with itself effective from July 1. For every ten equity shares of Rs. 10 each of Vashisti Detergents, its shareholders would ...

BHEL bags Ethiopian order
NEW DELHI: : Bharat Heavy Electricals Limited (BHEL) has bagged an order worth Rs. 26 crore in Ethiopia. Outbidding Chinese and other multinational companies, the company has secured its first ever order from that country for setting up a 230 kV ...

Gujarat Ind. Power files draft prospectus
CHENNAI: Gujarat Industrial Power Company has filed its draft prospectus with SEBI. GIPCL is coming out with a public issue of Rs. 275 crore through book building process. The Lead Managers are Allianz Securities, Enam Financial Consultants, GSFC ...

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