India Business Insight articles from July 2006, page 3

India Business Insight archives from July 2006

PUNJ LLOYD ACQUIRES CONSTRUCTION CO IN SINGAPORE -INTERNATIONAL (company has acquired 88% stake in SembCorp and will acquire the remaining 12% by Dec 2007).
July 31, 2006... (From India Business Insight) Punj Lloyd has acquired an 88-percent stake in the Rs100- crore SembCorp Engineers from Singapore. The acquisition operations were carried out by the company's 100-percent subsidiary, Punj Lloyd Pvt Ltd...

RAK CERAMICS TO START PRODUCTION SOON (plant will start manufacturing 20,000 square metres of ceramic tiles every day).
July 31, 2006... (From India Business Insight) RAK Ceramics, a Rs255-crore company has set up its plant in Peddapuram, East Godavari district. The plant will start commercial production in Jun 2006. The plant will start producing 20,000 square metres...

TTK PRESTIGE CHALKS OUT Rs25 CR CAPEX PLAN (company is setting up a facility in Uttaranchal, which will manufacture eight lakh cookers).
July 31, 2006... (From India Business Insight) TTK Prestige from Bangalore will invest Rs75 crore for increasing its production capacity and strengthening its brand in India. The company is setting up a facility in Uttaranchal. The company will invest...

UNITED BANK PLANS 50 NEW BRANCHES (bank will focus on opening branches in the northern and central states of India).
July 31, 2006... (From India Business Insight) United Bank of India is planning to open 50 new branches in 2006-2007. The bank has sought permission from Reserve Bank of India to open the branches. The bank will open 26 branches in northern states...

HALDIA PETRO TO EXPAND CAPACITY BY 28% (HPL will invest Rs650 crore to implement its expansion plans).
July 31, 2006... (From India Business Insight) The Haldia Petrochemicals Ltd (HPL) has embarked on an expansion project plan for adding 28 percent to its capacity. HPL will invest Rs650 crore to meet its expansion plans. The company will procure...

LIFETIME HEALTHCARE TO SPEND Rs40 crore on expansion (company will open 800 LifeKen outlets by 2009-2010).
July 31, 2006... (From India Business Insight) Lifetime Healthcare Ltd will invest Rs40 crore to increase the number of pharmacy outlets from 30 to 200. The company has pharmacy outlets called LifeKen in Bangalore and Chennai. Capital for the...

WESTERN INDIA TO GET SURPLUS POWER FROM NEW PROJECT (project will be implemented by PowerGrid Corporation of India and completed within 36 months).
July 31, 2006... (From India Business Insight) The Cabinet Committee on Economic Affairs, Government of India has approved a Rs8.03-billion project. The project involves transfer of excess power from the western region of India to the eastern region....

KEC BAGS BILLION DOLLAR ORDER (company has bagged two orders worth Rs19.80 billion from PowerGrid Corporation of India).
July 31, 2006... (From India Business Insight) KEC International Ltd is a part of the Kolkata-based Rs950- billion RPG Enterprises. The company has acquired two orders worth Rs19.80 billion from PowerGrid Corporation of India. The first order...

TVS-SIEMENS CONSORTIUM BAGS HYDERABAD AIRPORT PROJECT (TVS Interconnected Systems develop a telecom network for Hyderabad International Airport).
July 31, 2006... (From India Business Insight) The TVS Group and Siemens Information Systems have grouped to form the TVS Interconnected Systems. The company has been chosen to develop a structural telecom backbone network for the Hyderabad...

INDU PROJECTS TO DILUTE EQUITY TO RAISE FUNDS (company will sell 8.5 percent of its equity to raise Rs150 crore).
July 31, 2006... (From India Business Insight) Indu Projects is a Rs312-crore infrastructure development company from Hyderabad. The company is working on projects valued at Rs6,000 crore. The company is planning to sell 8.5 percent of its equity to...

AIR INDIA TO SPEND Rs220 CRORE FOR BETTER SEATS (Avia Interiors will install luxury seats in the 777 series planes).
July 31, 2006... (From India Business Insight) Air-India has awarded a Rs220-crore contract to Avia Interiors. The Italian company specialises in manufacturing seat and cabin furnishings. The airline has planned to improve the facilities and seating in...

ECONOMIES THROUGH INFRASTRUCTURE: CIVIL AVIATION (investment of Rs40,000 crore has been earmarked for the modernisation of airports).
July 31, 2006... (From India Business Insight) The Government of India has allowed private participation in the aviation infrastructure sector. The airports in Delhi, Mumbai, Chennai and Kolkata will be restructured through long-term lease. A joint...

ECONOMIES THROUGH INFRASTRUCTURE: PORTS (government has allocated Rs7.4 billion for the shipping sector).
July 31, 2006... (From India Business Insight) The Government of India has allocated Rs7.4 billion for the shipping sector. National Maritime Development Programme (NMDP) has approved 101 projects which cover inland waterways, shipping and ports,...

ECONOMIES THROUGH INFRASTRUCTURE: POWER AND ELECTRICITY (there are currently 82 power projects being planned, which will generate 33,000 MW).
July 31, 2006... (From India Business Insight) Production of electricity stood at 617.38 billion kWh in 2005-2006 (increase of 5.1 percent over 2004-2005). The demand for power has grown simultaneously by 4.32 percent. There are currently five ultra...

ECONOMIES THROUGH INFRASTRUCTURE: ROADS (NHDP phase one will connect the Golden Quadrilateral covering 5,846 kilometres or the four metros).
July 31, 2006... (From India Business Insight) The Ministry of Finance, Government of India has increased budgetary support for the National Highways Development Programme, from Rs9,230 crore to Rs9,945 crore. The Government of India has taken up the...

ECONOMIES THROUGH INFRASTRUCTURE: RAILWAYS (financial budget for 2006-2007 has projected a requirement of Rs40.92 billion for railway projects).
July 31, 2006... (From India Business Insight) The Government of India will launch Jawaharlal Nehru National Urban Renewal Mission. The mission will cover about 60 cities with population of over a million. The venture will focus on the integrated...

ECONOMIES THROUGH INFRASTRUCTURE: TELECOMMUNICATIONS (number of subscribers grew by 103 percent taking up the number of mobile connections to 377 lakhs in 2005-2006).
July 31, 2006... (From India Business Insight) The telecommunication network in India has come out with innovative plans like lifetime validity, OneIndia plan and reduced tariff charges. This has taken the subscriber base up in a short period of time,...

COMMODITIES: CHANA/CHICKPEA (India imports 3-4 lakh tonnes of chickpea a year from Canada, Australia, Iran and Myanmar).
July 31, 2006... (From India Business Insight) India produces four to seven million tonnes of chickpeas, constituting 40 percent of Indian pulse production. India produces 12-15 million tonnes of pulse every year. India imports 3-4 lakh tonnes of...

STOCK IDEAS: STERLITE INDUSTRIES LTD (has recorded sales of Rs7,503.9 crore for 2005-2006).
July 31, 2006... (From India Business Insight) Sterlite Industries (Sterlite) has recorded sales of Rs2,515.4 crore for the quarter to the end of Mar 2006 and Rs7,503.9 crore for 2005-2006 (Rs3,991.65 crore during 2004- 2005). The company has earned a...

STOCK IDEAS: GHCL LTD (has recorded sales of Rs477.3 crore for 2005-2006).
July 31, 2006... (From India Business Insight) GHCL Ltd has recorded sales of Rs243.98 crore for the quarter to the end of Mar 2006 and Rs477.3 crore for 2005- 2006 (Rs525.24 crore during 2004-2005). The company has earned profits after tax of...

STOCK IDEAS: BATA INDIA (has recorded sales Rs706.75 crore for 2005-2006).
July 31, 2006... (From India Business Insight) Bata India has recorded sales of Rs165.13 crore for the quarter to Mar 2006 and Rs706.75 crore for 2005-2006 (Rs694.05 crore during 2004-2005). The company has earned a profit after tax of Rs12.49 crore...

GUJARAT NRE COKE (has recorded sales of Rs553.74 crore for 2005-2006).
July 31, 2006... (From India Business Insight) Gujarat NRE Coke has recorded sales of Rs83.95 crore for the quarter ended Mar 2006 and Rs553.74 crore for 2005-2006 (Rs285.21 crore during 2004-2005). The company has earned profit after tax of...

CICADA STRETCHES ACROSS KARNATAKA (proposes to operate 6 resorts by the end of 2007).
July 31, 2006... (From India Business Insight) The Cicada group proposes to operate 6 resorts by the end of 2007. It will open Cicada Bandipur and Cicada Bhadra with about 20 rooms each by early 2007. The group is also renovating the Cicada Kabini in...

INDIAN COFFEE RETAILERS BREW GLOBAL AMBITIONS (Cafe Coffee Day and Barista Coffee Company propose to expand their operations in international markets).
July 31, 2006... (From India Business Insight) Indian coffee retailers Cafe Coffee Day and Barista Coffee Company intend to expand their operations abroad. International markets are more lucrative than the domestic market, attracting Indian manufacturers....

CLARIDGES BUYS OUT UPPAL'S HILL VIEW (which will be renovated and operational by the end of 2008).
July 31, 2006... (From India Business Insight) The Claridges group has purchased the Hotel Hill View in the National Capital Region of Delhi from the Uppal group and is now going to construct another hotel near it. The Hill View property will be...

ORANGE COUNTY KEEN TO TAP KARNATAKA POTENTIAL (has invested Rs120 crore in acquiring lands in Hampi, Karwar, Kumbalagodu and other places).
July 31, 2006... (From India Business Insight) The Orange County Resorts and Hotels has invested Rs120 crore in acquiring lands in Hampi, Karwar Kumbalagodu and other places. The Orange County Kabini is scheduled to be open by Dec 2006. The hotel will...

MAHINDRA HOLIDAYS PLANS TO GO GLOBAL (proposes to set up a boutique resort of about 60 rooms with an investment of about Rs30 crore overseas).
July 31, 2006... (From India Business Insight) Mahindra Holidays and Resorts (MHR) proposes an overseas boutique resort of about 60 rooms with an investment of around Rs30 crore. The group will settle on one of the nearby countries of Thailand, Malaysia...

VCI TO FORAY INTO SERVICE APARTMENTS (will set up 50 service apartments by investing about Rs60 lakh per apartment).
July 31, 2006... (From India Business Insight) Vacation Club International (VCI) proposes to venture into the service apartments sector with its new company VCI Consulting Ltd. VCI will invest about Rs60 lakh per apartment and will initially set up 50...

LEMON TREE HOTELS ENTERS LOW BUDGET SEGMENT (will invest Rs900 crore in expansions, of which Rs250-325 crore will be allocated for 30 Red Fox hotels).
July 31, 2006... (From India Business Insight) Lemon Tree Hotels is expanding its properties and also entering into the low budget market with its new brand, Red Fox. It will invest Rs900 crore in overall expansions, of which Rs250-325 crore will be...

REDINGTON MARKS ENTRY INTO CONSUMER ELECTRONICS WITH LG (has earned a turnover of Rs4,107 crore in 2005-2006 and Rs8 crore from the LG Electronics business).
July 31, 2006... (From India Business Insight) Redington (India) Ltd of Chennai is expanding its distribution business in India. Apart from its existing information technology business, the company has signed up with LG Electronics for consumer...

PUREVIEW BEGINS LOCAL MANUFACTURING OF LCD MONITORS (facility uses 59 indigenous raw materials and imports only the LCD panel and logic board).
July 31, 2006... (From India Business Insight) Pureview Technologies (PT) has started manufacturing LCD monitors in Pondicherry. The capacity of the facility is currently one lakh units a year. The facility uses 59 indigenous raw materials and...

MAFCOCOS, INTEL JOIN HANDS TO DEPLOY 10,000 COMMUNITY PCs (will jointly promote adoption of information technology solutions in India).
July 31, 2006... (From India Business Insight) Maharashtra State Federation Co-operative Credit Societies (MAFCOCOS) has signed a memorandum of understanding (MoU) with Intel Technology India to take computing technology to the next level. According to...

SES TO DISTRIBUTE PUREVIEW LCD MONITORS (will distribute LCD monitors of Pureview Technologies through its 30 branches and 3,000 channel partners).
July 31, 2006... (From India Business Insight) SES Technologies (SES) has been appointed as the national distributor by Pureview Technologies (PT). SES will distribute the LCD monitors of PT through its 30 branches and 3,000 channel partners. It will...

ASUS GETS AGGRESSIVE WITH LAPTOPS (has launched a new notebook, F3J and aims to be the fifth among the topmost slots in notebooks by 2008).
July 31, 2006... (From India Business Insight) Asus India (Asus) has launched a new notebook, F3J and aims to attain the fifth place among the topmost five slots in notebooks segment by 2008. The company will appoint about 25 authorised channel...

SAMSUNG TARGETS 115 MILLION UNITS (has unveiled a new brand of slim mobiles called the Ultra Edition).
July 31, 2006... (From India Business Insight) Samsung aims for 15 percent growth in its global handset shipments. The company plans to ship about 115 million units in 2006, out of which it has already achieved 29 million units during the first quarter....

MOBILENXT LAUNCHES MOBILE RETAIL STORES (will add about 31 more outlets across India, to its existing four stores).
July 31, 2006... (From India Business Insight) MobileNXT of Bangalore is the first mobile company in India to launch a single integrated brand retail chain. The company will add about 31 more outlets in India, to its existing four stores. The number of...

AGREEYA SOLUTIONS IN EXPANSION MODE (plans to invest $15 million over the next two-three years in expansion projects).
July 31, 2006... (From India Business Insight) AgreeYa Solutions (AS) plans to expand operations in India. The company is targeting a turnover of $100 million by 2007- 2008 and plans to invest $15 million over the next two-three years in the venture. AS...

ACTIS TIES UP WITH SCHNEIDER ELECTRIC (for launching Clipsal's C-Bus System, an intelligent home and office lighting control solution).
July 31, 2006... (From India Business Insight) Actis Technologies (AT) has tied up with Schneider Electric (SE) of Australia. SE is a large-turnover company with presence in 130 countries. The two companies are launching Clipsal's C-Bus System,...

PC SALES CROSS 5 MILLION UNITS IN FY 2005-2006 (sale of desktops is expected to cross 5.6 million units in 2006-2007).
July 31, 2006... (From India Business Insight) Manufacturers Association of Information Technology (MAIT) has announced the industry performance review for 2005-2006. The findings of the performance review are that desktops and notebooks have...

KEY DEVELOPMENTS: RELIANCE COMMUNICATIONS (approval to raise FII to 74 percent).
July 31, 2006... (From India Business Insight) Reliance Communications plans to increase the limit for purchase of shares and convertible debentures by foreign institutional investor to 74 percent. The Foreign Investment Promotion Board has...

KEY DEVELOPMENTS: THE MINISTRY OF TELECOMMUNICATIONS AND IT (to set up shared sites to reduce cost of services).
July 31, 2006... (From India Business Insight) The Ministry of Telecommunications and Information Technology plans to reduce the cost of services under what it has named Mobile Operators Shared Towers. The project aims to set up 1,800 shared sites in...

KEY DEVELOPMENTS: RELIANCE COMMUNICATION (will introduce GSM-based services in eight circles).
July 31, 2006... (From India Business Insight) Reliance Communication plans to introduce GSM-based services in eight circles, mainly in the north, east and northeast parts of India. The company is likely to invest over Rs15 million for equipment and over...

KEY DEVELOPMENTS: MAHANAGAR TELEPHONE NIGAM LTD (to set up network at a cost of Rs30 billion).
July 31, 2006... (From India Business Insight) Mahanagar Telephone Nigam Ltd (MTNL) has launched a code division multiple access service named CDMA1X in Delhi for mobile subscribers. The network is set up at a cost of Rs30 billion and has a line capacity...

KEY DEVELOPMENTS: BHARTI GROUP (to allot 70 percent of the investment for telecom expansion in India).
July 31, 2006... (From India Business Insight) Bharti Group plans to invest $1.5-2 billion for five years each to expand its telecom operations in India. It has launched a fixed wireless GSM-based service that offers local calls at fixed line telephone...

KEY DEVELOPMENTS: IDEA CELLULAR (to enter the Mumbai market as the seventh operator).
July 31, 2006... (From India Business Insight) Idea Cellular will invest Rs7.5 billion in Uttar Pradesh (East), Rajasthan and Himachal Pradesh. The company is aiming for an initial public offer and to enter the Mumbai market as the seventh operator....

SPECTRUM CONUNDRUM (telecom sector to achieve 250 million subscribers by 2007).
July 31, 2006... (From India Business Insight) The telecom sector of India plans to achieve 250 million subscribers by 2007. Additional spectrum is an urgent need in India to maintain service quality and also to launch services like 3G. Currently, India...

A COMPLEX TASK (TRAI releases paper to issue spectrum equally and transparently).
July 31, 2006... (From India Business Insight) Telecom Regulatory Authority of India (TRAI) has released a paper, Allocation and Pricing of Spectrum for 3G Services and Broadband Wireless Access. The paper has been drafted to encourage discussions...

PROJECT MOST (to set up 1,800 shared sites by 2007).
July 31, 2006... (From India Business Insight) Code division multiple access and GSM operators in India have launched a project named Mobile Operators Shared Towers (MOST). It aims to launch towers from which two or more mobile operators can emit radio...

GROWTH CATALYST (GSMA to launch global developmental fund for large- scale roll-out of mobile phones).
July 31, 2006... (From India Business Insight) The GSM Association (GSMA) had launched a global development fund in 2005 to assist the growth of developmental initiatives using mobile technology. The aim is to fund the two new projects namely Shared...

IDEA CELLULAR (to raise the bar in order to make it one of the top three players in India).
July 31, 2006... (From India Business Insight) Idea Cellular plans for growth, organic or inorganic, in telecom industry. Aditya Birla Group that acquired Idea Cellular for Rs44.06 billion has drafted plans to make the company one of the top three...

SIFY (forays into ILD sector).
July 31, 2006... (From India Business Insight) Sify Ltd plans to enter the international long-distance (ILD) sector. The company had applied for the permit following the relaxation of ILD licence fee from Rs250 million to Rs25 million and the revenue...

ERICSSON INDIA (largest supplier of wireless equipment in India).
July 31, 2006... (From India Business Insight) Ericsson India is the largest supplier of wireless equipment with 57 GSM and CDMA networks in India. It has a 33-percent share of the total wireless market. The contracts of Bharti Airtel to supply 60...

HUAWEI PROFILE (plans to expand operations in India).
July 31, 2006... (From India Business Insight) Huawei considers India as China's strategic market. The company provides CDMA services to Tata and Reliance, GSM services to Bharti and broadband suppliers to Bharat Sanchar Nigam. Revenue from Indian...

NGNs IN INDIA (the technology will reduce costs and cover rural areas).
July 31, 2006... (From India Business Insight) A new technology named next-generation-network (NGN) has emerged in telecom industry. The technology aims to provide services like television, value-added services and data on a single network. As...

INDIAN ENTERPRISES LIKE STORAGE NETWORKS (the storage area network makes up 66% of revenue and network attached storage, 18%).
July 31, 2006... (From India Business Insight) Companies need an efficient and large storage area network. Implementation of enterprise resource management and customer relationship management by Indian companies generates data that needs to be saved on...

PAY ONLINE WITH JUST AN SMS (each transaction costs Rs2-3).
July 31, 2006... (From India Business Insight) PayMate India has teamed with Citibank for its mobile payment solution called PayMate. Each transaction costs Rs2-3. Users can avail the facility with the help of the basic mobile phone with short...

ENSURING SECURE MOBILITY (Alladdin Information Systems and Symantec offer security systems against viruses, spam, phishing, malware and spyware).
July 31, 2006... (From India Business Insight) Smart phones are used to store data. They can be used to download files from Websites. Viruses, spam, phishing, malware and spyware can attack the devices. Alladdin Information Systems offers a...

NOT JUST STORING DATA (companies invest 7-8% of their information technology budget on storage).
July 31, 2006... (From India Business Insight) According to a survey the Indian Marketing Research Bureau (IMRB) has made, network data storage ranks fourth place on a chief information officer's information technology (IT) expenditure list. Companies...

DR AT A MUTUAL FUND (SBI Mutual Funds has its disaster recovery site in Chennai).
July 31, 2006... (From India Business Insight) SBI Mutual Funds (SBIMF) has launched its disaster recovery (DR) site in Chennai. It has selected Chennai because it is not located in a high seismic activity zone. The DR site has been launched in...

BROTHER INDIA (Brother International proposes to venture into the retail sector by marketing its products in 10 cities in the first phase).
July 31, 2006... (From India Business Insight) Brother International (BI) has established itself in India by setting up local distributors for its products. The company deals in a range of imaging products like fax machines, multi-functional devices...

VIBRANT TRENDS IN SOFTWARE TESTING (the Indian market software testing market is worth $2 billion now; it is likely to be $8 billion by 2008).
July 31, 2006... (From India Business Insight) Globally the software testing market is worth $13 billion. The Indian market is worth $2 billion. It is expected to be $8 billion by 2008. Software testing is being outsourced to Indian companies. According...

TRIMENTUS TECHNOLOGIES-A GLOBAL QUALITY BRAND TO RECKON WITH (has partnered the Carnegie Mellon University to improve software processes and provide quality assurance services).
July 31, 2006... (From India Business Insight) Trimentus Technology has partnered the Software Engineering Institute of Carnegie Mellon University to improve software processes and provide quality assurance services. It wants to profit from the testing...

TVS-E PROTON-A REVOLUTION IN BILL PRINTERS (TVS Electronics has developed a patented ink bank design for the printers).
July 31, 2006... (From India Business Insight) TVS Electronics (TVS-E) has a market share of 45 percent in the dot matrix printer (DMP) sector. It has developed Proton for bill printing. The company has developed a patented ink bank design for the...

INDIAAUTOMOBILE.COM-DRIVING INTO NEW SPACE (the website provides information on new/used cars, accessories, insurance and loan facilities).
July 31, 2006... (From India Business Insight) IndiaAutomobile.com, a website launched by the BharatMatrimony group, gives an insight into the automobile sector in India. The website provides the buyer with information on features and prices of new/used...

GHCL ACQUIRES LEADING U.K. HOME FASHION CHAIN (Rosebys for $40 million).
July 31, 2006... (From India Business Insight) GHCL Ltd is to buy by Oct 2006 100 percent equity of Rosebys for $40 million. Rosebys is a home textile company of the U.K. GHCL hopes to become the only global integrated company with operations in...

9 'SHOE FACTORY' OUTLETS TO OPEN BY OCTOBER (in Delhi, Bangalore, Hyderabad, Ghaziabad and other cities).
July 31, 2006... (From India Business Insight) Footmart Retail India Ltd (FRIL), a Pantaloon Retail India Ltd and Liberty Shoes Ltd joint venture, proposes to launch 85 Shoe Factory outlets across India by 2011. While FRIL intends to invest Rs2-3 crore...

JUICE ZONE TO EXPAND (Cogent Intrade appointed as its franchisee in India).
July 31, 2006... (From India Business Insight) Juice Zone, a fast health food company of Canada, has appointed Cogent Intrade as its franchisee in India as part of its expansion plans in the country. The franchisee proposes to invest Rs25-30 crore...

ESCADA INDIA STORE TO LAUNCH IN NOVEMBER (the first outlet is to be opened at Mumbai in Nov 2006).
July 31, 2006... (From India Business Insight) Escada, a $4-billion fashion brand of the US, has tied up with Brand House Retail, a 100 percent subsidiary of S. Kumars Nationwide Ltd, to enter the Indian retail segment. It proposes to introduce 5 lines...

CLC TECHNOLOGIES LAUNCHES ERP SOLUTION FOR LARGE FACTORIES (Vesture introduced for multi-location plants, systems with over 100 users and other businesses).
July 31, 2006... (From India Business Insight) CLC Technologies has introduced Vesture with its range of enterprise resource planning (ERP) solutions for multi-location factories, systems with over 100 users and other businesses. The implementation of...

MOBILENXT LAUNCHES IN KOLKATA (future plans include creating an organised retail format in the Indian market via shop-in-shop formats and malls).
July 31, 2006... (From India Business Insight) MobileNXT Teleservices Pvt Ltd, a mobile retail chain, has opened its first store in Kolkata. It proposes to launch 31 stores by Dec 2006 in Mumbai and Bangalore and Tier-II cities of Hubli, Mysore and...

TATA INTERNATIONAL IN JOINT VENTURE WITH SRI LANKA TRAILER MAKER (to manufacture trailers at Chakan, near Pune).
July 31, 2006... (From India Business Insight) Tata International Ltd (TIL) has formed a 50:50 joint venture with Dutch Lanka Trailer Manufacturers of Sri Lanka to make trailers at Chakan, near Pune. The joint venture is called Tata International...

RITES' REHABILITATION PLAN FOR BOKARO STEEL (that includes the modification of existing yards, lines and stations with an investment of Rs30.66 crore).
July 31, 2006... (From India Business Insight) RITES Ltd is a subsidiary of the Indian Railways. It has formulated an Rs231.87-crore railway rehabilitation scheme for the Bokaro Steel Plant (BSP). The scheme includes the modification of existing yards,...

RATHI UDYOG TO INVEST Rs210 CRORE IN ORISSA (to put up a 1.5 lakh tonnes sponge iron plant at Sambalpur).
July 31, 2006... (From India Business Insight) Rathi Udyog Ltd is a steel producer of Delhi. It is investing Rs210 crore in Orissa to put up a 1.5 lakh tonnes sponge iron plant at Sambalpur. The project also includes a 20-megawatt captive power plant...

KHANNA PAPER TO OPEN UNIT IN AMRITSAR (that will make 250 tonnes of writing and printing paper per day).
July 31, 2006... (From India Business Insight) Khanna Paper Mills (KPM) of Amritsar is the largest location plant in India to use recyclable paper waste. It is putting up a unit that will make 250 tonnes of writing and printing paper per day. The project...

JAIN GRANITES BAGS ORDERS WORTH Rs9.65 CRORE (has got an order worth Rs3 crore for the Delhi airport modernisation project).
July 31, 2006... (From India Business Insight) Jain Granites and Projects India Ltd is a granites and marbles trader and exporter of Chennai. It hopes to register a turnover of Rs20 crore during 2006-2007 against a turnover of Rs3.93 crore in 2005- 2006....

HANUNG TO SET UP TEXTILE UNIT (in Uttaranchal at a cost of Rs160 crore).
July 31, 2006... (From India Business Insight) Hanung Toys and Textiles (HTT) of Noida is putting up a Rs160- crore textile weaving and processing unit in Uttaranchal. The unit will be operational by Dec 2006. It will have a weaving capacity of...

SAINT-GOBAIN TO SET UP NEW PRODUCTION LINE (to manufacture a high-end heat reflective glass).
July 31, 2006... (From India Business Insight) Saint-Gobain Glass India is investing Rs100 crore on a production line that will manufacture a high-end heat reflective glass. The new line will be operational by Oct 2006. It will produce 'Cool Lite'. It...

B.K. GROUP PLANS CEMENT UNIT IN ASSAM (at Cachar with an investment of around Rs414 crore).
July 31, 2006... (From India Business Insight) The B.K. group is putting up a cement project at Cachar in Assam with an investment of around Rs414 crore. The proposed plant will have an annual capacity of 1.5 million tonnes and is projected to be the...

MADRAS CEMENTS PLANS Rs1,052-CRORE EXPANSION (to increase capacity by 4 million tonnes before 2007-2008).
July 31, 2006... (From India Business Insight) Madras Cements Ltd (MCL) will invest Rs1,052 crore to increase its capacity by 4 million tonnes before 2007-2008. It is to set up a 2 million tonnes per annum plant near Ariyalur in Tamil Nadu at a cost of...

SCHWING STETTER TIES UP WITH BHARAT SHELL (to offer high quality lubricants).
July 31, 2006... (From India Business Insight) Schwing Stetter India Pvt Ltd (SSI) is a leading company in the ready mix concrete equipment industry. Bharat Shell Ltd (BSL) is a manufacturer of quality industrial lubricants. Both companies have tied...

INDO ASIA LEISURE PLANS SEVERAL 3-STAR HOTELS (to set up 3-star hotels in Jaipur and Hampi).
July 31, 2006... (From India Business Insight) Indo Asia Leisure Services Ltd (IALSL) will set up 3-star hotels in Jaipur and Hampi even as it will take hotels in Udaipur, Jodhpur and Coorg on long-term lease. The company will put up an online...

VGP GROUP TO SET UP INFORMATION TECHNOLOGY MALL IN CHENNAI (to retail branded electronic goods from China, Malaysia and Dubai).
July 31, 2006... (From India Business Insight) The VGP group has signed a joint venture agreement with the Shanaya group of Singapore to put up the VGP Digital China Square project. An exclusive information technology shopping mall will be launched on...

GODREJ and BOYCE ON EXPANSION DRIVE (to invest about Rs12 crore to add 60 showrooms by 2008).
July 31, 2006... (From India Business Insight) Godrej and Boyce Manufacturing Company will invest about Rs12 crore to add 60 showrooms by 2008 to 35 showrooms. It holds 15-33 percent share of the domestic furniture market across different product lines....

GERMAN KIDS' WEAR MAJOR HUCKE PLANS INDIA FORAY (to set up 12 exclusive outlets across India during 2006).
July 31, 2006... (From India Business Insight) Hucke AG of Germany is among the largest clothing manufacturers in Europe. It is venturing into the Indian kids' wear market in alliance with Novotex Exim, with the launch of its popular brand Whoopi....