India Business Insight articles from May 2010, page 10

India Business Insight archives from May 2010

Honeywell and DuPont announce joint venture to manufacture new automotive refrigerant. (The collaborative agreement calls for both the companies to pool-in their technological prowess and financial strengths to jointly design, build and operate top-of-the.
May 31, 2010... Honeywell and DuPont have announced their entry into an agreement to set up a joint venture manufacturing unit to produce new refrigerant to use in automotive air conditioning systems. The collaborative agreement calls for both the companies...

Huntsman to expand its manufacturing capacity in Singapore. (Huge demand for polyetheramines in Asia is the main reason behind the company's decision to go for expanding the facility).
May 31, 2010... The performance Products division of Huntsman Corp has decided to expand its Jeffamine polyetheramine capacity by 50 percent at its Jurong Island, Singapore facility. The expansion is expected to come for fruition by 3Q 2010. The facility was...

Ashland announces price increase for epoxy vinyl ester resins. (APM is the leading force in the world in the areas of unsaturated polyester resins' and epoxy vinyl ester resins' market).
May 31, 2010... Ashland Performance Materials (APM) has announced the price increase of Derakane epoxy vinyl ester resins and other resins, which contains Liquid Epoxy Resins (LER). The price increase will be effective in various geographical locations such as...

SNC Lavalin awarded contract for sulphuric/phosphoric acid complex in Jordan. (SNC-Lavalin is entrusted with building of the plant in the town of Eshidya in Jordan for JIFCO).
May 31, 2010... The European arm of SNC-Lavalin has won a Canadian $ 630 Million contract to manage the design and construction of a sulphuric acid/phosphoric acid plant along with other utilities and a power plant in Jordan. SNC-Lavalin is entrusted with...

BASF expands Methanesulfonic acid facility in Ludwigshafen. (BASF's Methanesulfonic acid readily biodegrades and also has the added advantage of being a chloride-free commodity).
May 31, 2010... BASF has decided to expand its Methanesulfonic acid facility in Ludwigshafen, Germany to 30,000 tonnes per annum. The expansion of the facility slated to be completed by 2012. off late, Methanesulfonic acid is being used to replace phosphoric...

Huntsman to expand its speciality amines manufacturing unit. (This expansion will help Huntsman remain ahead of the demand by enhancing the production capacity of various products especially of Jeffamine polyetheramine class of products, diglycolamine age.
May 31, 2010... Huntsman Corp is likely to expand the manufacturing capacity of speciality amines by more than 50 percent at its Llanelli, Wales. facility. This expansion will help Huntsman remain ahead of the demand by enhancing the production capacity of...

Chinese oil demand in Apr 2010 climbs 12.7 percent from Ape 2009 to 8.4 M bbls/day. [1 table in original article] (China is the biggest consumer of oil after US).
May 31, 2010... Chinese apparent demand for oil in the month of Apr 2010 has reached 35.25 Million tonnes or about 8.43 Million barrels per day, which is about 12.7 percent up when compared to Apr 2009. But, the oil demand remained below the record 8.5 Million...

Fire halts Houston refinery. (The plant was forced to run at minimal rates. Meanwhile, the burnt crude unit remained shut and production at other crude units was remained stopped for unscheduled maintenance).
May 31, 2010... The production at Houston Ship Channel oil refinery of LyndellBasell was stopped following a fire accident in one of the two crude distillation units of the plant. However, there were no reports of any casualties to the employees, even though,...

Albemarle to increase price of flame retardants. ( The company has also decided to increase the price of Saytex 4010 range of decabromodiphenyl ethane by $0.60 per kilogram and Saytex 102E range of decabromodiphenyl oxide by $1 per kilogram).
May 31, 2010... Albemarle has announced that it will increase the price of flame retardants in Europe, turkey, Russia, India, Middle East, Africa, and Asia Pacific in effect from 01 Jul 2010. A price increase of 10 percent will hold good for Martinal fine...

Lanxess India signs MOU with Institute of Chemical Technology. (Lanxess India is one of the leading speciality chemical company of India).
May 31, 2010... Lanxess India and the Institute of Chemical Technology (ICT), Mumbai, India have announced the signing of a memorandum of understanding for Industrial research and scientific projects. Under the agreement, Lanxess India and ICI would share their...

Eastman Chemical state of the art plant. (The new facility will exclusively produce Eastman Tritan copolyester).
May 31, 2010... Eastman Chemical Company has announced the commissioning of its new plant at its headquarters in Kingsport, TN, USA. The new facility will exclusively produce Eastman Tritan copolyester. The various beneficial attributes such as clarity,...

Project update: Baerlocher India Additives. (Baerlocher India Additives is implementing Rs 70 Million expansion of polyvinylchloride stabilizers).
May 31, 2010... Baerlocher India Additives is implementing Rs 70 Million expansion of polyvinylchloride stabilizers production at its unit in the Dewas district of Madhya Pradesh, India. The expansion will bring up the production capacity of the unit from...

Project update: Frinze Laboratories. ( The company is planning to change the machinery and install pollution control equipment at its 170 tonnes per day synthetic organic chemicals facility).
May 31, 2010... Frinze Laboratories is deliberating to modernize its plant located at Pishini, Srikakulam, Andhra Pradesh, India. As a part of the project, the company is planning to change the machinery and install pollution control equipment at its 170 tonnes...

Project update: Nippon Paint (India). (Total project cost is estimated at Rs 900 Million).
May 31, 2010... Land acquisition is in progress to set up a paint manufacturing project in MIDC Taloja, in the Raigad district Maharashtra state of India by Nippon Paint (India). Phase I of the project having a capacity of 8,000 kilo litres is due for 4Q 2010...

Project update: Shree Nath Life Sciences is planning for synthetic chemicals plant. (The project entails an investment of Rs 57.36 Million).
May 31, 2010... Shree Nath Life Sciences proposes to build a synthetic chemicals plant at Sotanal, Rajasthan, India having a capacity to manufacture 132 tonnes per annum of Active pharmaceutical ingredients such as cloxacillin sodium IP/BP, dicloxacillin sodium...

Project update: Tata Chemicals implementing fertiliser project. (Tata Chemicals has decided to invest up to Rs 570 Million for implementing customised fertiliser production project).
May 31, 2010... Tata Chemicals has decided to invest up to Rs 570 Million for implementing customised fertiliser production project. The capacity of the project is 130,000 tonnes per annum. It will be implemented at the company's Babrala plant in Badaun...

Project update: Magnesium and Allied Products planning for magnesium carbonate unit in Karnataka. (The Rs 72 Million project is due for Aug 2010 completion).
May 31, 2010... Magnesium and Allied Products intends to build magnesium carbonate plant at Hurugalavadi in Mandya district of Karnataka, India. The Rs 72 Million project is due for Aug 2010 completion.

Project update: ACC implements power project expansion at Chanda Cement Works. (ACC has decided to expand the capacity of power project from 15 MW to 40 MW CPP).
May 31, 2010... ACC has decided to expand the capacity of power project from 15 MW to 40 MW CPP in Chanda Cement Works located at Chandrapur district of Maharashtra in India. The project is due for 4Q 2010 completion.

Project update: Hema Sri Agro Power Projects plans biomass power project in Madhya Pradesh. (According to the company, the facility, which is going to cost about Rs 190 Million, will be completed by Mar 2011).
May 31, 2010... Hema Sri Agro Power Projects Ltd is setting up 20 MW biomass based power project at Magrora of Gwalior district in Madhya Pradesh. According to the company, the facility, which is going to cost about Rs 190 Million, will be completed by Mar...

SRI LANKA TO IMPORT QUALITY DRUGS FROM INDIA (to meet the shortage of essential medicines, especially saline).
May 31, 2010... The Government of Sri Lanka has decided to import quality drugs from India to meet the shortage of essential medicines, especially saline. The government has made arrangements to purchase 97 varieties of drugs within the next few weeks.

LUPIN LOOKS FOR BUYS IN EUROPE, LATIN AMERICA (in order to boost sales and triple revenue over the next three years).
May 31, 2010... Lupin Ltd is looking for strategic acquisition overseas, especially in Europe and Latin America, in order to boost sales and triple revenue over the next three years. The company has targeted a revenue target of $3 billion by 2013 from $1...

RANBAXY RECALLS SOME BATCHES OF 3 DRUGS IN EUROPE (as patient information leaflets needed to be updated to include safety warnings).
May 31, 2010... The European unit of Ranbaxy Laboratories Ltd (RLL) has decided to recall select batches of three products to add safety warnings under the regulations. According to RLL, the drugs were being recalled from Britain, Denmark and Ireland as patient...

PANACEA VACCINE GETS CLEAN CHIT FROM WHO (which has found no link between EasyFive and death of four infants in Bhutan).
May 31, 2010... Panacea Biotech Ltd (PBL) has got a clean chit from the World Health Organisation (WHO) for its five-in-one vaccine, EasyFive. WHO has found no link between EasyFive and death of four infants in Bhutan. PBL has bagged a $222 million contract...

AVANTHA BUYS US CO PYRAMID HEALTH FOR USD 20 MILLION (by paying $14.5 million upfront and the rest to be paid over two years).
May 31, 2010... Diversified group Avantha has acquired Pyramid Healthcare Solutions (Pyramid) of USA for $20 million by paying $14.5 million upfront and the rest to be paid over two years. Pyramid offers various solutions like HIM services, cancer registry,...

JUBILANT ORGANOSYS EYES USD 1 BILLION ORDERS IN FY11 (on the back of a huge growth in its custom research and manufacturing services business).
May 31, 2010... Jubilant Organosys Ltd (JOL), a specialty chemicals company, is aiming to have an order book of $1 billion during 2010-2011 on the back of a huge growth in its custom research and manufacturing services business. The company is in an advanced...

RANBAXY WILL SET UP JAPAN-FOCUSED UNIT (to capitalise on the Government of Japan's plans to have 30 percent prescription volumes come from generics).
May 31, 2010... Ranbaxy Laboratories Ltd (RLL) is planning to set up a production unit in India to cater to the generic market in Japan to capitalise on the Government of Japan's plans to have 30 percent prescription volumes come from generics segment by 2012....

PLETHICO PLOTS STRATEGY TO STEP UP OVERSEAS PLAY (in markets such as CIS countries, Southeast Asia and Latin America).
May 31, 2010... Plethico Pharmaceuticals Ltd (Plethico) has come out with a two- pronged strategy for increasing its presence in the international markets. The company intends to expand presence of its subsidiary, Natrol, in markets such as CIS countries,...

VENUS REMEDIES GETS PATENT FOR PAIN KILLER INJECTION (from the Indian Patent Office, Government of India).
May 31, 2010... Venus Remedies Ltd (Venus) has got a patent for its novel injectable aceclofenac formulation from the Indian Patent Office, Government of India. Venus developed the product at its Venus Medicine Research Centre. The company now has seven...

ALVOGEN EXPANDS ITS OPERATIONS IN INDIA (by establishing a CRO and an API sourcing office in Bangalore).
May 31, 2010... Generics pharmaceuticals company Alvogen Inc of USA has expanded its operations in India by establishing a clinical research organisation (CRO) and an active pharmaceutical ingredient (API) sourcing office in Bangalore. The CRO will offer a...

BAFNA PHARMA OPENS RESEARCH AND DEVELOPMENT FACILITY (in Chennai designed and equipped to meet stringent international standards).
May 31, 2010... Bafna Pharmaceuticals Ltd (Bafna) has inaugurated its Rs12-crore research and development formulations facility in Chennai that has been designed and equipped to meet stringent international standards. Bafna will now file dossiers or the growing...

SUN RECALLS CHOLESTEROL DRUGS FROM US MARKET (after impurity levels were found to exceed the permissible limits).
May 31, 2010... Sun Pharmaceuticals Ltd (Sun) has decided to voluntarily recall 27,000 bottles of anti-cholesterol medicine, gemfibrozil, from the US market after impurity levels were found to exceed the permissible limits. Sun Pharmaceutical Industries Inc...

BRIEF CORPORATE PROFILE OF NATIONAL TEXTILE CORPORATION (which was set up by the Government of India in 1968).(Company overview)
May 31, 2010... The National Textile Corporation (NTC) was set up by the Government of India in 1968 for managing sick private textile mills acquired by the government. NTC currently has 119 mills, with the number of mills transferred to the Government of...

GRASIM INDUSTRIES LTD: EXCELLENT PERFORMANCE FOR FY 2009-2010 (with its net revenue growing by nine percent to Rs20,195 crore).
May 31, 2010... Grasim Industries Ltd (GIL) has reported that its net revenue grew by nine percent at Rs20,195 crore in 2009-2010 compared to Rs18,496 crore in 2008-2009. The company's profit before interest, depreciation and tax (PBIDT) rose by 32 percent...

SANGAM (INDIA) LIMITED - SPINNING DIVISION (has a spinning capacity of 1,93,920 spindles, including 3,640 spindles on cotton).
May 31, 2010... Sangam (India) Ltd is the flagship company of the Sangam Group and forayed into spinning in 1995 by installing 17,280 spindles for manufacturing polyester/viscose dyed yarn. The company has a spinning capacity of 1,93,920 spindles, including...

ABB PLANS Rs4,400-CRORE BUYBACK OFFER TO RAISE STAKE TO 75% (parent company currently holds 97.8 million shares in ABB Ltd).
May 31, 2010... Power and automation technology group ABB is planning to buyback 48.51 million shares of its Indian subsidiary, ABB Ltd, by paying around Rs4,400 crore to increase its shareholding to 75 percent from the present 52.1 percent. The parent company...

L&T BEATS STREET ESTIMATES, NET PROFIT JUMPS 44% (to Rs1,438 crore during Jan-Mar 2010 compared to Rs999 crore in Jan-Mar 2009).
May 31, 2010... Larsen & Toubro Ltd (L&T)'s standalone net profit jumped by 44 percent to Rs1,438 crore during Jan-Mar 2010 compared to Rs999 crore in Jan-Mar 2009. The company's revenue rose by 28 percent to Rs13,585 crore (Rs10,605 crore). ...

APPAREL EXPORTS DECLINE BY 13% (owing to significant hike in raw material costs, which led to loss of orders).
May 31, 2010... Apparel exports fell by 13 percent to $8.79 billion during Apr 2009-Feb 2010 owing to significant hike in raw material costs, which led to loss of orders. The apparel industry has been impacted from the past two years due to the global economic...

BOMBARDIER OPENS INDIA OFFICE (to provide after sale service to its customers).
May 31, 2010... Bombardier Aerospace opened its regional support office in Mumbai for providing after-sale service to its customers. Its support package comprises technical expertise, flight operations support and customer account management functions and...

CHOPPER FACTORY IN HYDERABAD (GMR-HIAL to lease out 6-12 acres of land for the $40-100 million unit).
May 31, 2010... GMR Hyderabad International Airport Ltd (GMR-HIAL) would lease out 6-12 acres of land out of 5,495 acres at its disposal for setting up a helicopter unit. The project involves an investment of $70-100 million. Work on the project, a joint...

BOEING TO PAY $145 MILLION FOR DREAMLINER DELAY (to NACIL as against the demand of $710 million).
May 31, 2010... Boeing has agreed to pay $145 million to National Aviation Company India Ltd (NACIL) for the delay in delivering Dreamliner. NACIL had demanded $710 million as compensation from Boeing for the delay. Boeing should have delivered 27 B787-800...

AAI LOOKS TO RESUSCITATE AIRPORTS (through privatisation under PPP mode).
May 31, 2010... Airports Authority of India (AAI) plans to make 15 of its 40 defunct airports operational and profitable through privatisation under public-private partnership (PPP) mode. The airports are in Rajasthan, Orissa, Bihar, Uttar Pradesh, Jharkhand...

NO HELIPADS ATOP RESIDENTIAL BUILDINGS (in Maharashtra as it causes noise pollution).
May 31, 2010... The Government of India has disallowed setting up of helipads on top of residential buildings in Maharashtra due to noise pollution. Maharashtra had amended the development control rules for permitting helipads on top of residential &...

TAJ AIR ON A COMEBACK TRAIL (to invest $37 million to acquire Falcon 2000 LC and P180 Avanti II as a part of its fleet expansion).
May 31, 2010... Taj Air would invest about $37 million (Rs170 crore) in purchasing Falcon 2000LX and P180 Avanti II (six seater) as a part of its fleet expansion. The initiative is to replace its older fleet. Piaggio Aero Industries, Italy, has selected the...

KINGFISHER TO RESTRUCTURE DEBT (appoints Seabury to prepare five year business plan to reduce its debt).
May 31, 2010... Kingfisher Airlines intends to restructure its debt of Rs7,415 crore. It has appointed consulting firm Seabury of the US to prepare the five-year business plan to reduce its debt. The airline has debt of Rs7,415 crore and interest burden...

FLY DUBAI TO INVADE INDIAN SKIES (by launching its flights from Lucknow, Chandigarh and Kozhikode to Dubai).
May 31, 2010... The Ministry of Civil Aviation, Government of India, would allow FlyDubai to operate flights from India. Fly Dubai plans to commence flights from Lucknow, Chandigarh and Kozhikode to Dubai. The low cost carrier's offered fares on the Gulf...

AI TO CARRY CARGO IN COMMERCIAL PLANES (to increase cargo revenues to 30 percent from 10 percent and make routes profitable).
May 31, 2010... Air India has decided to carry cargo in commercial planes. It would lease out all freighters, which provides about 40 tonnes of space, to make many of its routes profitable. The company earns 10 percent of its total revenues through cargo and...

SWANKY CHOPPERS FOR VVIPS (from Italy costing Rs3,726 crore).
May 31, 2010... India is acquiring 12 modern helicopters from Italy for ferrying the President, Prime Minister and other VVIPs. With this the ageing Russian Mi-8s and Mi-17s would be replaced. The cost of the 12 three engine AW-101 helicopters for Indian Air...

GORSHKOV ARRIVAL IN 2013 FOR $2.3 BILLION (India and Russia reach agreement for the aircraft carrier).
May 31, 2010... India and Russia have signed an agreement for Gorshkov aircraft carrier. The aircraft carrier to be delivered in 2013 would now cost $2.33 billion. The two countries had signed an agreement in Jan 2004 for $974 million.

JET DEPOSITS 137.5 CRORE IN SAHARA CASE (regarding payment of taxes prior to the acquisition of Air Sahara).
May 31, 2010... Jet Airways deposited Rs137.5 crore on 30 Mar 2010 with the Bombay High Court in Sahara case. The issue relates to tax payment of taxes prior to the acquisition of Air Sahara in 2007 by Jet Airways. According to Jet Airways, Sahara could...

500 WORKING AIRPORTS BY 2020 (says a report by Ernst & Young).
May 31, 2010... India is targeting 500 operational airports by 2020, says a report by Ernst & Young. The investment in airport development and modernisation would be Rs40,000 crore till 2014. A large number of Over 454 airfields in India are not...

NHAI PLANS AIR AMBULANCE SERVICE (on highways from Delhi to air lift accident victims to nearest medical facility).
May 31, 2010... The National Highways Authority of India (NHAI) is planning to equip all highways from Delhi with helipads to air lift accident victims to nearest medical facility. It has identified three such sites on national highway 8 between Gurgaon...

AI TO HIRE PILOTS TO FLY BOEING 787s (that will start arriving from 2011).
May 31, 2010... Air India (AI) is recruiting 100 pilots for 27 Boeing 787s. It will start getting delivery of aircraft from 2011. AI will train pilots flying the Boeing 777s now, as it requires six-seven sets of navigators for each aircraft.

INDIAN AVIATION TO FLY 180 MILLION BY 2020 (says a joint report of CAPA and SITA).
May 31, 2010... Indian domestic air traffic would reach 180 million passengers per annum, while international traffic would be over 80 million by 2020, revealed a joint report of the Centre for Asia Pacific Aviation (CAPA) and SITA. To achieve the predicted...

JET CONTRACTS ST AEROSPACE FOR MAINTENANCE (and engineering support for engines for 10 years).
May 31, 2010... Jet Airways has awarded maintenance-by-the-hour contract to ST Aerospace for a period of 10 years. The contract valued at $750 million would commence soon. Under the agreement, ST Aerospace Engines Pte Ltd, subsidiary of ST Aerospace, would...

AI TO SELL Rs797-RORE BONDS (for acquiring planes).
May 31, 2010... Air India (AI) is raising Rs797 crore through issue of bonds for acquiring planes. National Aviation Company of India has appointed Standard Chartered Plc for selling bonds that are rated AAA by Crisil Ltd.

TECHCOM OPENS TWO MORE BRANCH OFFICES (at Bhubaneswar in Orissa and Guwahati in Assam).
May 30, 2010... Shree Sagarmatha Distributors will open two branch offices along with fully operational service centres at Bhubaneswar in Orissa and Guwahati in Assam. These branches will be fully operational from Jun 2010. Sagarmatha has 13 offices at present...

EMERSON NETWORK ENHANCES ITS FOCUS ON INDIAN MARKET (is planning to revamp its entire Micro and Small UPS range as well as enhance its other key products).
May 30, 2010... Emerson Network Power (India) Systems is planning to revamp its entire Micro and Small UPS range. It also plans to enhance its other key products including Liebert ITON-600 BX, Emerson Adapt Series Parallel Modular UPS (6 kilovolt-amperes),...

ABACUS OPENS NEW BRANCH OFFICE AT LUCKNOW (its 22nd branch in India).
May 30, 2010... Abacus Peripherals has opened its branch office at Lucknow as part of its expansion plan in India. This is its 22nd branch in India. The Lucknow branch will commence operations on 15 May 2010. The company had recently opened its branches...

NCOMPUTING LAUNCHES USB VIRTUAL DESKTOP IN INDIA (model U170, the world's first USB'connected virtual desktop).
May 30, 2010... NComputing is planning to launch the world's first USB'connected virtual desktop (model U170) in India. The U170 makes it easy to turn one PC into two or more. The U170 is simple to install and set up, has full USB support, and comes with a...

SHEDDING WEIGHT - ICICI BANK (earns profit of Rs202.90 crore by selling its merchant acquiring operations business to ICICI Merchant Services).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. ICICI Bank has sold its...

SHEDDING WEIGHT - SUBEX LTD (the company exchanged $141 million FCCBs with $98.7 million FCCBs thereby reducing a liability of Rs150.4 crore).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Subex Ltd of Bangalore...

SHEDDING WEIGHT - JSL LTD (received the approval for its debt-restructuring scheme under the CDR mechanism in Jan 2010).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. JSL Ltd has received the...

SHEDDING WEIGHT - HAVELLS INDIA LTD (proposes to write off all the non-operating, extraordinary and abnormal costs incurred on its global acquisitions).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Havells India Ltd has...

SHEDDING WEIGHT - RAYMOND LTD (stopped the manufacturing operations at its Thane facility near Mumbai in Dec 2009).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Raymonds Ltd has...

SHEDDING WEIGHT - NAGARJUNA CONSTRUCTIONS COMPANY LTD (sold its 9.5 percent stake in Gautami Power Ltd to GVK Power Ltd for a consideration of Rs112.63 crore).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Nagarjuna Construction...

SHEDDING WEIGHT - TRIVENI ENGINEERING AND INDUSTRIES LTD (proposes to demerge its steam turbine business into a separate company).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Triveni Engineering and...

SHEDDING WEIGHT - JUBILANY ORGANOSYS LTD (obtains the approval of its board for restructuring the business by hiving off its agri and performance polymers business into a new company).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Jubilant Organosys Ltd...

SHEDDING WEIGHT - INDIABULLS FINANCIAL SERVICES LTD (decides not to pursue the JV with Sogecap).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Indiabulls Financial...

SHEDDING WEIGHT - RPG CABLES LTD (sold the surplus land at Thane near Mumbai for Rs51 crore in the quarter Oct-Dec 2009).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. RPG Cables Ltd has sold...

SHEDDING WEIGHT - CADILA HEALTHCARE LTD (reduces its investment in Zydus Animal Health Ltd by Rs30 crore).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Zydus Healthcare S.A....

SHEDDING WEIGHT - CROMPTON GREAVES LTD (proposes to sell its stake to its associate company Avantha Power & Infrastructure Ltd for Rs51.4 crore).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Crompton Greaves Ltd...

SHEDDING WEIGHT - INDIABULLS POWER LTD (invests the IPO funds in the equity of Indiabulls Realtech Ltd).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Indiabulls Power Ltd has...

SHEDDING WEIGHT - HT MEDIA LTD (makes a provision of Rs23 crore towards impairment of its equity in MMCPL in 2009-2010).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. HT Media Ltd has fully...

SHEDDING WEIGHT - KALYANI STEELS LTD (liquidates its investment in BF Utilities Ltd at a profit of Rs13.5 crore).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Kalyani Steels Ltd (KSL)...

SHEDDING WEIGHT - THIRUMALAI CHEMICALS LTD (decides to write off its investments of Rs18.27 crore in TCL Industries Malaysia).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Thirumalai Chemicals Ltd...

SHEDDING WEIGHT - GMR INFRASTRUCTURE LTD (the company and its subsidiary GMR Energy have transferred a part of their holdings in some of the highway subsidiaries to GHPL).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. GMR Infrastructure Ltd...

SHEDDING WEIGHT - ION EXCHANGE LTD (has given loans of Rs16.60 crore and invested Rs54.70 lakh in its subsidiary Ion Exchange Envlro Farms Ltd).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Ion Exchange Ltd (IEL) has...

SHEDDING WEIGHT - HINDUSTAN MOTORS LTD (is in the process of reporting to BIFR).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Hindustan Motors Ltd, a CK...

SHEDDING WEIGHT - CHEMFAB ALKALIS LTD (closes its chlorates plant in Puducherry as it has become non-viable).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. The chlorates plant of...

SHEDDING WEIGHT - TELEVISION EIGHTEEN INDIA LTD (has made long-term investments in Infomedia 18 Ltd that is incurring losses and has seen major erosion in its networth).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Television Eighteen India...

SHEDDING WEIGHT - Dr REDDY'S LABORATORIES LTD (initiates restructuring of its European operations in view of declining profitability of Betapharm).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Dr Reddy's Laboratories...

SHEDDING WEIGHT - WOCKHARDT LTD (signs the master restructuring agreement with most of its lenders under the CDR mechanism).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. The promoters of Wockhardt...

SHEDDING WEIGHT - SUZLON LTD (sold its 35.22 percent stake in Hansen Transmissions for Rs1,720 crore in Nov 2009).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Suzlon Ltd, in its bid to...

SHEDDING WEIGHT - ADANI ENTERPRISES LTD (is planning to amalgamate seven subsidiaries owned by the promoters of Mundra Port and SEZ with itself under a group- restructuring plan).
May 30, 2010... Several corporate companies in India are resorting to financial and operational restructuring to streamline business activities in line with changing business cycles and emerge stronger to face competition effectively. Adani Enterprises Ltd...