TUESDAY 21 AUGUST 2012 7
Supreme Infra bags mega Euro woes tilt financial
orders worth ` 1237 cr power in Asia's favour
London, Aug.21: David Marsh, co-founder of a the euro zone crisis, where it owns
Chennai, Aug.21: be executed in 12 months. Canals, Siwan, Bihar Work for
Supreme Infrastructure India 3. Work for construction on construction of Roads and Canals As European banks retrench to forum in London that connects the country's sixth-largest bank,
Limited (SIIL), one of the most Railway stations in Mumbai Work from the Water Resources recover from the global financial central banks and sovereign wealth Emporiki.
potential Infrastructure companies for construction of providing roofing Department, Siwan, Bihar. Order meltdown, they are finding ready funds with banks and asset "Distressed banks selling good
in India has successfully bagged a on 2 railway stations in Mumbai. size is Rs. 143 cr. The Company buyers in Asia for everything from managers, said the West no longer assets always happens in a crisis
series of thir teen new work Order size is Rs. 4.14cr. has 62% stake in the project. loans to entire insurance and had a monopoly on innovation and like this. Banks which don't want to
orders. 4. Work for construction of 9. Work for construction of broking operations. dynamism in financial services. raise capital by issuing new equity
The projects range from the Off Site Buildings in Himachal Roads, Assam Work for There are other tell-tale signs of But China was playing a long end up selling their offshore assets,
construction of water terminals to Pradesh. Work for construction of construction of roads on Kalitakuchi a shift in power: this year's two game, biding its time and waiting and typically they sell the crown
bridges and reservoirs. The value off-site building's including V-sat to Barpeta (length - 58.50 km) and biggest initial public offerings after for bargains. With plenty of bankers jewels," said Ken Courtis, founding
of individual contract ranges from Buildings, Trainee Hostels, Bilasiparaq to Fakiragram (length - Facebook were launched not in the and traders being made redundant, partner of Themes Investment
Rs. 4.14 crore to Rs. 239.39 crore Barracks, Canteen, Recreation 16.20km) in the state of Assam. United States or Europe, but in Chinese firms have the chance Management and a former vice-
which comes out to be Rs.1237.04 Centre, Stores, Office and Fire Order size is Rs. 93.94 cr. Malaysia. gradually to build up teams and chairman of Goldman Sachs Asia.
cr on the whole. Stations in Himachal Pradesh for 10. Work for construction of Yet perhaps what is more striking expertise rather than making giant A clutch of other European
Commenting on the same Vikram NTPC. Order size is Rs. 40 cr. Terminal Facilities at Mandwa, is that, with one or two exceptions, acquisitions. financial institutions is also beating
Sharma, Managing Director, 5. Work for construction of Mahrashtra Work for construction of Asian financial firms are not doing "They'll be much more clever than the retreat in Asia.
Supreme Infrastructure Ltd. said, Terminal Facilities in Mumbai Work terminal facilities for water transport more in Europe itself to capitalize simply buying moribund banks at Britain's Royal Bank of Scotland
"We are delighted to receive for construction of terminal facilities along east cost of Mumbai at on the euro zone's festering debt high prices: they'll be buying has offloaded some of its Asia-
increasing number of orders at a for water transport along west cost Mandwa. Project has been awarded and banking crisis. people," Marsh said. Pacific investment banking
national level. We continue to grow of Mumbai at Bandra - Versova. by MSRDC. Order size is Rs. 68 cr. Take China. The economy has "What we're seeing now is just the operations to Malaysia's CIMB
as a national infrastructure player Order size is Rs. 239.39cr. Order is Company has 40% stake in this more than doubled in size in five precursor of a much bigger shift Group Holdings Bhd, while ING is
thereby providing value to our to be completed in 18 months. project. years. It has some of the biggest that will take place over the next selling its $7 billion Asia insurance
investors". Company has 60% stake in this 11. Work for construction of banks in the world. 10 years, but it won't happen in one business. Both banks had to be
The details of the same are as project. Residential Tower, Bhubaneshwar, And its appetite for snapping up fell swoop." bailed out by their governments
follows: 6. Work for Construction of Orissa. Work for construction of natural resources is undiminished: China has not been completely during the crisis.
1. Work for construction of Bridges across Bankot Creek, Basement + 13 storeys Residential witness last month's $15.1 billion asleep on the acquisitions front. Integrating independent-minded
Elevated Metro stations at Navi Maharashtra Work for the Tower in the Bhubaneshwar, Orissa. agreement by state oil company Two Chinese private equity funds CLSA would be one of the biggest
Mumbai, Mahrashtra Work for constrution of Bridges across Order size is Rs. 33.60 cr. CNOOC Ltd to buy Canada's are on the final shortlist of bidders challenges for CITIC, Courtis said.
design, construction of 5 nos of Bankot Creek on State Highway No. 12. Work for Reservoir at Nexen Inc, the biggest foreign for the asset management arm of Chinese financial institutions in
elevated metro station at Kharghar, 4. The contract has been awarded Mukundupur, Kolkata Work for acquisition to date by a Chinese Franco-Belgian financial group general have a narrow bench of
Navi Mumbai. by PWD. Order size is Rs. 183 cr. construction of Reservoir cum company. Dexia, a deal that could be worth executives with the right linguistic
Project has been awarded by The order will be executed in 30 pumping station at Mukundupur, When it comes to the financial 500 million euros or more. and overseas management
CIDCO. Order size is Rs. 142 cr. months Kolkata under JNNURM scheme sector, however, the glass is half- And CITIC Securities has agreed expertise - one reason why they are
Order is to be completed in 20 7. Work for widening of from Kolkata Municipal Corporation. empty, not half-full, said Andre to buy CLSA Asia-Pacific Markets, initially beefing up their offshore
months. Company has 24% stake Roads, Arunachal Pradesh Work for Order size is Rs. 11.99 cr. Loesekrug-Pietri, chairman of A a highly regarded Hong Kong-based presence in more-or-less familiar
in the project. widening of roads, on NH-229 in the 13. Work for Reservoir at Capital, a China-Europe investment brokerage, from its French parent, Hong Kong, he said.
2. Work for Construction of state of Arunachal Pradesh. Project Anandapur, KolkataWork for fund. Credit Agricole SA, in a two-stage "They don't have a lot of people
Data Centre Building for Vodafone includes strengthening, construction of elevated service "There's a front-cover story every transaction worth $1.25 billion. who have experience managing big
India, Mumbai Work for construction improvement and re-alignment of reservoir at Anandapur, Kolkata other month about China buying up The deal is symbolic. Whereas international pools of capital,"
of Data Centre building at Navi existing roads. Order size is Rs. under JNNURM scheme from the world, but China is still a very CITIC is China's biggest brokerage, Courtis said. "So they will do this
Mumbai for Vodafone India. Order 171.23 cr. Kolkata Municipal Corporation. small player in international M&A," Credit Agricole is battling mounting step by step. We'll continue to see
size is Rs. 101.25 cr. The order will 8. Work for Roads and Order size is Rs. 5.5 cr. he said. losses in Greece, the epicentre of them move ahead slowly."
Largest Benze workshop Melbourne still ranked
opened in Mumbai most liveable city
Mumbai, Aug 21: Express Highway. AutoHangar, Equipped with sophisticated Chennai, Aug. 21: and skilled and innovative Festival, the Melbourne
Reiterating its core brand Mumbai has highly qualified, equipment and latest technology Melbourne has been named the workforce.” Baillieu said Melbourne International Arts Festival and of
philosophy of offering 'best or experienced and dedicated team of like remote sensing diagnosis used most liveable city in the world, rated highly in all of the EIU’s course the AFL Grand Final.
nothing', Mercedes-Benz India committed personnel who will take by Mercedes-Benz globally, the claiming the title again. Premier Ted criteria and received a maximum Australian cities dominated the
today inaugurated the largest ever care of all the service requirements workshop will be taking care of all Baillieu has welcomed the latest score in healthcare, education and rankings claiming four of the top 10
workshop by any luxury car of Mercedes-Benz customers. the servicing requirements of the rankings published today by the infrastructure. spots.
manufacturer in India, at Andheri, Mariwala said 'Increasingly the customers of Mumbai and also Economist Intelligence Unit’s (EIU) “Melbourne has a vibrant Adelaide tied with Calgary for fifth
(East) in north-west Mumbai. need for a world-class servicing those from neighbouring cities, Global Liveability Survey. multicultural community, a place while Sydney and Perth fell
Spread over a massive covered facility will define the way luxury car under a roof, he said. “Melbourne has stolen the crown renowned arts scene and world one place in the rankings to sixth
area of 1,00,000 sq ft, the new purchase is going to evolve in India. The workshop will provide round from Vienna for a second year in a famous food and wine as well as and eighth position respectively.
state-of-ar t workshop of The customer today is mature and the clock suppor t in service, row,” Baillieu said. “This confirms Australia’s best shopping and The EIU’s Liveability Ranking,
AutoHangar, Mercedes-Benz India's demands world-class servicing general repairs, body repairs, paint what all Melburnians know: leisure opportunities,” Baillieu said. part of the Worldwide Cost of Living
dealer partner in Mumbai, was standard that is available to their job, wheel alignment, wheel Melbourne is not only Australia’s “Our events calendar is packed Survey, assesses living conditions
inaugurated by Peter Honegg, counterparts across the globe. balancing, tyre change, car wash, best city, it’s the best city in the with iconic cultural and sporting in 140 cities around the world by
managing director and chief AutoHangar's new workshop is yet polishing and gamut of other world. events like the Spring Racing assigning a rating across five broad
executive of Mercedes-Benz India, another step towards the aim of servicing requirements, Mariwala “We are envied by the rest of the Carnival, the Australian Tennis categories of stability, healthcare,
and Mohan Mariwala, managing providing our customers, an added. world for our vibrant lifestyle, Open, the Grand Prix, the culture and environment, education
director of AutoHangar. unparalleled servicing standard that Mercedes-Benz has the densest competitive business environment Melbourne International Comedy and infrastructure.
Speaking on the sidelines of the reflects Mercedes-Benz's network spread across 31 Indian
inauguration, Mr Honegg said '... The
new world-class workshop of
philosophy of Best or Nothing.' cities through its 72 touchpoints.
Remove fuel subsidy
AutoHangar has been designed and
30% discount at Fastrack
created to provide a fascinating
'Mercedes-Benz experience' for the
Chennai, Aug 21;
Fastrack offers a cool 30% off on
Staying in-style this season is
in phases: GSI
The workshop has 54 servicing New Delhi, Aug. 21: gin with a small price hikeketing company. The Centre has been re-
its range of Genuine Leather Belts now easy on your pocket with
bays capable of servicing 60 cars Geneva-based Global in 2012 and follow it up GSI, which relied on peatedly trying to get
per day and employs 159 personnel and Wallets. Fastrack’s offering of Genuine
Grab your expertly crafted leather Leather Belts starting at Rs 345 and Subsidies Initiative (GSI) with a cap on the number studies by National Insti- states to cut down the tax
to take care of customer has suggested that the of cylinders that a house- tute of Public Finance and burden on consumers,
requirements. Strategically located belt and wallet till September 2 at Wallets starting at Rs 205 with
government should do hold could get at a subsi- Policy ( NIPFP) and Teri something that most
in one of the most prominent places a Flat 30% OFF. The wide range of more than 300 products options to to come out with its policy
away with political interfer- dized rate in 2013. The idea states are reluctant to do
of Mumbai at Saki Vihar Road, Belts and wallets on discount make choose from. ence in fixing diesel prices is to phase out subsidies prescriptions, also sug- as this is an easy source
Andheri (East), the new workshop available to both guys and girls an The offer is also available online; and complete the decon- gested that the current
over three to five years. Si- of revenue for them.
of AutoHangar is easily accessible exciting range of genuine leather just log onto www.fastrack.in to trol process in phases. multaneously, the poor practice of trade parity GSI has also suggested
from the West-East and Eastern products perfect for every know more. The agency has sug- could be given direct cash pricing - which fixes the reforms in the vehicle
gested that prices could transfers. price based on how much taxation structure, again
Maruti reopens Manesar be hiked by a rupee every
month till the subsidies are
Indian oil companies are
reeling under the burden of
selling petroleum products
a litre of petrol or diesel
would cost if 80% was
imported and 20% was
an issue that has been dis-
cussed for several months
without action. The gov-
plant amidst security In case of cooking gas,
GSI, which is part of the
International Institute for
below the prevailing global
prices and this has al-
ready resulted in a record
loss of over Rs 20,000
produced domestically - be
replaced with export par-
ity pricing, which means
that the price in the inter-
ernment has said that it
was considering a pro-
posal to levy higher excise
duty on diesel cars to
Manesar (Haryana), Aug.21: announced that only 300 permanent crore, while the overall production ment, has suggested that crore for IndianOil, the national market will be the check people from run-
Maruti Suzuki India today workers will resume work. Maruti loss during the lockout was pegged the government could be- country's largest oil mar- sole criteria.Further, there ning vehicles on subsi-
reopened its Manesar plant amid Suzuki India (MSI) Chief Operating at around Rs 1,400 crore. is a suggestion to change dized fuel, which is meant
heavy security, a month after a Officer (Administration) S Y Siddiqui MSI has also decided to terminate
lockout was declared due to the had said yesterday that the workers services of 500 permanent workers,
Bilcare inks deal the tax structure and get
states to lower the levy.
for poor households.
violence in which one senior would operate just a single shift from who were allegedly found to be
company official was killed and 100 8 am to 4:30 pm. involved in violence inside the plant.
with United Drug Alternatively, they could
be asked to raise their I have lost my original
Passport bearing No. A
others injured. Initially, about 150 cars are Besides, MSI is also said to be Mumbai, Aug 21: customers across US, spending as higher prices 8656085 issued on
Workers are standing in queue expected to be rolled out every day planning to remove another 500 Pharmaceutical Europe and Asia, it added. also result in higher rev- 10.02.2000 by Regional
outside the factory gate to enter the instead of the plant's normal contract workers over their alleged packaging solutions enue flow for the states. Passport Officer, Chennai,
plant amid heavy rain. Haryana capacity of 1,500- 1,700 units. role in the violence and arson. provider, Bilcare Ltd today while I was traveling in a
RCL FOODS LIMITED M.T.C. Bus Route No.46 on
Police has provided 500 personnel, Production will be gradually ramped Prior to the incident, the plant had said it has signed an Regd Office : 8.5.2012. Those who find the
out of which 200 are inside the up at the plant, which has an annual an employee strength of 3,300, of agreement with Ireland- No.84/85, Waltax Road, I Floor, Chennai-600 003.
passport is/are requested to
plant and 300 in areas around the capacity of 5.5 lakh units. which 1,528 were permanent. based United Drug Plc for NOTICE hand over the same to me.
facility. The company had declared a To increase the workforce, the the sale of its global Pursuant to clause 41 of the Listing Agreement, notice is hereby
given that meeting of the Board of Directors of M/s. RCL Foods Limited
Finders will be rewarded
Besides, the company has also lockout at Manesar plant on July company will start fresh recruitment clinical supplies (GCS) will be held on Tuesday the 28th day of August 2012, at No.84/85, 1st Usaa
formed its own special force 21 following the worst ever violence of permanent workers from businesses in the US and Floor, Waltax Road, Chennai - 600 003 at 4.00 p.m, inter - alia to
Daughter of Parthasarathy
September 2 and existing contract the UK for USD 61 million,
consider and take on record the Audited Financial Results of the Company
numbering 100, which includes ex- in its history on July 18. for the Financial year ended 31st March 2012. No.12/30, Ayyalu Street,
service men. The plant suffered damages workers will also be considered for nearly Rs 340 crore. For RCL FOODS LIMITED Vetri Nagar,
The company had earlier estimated to be less than Rs 10 the same. As per the agreement, Place: Chennai Nitesh R Lodha Chennai- 600082
United Drug will acquire Date : 20.08.2012 Chairman & Director Mobile: 99621 69061
Bilcare's Global Clinical
SHRI SHANTHINATH BENEFIT FUND LIMITED., Supplies (GCS) SARAVANA BENEFIT FUND
(Central Government Approved Nidhi Company) businesses in the US and LIMITED
Registered Office : No.719, Nehruji Road, Villupuram - 605602. UK for USD 61 million (Approved as ‘Nidhi’ Company by Central Govt.)
while Bilcare will retain its Regd Office:
COMPANY NOTICE 104, Rama Naicken Street, Nungambakkam, Chennai-600 034
Notice is hereby given that the 18th Annual General Body Meeting of the company will be held GCS business in Asia, the NOTICE
at the Registered office of the company at the above mentioned address on 15th September
company said in a filing It is hereby announced that the Twenty First Annual General Meeting
2012 at 10.45 a.m. Register of members and the share transfer books of the company will be
with BSE. of the shareholders of the fund will be held at the Registered Office on
Going forward, United Wednesday 12th September 2012 at 10 a.m to transact the business
closed from 9th September to 15th September 2012. mentioned in the notice displayed in the fund.
Drug and Bilcare GCS
(By order of the Board) Asia will work together to If any member wants any clarification on the annual report should
write to the company 7 days before the date of the meeting.
For Shri Shanthinath Benefit Fund Ltd., use their complementary Place: Chennai By Order of the Board
Place: Villupuram A.Ramalingam resources to meet the Date : 20.08.2012 S.R.Sooryakumar
Date : 15.08.2012 Chairman needs of their global Director