Outlook launches Indian edition of Marie Claire
Mumbai: The Outlook Group has launched Marie Claire, a women's magazine, in partnership with Groupe Marie Claire of France.

Winner of the Best Women's Magazine and Magazine of the Year award for 2005, the magazine reportedly has over 14 million readers worldwide. It also has 25 editions in 13 languages across the world, and sells over four million copies.

The Indian edition marks the 26th for the magazine and will be positioned as "thinking women's fashion magazine." Targeted at women between 25 and 35, the magazine promises to give women what they want; fashion coverage, beauty tips, and features stories. The magazine will be priced at Rs50 and contain around 230 pages.
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Yahoo releases My Web 2.0 in India
Bangalore: Yahoo! Search has announced the release of My Web 2.0 in India. The platform enables users to create their own personal online archive by saving their favourite pages, search results, and search history to My Web.

Users can now save, organise and find pages to browser bookmarks, as the pages can be tagged and organised, and the contents of the pages are fully searchable and can be cached. Additionally, unlike bookmarks, a user's "My Web" is accessible from any computer (much like Web mail), with no risk of losing saved bookmarks.

My Web 2.0 also provides significant feature enhancements to the earlier My Web product based directly on user feedback.
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Solix Tech to partner Sun
Hyderabad: Solix Technologies has announced it is now a principal partner in the Sun Partner Advantage Programme for Independent Software Vendors (ISVs).

Solix joins the growing community of ISVs that are developing applications for or porting applications to the Sun platform.
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Reliance links President's keynote address to Univ. of California
New Delhi: Reliance Communication's telecom solution was chosen to connect Rashtrapati Bhavan and the University of California, during the recently held US - India summit in education, research and technology.

A.P.J. Abdul Kalam, president of India, had given the keynote address of the summit organised by the California Institute for Telecommunications and Information Technology (Calit2). The president's address was beamed live from the Rashtrapati Bhavan to a larger audience in San Diego using 50 Mbps bandwidth through Reliance's Virtual Private Network (VPN) services.

According to the company while the State-owned MTNL provided dark fibre connectivity into the Rashtrapati Bhawan, Reliance Communications provided fully redundant connectivity between New Delhi and Los Angeles, California.
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Pipavav box terminal capacity to double
Mumbai: APM Terminals, part of the APMoller-Maersk Group, which formally took over Gujarat Pipavav Port Ltd in May last year, has said that it will double its container terminal capacity at Piapavav to one million TEUs by 2008 and develop a new container berth of 350 m.

APM Terminals took full management control of the 800-acre port in May last year, soon after which it signed an MoU with the Gujarat Government for investing Rs1,000 crore over the next three years and Rs4,336 crore more up to 2014.

Container traffic handled at Pipavav has grown from 62,087 TEUs to 81,723 TEUs last fiscal, and is projected to increase to 2.53 lakh TEUs next year. The port hopes to surpass the one-million-TEU mark by 2010. It's bulk cargo handling is expected to increase to 5.56 million tonnes by 2010 from 2.03 mt last year.

With a 725-m-long quayside, Pipavav port has a five-lakh-TEU capacity container terminal, apart from a container freight station.
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Ashok Leyland vehicle sales up 21 pc in May
Chennai: Ashok Leyland Ltd sold 5,631 vehicles in May, a 21 per cent increase over the 4,655 vehicles it sold in May last year.

Domestic sales accounted for 5,322 units, a 23 per cent growth over the 4,332 vehicles sold in the corresponding period last year and exports 309 units (323 units), according to a company press release.
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BPCL may rope in partner for Bina refinery
Coimbatore: Bharat Petroleum Corporation Ltd (BPCL), which has commenced work on the construction of 6 million tonnes (mt) refinery at Bina in Madhya Pradesh, is looking for a partner to implement the project, which is expected to cost around Rs5,000 crore. The company has already enhanced the capacity of its refinery at Mumbai to 12 mt.

Work on the Bina refinery has just commenced and is expected it to be commissioned by December 2009.
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BHEL secures Gammon order
New Delhi: State-owned Bharat Heavy Electricals Ltd (BHEL) on Monday said it has secured an order for setting up a 5x30 MW lift irrigation scheme at Kalwakurthy in Andhra Pradesh.

The order for the lift irrigation scheme has been placed by Gammon India, who secured the turnkey contract for the project from the Andhra Pradesh Government, a BHEL release said.

The company's scope of work envisages design, manufacture, supply, testing and commissioning of pumps, motors, controls and other associated auxilliaries. The scheme would irrigate 2.75 lakh hectares of parched land in the state, BHEL said.
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Sify acquires US-based Globe Travels
Chennai: Sify Ltd, a provider of consumer Internet and enterprise services, has acquired the US-based Globe Travels, which issues e-tickets on the India-US travel circuit. Financial aspects of the deal were not disclosed.

This acquisition marks Sify's entry into the online travel business, particularly e-ticketing, the category with highest revenues and fastest growth in online e-commerce, company officials said.

Globe Travels has over one lakh customers in the US and is accredited by the International Air Transport Association (IATA).

Globe would use Sify's Samachar.com, a news portal, to tap the large Indian diaspora in the US. In India, Sify is well placed with 3,300 iWay cyber cafes across 153 cities and each of these cyber cafe can operate as an e-store from where existing and new customers can make online travel arrangements or purchase e-tickets.
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Glenmark and Paul Royalty in $27mn deal for dermatological products
Mumbai: Glenmark Pharmaceuticals Ltd has informed BSE that, Glenmark Pharmaceuticals Inc (GPI), a wholly owned subsidiary of the Company, has announced a unique royalty deal with Paul Capital Partners Royalty fund [Paul Royalty], a leading, international healthcare Investment fund.

Under the terms of the arrangement, Paul Royalty will invest up to $27mn to finance the development of 16 dermatological products by the company for the US market. In return Paul Royalty will receive undisclosed royalties on net sales. The products in the portfolio currently have a total US market revenue of about $1bn.

DSP Merrill Lynch and Greenberg Traurig LLP were the company's financial and legal advisors respectively for the deal.

Under the agreement, the Company will be responsible for pre-clinical development, will manage, the clinical trial and manufacture the products; GPI will be responsible for filing the abbreviated new drug applications (ANDAs) and, upon approval, marketing the products in the US.
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Corporate results: Titan, TCFC Finance, Praj

Titan Industries announces Q4 & FY 06 results
Titan Industries Ltd has announced the following results for the quarter & year ended March 31, 2006:

The unaudited results are as follows

The Company has posted a net profit of Rs372.10 million for the quarter ended March 31, 2006 (Q4 FY 05-06) as compared to Rs146.80 million for the quarter ended March 31, 2005 (Q4 FY 04-05). Total income (net of excise) has increased from Rs3187.70 million in Q4 FY 04-05 to Rs4240.30 million for Q4 FY 05-06.

The audited results are as follows

The company has posted a net profit of Rs736.20 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs249.50 million for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) has increased from Rs10994.50 million in FY 04-05 to Rs14426.10 million for FY 05-06.

The audited consolidated results are as follows:

The Group has posted a net profit (after share of profits less losses of associates) of Rs809.30 million for the year ended March 31, 2006 (FY 05-06) as compared to Rs 209.30 million for the year ended March 31, 2005 (FY 04-05). Total Income (net of excise) has increased from Rs 11065.40 million in FY 04-05 to Rs 14455.20 million for FY 05-06.

The company board has recommended a dividend on the equity shares of 30%, free of tax (previous year 20%, free of tax).

TCFC Finance board recommends dividend
TCFC Finance Ltd has informed BSE that the board of directors of the company at its meeting held on June 05, 2006, inter alia, has recommended a dividend of 12% amounting to Rs1.20 per equity shares of Rs10/- each.

Praj posts Rs267-cr turnover
The board of directors of Praj, ethanol technology company, has stated that it has recorded sales of Rs267 crore (Rs235 crore) for the financial year 2005-06 with a PBT of Rs32 crore (Rs28 crore).

The company has improved performance in terms of EBIDTA margins, which are at 13 per cent compared to 12 per cent in the previous fiscal.

As on date, Praj has orders on hand worth over Rs450 crore. He said the board has approved investment of funds received through preferential allotment to expand research and development centre and other resources.
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