CORPORATE
ANNOUNCEMENTS
Kirloskar bidding for global EPC projects
Kirloskar Brothers Ltd has said that exports will constitute almost 30 per cent of its revenues in the next five to six years. It is in the process of transition from being only a pump manufacturer to that of a major EPC (Engineering, Procurement ...
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Sundaram Brake to pay 50% interim
SUNDARAM Brake Linings has reported a turnover of Rs 29.92 crore for the quarter ended December, against Rs 26.52 crore in the corresponding quarter of last year, a rise of 12.8 per cent. The company's net increased marginally to Rs 2.35 crore ...
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RESTRUCTURING
Nath Seeds to spin off agri-businesses into 3 independent cos
NATH Seeds Ltd has decided to spin off its three agri-businesses - hybrid seeds, corporate farming, teak plantation and real estate - into three independent companies. The company had received consent from the Bombay High Court to ...
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MERGERS & ACQUISITIONS
Suven to mull Synthesis merger
HYDERABAD: Suven Life Sciences Ltd has informed the stock exchanges that the Andhra Pradesh High Court has directed it to hold a meeting of its equity shareholders on February 13 for the purpose of considering and if thought fit approving ...
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CORPORATE GOVERNANCE
SEBI says corporate governance rating is not mandatory
THE Securities and Exchange Board of India does not intend to compel companies to get their corporate governance practices rated by credit rating agencies, said Mr T.M. Nagarajan, its Whole-Time Director, on Saturday at a workshop on corporate ...
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RIGHTS ISSUE
Shiva Cement plans rights issue
MUMBAI: Shiva Cement Ltd has informed the BSE that the meeting of the board of directors will be held on January 27, to consider the right issue of equity shares by the ...
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BONUS ANNOUNCEMENTS
Suprajeet to issue 1:1 bonus, pays 45 pc interim
SUPRAJEET Engineering, a Bangalore-based automotive cable and speedometers manufacturer, has decided to issue 1:1 bonus shares to its shareholders. The company has also decided to split the existing shares of Rs 10 each into 2 shares of Rs 5 ...
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OUTLOOK
Power tariff hike upsets Indal re-opening plans
RE-OPENING of the Aditya Birla Group's Indian Aluminium Industries (Indal) unit at nearby Eloor has become uncertain as the Power Trading Corporation is said to have increased its power tariff. Senior official sources told Business Line ...
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PEOPLE
Carlton Pereira is new finance chief for KPMG India
KPMG India has announced the appointment of Mr Carlton Pereira as the head of its Corporate Finance and Corporate Recovery business with effect from February 01 2004. Mr. Pereira will join in place of Mr Ardeshir Contractor, who is leaving the ...
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