CORPORATE
ANNOUNCEMENTS
Alembic to launch sugar substitute
ALEMBIC'S over-the-counter division is to launch a sugar substitute next month that would be targeted primarily at a category of health conscious people. Mr Geogi E. Zachariah, who heads Alembic's consumer healthcare division, said the product ...
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Toyota drives in Landcruiser Prado
TOYOTA Kirloskar Motor (TKM) launched its premium SUV, the Landcruiser Prado, here on Friday. The vehicle will have an ex-showroom Mumbai price of Rs 35.85 lakh, Mr K.K. Swamy, Deputy Managing Director, TKM, said at a press briefing attended by ...
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Australian firm audits Granules facilities in AP
GRANULES India Ltd (GIL), the city-based pharmaceutical formulation ingredients (PFIs) manufacturer, has announced that its PFI facilities at Jeedimetla and Gagillapur near here were audited by the GMP Audit and Licensing Section of the ...
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Gulf Oil opens car care centres in Hyderabad, eyes other cities
GULF Oil Corporation Ltd, a lubricants manufacturer, has announced the launch of Gulf Authorised Mechanic Services (GAMS), a well equipped and high quality workshop in Hyderabad on Friday and plans more such centres across major cities in the ...
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PREFERENTIAL ALLOTMENTS
Sree Rayalaseema pref offer
HYDERABAD: Sree Rayalaseema Hi-Strength Hypo Ltd has informed the stock exchanges that the meeting of its board of directors would be held on November 24 to consider the proposal of preferential issue of 16,00,000 equity shares of Rs 10 each ...
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OVERSEAS BORROWINGS
Ispat in pact with euro-convertible bond holders
ISPAT Industries Ltd has informed BSE that it has reached an agreement with its euro-convertible bond holders to redeem its outstanding amount of $136.82 million. The company said the bond holders have approved the restructuring of the ...
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AWARDS & HONOURS
ONGC best oil co in Asia: Survey
NEW DELHI: Oil and Natural Gas Corporation Ltd (ONGC) has been rated the best oil and gas company in Asia by US magazine Global Finance. While the magazine's seventh annual survey of regional players and global leaders picked ONGC ...
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SHORT TERM INSTRUMENTS
Rajasthan Spinning issues CP
MUMBAI: Rajasthan Spinning & Weaving Mills Ltd has informed the Bombay Stock Exchange that it has on November 18, issued commercial paper for Rs 10 crore to Bank of Baroda based on the credit rating of A1+ assigned to the company by ICRA ...
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MERGERS & ACQUISITIONS
Mallya to hold talks with global brewers
THE board of United Breweries Ltd today empowered its Chairman, Mr Vijay Mallya, to carry out negotiations with leading global brewers following several unsolicited expressions of interest received from them. The board, which met today, took ...
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Simpson open offer for Amalgamations Repco at Rs 121
SIMPSON & Co has come out with an open offer to buy 21.47 per cent public stake (1.07 lakh shares) of group company Amalgamations Repco Ltd, at a price not less than Rs 121 a share. The price would be determined through a `reverse ...
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NEW PROJECTS
Maya Appliances sets up unit in Himachal
THE Rs 35 crore Maya Appliances Pvt Ltd, makers of the Preethi brand of mixies, like a whole host of companies that are headed for the hills, has set up a manufacturing unit at Nalagarh, an industrial estate in Himachal Pradesh. A company ...
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Long rails project commissioned at Bhilai Steel Plant
THE Government has commissioned a long rails project at a cost of about Rs 400 crore at Bhilai Steel Plant (BSP) of Steel Authority of India Ltd (SAIL) to produce 65-metre-long rails and further weld them to 260-metre-long panels in BSP. Weld ...
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Daikin acquires Shriram group's stake in jt venture
DAIKIN Industries Ltd, Japan (DIL), today announced the acquisition of 20 per cent stake held by the Shriram Group in Daikin Shriram Airconditioning Pvt Ltd (DSL). With this acquisition, DSL has become a wholly owned subsidiary of DIL and ...
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EVENTS
`Manufacturers should leave logistics to service providers'
MANUFACTURING companies will be better off letting professional service providers handle logistics and supply chain management so that they can concentrate on their core competency of manufacturing and also save on premium freight. This was the ...
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SOCIETY & DEVELOPMENT
Intel to help expand rural IT penetration
INTEL Corporation on Thursday announced a partnership with the Ministry of Communications and IT to create solutions for making technology more accessible to teachers in India, especially in the rural areas, as also to develop `computing ...
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STANDARDS & BENCHMARKS
`Quality is key to survival'
RAMACHANDRAPURAM: Mr B. Ramachandra Rao, Executive Director of Bharat Heavy Electricals Ltd (BHEL), has said that organisations needed to deliver quality products and services at competitive prices in order to survive and ...
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OUTLOOK
Priyagold to foray into South — Eyes 50% sales growth to Rs 300 cr this fiscal
SURYA Food & Agro Pvt Ltd is targeting 50 per cent sales growth to touch Rs 300 crore this fiscal. The company, which has till now been present with the `Priyagold' brand of biscuits in the northern and western markets, has already begun test ...
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ITC entry into new FMCG biz subject to shareholders' nod
THE Chairman of ITC Ltd, Mr Y.C. Deveshwar, said today that the proposed change in the objects clause of the Memorandum of Association of the company as an enabling provision for entry into certain new FMCG businesses, whether it was personal ...
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PEOPLE
Pavithran is COO of K Sera Sera
MUMBAI: The former Chief Operating Officer of Balaji Telefilms, Mr Rajesh Pavithran, has joined K Sera Sera Productions Ltd as Chief Operating Officer-Television, Wireless & Broadband. An alumnus of Institute for Technology and ...
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TRENDS
Infosys, Reliance, Tata, Wipro among world's most respected cos
INFOSYS Technologies, Reliance Industries, the Tata Group and Wipro were the four Indian companies rated among the world's most respected companies, according to a survey. Mr N.R. Narayana Murthy, Mr Mukesh Ambani, Mr Ratan Tata and Mr Azim ...
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