Financial Daily from THE HINDU group of publications
Thursday, July 14, 2005
Financial Daily from THE HINDU group of publications Thursday, July 14, 2005 |
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CORPORATE ANNOUNCEMENTS Suzuki Motorcycle plans Indian launch in Oct with 125-cc bike SUZUKI Motorcycle India Pvt Ltd is planning to kick off its Indian operations with a 125-cc mass market motorcycle in end-October. The company is making an initial investment of Rs 200 crore to bankroll its Indian operations, sources ... More
PREFERENTIAL ALLOTMENTS Superstar Exports to buy 15.61 pc stake in SQL Star SUPERSTAR Exports Pvt Ltd (SEPL) has agreed to acquire 15.61 per cent equity holding in SQL Star International Ltd through preferential offer route. The proposed preferential offer also includes issue of share warrants in favour of three ... More OVERSEAS BORROWINGS Uttam Galva raises $30 m thru FCCBs UTTAM Galva Steels today announced that it has raised $30 million through five-year foreign currency convertible bonds. The bonds, which mature in 2010, carry coupon of two per cent payable semi-annually. The yield to maturity is set at 7.25 ... More CREDIT RATING Crisil sees steady ratings scenario CRISIL has predicted a steady ratings scenario for the rest of the year, despite pressure building up on corporate profitability because of escalating commodity prices. The agency, which has lately recorded 18 upgrades and only two downgrades ... More RESTRUCTURING Williamson Tea board revamped WITH the Khaitans formally taking over 17 tea gardens from the London-based Magors for a consideration of £21.35 million (about Rs 162 crore), the board of directors of Williamson Tea Assam Ltd was reconstituted on Wednesday. Mr B.M. Khaitan ... More MERGERS & ACQUISITIONS Ocimum buys German co's genomic diagnostics division — To merge US, India operations OCIMUM Biosolutions, a life sciences company, has acquired the Genomic Diagnostics division of the German MWG Biotech AG. It also plans to merge its India and US operations. The company has bought the MWG Biotech's division, which specialises ... More REGULATORY BODIES & RULINGS Appointing commissioner to review records — Birla Corp minority shareholders' plea turned down THE Company Law Board (CLB) today rejected the request of minority shareholders in Birla Corporation Ltd (BCL) for appointment of a local commissioner to authenticate the records of the company as well as the entities holding shares in it. The ... More
FDA bans sale of `Red Bull' SECURITY 
Information security is not a custom, more honoured in the breach than in the observanceTHREATS are increasing in sophistication, even as employees are lacking in awareness and training, laments the `2005 Global Security Survey' on `security threats at the world's largest financial institutions', from Deloitte ... More PUBLIC OFFER BEML shareholders clear Rs 400-cr issue SHAREHOLDERS of Bharat Earth Movers Ltd (BEML) at today's EGM approved the company's proposed public issue of 72 lakh shares to raise Rs 400 crore. The issue, the premium of which will be decided through book-building, will be subject to ... More DIVERSIFICATION ONGC forays into power, to set up project in Tripura While ONGC would hold majority stake in the venture, it is in talks with PTC to subsequently pick up a minority stake in the SPV. More SICK UNITS GKW shines on BIFR deal THE GKW stock today hit the upper circuit on the NSE as the Board for Industrial and Financial Reconstruction approved its rehabilitation package. The stock frozen at the 10-per cent circuit at Rs 30.25. About 3.26 lakh shares changed hands in ... More OUTLOOK ONGC to be worst hit under subsidy sharing OIL and Natural Gas Corporation (ONGC) will have to bear the maximum burden under the subsidy sharing formula being worked out by the Petroleum Ministry. The Ministry is understood to have asked ONGC to pay Rs 2,870 crore for the first quarter ... More
TRENDS Only by design `A well-developed corporate identity helps build recall and relationships.' Indian design is still nascent, though it has picked up in the last five years. More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jul. 3-Jul. 9 `Acquisitions: Indian cos outperform foreign firms' Volvo wants to make a big push in India BHEL bid to build 400-MW power plant in Sudan Dalmias in talks to buy outsourcing firm in US Hong Kong co to acquire 20% stake in Karvy Broking ONGC keen on coal bed methane projects — Shortlists 8 companies for final bidding |
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