CORPORATE
ANNOUNCEMENTS
Focus Energy discovers gas in Rajasthan
Focus Energy Ltd, formerly known as Phoenix Overseas Ltd, has recorded a significant gas discovery in its onshore Rajasthan Block RJ-ON/6 in well SGL-1. This is a pre-New Exploration Licensing Policy (NELP) block, a company official said, ...
More
Essar bags GAIL gas pipeline project
Essar Constructions Ltd along with Daqing Petroleum Engineering International, China, has won the contract for laying a 30-inch high pressure gas pipeline from GAIL (India) Ltd. The Rs 129-crore pipeline will cover the distance ...
More
PREFERENTIAL ALLOTMENTS
Vivimed Labs plans $75-m pref issue
Vivimed Labs Ltd is planning to raise funds to the tune of $75-million through preferential issue of certain securities in the global markets aimed at part financing its expansion programme. The company has informed the stock ...
More
AWARDS & HONOURS
Award for Jagson Airlines president
Mr Uttam Kumar Bose, President and Chief Operating Officer, Jagson Airlines, has been awarded the Bharatiya Shiromani Puraskar for his contribution to growth in the private aviation sector. Also, Jagson Airlines has received a Gold Medal from the ...
More
FINANCIAL PERFORMANCE
Indraprastha Gas FY net rises 14.5 pc
Indraprastha Gas Ltd (IGL) the sole supplier of compressed natural gas (CNG) and piped natural gas (PNG) in the National Capital Territory of Delhi on Wednesday announced that the company's gross turnover has increased to Rs 609.62 crore in ...
More
IPR
RPG Life gets Australian patent
RPG Life Sciences Ltd (RPGLSL) has received an Australian patent for its novel formulation of cyclosporin, an immunosuppresant used in patients that have undergone transplants. The patent would allow RPGLSL to market the ...
More
MERGERS & ACQUISITIONS
Orchid gearing up for overseas buys
Set to enter European market this year
More
Lupin to pick up 51 pc in Belgium's Artifex
Lupin Ltd has signed a memorandum of understanding to acquire 51 per cent equity in Belgium's Artifex Finance CVA, along with its subsidiaries including Dafra Pharma Ltd, a company focussed on anti-malarials. Artifex is the holding company ...
More
Acquisitions on the radar for Ranbaxy's promoter-scions
Focus on consolidation; Fortis looks at inorganic growth
More
NEW PROJECTS
Tata Motors to expand UP plant; invest Rs 350 cr
Tata Motors has decided to expand its facility in Uttar Pradesh, including the addition of a new assembly line for commercial vehicles, with an investment of Rs 350 crore. "The expansion will include setting up a paint shop, welding shop and a ...
More
Prajay to begin work on techno park in July
More
ALLIANCES & JOINT VENTURES
OVL signs production sharing contracts with PetroVietnam
Gets both blocks it bid for against international competition
More
Cendant Travel signs pact with Virgin Blue
Next-gen passenger services system from IBS Software
More
INTERVIEW
Thermax eyes 30% growth in profits, revenues
Mr Prakash Kulkarni, Managing Director, Thermax, says the company is eyeing a growth of 30 per cent in revenues and profits. The present position of the order book is at Rs 1,550 crore, with 90 per cent in the energy domain. He says the ...
More
OUTLOOK
L&T making enquiries to import cement
Says even if prices are higher, quality will be better
More
Live Market Watch seeks tie-up with BSE
The company, which brings NSE feed to subscribers' mobile phones, is in talks with the boursesand with stock broking outfits.
More
Hindalco defers plant shutdown
Hindalco Industries Ltd has deferred the planned shutdown of a copper smelter at Dahej in Gujarat as it was found in good condition. The non-ferrous metals major had planned to shut down the smelter from May 15 for routine ...
More
Sical to double fleet strength
Sical Logistics plans to nearly double its fleet strength to expand its road transportation operations for bulk and containerised cargo during the current year. According to a press release from the company, Sical will add 300 vehicles in ...
More
PEOPLE
No extension for Subir Raha
Senior-most director R.S. Sharma acting CMD of ONGC
More
TRENDS
MARKET SURVEY
Hangovers cost Bangalore corporates Rs 47 cr
On an average, a Bangalorean spent around Rs 200 for his drink during the weekends.
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds