CORPORATE
POLLUTION
Rs 263 cr for VSP projects
Visakhapatnam: The Executive Director (Works) of Visakhapatnam Steel Plant, Mr P.K. Misra, on Friday announced that 15 more environment improvement projects would be taken up in the steel plant at a cost of Rs 263 crore. Inaugurating a ...
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OPEN OFFERS
MphasiS chief to sell 18.75 lakh shares to EDS
MphasiS BFL Chairman and Managing Director, Mr Jaithirth Rao, has offered to sell 18.75 lakh shares to EDS through the open offer. With his offer, Mr Rao's holding in MphasiS would get reduced to 2.8 per cent from the current 3.97 per cent. Mr ...
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CORPORATE DISPUTES
FLAG Tele wins arbitration case against VSNL
Financial impact of award on VSNL not clear as of now
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OVERSEAS BORROWINGS
Jet may go ahead with FCCB issue despite uncertain market
Size and timing of the issue depend on banks' advice
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ACCOUNTANCY
ICAI accounting standards soon for local bodies
The Institute of Chartered Accountants of India (ICAI), in association with Government Finance Officers' Association, will soon come out with separate accounting standards for local self- government bodies, including village panchayats and ...
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HUMAN RESOURCES
Toyota to open technical institute in Bangalore next year
Move to overcome trained manpower shortage in its factories
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RESTRUCTURING
HLL divests stake in Quest Intl
Hindustan Lever Ltd (HLL) has announced that it has divested its 49 per cent share holding in Quest International India Ltd (QIIL) for Rs 54 crore. The company had transferred the flavours and fragrances business into QIIL in ...
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MERGERS & ACQUISITIONS
S.P. Apparels picks 60.14 per cent stake in Crocodile Products
To invest Rs 25 crore in setting up company-owned stores; new management for Crocodile
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ALLIANCES & JOINT VENTURES
Ma Foi forms jt venture with IBD Oman
Ma Foi Management Consultants Ltd has formed a joint venture with IBD Oman. In the 70:30 partnership company called Ma Foi Management and Partners LLC, the Chennai-based placement company will have a majority stake, according to ...
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INTERVIEW
ABG Shipyard to raise $100 m for expansion
Mr Rishi Agarwal, Managing Director of ABG Shipyard, says the company is looking at raising $100 million for expansion. Its current orders on hand stand at Rs 2,200 crore. He further adds that the oil and gas fleet replacement would lead to ...
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Strides Acrolabs to raise $100 m for acquisitions
The Chairman of the Strides Acrolabs, Mr Arun Kumar, says the company plans to raise $100 million for future acquisitions. It hopes to complete the fund raising by the first quarter of FY07. He said the fund raising would lead to a 15-20 per ...
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RIGHTS ISSUE
Apollo Tyres to come up with 1:6 rights, public issue
Apollo Tyres Ltd (ATL) is to come up with a rights issue of equity shares, followed by a Rs 200 crore public issue. Both the issuances would be at a premium to the Rs 10 face value of equity share of the company. A committee of directors (fund ...
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OUTLOOK
Central Coalfields targets 42 mt output this fiscal
Encouraged by its performance in the last few years, the Ranchi-based Central Coalfields Ltd (CCL) has set an annual production target of about 67 million tonnes (mt) of coal in the terminal year of the Eleventh Plan (2011-12) as against its ...
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PERFORMANCE
Networth of 88 PSUs completely eroded, says CAG report
Likely to slow down divestment drive; recovery of loans becomes `doubtful'
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PEOPLE
New MD takes over at Bunge India
Mr Adhiraj Sarin has taken on as the Managing Director of Bunge India. Bunge, a $25 billion company with interests in agri-commodities, has been building its presence in the Indian market over the last five years through imports ...
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