CORPORATE
BUYBACK
Revathi Equipment allots Rs 10 cr for buyback
The Coimbatore-based Revathi Equipment Ltd has fixed Rs 700 as the maximum price at which it will buy back the company shares from the stock market. The company has created a corpus of Rs 10 crore to fund the buyback plan. The company, in a ...
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NEW PROJECTS
EIH announces 12 new projects in India, abroad
To invest Rs 1,150 cr in 3 hotel projects; luxury train project on cards
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TI drops Orissa steel project plan
Tube Investments of India Ltd, a Murugappa group company, has dropped its plans for an integrated steel project in Orissa. The company had signed an agreement with the Orissa Government in April 2005 for a three-million-tonne-a-year steel plant ...
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Godrej & Boyce mulls furniture making unit in Karnataka/TN
Godrej & Boyce is looking at opportunities to set up a manufacturing unit for its furniture division in either Karnataka or Tamil Nadu. "This would enable us to decrease the time to market in the region," Mr Anil Mathur, Chief Operating ...
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Soaps maker VVF to push own brands
Investment over Rs 200 cr in expansion planned
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Kanoria Chem plans expansion
To invest Rs 150 cr in caustic soda factory
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Samsung to finalise plans for 2nd plant by Diwali
May invest up to $150 m; revenues to cross $2 b by 2008
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ALLIANCES & JOINT VENTURES
NLC inks pact with Gujarat for mine, power project
Total project cost estimated at Rs 7,500 crore
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RINL jt venture with Manganese Ore
Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant) and Manganese Ore India Ltd have formed a joint venture, RINMOI, with 50:50 equity, to produce ferro-alloys. The manufacturing unit, with 60,000 tonnes per annum, is expected to go into ...
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DIVERSIFICATION
Sumedha Fiscal into IT with Swedish co tie-up
Sumedha Fiscal Services, a Kolkata-based stock broking firm, has forayed into information technology, first by setting up a joint venture with a Swedish partner for providing ERP solutions and enterprise consulting. Sumedha Fiscal will hold 35 ...
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BONUS ANNOUNCEMENTS
Dr Reddy's approves 1:1 bonus issue
One equity share for every equity share held
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OUTLOOK
Hindalco promoters may raise stake to ward off takeover threat
Q1 net profit jumps 59 pc Rs 601.5 cr; sales up 94 pc
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Tata Motors, Hyundai eye used car market
Hyundai calls new biz `Hyundai Advantage'
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HM sales of CBU Montero to begin from Aug
First quarter loss at Rs 20.5 cr
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Assess viability of Kakinada refinery, Ministry tells ONGC
Second project that ONGC would be revisiting
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Texmaco earmarks Rs 200 cr for project investment
Texmaco Ltd, a KK Birla company, would be investing in excess of Rs 200 crore in the current fiscal in several projects, including doubling of existing wagon manufacturing capacity. Speaking to newspersons after addressing the shareholders at ...
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PERFORMANCE
Tata Tea registers 60% growth in exports
Plans restructuring activity in north Indian plantation
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PEOPLE
New Honda Siel GM, Marketing
Honda Siel Cars India Ltd has announced the appointment of Mr Jnaneswar Sen as Senior General Manager, Marketing. Mr Sen has moved to HSCI after a 15-year stint at Maruti Udyog Ltd, where he was Commercial Business Head, South ...
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Indraprastha gets new tech director
Mr Vinay Kumar has been appointed as technical director in Indraprastha Power Generation Co Ltd and Pragati Power Generation Co Ltd. He is an electrical engineering graduate from Roorkee University. He has experience in ...
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