CORPORATE
ANNOUNCEMENTS
Nissan launches X-trail basic version
Nissan has launched a basic version of X-trail, pricing it below Rs 20 lakh, while introducing a new version of the same vehicle. Nissan India's country head for marketing, Mr Neeraj Garg, told Business Line that the new ...
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DIVIDEND ANNOUNCEMENT
Prajay Engg to pay 20 pc
Prajay Engineers Syndicate, a construction company, has announced that its board has recommended a dividend of 20 per cent for 2005-06. In a release, the company said that the dividend comes on the back of strong results for the ...
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SOFTWARE
Emami implements mySAP solution
Personal, healthcare and beauty products manufacturer Emami Ltd has successfully implemented mySAP Business Suite Solution, integrating its core functions. The mySAP Business Suite solution, implemented by Wipro Infotech with ...
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RESTRUCTURING
Fiat shifting production to Ranjangaon
Fiat has started shifting operations from Kurla in Mumbai to Ranjangaon in Pune district. The new plant is located in an industrial development zone. The shift is part of the strategy that Fiat has adopted to achieve cost efficiencies to the ...
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MERGERS & ACQUISITIONS
Vestas Wind sells stake in jt venture to Indian partner
To operate through arm, NEG Micon
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NEW PROJECTS
JCB inaugurates export-oriented component making facility near Pune
India a significant market: Chairman
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Funding Parabolic Drug co expansion
Parabolic Drugs Ltd (PDL), manufacturer of Active Pharmaceutical Ingredients (API) and API intermediates, has secured $1 million from Mauritius-based FII Minivet Ltd for a 4.9 per cent equity stake in the company, a company ...
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OVERSEAS INVESTMENTS
Simplex plans to venture into SE, Central Asia
Simplex Infrastructures Ltd, whose overseas presence is mostly confined to West Asia, now eyes opportunities in North Africa, South East Asia and Central Asia, according to Mr A.D. Mundhra, Director, Simplex Infrastructures Ltd. Mr Mundhra told ...
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ALLIANCES & JOINT VENTURES
Gera Developments joins Citigroup for $125-m project
The project would be coming up at Kharadi, located on the eastern part of Pune.
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DIVERSIFICATION
Reliance ADA to launch radio station
The Reliance ADA Group is to soon launch its radio station — Big FM. In a statement the company has said that in the first phase of the roll out would see the radio station covering Delhi, Hyderabad, Bangalore, Chennai, ...
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OUTLOOK
GGCL plans to procure natural gas via PMT venture
To support plan to expand supplies to new locations in Gujarat
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Cairn says it has complied with DGH norms on gas reserves
Oil regulator wants E&P cos to announce gas finds only after consulting it
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Skoda Octavia to get a facelift too
Co to `Elegance' variant of Skoda Laura at sub Rs 15- lakh price
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Maruti targets 1 m unit sales by 2010
Plans to invest Rs 6,000 cr to set up new plant, diesel engine unit
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Cairn exploring potential in midstream oil, gas sector
`Discussions currently on with Indian Government and third parties'
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PERFORMANCE
Ashok Leyland Aug sales up 37%
Ashok Leyland sold 6,483 trucks last month compared with 4,737 vehicles in August 2005, registering a rise of 37 per cent. In the April-August period of the current year, the company sold 28,754 vehicles against 22,340 in the ...
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PEOPLE
V.S. Jain is Jindal Stainless MD
The former Chairman of Steel Authority of India Ltd, Mr V.S. Jain, has taken over as the Managing Director and CEO of Jindal Stainless Ltd controlled by Mr Ratan Jindal. Mr Jain had relinquished his post at SAIL on July 31 this ...
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G.C. Daga joins IOC board
NEW DELHI: Mr G.C. Daga has joined the Indian Oil board as its Director (Marketing), said a release. Prior to joining Indian Oil, Mr Daga was Director (Finance) of Steel Authority of India Ltd (SAIL). Prior to his two-year stint in ...
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US realty co new appointments
Jones Lang LaSalle, a NYSE-listed real estate services firm on Tuesday announced that it would consolidate and strengthen its India-based operations through a slew of new appointments. Mr Chris Hunt has been appointed Regional ...
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