CORPORATE
ANNOUNCEMENTS
Business Line — Paper size & print area reduction
With effect from the issue of October 3, 2006, the format of Business Line will migrate to the National Industry Standard Size. That is to say, as a consequence of web width (physical paper size) reduction, the print area will be reduced ...
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OVERSEAS BORROWINGS
ECB cap may be raised
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AWARDS & HONOURS
Award for BEML chief
The Bharat Earth Movers Ltd (BEML) Chairman and Managing Director, Mr V. RS. Natarajan, has been conferred the `Outstanding CEO Award' by the Indian Institution of Industrial Engineering (IIIE). He received the award at the ongoing IIIE annual ...
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MERGERS & ACQUISITIONS
Lupin not to buy Artifex Finance
Lupin Ltd will not pursue the memorandum of understanding that it signed in May this year to acquire 51 per cent equity in Belgium's Artifex Finance CVA, along with its subsidiaries including Dafra Pharma Ltd, a company focused on anti-malarials. ...
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Gujarat Heavy scouting for more acquisitions
Some of the deals may be clinched in the next few weeks
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OVERSEAS INVESTMENTS
Global consolidation moves — The side effects on Indian pharma
In a globalising world, local industry cannot remain immune to developments elsewhere. And when the local industry is one with large outward linkages — with interests in export markets, contract manufacturing for generic players worldwide, ...
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BONUS ANNOUNCEMENTS
ONGC record date for bonus share
Oil and Natural Gas Corporation (ONGC) in a communication to the NSE has said that October 30 is the record date to determine shareholders eligible for allotment of bonus shares in the ratio of 1:2 (one share for every two shares ...
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OUTLOOK
Force Motors plans entry into bus segment with MAN next year
Entire line of traditional three and four wheelers to be revamped
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Reliance in a fix over `rescue ship' directive
Centre invokes Indian Merchant Shipping Act rules
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MARKET BUZZ
HMSI plans Rs 400-crore capex
Honda Motor Scooters India, a wholly owned Indian two-wheeler subsidiary of the Japanese auto major, in India has announced expansion plans. The two-wheeler maker plans to invest about Rs 400 crore over the next three years for capacity expansion ...
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PEOPLE
ECIL has new CMD
Mr K.S. Rajasekhara Rao has taken over as the new Chairman and Managing Director of the public sector Electronics Corporation of India Ltd (ECIL) here. He succeeds Mr G.P. Srivastava. With over 35 years experience, Mr Rao was the ...
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