CORPORATE
ANNOUNCEMENTS
Protiviti enters India
Protiviti Inc, a US-based global internal audit and risk consulting services provider, on Wednesday announced the launch of its operation in India with the opening of its offices in Mumbai and New Delhi. "India has one of the largest economies ...
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OVERSEAS BORROWINGS
India offers Qatar stake in Petronet
Stock surges 20 pc; Govt seeking 10 mt additional LNG
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Oudh Sugar to raise Rs 100-cr foreign capital
Hargoan distillery capacity to be increased
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Mahindra Gesco finishes $105 m QIP
Mahindra Gesco Developers Ltd (MGDL), a real estate and infrastructure developer, has completed a $105-million qualified institutional placement (QIP) meant for institutional bidders. The QIP was open from September 29 to October 4. Shares were ...
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NEW BUSINESS
BHEL bags power lines contract
Bharat Heavy Electricals Ltd (BHEL) has received its first commercial order for an indigenously developed Controlled Shunt Reactor (CSR), a device used in high voltage transmission lines. The order was received for supply, ...
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ACCOUNTANCY
Stress on measuring `intangibles' in company's growth
Conventional methods of accounting are inadequate to measure a company's development. Finance professionals need to bring in methods for measuring intangibles such as brand value, intellectual property and human resources, in order to reflect the ...
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MERGERS & ACQUISITIONS
Tetley acquires 33% in S. African tea co
Joekels is third largest player in the country
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Tata Steel reviewing takeover options
Corus shares climbed a new peak in more than six years in FTSE
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Kirloskar Bros eyeing buys; sets aside Rs 250-300 cr
Paper, pulp industry main areas
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OVERSEAS INVESTMENTS
Ashok Leyland to set up bus assembly unit in UAE
Initial investment to be $5 m
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REGULATORY BODIES & RULINGS
DVC comes under regulated power tariff regime
State-owned Damodar Valley Corporation (DVC), which so far had autonomy in fixing power tariffs, will now have to approach the State and central electricity regulators for the purpose. The Central Electricity Regulatory Commission (CERC) today ...
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ALLIANCES & JOINT VENTURES
M&M ties up with technical institute
Mahindra & Mahindra (M&M) has tied up with Centre Institute of Agriculture Engineering (CIAE) for research and development in farm supplements. Supplements help the tractor carry out multi-functional activities at any given point of time, ...
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INTERVIEW
Petronet will need 7.5 mt more LNG, says CEO
On the back of talks of a stake sale from Petronet LNG to Qatar Company, Mr P. Dasgupta, CEO and MD of Petronet LNG, said that the stake sale is indeed very likely. He added that the stake sale is needed for expansion of the rigs. As a result of ...
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SICK UNITS
Cabinet okays revival package for ECL
The Cabinet Committee on Economic Affairs (CCEA) has cleared a rehabilitation package for Eastern Coalfields Ltd (ECL) — a wholly owned subsidiary of Coal India Ltd (CIL). Briefing media persons, the Union Finance Minister, Mr P. ...
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OUTLOOK
M&M to invest Rs 400 cr in tractor biz
Mahindra & Mahindra Ltd on Thursday said it would invest Rs 400 crore in its tractor business over the next two to three years to set up a new greenfield plant, expand capacity and develop new products. "We have been gradually increasing our ...
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NTF plans car styling kits sales by year-end
Hopes to generate a Rs 25-cr business in 2 years
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Carborundum new plant may seek SEZ status
Carborundum Universal, which has inaugurated its Rs 50-crore plant at Sriperumbudur for producing coated abrasives, plans to apply for a SEZ status for the plant. The new plant is spread over 22.5 acres, just 2.5 acres short of the qualifying ...
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Cairn Energy starts drilling in Ravva field
Cairn Energy has launched its nine-month long drilling campaign in search of oil and gas in the Ravva field offshore Andhra Pradesh. It hopes to have a plateau production of 50,000 barrels of oil per day until the end of 2007. The company, ...
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PERFORMANCE
RSP hot metal output crosses 1 mt
For the first time in its history, SAIL's Rourkela Steel Plant (RSP) has crossed one million tonnes of hot metal production in the first half of the year. According to a press release issued by RSP, sinter production during April-September 2006 ...
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Hyundai Sept growth at 14 pc
Hyundai Motor India has reported a 14 per cent growth in domestic market in September compared to the same month last year, according to a press release from the company. It sold 16,415 vehicles during September in the ...
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