CORPORATE
PREFERENTIAL ALLOTMENTS
Aeneas lets Igarashi warrants expire
Aeneas Evolution Portfolio Ltd, the Cayman Island-based hedge fund that had 8.5 lakh convertible warrants in the Chennai-based Igarashi Motors Ltd, has let the warrants expire. The hedge fund had picked up a 6.12 per cent stake in Igarashi ...
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INSIGHT
The application of tax treaties
The practice of applying DTAA vis-à-vis domestic law varies from country to country.
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FINANCIAL PERFORMANCE
Riding on good corporate earnings: Chidambaram
The Finance Minister, Mr P. Chidambaram, on Friday said that the record high scaled by the BSE's sensitive index reflected good corporate performance and expectations of better results from some companies in the remaining part of the current ...
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CORPORATE BONDS
Indian Oil liquidates Rs 985-cr oil bonds
Indian Oil Corporation Ltd (IndianOil) has liquidated Rs 985 crore worth of oil bonds maturing in 2015 in the secondary market trade on Thursday through the book-building route. According to a statement issued here the company said that the ...
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RESTRUCTURING
Ruia group to revamp shareholding pattern
3 holding cos to control 3 different lines of business
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MERGERS & ACQUISITIONS
DLF picks up 19 pc in Feedback Ventures
DLF Universal has picked up 19 per cent stake in Delhi-based infrastructure consultancy Feedback Ventures Pvt Ltd for about Rs 16 crore. "The total value of Feedback is Rs 84 crore and we paid 19 per cent of that to pick up the stake," said Mr ...
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Ruia earmarks Rs 150 cr for sugar acquisitions
Kolkata-based Mr Pawan Kumar Ruia is planning acquisition of close to 3,000 tonne sugarcane crushing capacity in the near future. He has earmarked Rs 150 crore to fund the acquisition plan. Apart from the sugar production, the acquisition ...
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NEW PROJECTS
Banswara Syntex plans to hike capex
Banswara Syntex Ltd (BSL) plans to spend an additional Rs 150 crore on capacity expansion, pushing total capital expenditure to Rs 260 crore. The company plans to add 40,000 spindles and 48 shuttleless looms, raising the spindle and looms ...
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Cambridge University Press opens new office
Stake in Foundation Books to boost publisher's reach.
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Jagjanani Textiles plans Rs 54-cr expansion
Jagjanani Textiles Ltd (JTL) is going for an expansion and forward integration programme with a total investment of Rs 54.17 crore. It includes setting up a ring spinning unit of 6,000 spindles for manufacturing fine cotton yarn and upgradation ...
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OVERSEAS INVESTMENTS
Autoline to set up new facility for wheel rims in UAE
Production likely to begin in February
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`Start-up cos can opt for L-1 US visa'
Companies wanting to set up offices in the US can look at the L-1 visa as an alternative to the H1-B visa, said Mr Venkat Ramineni, Founder, VisaPro Immigration Services, LLC, US. Speaking at a seminar on `US Immigration Strategies', he said ...
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Swiss co opens liaison office in Coimbatore
Swiss textile machinery manufacturing company SSM Scharer Schweiter Mettler AG, a global leader in yarn processing and precision winding machinery, has set up its India liaison office in Coimbatore. The liaison office with a backup of six ...
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ALLIANCES & JOINT VENTURES
Granules, Chinese co form jt venture
50:50 entity to manufacture, sell pharmaceutical APIs
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OUTLOOK
Meridian IQ eyes acquisitions in logistics sector
Plans to acquire cos in freight forwarding, customs brokerage services space
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ONGC seeks to maximise marginal oilfields
Plans to unlock small pools of hydrocarbon reserves
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Yash Birla group to invest Rs 550 cr
Looking for partner for solar energy foray
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PEOPLE
Prasad Menon new Tata Power MD
Tata Group has shifted Mr Prasad R. Menon, Head of Tata Chemicals, to Tata Power Company as its Managing Director and elevated Mr Homi Khusrokhan as MD of Tata Chemicals. The changes will be effective from October 16. A ...
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