CORPORATE
ANNOUNCEMENTS
DLF doubles land bank; silent on valuations
DLF has doubled its land bank in the last six months and its IPO has been on hold. The company has disclosed a land bank of 10,255 acres in the draft red herring prospectus filed with the SEBI on Wednesday, which is more than double the 4,265 ...
More
IOC liquidates Rs 806-cr oil bonds
Indian Oil Corporation Ltd (IndianOil) has liquidated Rs 806-crore worth of oil bonds maturing in 2021 and 2023 in the secondary market trade. In a statement issued here on Thursday, the company said that the sale was concluded through book ...
More
OVERSEAS BORROWINGS
PowerGrid seeks $2 b loans; plans IPO in April-May
Loans to fund power transmission projects
More
INSIGHT
Mergers & Acquisitions — India Inc. on the prowl
Indian companies have realised the benefits of expanding through investments abroad. Happily, the gains spill over to the home economy and local industries too.
More
HUMAN RESOURCES
Tata Motors selects Singur residents for training
Tata Motors has selected a group of 11 trainees from Singur villages for 6-months training, according to a press release from the company. The 11 trainees, all of whom have in the past attended Government-run Industrial Training Institute ...
More
MERGERS & ACQUISITIONS
Sesa Goa rises on reports of Arcelor-Mittal buy bid
Shares of Sesa Goa climbed by 3.6 per cent on the BSE on Thursday in the wake of reports that the world's largest steel-maker Arcelor-Mittal has bid to buy a controlling stake in the company. Shares of the company closed at Rs 1,551.55 on ...
More
Wellspring acquires Jankharia Imaging
Wellspring, the chain of pathology laboratories and diagnostic centres promoted by Nicholas Piramal India Ltd (NPIL), has acquired radiology and imaging centre Jankharia Imaging for an undisclosed sum. The new entity would be renamed ...
More
DMC Intl picks up 10 pc stake in Jaaydaad.com
Delhi-based real estate player DMC International Ltd has picked up 10 per cent stake in property shops franchising company Jaaydaad.com for Rs 4 crore. The valuation of the stock of Jaaydaad.com has been done at Rs 110 per share. "The stake ...
More
Global Vectra buys 3 Bell copters
Global Vectra Helicorp Ltd (GVHL), a part of the UK-based Vectra group, has acquired three new Bell 412 helicopters for $22.5 million, the company said in a statement on Thursday. The acquisition has been funded through equity ...
More
NEW PROJECTS
NHPC outlines Rs 30,000-cr capex
14 projects lined up for 11th Plan period
More
DaimlerChrysler signs MoU with Maharashtra
To set up new unit in Pune; operations to begin by Jan `09
More
DIVERSIFICATION
Alkem Labs forays into health foods segment
Plans to roll out low calorie juices, jams
More
OUTLOOK
Hero Group evaluates foray into electric three-wheelers
Launches `Hero Electric' 2-wheeler
More
French salon chain plans 50 outlets in India
After luxury watches and luxury accessories, it is now foreign luxury salons that are looking to grab the attention of the burgeoning number of high net worth households in India. French salon Jean Claude Biguine, a € 150-million hair and ...
More
ABT X Travels to launch new services
Within two months of introducing the long-distance omni bus service between Coimbatore-Chennai, Pollachi-Chennai and Tirupur-Chennai, ABT X Travels has decided to expand its operations by launching the Bangalore-Coimbatore, Bangalore-Pollachi ...
More
Soma Enterprise eyes realty projects
Soma Enterprise Ltd, the city-based infrastructure company with an order book of Rs 5,000 crore, has set its eyes on real estate projects. The company will set up a separate division to take up real estate projects. To begin with, the company ...
More
PEOPLE
R.A. Somani to head Dalmia Cement project
Mr R.A. Somani has been appointed as the ED - Projects at Dalmia Cement (Bharat) Ltd. Based in Hyderabad, he will head the Kadapa Cement Project in Andhra Pradesh and the setting up of the greenfield project. Mr Somani will be in charge of ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds