CORPORATE
BUYBACK
SEBI exempts Revathi Equipment promoters from buyback norm
The Securities and Exchange Board of India (SEBI) has exempted the promoters of Coimbatore-based Revathi Equipment Ltd, a mining equipment manufacturer, from making a public announcement of the buyback of equity shares. Utkal Investments and ...
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PREFERENTIAL ALLOTMENTS
UFO Moviez raises $22 m from 3i Group
UFO Moviez, a digital cinema chain, has raised $22 million of equity financing from 3i Group. 3i Group has subscribed to cumulative convertible preference shares issued by UFO Moviez and also has the option to invest an additional $3 million at ...
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NEW BUSINESS
Tech park goes green with Trane
Olympia Technology Park, promoted by the Khivraj Group in Chennai, has selected Trane for providing the heating, ventilation and air conditioning (HVAC) system. According to Khivraj sources, energy efficiency, environmental responsibility and ...
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AWARDS & HONOURS
Thinksmart awarded
Thinksmart, a city-based animation boutique and film studio, has bagged the best special effects award for its movie Atanokkade. The award will be presented by the A.P. Cinegoers Association on Saturday. ...
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COURTS/LEGAL ISSUES
HC grants bail to Sarda
A Division Bench of the Calcutta High Court comprising Justice Mr D. P. Sengupta and Justice Mr P. K. Deb on Thursday granted conditional bail to Mr Ghanashyam Sarda, one of the accused in the case pertaining to supply of ...
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MANAGEMENT
Focus on innovation, Stanford don's advice to Indian firms
`It is not enough if our companies do it cheaply. They should do it better. They should do it differently.'
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CORPORATE GOVERNANCE
`Practise good conduct for easy compliance of rules abroad'
The Securities and Exchange Board of India Chairman, Mr M. Damodaran, on Thursday came up with a piece of advice that domestic companies looking to go overseas through the acquisition route may well pay heed to. "If entities that are regulated ...
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OVERSEAS INVESTMENTS
Naza Motors of Malaysia to set up car plant near Chennai
Naza Motors, a Malaysia-based automobile company, is setting up a $150 million (Rs 675 crore) car plant at Sriperumbudur, near Chennai, according to Mr Dato Seri Samy Vellu, Malaysia's Minister of Works. According to a press release from the ...
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ALLIANCES & JOINT VENTURES
JSW Steel inks pact with West Bengal Govt
To set up a 10-mtpa plant at Salboni
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Petronet plans to build 2 additional LNG tanks at Dahej
Set to ink pact with Gujarat State Petroleum Corporation
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DIVERSIFICATION
Mercator Lines to foray into offshore oil exploration
Looking for global partners to form a consortium
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OUTLOOK
P.S. Group aims at pan-India presence
The P.S. Group on Thursday announced plans to expand its footprint to places such as Chennai, Coimbatore, Chandigarh, Pune and Jaipur. Over the next three years, the company will set up five shopping malls, 40 million sq. ft. in the form of ...
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PERFORMANCE
NEPC Textiles becomes debt-free
Coimbatore-based NEPC Textiles, which has become debt free, has decided to increase the capacity of the textile mill. In a communication to the NSE, NEPC Textiles Ltd said the company board, at its meeting held on January 10, recorded its ...
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