CORPORATE
ANNOUNCEMENTS
Phillips Carbon earns Rs 2.8 cr from CERs
Generates power at Vadodara plant by utilising process flue gases
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DIVIDEND ANNOUNCEMENT
Nestle India: Over-reaction to dividend?
The maxim - "buy the rumour, sell the news" appears to have played out to a tee in the case of the Nestle India stock. The stock had climbed by about Rs 80 to Rs 1,245 levels over the past week on expectations that the company would return ...
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NEW BUSINESS
ABB India bags Rs 186-cr deal from Karnataka Power Transmission
ABB India has won a contract for a turnkey project worth Rs 186 crore from the Karnataka Power Transmission Corporation Ltd (KPTCL) to implement an integrated Network Manager SCADA/ EMS/DMS (Supervisory Control and Data Acquisition, Energy ...
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MERGERS & ACQUISITIONS
Move to merge TTPL, Kerala Minerals
The new complex will be developed in such a way that it will be able to meet the demand of value-added titanium products such as titanium metal and sponge.
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Tata Steel to acquire Rawmet
Tata Steel on Tuesday said it has entered into a Definite Agreement to acquire 100 per cent equity stake in Rawmet Ferrous Industries at an enterprise value of Rs 101 crore. It informed the BSE that out of the enterprise ...
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NEW PROJECTS
Mahindra to set up unit in Maharashtra
In tie-up with International Truck and Engine Corp of US
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Suryalata Spinning begins trial run of new plant
Suryalata Spinning Mills Ltd (SSML) has said that its greenfield spinning plant, located at Urukondapet in Mahabubnagar district of Andhra Pradesh, has started trial run operations with effect from January 15.The Rs 46-crore plant, with a ...
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Indus Fila plans unit at Hindupur
Indus Fila Ltd, the flagship company of Mandhana Enterprises, Bangalore, is setting up a Rs 60-crore plant in Hindupur, Andhra Pradesh. The foundation stone for the unit was laid by the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy ...
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Convention centre at Vedic Village
Vedic Village, the international spa resort in Kolkata, located 20 minutes away from the Kolkata International Airport and 40 minutes from the centre of the city, added a new dimension to its portfolio on Tuesday when the ...
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OVERSEAS INVESTMENTS
Reliance Ind to set up refinery in Yemen
Reliance Industries Ltd (RIL) plans to set up a 50,000-barrels-per-day refinery in Yemen in collaboration with a local partner, according to Mr Khalid Mahfoudh Bahah, Yemen's Minister for Oil and Minerals. The company has already picked up stake ...
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Nigeria invites IOC to invest in grassroots refinery
Mr Edmund Daukoru cautioned IOC saying, "There is an entry window now but it will be open only for a short while. Our production is finite and the opportunity should be taken when it is open."
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ALLIANCES & JOINT VENTURES
Chennai port to sign concession pact with Hyundai Motor
To give concessions in wharfage rate, vessel-related charges
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IOC in talks with GSPC for joint venture
`Discussions with Reliance in an advanced stage'
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EVENTS
Bengal Chem revamp
MARCHING AHEAD: The Union Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, at the `revival ceremony' of Bengal Chemicals & Pharmaceutical Works Ltd in Kolkata on Tuesday. The visionary scientist of Bengal, Acharya Prafulla ...
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RIGHTS ISSUE
Federal - Mogul Goetze plans rights issue
Federal-Mogul Goetze (India) Ltd plans to come out with a rights issue to raise Rs 115 crore. The company's board will meet on January 22 to fix the price band for the same. Currently, Federal Mogul Vermogensuverwaltungs GmbH and Federal Mogul ...
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PEOPLE
Kamal Bali joins Escorts
Mr Kamal Bali, who has resigned as Chief Executive Officer and Managing Director of Same Deutz-Fahr India, will take over as the Chief Executive Officer and Managing Director, Escorts Construction Equipment Ltd. To Mr Bali this would be his ...
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