CORPORATE
RESEARCH & DEVELOPMENT
Joint study for welding tech planned
The Welding Research Institute of Bharat Heavy Electricals Ltd is contemplating joint research works in advanced welding technologies with Paton Welding Institute, Ukraine, according to the Senior Deputy General Manager of the Welding Research ...
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ANNOUNCEMENTS
Essar Oil, Steel to delist from exchanges
`Delisting will give more flexibility in operation, management'
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Dunlop's Ambattur unit restarts production
Issues of power supply, labour and funding resolved
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SAS Motors to launch low-cost tractors soon
`The limiting factor is the bank's policy towards financing tractors.' `Only 5 pc of Indian farmers own tractors'
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OPEN OFFERS
Coromandel makes open offer for Godavari Fert
Coromandel Fertilisers Ltd (CFL), part of the Murugappa Group, has made an open offer to the shareholders of Godavari Fertilisers and Chemicals Ltd (GFCL) for acquiring up to 20 per cent of the company's equity. The move follows CFL's ...
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OVERSEAS BORROWINGS
Escorts to raise $100m
Escorts Ltd on Thursday announced that it would raise $100 million (about Rs 450 crore) through the issue of equity-linked instruments through Qualified Institutional Placement (QIP). The company said though its debt levels have ...
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MANAGEMENT
`Strategy key to achieving goals'
"Without strategy, you will know where to go, but not how. Without strategy, you will require three times the life span of your professional time to achieve what you wanted to and you will spend three times the money. Also, you will trouble more ...
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FINANCIAL PERFORMANCE
International Travel House PAT up
International Travel House has recorded a profit-after-tax of Rs 2.40 crore during October-December 2006 as compared to Rs 1.77 crore recorded during the same period in 2005. The board of directors approved the financial results ...
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RESTRUCTURING
Titan Industries to merge 3 associate cos
Titan Industries Ltd has informed the BSE that the board of directors of the company, at a meeting held on Thursday, has approved the proposal to merge three associate domestic companies — Samrat Holdings Ltd, Titan Holdings Ltd and Questar ...
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MERGERS & ACQUISITIONS
HC okays Paradeep Carbons' merger with Goa Carbon
The Bombay High Court (Goa Bench) recently sanctioned amalgamation of Paradeep Carbons Ltd with Goa Carbon Ltd (GCL) with effect from July 1, 2005. The GCL Board of Directors, a Dempo Group company and manufacturer of calcined petroleum coke ...
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Novopan gets HC nod for merger
Novopan Industries Ltd has received approval from the Andhra Pradesh High Court for the merger of three of its entities with itself. The three entities are particle board division of GVK Novopan Industries Ltd, resin manufacturing division of ...
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NEW PROJECTS
Farmax to manufacture toothpaste
Farmax Health and Food Products Private Ltd, an FMCG start-up company, is planning to set up a facility at a cost of Rs 10 crore to manufacture toothpaste and vermicelli. The company, which mostly focuses on rural markets, ...
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Berggruen plans budget hotels
Berggruen Hotels, a venture backed by US investment firm Berggruen Holdings Inc, will invest $100 million to set up a chain of boutique budget hotels in India called Keys, it said on Monday. The company plans to build 38 hotels ...
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OVERSEAS INVESTMENTS
Hyderabad House to go global
To give the world a taste of the famous Hyderabadi biryani, the over 30-year-old `Deccani' food chain Hyderabad House plans to go global. It has chosen the franchisee route to expand and set up outlets in Sydney in Australia and Al-Khobar in ...
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ALLIANCES & JOINT VENTURES
ONGC, Rosneft ink energy cooperation pact
To expand ties in projects in Russia, India and third countries
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Apollo Hospitals, US co tie up
Apollo Hospitals to form a joint venture with One Equity Partner LLC, a US-based private equity investment company, Apollo told the stock exchanges. The joint venture will set up a hospital in Mumbai, Apollo said in a statement. ...
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DIVERSIFICATION
STC plans foray into commercial crop processing
Cottonseed oil processing under in the CIS
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OUTLOOK
JSW Steel plans to carry ore in slurry form via pipelines
To lay pipelines from Orissa, Jharkhand to Bengal plant
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ONGC may ask Govt to revoke order on deepwater blocks
Cites policy changes as cause for delay in exploration
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