CORPORATE
ANNOUNCEMENTS
Mahindra launches new Bolero in Gujarat
Mahindra & Mahindra has launched the "new, tough" Bolero, the second generation version of SUV in Gujarat, in the ex show-room price-range of Rs 4.60 lakh to Rs 5.61 lakh in this city. Mr Bhartendu Kapoor, Senior General Manager (Sales), who ...
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OVERSEAS BORROWINGS
EIH board okays equity issue up to Rs 400 crore
To part-finance on-going projects
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DIVIDEND ANNOUNCEMENT
FCI OEN Connectors net up 12%
The net profit of FCI OEN Connectors has risen by 12 per cent to Rs 19.6 crore for the year 2006. Profit before tax was up by 16 per cent to Rs 40.70 crore, while the total sales turnover grew by 30 per cent to Rs 183 crore (Rs 141 crore). ...
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ESOPS
ESOP fable — the tree-fruit debate
Capital which produces income is like a tree and income is a like a fruit and, hence, the tree ought not to be taxed.
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COURTS/LEGAL ISSUES
`No bar under SICA to re-possess leased machinery if hirer defaulted'
The agreement stipulated that in case of default, respondent-company (Lakshmi Trade Credits) was entitled to re-possess machinery and sell it.
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Panel set up to study Priyamvada's valuables
A committee of experts has been constituted by the Calcutta High Court to test and determine the genuine historical and face value of the coins and other valuables left behind by Priyamvada Devi Birla. Following many allegations and counter ...
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RESTRUCTURING
A proposal that hampers business reorganisation
In the past several years, the Government had taken conscious decision to make business reorganisation tax neutral. Conversion of partnership into a company was considered not liable for capital gains taxation from 1998 onwards. The term ...
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Rahul Bajaj rules out division of Bajaj Auto
`Demerger to unlock shareholder value'
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MERGERS & ACQUISITIONS
Lavazza to acquire Barista
Italy's largest coffee company, Lavazza Group, on Friday signed an agreement with the Sterling Infotech Group to acquire 100 per cent stake in Barista Coffee Company Ltd (BCCL) and Fresh and Honest Café Ltd (FHCL). The transaction will be ...
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NEW PROJECTS
Royal Orchid opens 4-star hotel in Jaipur
Royal Orchid Hotels Ltd on Thursday launched its first four-star deluxe property in Jaipur — Royal Orchid Central. Located in the heart of the city, the 70-room hotel provides world-class amenities and services for the business class ...
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Srei group's Quipo Infra raises Rs 150-cr equity
Funds to be used to part-finance Rs 3,500-cr capex plan
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Bengal signs land lease pact with Tata for Singur
645 acres earmarked for mother plant, 290 acres for auto ancillary units
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OVERSEAS INVESTMENTS
Ircon may lease, maintain locos for Thailand rlys
Ircon International, the public sector unit under the Ministry of Railways, may lease and maintain locomotives for the State Railway of Thailand. This was stated by the Minister of State for Railways, Mr R. Velu, in the Rajya Sabha today, ...
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REGULATORY BODIES & RULINGS
Aurobindo gets FDA nod for drug
Aurobindo Pharma Ltd has obtained the final approval from the US Food and Drug Administration (USFDA), for its Didanosine Oral Suspension (paediatric powder) in 10 mg/ml dosage. The product is the first general version of the ...
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ALLIANCES & JOINT VENTURES
L&T likely to leverage on Toshiba's nuclear power biz
L&T has been associated with the nuclear power programme and the engineering major has been supplying equipment, systems and services to Nuclear Power Corporation of India Ltd.
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Navneet to strike alliance with Pantaloon Retail
For better visibility of its brands in Big Bazaar outlets
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INTERVIEW
Aurobindo Pharma on course to emerge global generic major
With a long pipeline of products approved for the lucrative regulated markets, a large manufacturing capacity that is USFDA compliant and a solid research and development workforce giving the needed future direction, Aurobindo Pharma Ltd (APL) ...
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OUTLOOK
Adlabs Films plans to focus on South
To set up multi-screen cinemas, produce films
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Samsung bullish on LCD monitors, printers biz
In keeping with its thrust on LCD monitors and printer businesses, Samsung India has re-christened its IT Peripherals Division as Samsung Digital Imaging Solutions Business. The company, which is targeting a 100 per cent jump in LCD monitor sales ...
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ONGC plans to rope in Brazil's Petrobras for KG Basin
To strike commercial deal, but no asset swap likely
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RITES to tap export potential
RITES, the consulting arm of Indian Railways, plans to tap export potential for locomotives, coaches and other items manufactured in India in neighbouring countries, Minister of State for Railways Mr R. Velu stated in Rajya Sabha ...
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PERFORMANCE
Dabur turns around Balsara's oral, home care brands
Investments made in repositioning, upgradation
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