CORPORATE
ANNOUNCEMENTS
Volkswagen defers India plans; may review models
`New CEO re-examining proposals made by his predecessor'
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Bhatinda refinery: ONGC not against Mittal-HPCL pact
ONGC and LN Mittal Group are discussing the business plan to expand joint venture activities of ONGC Mittal Energy Ltd (OMEL). At a recent meeting of the chiefs of the two entities, Mr L.N. Mittal and Mr R.S. Sharma, Chairman and Managing ...
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PREFERENTIAL ALLOTMENTS
Nettlinx to enter media business
Raising capital through preferential warrants
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DIVIDEND ANNOUNCEMENT
Nalco pays second interim dividend
National Aluminium Company Ltd (NALCO) - India's leading manufacturer and exporter of alumina and aluminium - has paid Rs 84 crore as Government's share in second interim dividend of 15 per cent on a total paid-up capital ...
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NEW BUSINESS
Nagarjuna Const bags new orders
Nagarjuna Construction Company Ltd (NCC) has secured three fresh orders totalling Rs 302 crore. The Hyderabad-based, infrastructure major informed this to the BSE on Monday. The company's major order worth Rs 246 crore was received from the ...
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MERGERS & ACQUISITIONS
Glenmark acquiring Czech co Medicamenta
Glenmark Pharmaceuticals said it has agreed to acquire more than 90 per cent stake in Czech company Medicamenta, for an undisclosed consideration. The agreement for the deal was concluded through Glenmark Holdings SA, the wholly-owned Swiss ...
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NEW PROJECTS
POSCO project: Orissa taking steps to solve land problems
`Talks soon with local populace; crisis will end in 3 months'
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Kirloskar Oil Engines to set up Rs 550-cr greenfield project
The Pune-based Kirloskar Oil Engines Ltd plans to set up an Rs 550 crore greenfield project to manufacture diesel generator sets and engines, at Kagal near Kolhapur in Maharashtra. The company, part of the Rs 4,500-crore Kirloskar Group, on ...
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ALLIANCES & JOINT VENTURES
Hindujas join hands with Dubai World
Rs 5,515-cr investment for projects in Dubai and India
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Petronet ties up supplies for Ratnagiri Gas project
Eyeing over 2.25 mt LNG for delivery in April-May
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Govt may not allow ONGC-BP alliance for Kutch block
Murli Deora to take final decision on the issue
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VENTURE CAPITAL
Darby Overseas to invest Rs 75 cr in Escorts unit
Escorts Ltd announced on Monday that private equity firm Darby Overseas Investments Ltd, part of the Franklin Templeton group, will invest Rs 75 crore in its construction equipment unit. "We will be utilising the funds to set up a new plant at ...
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Darby fund invests in Escorts arm
Darby Overseas Investments Ltd, the private equity arm of Franklin Templeton Investments, has invested Rs 75 crore in Escorts Construction Equipment Ltd (ECEL) through an affiliate of Darby Asia Mezzanine Fund II. ECEL is a ...
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DIVERSIFICATION
Headway to enter TN, AP realty market
Headway Properties Ltd, a Hyderabad-based real estate player, will be floating another company to foray into Special Economic Zones with an initial investment of Rs 250 crore in Tamil Nadu and Andhra Pradesh. Speaking to Business Line, ...
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OUTLOOK
Hyundai Motor on course to be eligible for TN Govt sops
Total investments set to top Rs 4,000 cr
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BPCL, HPCL eye options for synergy
BPCL and HPCL are looking at options to synergise their operations so that both companies benefit, according to HPCL Chairman and Managing Director, Mr M.B. Lal. Speaking at a seminar organised by CPCL on `Recent developments in FCC and ...
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STC looking at 11% turnover growth for 2007-08
The State Trading Corporation (STC) has projected a turnover of Rs 10,000 crore to be scaled up during the next fiscal, envisaging a growth of 11 per cent over the 2006-07 performance, excluding wheat import turnovers. Exports and domestic ...
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Pioneer ties up with Prasad Seeds
Pioneer Hi-Bred International Inc has entered into an agreement to work with a new production plant in Medchal, on the outskirts of Hyderabad. This new facility is owned and operated by Prasad Seeds. Coupled with the existing Pioneer ...
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Sahil Group to focus on construction
Pune-based Sahil Group will focus on its construction business and build over 25 lakh square feet in the city, including housing projects, retail space and IT parks in areas such as Hadapsar, Bavdhan, Balewadi and Baner. The ...
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Ashok Leyland plans new tractor soon
Ashok Leyland is introducing a new tractor next month, a 49-tonne vehicle, particularly suited for container cargo and also a luxury passenger bus sometime during the year, according to Mr Vinod K. Dasari, Chief Operating Officer. He was ...
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