CORPORATE
MODERNISATION
NTC proposes special purpose vehicles for mill modernisaton
`Asset stripping would not be allowed'
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ANNOUNCEMENTS
We will bear major part of pipeline cost, says Cairn India
Transportation of crude from its Rajasthan fields
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OVERSEAS BORROWINGS
3i Info launches € 30-m FCCB
3i Infotech said on Tuesday it has launched and priced a Foreign Currency Convertible Bonds (FCCB) offering of € 30 million (Rs 174 crore). The funds raised will help the company in its acquisition plans. "We are looking at acquiring ...
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GENDER
More Indian women in senior management: Survey
38% businesses worldwide don't have women in the higher rungs
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MERGERS & ACQUISITIONS
Batliboi buys Canadian co Quickmill for Rs 22 cr
Company to be developed as separate entity
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ASL raises stake in Andhra Petro
Andhra Sugars Ltd (ASL) has purchased 1,73,638 equity shares amounting to 0.20 per cent of the total shareholding of the Tanuku-based Andhra Petrochemicals Ltd (APL). ASL is a co-promoter of APL. After purchase of the above ...
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NEW PROJECTS
Acquisition of land by Govt for private cos to stop
Bill to be tabled in the current session of Parliament
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Tata Coffee inaugurates freeze-dried coffee plant
Tata Coffee Ltd set in motion the operation of its Rs 19-crore freeze-dried coffee (FDC) plant here on Tuesday. "With this, Tata Coffee will have its presence in all value-added segments of soluble coffee," said Mr R.K. Krishnakumar, Chairman, ...
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Dr Agarwal's Eye Hospital unveils expansion plans
Plans Rs 10-crore retinal care centre in Chennai
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OVERSEAS INVESTMENTS
IOC chalks out plans for expansion in Turkey, Africa
Plans 15-mt refinery in Turkey at $6 b
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REGULATORY BODIES & RULINGS
Wockhardt gets nod for diuretic sales in US
Wockhardt Ltd has received regulatory approvals in the United States to sell its diuretic Furosemide injection there. Furosemide injection is a widely used diuretic, or a drug that helps remove excess water from the body. This is Wockhardt's ...
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ALLIANCES & JOINT VENTURES
India Today Group ties up with Daily Mail
The India Today Group has tied up with the publishers of the Daily Mail, Associated Newspapers (ANL) to launch mainline newspapers in India. "We are delighted that our first foray into mainline newspapers is in partnership with one of the ...
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Emmvee in pact with Danish co
The city-based Emmvee Solar Systems has entered into a joint venture with SolarCap, a leading Danish company, for the manufacture of solar heater for the industrial users such as food processing and textiles. Emmvee Solar, which ...
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NTPC inks $100-m loan pact with KfW
NTPC has signed an agreement with German lending agency KfW for a term loan of $100 million (nearly Rs 440 crore) to part-finance renovation and modernisation of its power plants. The loan is an unsecured facility without sovereign guarantee ...
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TCS exiting Sitel India
Tata Consultancy Services said on Tuesday that it will sell its 40 per cent stake in Sitel India to US-based Sitel Corporation for $17.732 million (Rs 80 crore). Sitel India, formed in 2000, is an equal joint venture between the Tata Group and ...
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RIGHTS ISSUE
Dunlop India rights issue opens on April 2
Dunlop India has informed its shareholders for issue of six shares at Rs 10 each on rights basis for every 10 existing shares of the company. The rights issue will open on April 2 and close on April 6. The shares will be allotted on April 14. ...
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OUTLOOK
MMTC targets Rs 18,100-cr turnover
MMTC Ltd has projected a turnover of Rs 18,100 crore and gross margin of Rs 200 crore for the next fiscal. In an MoU that the trading giant signed with the Department of Commerce for performance-related milestones it is hopeful of achieving, ...
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