CORPORATE
ANNOUNCEMENTS
Goldstone hiking borrowing limit
Goldstone Technologies Ltd has informed BSE that the company's board of directors today decided to convene extraordinary general meeting to seek enhancement of borrowing power of up to Rs 150 crore. The company also approved ...
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Suzlon Wind-PPM turbine pact
Suzlon Wind Energy Corporation, a subsidiary of Suzlon Energy Ltd, has signed a contract for 400 MW of wind turbine capacity with PPM Energy of Portland, USA. Under the contract, delivery of 300 MW turbine capacity is to be made ...
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Tata Sons consolidates Tata Tea stake
Tata Sons Ltd, the main promoter of Tata Tea Ltd, has consolidated its stake in the company through the conversion of 28.10 lakh warrants into the same number of shares. In its communication to the Bombay Stock Exchange, Tata Tea Ltd said that ...
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AWARDS & HONOURS
Manipal AcuNova bags F&S award
Manipal AcuNova Ltd has said it has received the Frost & Sullivan Partner of Choice award for bio-availability and bio-equivalence (BA/BE) studies. A release quoting Mr D.A. Prasanna, Vice-Chairman and MD of the contract research organisation, .
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TRADE & LABOUR UNIONS
Hyundai move to sell spare parts unit upsets workers
It's a business transfer to Mobis India, says company
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ALLIANCES & JOINT VENTURES
Strides, US co Accu-Break call off joint venture plan
Strides Arcolab Ltd and Accu-Break Pharmaceuticals Inc (ABP) on Wednesday said they have called off their joint venture plan of June 2006. The two had announced a 50:50 company, to be called Accu-Strides, to develop generic products using ...
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Kuoni Academy ties up with Swiss school
Kuoni Academy of Travel, a New Delhi-based travel institute, has entered into a tie-up with International School of Tourism Management, Switzerland, to offer two courses in travel and tourism segment. The tie up will also give an opportunity ...
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Cherthala to get 7-star resort
Two overseas cos join hands with Mini Muthoottu
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Swedish firms eye tie-up with BEL
Top Swedish firms are upbeat about forging business ties with Bharat Electronics Ltd in the Defence and civilian segments, BEL said in a release here. The Sweden Minister for Foreign Affairs, Mr Carl Bildt, who visited the defence electronics ...
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TESPL, German co in tie-up
Transparent Energy Systems Pvt Ltd (TESPL) a Pune-based company, has entered into a licence and know-how agreement with a German engineering company, Lamont - Kessel GmbH and Co Kg. Lamont will be providing the know-how for ...
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Bharat Hotels in Dubai
Bharat Hotels Ltd, owners of `The Grand' in association with Nakheel, a UAE based real estate developer, plans to set up a hotel in Dubai. According to a press release issued by the company, the two have decided to form a joint ...
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Adlabs, Rave Entertainment sign pact
Adlabs Films Ltd has entered into an agreement with Rave Entertainment Pvt Ltd to acquire the right to conduct cinema screening business at one operational multiplex in Kanpur and six more projects under implementation in NCR, ...
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SOCIETY & DEVELOPMENT
Cookie Man supporting CRY initiative on education
Cookie Man, a brand of Australian Foods India Pvt Ltd, has joined hands with CRY (Child Rights and You), to launch an initiative aimed at spreading awareness on the `Right to Education' for all children in India. Packaging ...
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DIVERSIFICATION
Bharat Forge entering non-automotive segments
Aims for forging capacity of 30,000 tpa, one lakh machined crankshafts
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OUTLOOK
`It's no rocket science': B.V.R. Subbu confident of driving greenfield car
MLR Motors has rights of a B segment car from a European company
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PERFORMANCE
Tata Motors' commercial vehicle sales dip in April
Tata Motors reported a year-on-year fall in commercial vehicle sales for April 2007 due to rising interest rates. However, overall vehicle sales at 40,486 units grew 11 per cent. Tata Motors' commercial vehicle sales declined 0.3 per cent, ...
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IOC losing Rs 80 cr daily on under-recoveries
Spurt in product prices may cushion losses
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Hyundai Motor sales rise 4.8% in April
Hyundai Motor India Ltd (HMIL) recorded a growth of 4.8 per cent and 4.6 per cent in the domestic and export markets respectively for April 2007 as compared with the same month of the previous year. Hyundai sold 27,069 units of which the ...
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RINL turnover at Rs 590 cr
Rashtriya Ispat Nigam Ltd recorded a sales turnover of Rs 590 crore in April this year, registering 50 per cent growth over the turnover of the corresponding month last year (Rs 394 crores). According to a press release issued ...
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