CORPORATE
ANNOUNCEMENTS
GMDC applies for J&K mining rights
Doda in Jammu and Kashmir may well find itself soon on the global map of precious stones if Gujarat Mineral Development Corporation (GMDC) succeeds in mining sapphire there. The Jammu and Kashmir Government had recently floated inquiries for ...
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ONGC Videsh strikes gas in Iran's Farsi block
ONGC Videsh Ltd (OVL) continues with its success in Iran's Farsi offshore block. The overseas investment arm of ONGC struck gas in the fourth well on the block recently. It has already discovered oil in the three previous wells. Speaking to ...
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BUYBACK
`Deemed dividend' in capital reduction vs buyback
Colgate-Palmolive India Ltd recently informed the bourses about a `deemed dividend' at Rs 9 per share, apart from a special `70th anniversary dividend of Rs 2 per share'. The deemed dividend is proposed to be through a return of Rs 122.40 crore ...
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OVERSEAS BORROWINGS
Mediaone mulls raising Rs 90-cr funds
Mediaone Global Entertainment Ltd has acquired a cinema, Balaji, in Kanchipuram near Chennai. Announcing this at a press conference here today, the company's Managing Director, Mr Suryaraj Kumar, said the company will spend Rs 30-35 lakh on ...
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FINANCIAL PERFORMANCE
Page Ind nets Rs 17 cr
Page Industries Ltd, the exclusive licensee of Jockey International Inc (USA) for India, Sri Lanka, Nepal, Bangladesh and Maldives, has reported a net profit of Rs 17.03 crore for the year ended March 31, 2007. Net sales stood at ...
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CREDIT RATING
Tata Power gets BB+ rating
Standard & Poor's ratings services on Wednesday placed `BB+' long-term foreign and local currency corporate credit ratings on Tata Power Company Ltd. It placed the company on credit watch with negative implications reflecting ...
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HUMAN RESOURCES
Distil `the company's value algorithm' into `an elevator speech'
Quick promotions, salary hikes, perk heaps, ego massages... Despite all these, workers are restlessly scanning the job horizon for the next stopover. Which only leaves the business leaders as confused fire-fighters all the time. To help them, ...
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AstraZeneca posts Indian officials abroad
The English-speaking Indian brigade is found to be less insular, with superior business and marketing skills, and more ready to move out.
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MERGERS & ACQUISITIONS
Strides buying Grandix for Rs 100 cr
Strides Arcolab Ltd will invest up to Rs 100 crore in the acquisition of Grandix Pharmaceuticals Ltd, Chennai, according to its notification to the BSE. The proposal was approved at Wednesday's EGM. The Bangalore-based pharma ...
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Vodafone completes Hutch buy
Deal value scaled down to $10.9 b
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Indo Rama board to mull merger
Textiles firm Indo Rama Synthetics Ltd said on Wednesday its board would meet on May 16 to consider the merger of Indo Rama Petrochemicals Ltd with itself. ...
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NEW PROJECTS
DaimlerChrysler investing Rs 275 cr in new plant
The Maharashtra Chief Minister, Mr Vilasrao Deshmukh, on Wednesday laid the foundation stone for luxury car maker DaimlerChrysler's new plant at Chakan. The new facility, being set up with an investment of Rs 275 crore, would be producing ...
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TRADE & LABOUR UNIONS
Labour discontent continues at Hyundai Motor
Hyundai Motor India has said that its senior Vice-President - Human Resources, Mr G.S. Ramesh, has stepped down from his post with effect from today. According to a press release, Mr Ramesh has taken the decision due to personal reasons. ...
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ALLIANCES & JOINT VENTURES
Matrix in pact with Clinton Foundation
It significantly lowers the cost of AIDS treatment
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Mumbai's Metropolis Health partners Sanket in Ahmedabad
The Mumbai-based Metropolis Health Services (India) Ltd, leading corporate chain of diagnostic centres, has entered into a joint venture with Sanket Diagnostics Pvt Ltd, Ahmedabad, to form Sanket Metropolis to provide a gamut of healthcare ...
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Raymond, Grotto plan 60 brand outlets for GAS
They may take the 50:50 joint venture route
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VENTURE CAPITAL
IFC picking up 11.48% stake in Granules India for $6 m
Pharma co to use funding for its growth plans
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DIVERSIFICATION
Deccan Chronicle group floats global cargo airline company
Flyington Freighters places orders for 6 A330 planes
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OUTLOOK
GAIL plans Rs 2,744 cr capex for 2007-08
Investments towards pipeline projects, plant expansion
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GMR Hyderabad airport to be ready by year-end
Set to offer passengers a different kind of experience
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Centre owes fertiliser cos Rs 11,640 crore as subsidy
Iffco, K.K. Birla and Murugappa groups among worst hit
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Over-the-counter products to drive Elder Health sales
Looks to double revenue on back of product extension
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Hind Motors plans new variants for Lancer and SUV range soon
Intends to capture CNG market with price cuts
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Canon India aims at Rs 800-cr income by 2008
Canon India on Wednesday said that it would undertake several initiatives such as greater focus on the western market of the country, increasing number of product launches and doubling retail reach in order to double its turnover in the next two ...
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