CORPORATE
ACCIDENTS
Mock drill on chemical disaster management
The Dakshina Kannada district administration, in association with various other agencies, will conduct a mock drill on chemical disaster management at the site of Mangalore Chemicals and Fertilisers Ltd in Mangalore on May 28. Addressing the ...
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ANNOUNCEMENTS
Reliance reports gas find in two blocks
Reliance Industries on Tuesday said it has discovered natural gas in two blocks, one off the east coast of India in the Krishna-Godavari basin, and the other in the west coast, in the Gujarat-Saurashtra basin. "These recent discoveries ...
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Lupin cholesterol drug gets US nod
Lupin Ltd has received final approval from the US regulatory authority to sell its generic version of cholesterol-drug Simvastatin. The US Food and Drug Administration approved Lupin's abbreviated new drug application (ANDA) for ...
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PRIVATE PLACEMENT
GVK completes $300 m in QIP
GVK Power & Infrastructure Ltd (GVKPIL), an infrastructure company, has completed a $300 million Qualified Institutional Placement (QIP). GVKPIL's QIP issuance is the largest issue under the SEBI QIP regulations and the demand ..
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PREFERENTIAL ALLOTMENTS
Jupiter Bio makes pref offer to Ranbaxy
Jupiter Bioscience Ltd has decided to raise the authorised share capital of the company from Rs 20 crore to Rs 30 crore. The increase would be through the addition of equity shares of Rs 10 each, as per its company rules and which would be ...
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NEW BUSINESS
HCC-Coastal bags AP project
HCC, the Mumbai-based infrastructure development company, has bagged the Rs 735.21-crore irrigation tunnel work of the Pula Subbaiah Veligonda Project in Andhra Pradesh. The company formed a joint venture with Coastal Projects ...
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RESTRUCTURING
IOC mulls selling IBP's explosives business
Smaller players pricing out PSU giant
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HLL rejigs management committee
Hindustan Lever Ltd (HLL) has reshuffled its management committee. As part of the changes, Mr Sanjay Dube, Executive Director - Sales and Customer Development, has been appointed Chairman, Poland and Baltics, Unilever, with effect from June 1. ...
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MERGERS & ACQUISITIONS
UB Group brews up a deal for Whyte & Mackay
Formal announcement of acquisition today
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Motherson Sumi buys Aussie co Empire Rubber
Acquisition may generate an annual biz of about A $35 m
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NEW PROJECTS
Gulf travel co opens Kochi unit
Riyadh-based travel company Executive Traveler launched its Kerala operations at Kochi on Tuesday. Former Kerala Chief Minister Mr Oommen Chandy inaugurated the company at a function held in Kochi. Mr Chandy mooted a collective ...
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OVERSEAS INVESTMENTS
Natco expanding retail presence in US
In talks to buy two stores in Pennsylvania, New Jersey
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TVS Motor gearing up to take on Japanese biggies
Launching new bike `Neo' in Indonesia next month
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ALLIANCES & JOINT VENTURES
NTPC gets shareholders nod for nuclear foray
State-owned NTPC Ltd on Tuesday said it has bagged shareholder approval for amending existing clauses in the company's Memorandum of Association for going ahead with its proposed nuclear foray. The power major informed the BSE that its ...
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BHEL ties up with Toshiba
Will get technology know-how to make higher horsepower locomotives
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Italian brand Diesel ties up with Arvind Mills
Diesel is in India. The Italian luxury denim and casual fashion brand has entered into a joint venture agreement with Arvind Mills to create a new company called Diesel India Fashion Arvind Pvt Ltd. It will be a 51:49 joint venture with Diesel ...
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SOCIETY & DEVELOPMENT
ITC chalks new schemes for AP wasteland development
ITC, in collaboration with Society for National Integration through Rural Development (SNIRD) of Ongole (AP), has chalked out new initiatives under its ongoing Indigenous Soil and Water Conservation Practices & Social Forestry (ISWCP) programme .
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IPOS
`240 listed companies are flouting norms'
Some 240 listed companies have flouted listing norms relating to minimum public shareholding, according to Mr Pawan Kumar Bansal, Minister of State (Finance). According to April 2006 guidelines, companies (except Government-owned and ...
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PEOPLE
Charat Ram passes away
Noted industrialist Dr Charat Ram passed away on Tuesday. Known for stewarding the Shriram Group to commendable heights, Dr Ram was President of the FICCI in 1973-74. He was also a known philanthropist. "We have lost a doyen of ...
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