CORPORATE
OPEN OFFERS
Alfa Laval: Reject
Business prospects are bright and investors may benefit by staying on.
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COURTS/LEGAL ISSUES
Court order allows Dr Trehan to continue at Escorts Heart
`My contract is up to 2010; it can't be terminated'
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RESTRUCTURING
`Demergers unlock value for shareholders'
The recent announcement by Bajaj Auto on planned demerger of the company is the latest in a long line of such decisions by corporates, including NIIT, Zee Telefilms, Indo Rama Synthetics, GE Shipping, Jindal Strips and JK Industries. Welcoming ...
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Two negative surprises in Bajaj demerger
There is sufficient anecdotal evidence to suggest that any demerger normally unlocks value. However, the Bajaj announcement has two key negative surprises, Mr Amitabh Chakraborty, President (Equity), Religare Securities Ltd, Mumbai, told ...
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Bajaj Auto kickstarts demerger
An unexpected structure for the de-merger, uncertainties about the valuation of the insurance business and a sedate outlook for the two-wheeler business have combined to put severe pressure on the Bajaj Auto stock price after it unveiled its ...
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MERGERS & ACQUISITIONS
No immediate plan to merge with IOC: Chennai Petro MD
Public issue may be considered at a later stage
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Uniting spirits
The UB Group flagship has acquired 100 per cent equity in Scottish spirits maker Whyte & Mackay for £595 million (about Rs 4,783 crore). ...
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NEW PROJECTS
Haryana project
ADDING POWER CAPACITY: The Prime Minister, Dr Manmohan Singh, being greeted by the Union Minister of State for Rural Development and Poverty Alleviation, Ms Kumari Selja, at a public rally after laying the foundation stone on Saturday for a 1200 ...
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Continental Automotive plans production unit here
Close to entering into joint venture with a local partner
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OVERSEAS INVESTMENTS
Tata Power eyes coal from Australia, S. Africa
Sourcing thru equity purchase and entering into offtake contracts
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REGULATORY BODIES & RULINGS
Ranbaxy gets tentative USFDA nod for Allegra
Ranbaxy Laboratories has received tentative approval from the US Food and Drug Administration to manufacture and market the generic version of Sanofi-Aventis' anti-allergic drug, Allegra. The company said in a release that it had received ...
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ALLIANCES & JOINT VENTURES
Deyaar, Ansal township may come up in UP
Real estate developer Deyaar of UAE, which has entered into an agreement with the Delhi-based Ansal API, plans to develop a `mixed use township' that will have an IT park and a biotech park, apart from shopping mall, hospital, school and ...
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Singapore firm Jurong roped in for Vizag township
The Bangalore-based Global Entropolis Asia Ltd has enlisted the services of Jurong International of Singapore for a Rs 900-crore techno township proposed at Visakhapatnam. "Once the environmental clearance is received, we will begin ...
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OUTLOOK
L&T bets big on formal skills training for workers
Investing Rs 50 cr in its training institutes this year
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Fortune Park plans more properties
Fortune Park Hotels, which recently launched Fortune Chariot Beach Resort in Mahabalipuram (Tamil Nadu), is planning to add two more properties in Kumbakonam and Madurai by the year-end. Addressing a press conference here on ...
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HEG eyes Rs 1,200-crore turnover this fiscal
Higher capacity, price hikes to improve performance
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Atul Auto targets wider market for rear-engine three-wheelers
Increase in dealership network planned
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PERFORMANCE
Winded out
The company's consolidated fourth quarter results declined as the company witnessed delayed booking of revenues from overseas projects. Operating margins also were lacklustre on the back of higher cost of outsourced ...
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PEOPLE
Spentex appoints directors
Yarn manufacturer Spentex Industries Ltd has appointed Mr Kapil Choudhary as Deputy Managing Director and Mr Amrit Agrawal as Director-Finance with effect from April 28. Mr Kapil Choudhary previously served as Director-Marketing ...
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