CORPORATE
ANNOUNCEMENTS
Reliance, GAIL sign gas supply, marketing pact
Reliance Industries Ltd has further cemented its ties with GAIL (India) Ltd by inking the final agreement to transport, supply and market gas. According to sources, a gas sale and purchase agreement (GSPA) and a gas transportation agreement ...
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PREFERENTIAL ALLOTMENTS
Kopran seeks shareholders nod for pref allotment
Non-promoter holding may go up further
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CORPORATE DISPUTES
Dr Trehan walks out of Escorts Heart, joins Apollo
No management discussion yet on buying out his 10% stake
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OVERSEAS BORROWINGS
Cos raise $5 b via ECBs in March
Highest-ever borrowing in a single month; $20 billion raised in 11 months
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DIVIDEND ANNOUNCEMENT
NTPC Q4 net up 11%; to pay 8% final
NTPC Ltd on Wednesday posted a 10.75 per cent increase in net profit at Rs 1,734.70 crore for the fourth quarter ended March 31, as compared to Rs 1,566.30 crore for the same period last year. Total income (net of electricity duty) grew 14.38 per ...
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MERGERS & ACQUISITIONS
Significant changes happening in the way M&A deals are done
One of the greatest shifts in the market environment has been the "hugely increased" role of PE firms in global M&A.
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Jain Irrigation gets new product lines thru acquisitions
Israel-based NaanDan is the third foreign buy
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NEW PROJECTS
Sahil setting up business hotel
Sahil Resorts, Agrifields and Farms Ltd is expanding its hospitality business with a 250-room five-star business hotel at Balewadi on a four-acre plot. The cost of the project is Rs 300 crore, said Mr Vinay Phadnis, Chairman and ...
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Carmichael House sets up new plant in Gujarat
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Rain Ind financial closure
Rain Industries Ltd has announced that it has achieved financial closure for its Rs 334 crore, 1.5 million tonnes per annum brownfield expansion of the cement plant in Kurnool district of Andhra Pradesh. The fully owned ...
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Vibha Agro plans units in AP, Gujarat
Vibha Agrotech Ltd, a Hyderabad-based crop genetics and hybrid seed company, is planning to invest Rs 125 crore in establishing seed processing units and research facilities in Andhra Pradesh and Gujarat. Speaking to newspersons, Mr P. Vidya ...
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OVERSEAS INVESTMENTS
Indian Oil gets nod to build refinery in Turkey
Indian Oil Corporation Ltd will undertake a detailed feasibility study on the plans to build a $4.9-billion refinery in southern Turkey. This moves follows the approval from Turkey's energy market regulator to IOC and Turkish builder Calik ...
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ALLIANCES & JOINT VENTURES
Ashok Leyland ties up with TVS & Sons
Ashok Leyland has announced its entry into the pre-owned commercial vehicles market with Altrux in Kerala here on Wednesday. Mr V.M. Hombali, Special Director, Customer Support Group, said at a press meet here on Wednesday, that in Kerala ...
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Hindalco-Almex to make large billets at Aurangabad
Hindalco-Almex Aerospace, a joint venture between Hindalco and Almex Inc US, is putting up a project to manufacture large sized billets of high strength aluminium alloys in the Aluminuim SEZ at Shendra near Aurangabad. Construction work on the ...
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DIVERSIFICATION
Tata Chem to manufacture bio-fuels
Setting up first bio-ethanol plant in Maharashtra
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SICK UNITS
Daewoo plant revival hits roadblock again
Debt Recovery Tribunal admits new contender
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Decks cleared for Trayons revival
Panel gives positive report for Cabinet approval
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