CORPORATE
ANNOUNCEMENTS
TCS to provide solution for Ferrari's F1 cars
Tata Consultancy Services' three-year association with Ferrari could evolve further and perhaps lead to software development and some offshoring work as well, said Mr Antonio Calabrese, spokesperson for the Italian carmaker, at an informal ...
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PTC in evacuation deal with Videocon power project
Power generated from industrial waste
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PREFERENTIAL ALLOTMENTS
GE shipping preferential issue
Great Eastern Shipping Company Ltd would be issuing 50.05-lakh convertible warrants to promoters and directors on a preferential basis. The warrants can be converted into equal number of equity shares (of Rs 10 face value) at a ...
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OPEN OFFERS
Chettinad Cement open offer
The promoters of Chettinad Cement Corporation Ltd along with Chettinad Software Services Pvt Ltd have made an open offer to Chettinad Cement's shareholders to acquire 40.82 lakh shares representing a 13.84 per cent stake. ...
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OVERSEAS BORROWINGS
3i Infotech raises $100 m in FCCBs
3i Infotech Ltd has successfully priced a zero coupon foreign currency convertible bonds (FCCBs) offering of $100 million convertible over a five-year period. The FCCBs are proposed to be listed on the Singapore Stock Exchange. ...
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DIVIDEND ANNOUNCEMENT
PSL Q4 net, income down; dividend at Rs 2.5
PSL Ltd, a Rs 1,600-crore pipe manufacturing company, has reported 17.76 per cent dip in net profit for the quarter ended March 2007 to Rs 12.96 crore against Rs 15.76 crore during the corresponding previous period. Total income was also down ...
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Phillips Carbon announces 20% dividend
Phillips Carbon Black, a RPG Group outfit that got back to black in the year ended March, has recommended 20 per cent dividend for 2006-07. The board of directors, which met today, proposed the dividend entailing an outgo of Rs 5.05 crore and ...
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MERGERS & ACQUISITIONS
Danone to focus on negotiating `good deal' with Wadias
To facilitate independent foray into dairy biz in India
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NEW PROJECTS
Godrej Planet setting a mark in high-rise
Coming up with five 50-storeyed towers of 300 residential apartments
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ONGC still considering refinery in Rajasthan
A day after it said that economics of setting a small size refinery in Rajasthan were not favourable, state-owned ONGC on Tuesday said that the proposal to build a 7.5-million-tonne per annum (mtpa) refinery to process Cairn India's crude oil was ...
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OVERSEAS INVESTMENTS
Ashok Leyland eyes ASEAN stable
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Easun Reyrolle buying Canadian co unit
Easun Reyrolle Ltd, which manufactures power transmission equipment, said it is acquiring the `relay and recorder business' of Nxtphase T&D Corporation of Canada. The acquisition is on on-going basis, including all the assets and liabilities of .
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REGULATORY BODIES & RULINGS
Aurobindo BP drug gets USFDA nod
Aurobindo Pharma Ltd has announced it has received tentative approval from the US Food and Drug Administration (USFDA) for Quinapril Hydrochloride and Hydrochlorothiazide tablets 10mg/12.5mg and 20mg/25mg. With this the ...
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Natco drug gets USFDA nod
Hyderabad-based Natco Pharma Ltd has secured approval from the US Food and Drug Administration for its abbreviated new drug for Ondansetron Hydrochloride tablets in multiple strengths (4 mg and 8 mg). It has already shipped ...
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ALLIANCES & JOINT VENTURES
GAIL, China Gas ink deal for natural gas projects
Joint venture co to have equal representation in management
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Kerala Minerals ties up with Russian co for titanium sponge plant
Plant likely to come up in Kollam district
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Shantha Bio, PATH in pact for rotavirus vaccine
Hyderabad-based Shantha Biotechnics is developing a multivalent vaccine against rotavirus in association with the non-profit health organisation PATH. "We have signed an MoU with Shantha Biotechnics, a licensee from US National Institute of ...
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SAIL inks pact with Manganese Ore
SAIL and Manganese Ore India Ltd (MOIL) have inked an MoU to jointly produce ferro-manganese and silico-manganese from three new furnaces to be set up at an investment of Rs 225 crore near Bhilai. The boards of both the companies had earlier ...
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SOCIETY & DEVELOPMENT
Thermax establishes social initiative foundation
Thermax Ltd has established the Thermax Social Initiative Foundation and its first project is to partner the Pune Municipal Corporation (PMC) for 30 years to offer education to bright students from underprivileged sections of society. The TSIF ...
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VENTURE CAPITAL
Citigroup picks up 30% stake in Ind Barath Infra
`Co will use funds for new power projects
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OUTLOOK
Companies cashing in on the realty boom
Carborundum Universal, DCM Hyundai selling land
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Mahindra Renault plans to expand dealer network
Mahindra Renault will ramp up its dealer network to 43 by the month-end to meet the growing demand for the Logan passenger introduced in April. The dealer network will be increased to 70 in the next two months, said a company official. The ...
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Country Club to invest Rs 100 cr in Kerala
Country Club India Ltd, one of the fastest growing entertainment and leisure infrastructure companies, has proposed to invest Rs 100 crore in Kerala over a period of three years for developing properties. At present, the group has two ...
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Panna-Mukta-Tapti may raise gas production by Sept 1
Capacity addition programme on schedule
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PEOPLE
New COO for Airtravel
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