CORPORATE
ANNOUNCEMENTS
Jaiprakash Associates
NEW DELHI: Jaiprakash Associates Ltd has informed the Bombay Stock Exchange that the Sale Committee of Debt Recovery Tribunal, Delhi, has declared the company as the highest bidder for auction sale of the mortgaged property of Malvika ...
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PREFERENTIAL ALLOTMENTS
BILT share allotment to IFC, DEG
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DIVIDEND ANNOUNCEMENT
VBC Ferro announces dividend
VBC Ferro Alloys Ltd has informed BSE that its board of directors at its meeting on June 30, decided to recommend the payment of 20 per cent dividend on equity shares of Rs 10 each for the financial year ended March 31, 2007. It was also decided ...
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CONSULTING
Ceat plans to rope in consultant for radial foray
Plans to tie up with tyre majors for technical knowhow still on
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IPR
Govt hearing on Glivec next week
Mumbai, July 2 The Government has filed a counter statement at the Intellectual Property Appellate Board (IPAB), in response to Novartis’ objection to the appointment of former Controller General of Patents on the board. The next hearing ...
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RESTRUCTURING
Deloitte consolidates services in India
Global professional services firm Deloitte Touche Tohmatsu announced the launch of Deloitte & Touche Consulting India Pvt Ltd, a consolidation of its consulting services in India. The company appointed four new partners as part of ...
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MERGERS & ACQUISITIONS
Godrej Sara Lee buys Sara Lee biz in India
Mumbai, July 2 Consolidating its operations in the Indian subcontinent, the US-based Sara Lee Corporation has sold its subsidiary’s business in India and Sri Lanka to its existing joint venture company Godrej Sara Lee(GSLL) for $13 ...
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NEW PROJECTS
Lanco building world’s tallest residential complex
Lanco Hills project to house Grand Hyatt, Holiday Inn hotels
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GMR Infra setting up 2 SEZs in Hyderabad
Mumbai, July 1 GMR Infrastructure Ltd is setting up an exclusive Special Economic Zone (SEZ) for manufacturing aviation speciality products in Hyderabad. This is one of the two SEZs being set up by the group in the 50-acre land. ...
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REGULATORY BODIES & RULINGS
‘SEBI must make listing easier for corporate bonds’
New Delhi, July 2 Trading may have begun on corporate debt instruments at the BSE and the NSE, the country’s major stock exchanges. But a Finance Ministry source felt it does not entirely address the concerns of the Government, which ...
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ALLIANCES & JOINT VENTURES
Norsk Hydro inks pact with ONGC
Agrees to buy 10% stake in KG Block
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Hindalco ties up with PSUs
Aditya Birla flagship metal company Hindalco Industries has entered into a joint venture with Mahanadi Coal Ltd (MCL) and Neyveli Lignite Corporation (NLC) for coal mining. The tie-up with the two public sector undertakings will be for Talabira ...
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SICK UNITS
FACT shuts down plants for 3 months as losses mount
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OUTLOOK
Canon India sets 3-pronged strategy for trebling growth
Shifts focus to individual segments
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Nalco set to acquire 241 wagons
Places orders with Bharat Bhari Udyog Nigam
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PERFORMANCE
Bajaj 2-wheeler Q1 sales down 14%
The first quarter of the current fiscal has been disappointing for Bajaj Auto Ltd’s two-wheelers, as sales dropped 14 per cent year-on-year, and 12 per cent during June alone. Three-wheeler sales during the three-month period ...
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M&M June sales up 52.2%
In June, Mahindra & Mahindra posted total vehicle sales of 17,816 units, a growth of 52.2 per cent over the corresponding month last year. Of the total sales, the company clocked domestic vehicles sales of 16,814 units as against 11,178 ...
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M&M tractors sustain high sales
Mahindra & Mahindra’s Farm Equipment Sector, part of the $4.5-billion Mahindra Group, sustained its tractor sales growth in June from a high base in the corresponding month last fiscal. It posted volumes of 9,525 compared with 9,517 ...
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