CORPORATE
ANNOUNCEMENTS
RPL completes 65% work in Jamnagar refinery
Mumbai, July 16 Reliance Petroleum Ltd (RPL) has completed 65 per cent of the project work for the refinery complex, which is coming up coming up in a SEZ at Jamnagar. The project was commenced 19 months ago.Engineering and ...
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PREFERENTIAL ALLOTMENTS
Banks pick up SICAL shares
Credit Suisse Singapore Ltd and Macquarie Bank Ltd have picked up 20.50 shares each, close to 5 per cent each, in the Chennai-based Sical Logistics Ltd, the company informed the stock exchanges today. The shares were issued to the two financiers ...
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OVERSEAS BORROWINGS
Economic Advisory Council advocates restraint on ECBs
Cautions against ‘bypassing’ domestic rate structure
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DIVIDEND ANNOUNCEMENT
Suryajyoti Spinning to pay 12%
Suryajyoti Spinning Mills Ltd has informed the BSE that the company board, at its meeting today, recommended a dividend at the rate of 12 per cent (Rs 1.20 per equity share) for the year ended March 31. — Our ...
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NEW BUSINESS
Lanco bags Rs 1,006-cr projects
Two special purpose vehicles of Lanco, Hoskote Highways Pvt Ltd and Devihalli Highways Pvt Ltd, bagged contracts worth Rs 1,006 crore for construction and operation of two toll road projects in Karnataka. The projects were 81 km ...
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MERGERS & ACQUISITIONS
Arch Infra acquires sick forging unit
Pune, July 16 Arch Infra Projects Nirman Pvt Ltd, a Pune-based infrastructure development company, has acquired Trinity Forge, an Ahmednagar-based sick forging unit, for Rs 17 crore.With trial production already under way, the ...
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RCom to market Yipes products in India
Mumbai, July 16 Reliance Communications, which acquired the US-based Yipes Holdings, plans to spend Rs 1,000 crore in the next couple of years to market the US company’s products. “We will be spending about Rs 1,000 crore ...
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CORPORATE GOVERNANCE
‘Get approvals before prosecuting Govt cos, directors’
The officers of Ministry of Corporate Affairs (MCA) will have to comply with a strict procedure before filing any prosecutions against Government companies, directors and officers for contravention of the Companies Act.Cautioning its ...
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OVERSEAS INVESTMENTS
TVS Indonesia facility to bolster export potential
R&D centre inaugurated at Karawang
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IOC, OIL yet to decide on Devon block in Angola
With the less than 48 hours to go before the closure of bid for discovery block in Angola belonging to US-based Devon Energy, the consortium of IOC and Oil India Ltd is yet to firm up views on whether to participate or not.The last date ...
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JM Fin eyes US, European markets
Mumbai, July 16 The JM Financial Group plans to but 20-30 per cent stake in an investment boutique in the US or European markets in the next one year, said Mr Vishal Kampani, MD and Head – corporate Finance, JM Consultants Pvt. Ltd. at ...
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ALLIANCES & JOINT VENTURES
Ashok Leyland, Siemens VDO setting up joint venture
Company will design, develop electronic components
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DIVERSIFICATION
Goldstone Tele plans foray into nanotech sector
Hyderabad, July 16 Goldstone Teleservices Ltd (GTSL), which made the first composite material based insulators for power sector applications, now plans to venture into nanotechnology, to diversify its product mix. With investments of up ...
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SICK UNITS
SPIC-banks deadlock continues
Chennai, July 16 From news emerging after the end of a lenders meet today, it appears that there is no immediate likelihood of any re-opening of the fertiliser plant of Southern Petrochemical Industries Corporation (SPIC), with bankers ...
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OUTLOOK
Great Eastern Energy begins CBM production
Plans to raise Rs 300-350 cr from debt market
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Deepak Fertilisers chalks out capacity, agri expansion plan
Q1 net sales up 32%; growth in chemical, fertiliser biz
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PERFORMANCE
ONGC moves up in Fortune Global list
After making a debut in the turnover-based annual Fortune Global club two years ago (with a rank of 459), Oil and Natural Gas Corporation Ltd (ONGC) has moved up 33 notches to 369, up from 402 last year, in the recently published 2007 edition ...
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