CORPORATE
ANNOUNCEMENTS
Reva launches upgraded version
Reva Electric Car Company has launched an advanced version of its electric car, Reva-I which uses AC drive train to give better speed, range and acceleration.The Reva’s Deputy Chairman and the Chief Technology Officer, Mr Chetan ...
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Lakshmi Caipo slub yarn systems launched
Coimbatore, July 25 The city-based Lakshmi Caipo Industries, the joint venture between Lakshmi Ring Travellers (Coimbatore) Ltd (LRT) and the Italy’s Caipo Automazione Industriale SRL to manufacture the slub and core yarn manufacturing ...
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PREFERENTIAL ALLOTMENTS
Bombay Dyeing proposes preferential issue
Net profit rises 21% at Rs 18 cr in June quarter
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OVERSEAS BORROWINGS
Ispat Ind plans to raise $500 m for project funding
Keen to cut dependence on third-party raw material suppliers
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DIVIDEND ANNOUNCEMENT
Castrol India Q2 net rises 32%
Mumbai, July 25 Castrol India has said its second quarter net profit rose by 32 per cent driven by better margins that came from better price realisations as the company improved its product and customer mix.Net profit for the quarter ...
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MERGERS & ACQUISITIONS
Mittal may transfer Kazakh stake to OMEL
Pays first instalment for HPCL’s Bhatinda refinery
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Godavari Fertilisers, Coromandel merge
Chennai, July 25 Godavari Fertilisers and Chemicals Ltd has approved the scheme of merger with Coromandel Fertilisers Ltd. According to information provided by the company to the stock exchange, its shareholders will receive three ...
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NEW PROJECTS
Thermax’s China, Vadodara units to begin operations soon
Company posts Q1 net profit of Rs 56 cr
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Ventura Textiles plans Rs 92-cr expansion
Mumbai, July 25 Ventura Textiles Ltd, a Mumbai-based export oriented company, is planning to invest Rs 91.6 crore in expansion of its dyeing facility. The company will also set up a captive power plant at its unit in Nashik. The star ...
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IHCL’s new biz hotel in Pune
Indian Hotels Company Ltd (IHCL), running the Taj group of hotels, has entered into a management contract for a Gateway Hotel in Hinjewadi, Pune with Paranjape Schemes Construction Ltd, said a release. The new hotel will be a part of the Taj ...
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REGULATORY BODIES & RULINGS
Ipca-Ranbaxy drug gets US nod
New Delhi, July 25 The less than a year old Ipca Laboratories and Ranbaxy Pharmaceuticals alliance has received its fourth US Food and Drugs Administration approval for three strengths of hydrochlorothiazide tablets. The drugs will be ...
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ALLIANCES & JOINT VENTURES
SAIL, Mittal open to tie-ups
Joint R&D activities, sharing of Chiria iron ore reserves on the radar
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DIVERSIFICATION
Unichem to set up SEZ in Madhya Pradesh
Mumbai, July 25 Unichem Laboratories Ltd is setting up a special economic zone (SEZ) at Pithampur, Madhya Pradesh, and is set to invest over Rs 50 crore in its first phase of its development. The company has leased about 27.5 acres of ...
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OUTLOOK
Cairn hires new rig for Cambay asset
For maintaining production from its fields
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PERFORMANCE
ONGC: Lower subsidy, higher other income help earnings
BL Research Bureau A relatively lower subsidy burden and substantially higher other income have helped Oil and Natural Gas Corporation (ONGC) to report a 12-per cent increase in post-tax earnings during the quarter ended June 30. The stronger ...
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PEOPLE
New chief steering ONGC ‘towards his vision’
Kolkata, July 25 Having formally taken over the driving seat of ONGC group of companies this month, Mr R.S. Sharma is now on his course to bring the house in order. He sets priorities in the basics be it business or administration. ...
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New Xerox Office Group director
NEW DELHI: Xerox India has appointed Mr Princy Bhatnagar as the Director for Xerox’s Office Group. Mr Bhatnagar takes over from Mr Natesh Mani, Executive Director, New Office Group, who has moved to join Xerox West Asia and Africa ...
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