CORPORATE
ANNOUNCEMENTS
Nicholas Piramal gets US nod for cancer compound
Stating that the US Food and Drug Administration has approved the IND application, the company said that it’s a first from India in the cancer segment. Multiple Myeloma (MM) is the second most common hematologic malignancy, ...
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S&P may shift its rating biz to India from Singapore
‘There would be no loss of labour at Singapore’
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PREFERENTIAL ALLOTMENTS
Andhra Cements pref issue
Andhra Cements Ltd will issue 1.54 crore equity shares by way of preferential issue on private placement basis to Infrastructure Development Finance Company (87.4 lakh ) and promoter companies (66.7 lakh). The pricing would be in accordance with ...
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Electrosteel interim dividend
KOLKATA: The board of directors of Electrosteel Castings Ltd has approved the proposal to issue up to 26 lakh share warrants to promoters/promoter groups. According to a statement released by the company here, the issue price will be ...
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OVERSEAS BORROWINGS
Dish TV in talks with FIIs to raise funds
New Delhi, July 27 Dish TV India Ltd, the Direct-to- Home (DTH) service provider of the Essel Group, is in talks with foreign institutional investors to raise money for future investment. “We are in talks with a few people. We are ...
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NEW BUSINESS
Punj Lloyd bags Rs 498-cr order
Engineering and construction firm Punj Lloyd Ltd has bagged a Rs 498 crore order from Reliance Gas Transportation and Infrastructure Ltd (RGTIL) for laying pipeline and associated facilities for the latter’s East-West pipeline project. ...
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HUMAN RESOURCES
Ganage launches training centre in Pune
Pune, July 27 Ganage Group of Industries, suppliers of the auto component, has launched Rojee Tasha Technologies Pvt Ltd (RTTEC) to impart training and create a talent pool of engineering professionals in the city.Talking to ...
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RESTRUCTURING
Celebrity Fashions may hive off export unit
Chennai, July 27 Celebrity Fashions Ltd may hive off its export division into a separate entity. “The move will enable us to give greater focus to the core business of each divisions and to strengthen competencies, raise further ...
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MERGERS & ACQUISITIONS
DTZ buys UK property consultancy
New Delhi, July 26 Global property adviser DTZ, has acquired the business and assets of UK-based property consultancy Donaldsons LLP in acash plus stock deal for an initial consideration of £39.8 million (Rs 329 crore), plus deferred ...
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Renuka Sugars buys two cos
Mumbai, July 27 Shree Renuka Sugars Ltd has drawn up Rs 273 crore investment plan to grow its business. The company has acquired the Pune-based KBK Chem-Engineering, which is into ethanol engineering, procurement and construction ...
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MIL eyes acquisition in Europe
The company on Tuesday entered into a joint venture with France’s Valeo Electrical Systems to set up a starter motor and alternator plant in Chakan, near Pune, at an investment of Rs 100-120 crore. While Valeo will hold 66.7 per cent ...
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NEW PROJECTS
Suzlon shifting new projects from Maharashtra
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Unitech expanding operations to South
In the process of initiating a range of projects
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SRMB Udyog to set up 12 steel units
Kochi, July 27 SRMB Udyog Ltd, the TMT Bar manufacturer in the secondary steel market in the country, plans to foray into the retail sector by opening exclusive steel shops across the country shortly. The company initially plans to open ...
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OVERSEAS INVESTMENTS
IOC-OIL acquisition vehicle to be in Mauritius
New Delhi, July 27 The special entity to be jointly floated by Indian Oil Corporation (IOC) and Oil India Ltd (OIL) for acquiring oil and gas assets overseas is to be set up in Mauritius. The two State-owned companies are expecting to register ...
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ALLIANCES & JOINT VENTURES
Mitsubishi Heavy, VST plan unit for small diesel engines
Bangalore, July 27 Mitsubishi Heavy Industries Ltd, Japan, and VST Tillers Tractors Ltd have agreed to set up a manufacturing facility for small diesel engines in Mysore. Mitsubishi will hold majority stake of 90 per cent in the venture ...
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Themis, Aventis in tech-transfer deal
Mumbai, July 27 Themis Laboratories Pvt Ltd has signed a technology transfer agreement with Aventis Pharma Ltd for fixed-dose combinations using two of its best selling medicines, glibenclamide (Daonil) and glimepiride (Amaryl).The two ...
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NTPC in pact with BARC
NTPC on Friday announced it has signed an MoUwith Bhabha Atomic Research Centre (BARC) for development of automated boiler tube inspection system in coal-based thermal power plants. The collaboration would be of great utility to the power company ...
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OUTLOOK
‘CESC to invest Rs 18,000 cr in various projects’
CESC Ltd will invest Rs 18,000 crore in various projects between now and 2012, the Vice-Chairman, Mr Sanjiv Goenka, said at the company’s 29th annual general meeting here on Friday.Mr Goenka said Rs 8,000 crore would be invested ...
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Tata Chem looks to renew focus on agri sector
Mumbai, July 27 Tata Chemicals plans to renew its focus on the agriculture sector, especially on the fresh produce business (Khet-Se), for which it recently joined hands with an Irish company called Total Produce.Speaking at the AGM of ...
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TRENDS
Companies to get their own postal pin codes
New Delhi, July 27 Now companies or organisations can get their own pin codes. The Department of Telecom has launched a new scheme whereby entities receiving large number of mails will be assigned a unique pin code that will enable faster ...
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