CORPORATE
OVERSEAS BORROWINGS
Gayatri Projects to raise $30 m
Gayatri Projects Ltd will raise $30 million through various instruments from the domestic and foreign markets. An extraordinary general meeting of the company held recently had given the approval to the board, according to a statement.— ...
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ESOPS
ESOPs take the tax toll
The multinational company I work for has allotted some shares to me under an Employees Stock Option Plan. These shares have been sold outside India and the proceeds transferred to my bank account. Will the gain from the ...
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FINANCIAL PERFORMANCE
India Info Edge net rises
India Info Edge on Friday reported net sales for the quarter ended June 30, 2007 at Rs 46.5 crore compared with Rs 43.6 crore in the previous quarter. (The figures for the corresponding quarter last year were not available as the company got ...
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MERGERS & ACQUISITIONS
Elder Pharma to pick up 20% in UK’s Neutra
Acquisition to be funded thru FCCB
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NEW PROJECTS
Bhatinda refinery: SBI team lending Rs 7,793 cr
Mumbai, July 28 A consortium of lenders led by State Bank of India has committed Rs 7,793 crore to Guru Gobind Singh Refinery Ltd, which is setting up a 9 million tonne refinery at Bhatinda in Punjab.The company is a joint venture ...
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Malaysia’s Awana launches Hyderabad centre
Hyderabad, July 28 Malaysian restaurant chain Awana has set up its first multi-cuisine centre in India at Hyderabad and plans to locate about eight more of them within three years including two in Mumbai and Delhi shortly.Awana means ...
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OVERSEAS INVESTMENTS
Phillips Carbon venture with Vinachem may be formalised in September
Phillips Carbon Black Ltd will give formal shape to the proposed joint venture with Vietnam National Chemical Corporation (Vinachem) in September for a $45-million and 50,000-tpa carbon black facility there.“We have firmed up the ...
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OUTLOOK
Renault, Bajaj Auto discuss joint venture plan
Mumbai, July 28 The two-wheeler major Bajaj Auto and the French auto maker Renault confirmed on Saturday that they are in talks for a possible joint venture to make vehicles in India.In a joint press release issued here on Saturday, ...
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New Holland to ramp up capacity to 25,000 units
Company expects revenues to cross Rs 1,000 cr by year-end
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