CORPORATE
ANNOUNCEMENTS
Dunlop suspends work at Ambattur factory
Dunlop India Ltd has suspended operations at its Ambattur factory here blaming the sale of land by the previous management. An ‘unmeasured’ portion of the land sold in 2004 is within the factory premises making it impossible to ...
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Deccan Chronicle MD gets shares worth Rs 1,170 cr as gift from promoters
Hyderabad, Aug. 7 Deccan Chronicle Holdings Ltd (DCHL), publisher of Deccan Chronicle, today informed the stock exchanges that two of the promoters have gifted 4,96,92,416 equity shares in the company to a third promoter, which at ...
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Emgee Cables launches new range
Jaipur-based Emgee Cables & Communications Ltd, manufacturer of electrical and electronic wires and telecommunication cables, has launched a new range of chloride and lead-free (CLF) electrical wires for residential buildings. The difference ...
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OVERSEAS BORROWINGS
Fresh curbs on overseas borrowings by cos
Move aimed at modulating capital inflows
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Tata Steel raises $875 m for Corus buy
Mumbai, Aug. 7 Tata Steel Ltd has raised $875 million in Foreign Currency Convertible Alternative Reference Securities (CARS) issue, including a $150-million green shoe option, for funding its $12-billion Corus Group acquisition.The ...
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NEW BUSINESS
PFC transfers Sasan project to Reliance Power
We are committed to invest Rs 60,000 cr in the project: Anil
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Srei to conduct study on Lanka’s mass transportation system
Singapore land transport authority joins in
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Punj Lloyd bags Bina contract
Punj Lloyd Ltd has secured Rs 590-crore contract for building a sulphur block at Bina Refinery of Bharat Oman Refineries Ltd at Bina, Madhya Pradesh. The lump-sum turnkey contract entails engineering, procurement, construction and commissioning ...
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INSIGHT
Imperatives in corporate forex hedging
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RESTRUCTURING
RPG group cos merge into KEC International
KEC International Ltd, an RPG group company with global footprint in power transmission infrastructure business, announced on Monday the merger of group companies RPG Transmission Ltd and National Information Technologies Ltd (NITEL) into KEC ...
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MERGERS & ACQUISITIONS
Cross-border deals set to continue dominance: PwC
M&A activity is expected to remain on an uptrend in the second half of 2007 and the dominance of cross-border deals is expected to continue, according to a PricewaterhouseCoopers report on the deal economy in India during the first six ...
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ICI India up on Akzo Nobel bid
Mumbai, Aug. 7 The stock of ICI India has gained considerably on the bourses on news that the Dutch chemical group Akzo Nobel NV may announce an open offer to the shareholders of ICI India Ltd as it has received access to the books of ICI ...
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CORPORATE GOVERNANCE
SAIL move to adopt more transparency in fresh contracts
New Delhi, Aug. 7 Steel Authority of India Ltd (SAIL) has decided to implement an integrated pact with bidders or vendors for all fresh purchases and contracts, which are valued at Rs 100 crore and above.“The system will come into ...
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NEW PROJECTS
SKM Tech may set up second unit in Bangalore
Hyderabad, Aug 7 SKM Technologies Pvt Ltd, a maker of aerospace components, is exploring options of setting up its second unit in Bangalore, according to its Managing Director Mr B. Krishna Rao. The Hyderabad-based company has bagged ...
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Ranvik set to open Rs 12-cr unit in Pune
To manufacture chassis frames for Tata Motors
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Western Consolidated plans unit at Uttarakhand
Kolkata, Aug. 7 Western Consolidated, a Kolkata-based generator set manufacturing company, plans to invest nearly Rs 20 crore to set up its third manufacturing unit at Sitarganj in Uttarakhand, according to Mr Vineet Dhingra, Managing ...
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TRADE & LABOUR UNIONS
Dunlop union writes to BIFR on disposal of non-core assets
Company owns prime property of over 58.5 acres
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ALLIANCES & JOINT VENTURES
‘Essar selling petrol to Reliance’
Sales close to 5,000 t since May at refinery transfer price
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OUTLOOK
RINL studying integrated transport network
Bids to be invited from barge operators soon
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Nalco to get coal from other sources
New Delhi, Aug. 7 The Central Government has found a solution to National Aluminium Company Ltd’s (Nalco) current coal crisis.The Coal Ministry in consultation with the Railways, Nalco and other coal companies has taken a decision ...
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Ma Foi targets Rs 500-cr turnover
Keen to expand overseas operations
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DuPont raises focus on animal, human health solutions
New Delhi, Aug. 7 DuPont has entered the animal health solutions with biosecurity products for the poultry industry. It is also introducing disinfectants and decontamination products for hospitals in India. According to Mr Balvinder ...
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PERFORMANCE
Strong Q1 show from realty, despite concerns
Growth in revenues 65%, reported profits 119%
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PEOPLE
Sudhir Jalan exits SICPA
SICPA India Ltd announced that its Vice-Chairman, Mr Sudhir Jalan, has sold his interests in the company and that SICPA has acquired the entire shareholding of the Sudhir Jalan Group. Confirming the development, Mr Jalan, who has been with the ...
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