CORPORATE
ACCIDENTS
Fire at Alok Ind texturising plant
Alok Industries texturising unit at Silvassa caught fire on Thursday at 4:30 pm, informed a company release to the BSE. “Sixty to 70 machines might have been damaged in the half acre plant, but there has been no loss of life or injury to ...
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RESEARCH & DEVELOPMENT
Empowered panel okays IIT Kharagpur steel research centre
New Delhi, Aug. 17 The Empowered Committee of the Steel Ministry headed by the Steel Secretary, Mr R.S. Pandey, has approved the setting up of a Steel Research Centre at the Indian Institute of Technology (IIT), Kharagpur. The centre is ...
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ANNOUNCEMENTS
Rain Calcining alters fiscal year
The board of directors of Rain Calcining Ltd has approved the change in its financial year. Accordingly, the current financial year shall be from April 1, 2007 to December 31, 2007 (nine months) and subsequent financial years shall be from ...
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Gulf Oil to mull stock split
Gulf Oil Corporation Ltd has decided to consider stock split and sub-divide each share of Rs 10 each into five equity shares of Rs 2 each, subject to approval of its shareholders. The Managing Director, Mr Subhas Pramanik, told ...
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OPEN OFFERS
FCI OEN gets enough response for delisting offer
Kolkata, Aug. 17 The open offer from the overseas promoters of FCI OEN Connectors for the stated purpose of delisting, has attracted enough response from the shareholders with holding in physical form to make the Indian outfit a candidate for ...
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CORPORATE DISPUTES
RDO orders ‘status quo’ on Dunlop land sale
Chennai, Aug. 17 An interim order following an RDO (Revenue Divisional Officer) enquiry into the sale of Dunlop India Ltd land here has stopped the company and the buyer, a Chennai-based developer, Mr V.N. Devadoss, from taking any action on a ...
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COURTS/LEGAL ISSUES
Is mere provision of leave salary deductible?
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CORPORATE BONDS
Uncertainty over oil bond issue drags oil marketing companies
Kolkata, Aug. 17 In tune with the overall market mood the oil stocks, except Reliance Industries, a diversified player, dropped today on the bourses. The decline, according to market analysts and industry experts, was particularly pronounced ...
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MERGERS & ACQUISITIONS
ITC buys Australian agri-biotech co
Through its arm Russell Credit
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ICICI Bank has role in 79% of outbound M&A deals
Sets up global investment group to ride merger wave
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NEW PROJECTS
Barak Valley Cement plans capacity expansion
To tap capital market in October
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MSN Laboratories forays into formulations
Hyderabad, Aug. 17 MSN Laboratories Ltd forayed into formulations segment by inaugurating its facility here on Friday.The facility would enable production of around 400 million dosage forms and eight million liquid dosage forms. ...
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TRADE & LABOUR UNIONS
Bajaj’s Waluj plant workers get pay hike
Akurdi plant workers must wait
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ALLIANCES & JOINT VENTURES
MoU signed for steel plant in Chhattisgarh
Visakhapatnam, Aug. 17 Steel Authority of India Ltd (SAIL), Rashtriya Ispat Nigam Ltd (RINL) and National Mineral Development Corporation (NMDC) on Friday signed a memorandum of understanding (MoU) in New Delhi for setting up a ...
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Vizag Steel signs pacts with German firm
Supply of converters for capacity expansion
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Star, Broadcast Initiatives tie up
Star India Pvt Ltd and Broadcast Initiatives Ltd, a group company of the Sri Adhikari Brothers, have announced their new alliance for advertising sales. Broadcast Initiatives operates Hindi news channel Live India. Under the terms of the ...
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Ajanta inks tech transfer deal with Taiwanese co
Mumbai, Aug. 17 Ajanta Pharma Ltd has entered into an agreement to out-licence the technology of its anti-scar product Vaniza to Orient Europharma of Taiwan. It is a first time alliance for Ajanta and it has received its first upfront ...
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Visa Steel pact for ferrochrome plant in Orissa
Mumbai, Aug. 17 Visa Steel Ltd, an integrated special and stainless steel company, has entered into a joint venture with Baosteel Trading Company, China, and Visa Comtrade AG, Switzerland, for setting up a one-lakh TPA ferrochrome plant at ...
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OUTLOOK
Timken shifting manufacturing to India
To build facilities for meeting growing demand
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IOC’s financials may feel the pinch of refining margin
Rupee fall, delay in oil bonds issue compound problem
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ITC agarbattis to find new markets thru ‘Fair Trade’
Kolkata, Aug. 17 ITC Ltd is all set to make a fresh breakthrough in agarbatti exports through IFAT (International Fair Trade Organisation) certification for one of its major vendors. Cottage Industries, producing the Mangaldeep brand ...
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PEOPLE
Mehra is new Essar Steel CEO
Essar Steel has announced that it has appointed Mr Jatinder Mehra as the Chief Executive Officer of Essar Steel Holdings Ltd. Mr Mehra has been associated with the Essar Group since 1997 in various capacities, including Managing Director of Essar ...
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Aarti Drugs MD resigns
Aarti Drugs has said that Mr Satish P. Nachane, Managing Director, has resigned as Director of the company with effect from July 30. This announcement comes within weeks of the company making separate announcements on the BSE – announcing ...
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