CORPORATE
RESEARCH & DEVELOPMENT
International workshop on research
Coimbatore, Aug. 23 A two-day international workshop on the nuances of research will be held on August 31 and September 1 at the Sardar Vallabhbhai Patel Institute of Textile Management (SVPITM) here.The workshop will focus on among ...
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ANNOUNCEMENTS
Bajaj Auto stops production at Akurdi from September
Cuts workweek to four days with immediate effect
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OVERSEAS BORROWINGS
L&T may raise Rs 3,000 cr via GDR
Mumbai, Aug. 24 Engineering and construction company Larsen and Toubro will raise $700 million (about Rs 3,000 crore) in the next three to four months.It will most likely be through issue of Global Depository Receipts, Mr. A M Naik, ...
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DIVIDEND ANNOUNCEMENT
150% special interim from DSCL
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NEW BUSINESS
Areva T&D bags Essar order
Areva Transmission & Distribution (T&D) India has bagged its first turnkey AIS sub-station contract from Essar Steel at a value of Rs 63 crore. The contract entails the complete design, supply, erection, testing & commissioning of 220 ...
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Era Infra bags ORR phase II mandate
Hyderabad, Aug. 24 The Delhi-based Era Construction Ltd on Thursday announced that its arm Era Infra Engineering Ltd, has bagged an order for design, development and maintenance of an eight-lane access controlled highway under phase II of ...
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TAXATION
‘Tatas highest corporate taxpayer last fiscal’
New Delhi, Aug. 24 The Tata Group has emerged as the largest taxpayer in the country contributing 10.3 per cent to the total corporate tax amounting to Rs 15,130.83 crore in 2006-07, according to industry chamber Assocham.According to ...
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CORPORATE BONDS
Prajay shares to Deutsche Bank
Prajay Engineers Syndicate Ltd, the Hyderabad-based realty company, has allotted 6,69,807 equity shares of Rs 10 each fully paid up at a conversion price of Rs 208 per share to Deutsche Bank AG, London, a Foreign Currency Convertible Bonds ...
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MERGERS & ACQUISITIONS
Reliance Capital acquires 26% in Victory Transformer
Mumbai, Aug. 24 Reliance Capital, through its private equity arm, has invested Rs 75 crore in Victory Transformer & Switchgear Ltd (VTSL), a fully integrated transformer manufacturing company, for an approximate 26 per cent stake. ...
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NEW PROJECTS
Cipla plans Rs 950-cr capacity expansion
Mumbai, Aug 24 Cipla is set to undertake a Rs 950-crore capacity expansion over the next two years, Chairman and Managing Director Dr Y.K. Hamied told shareholders.The investments will be made in three formulations facilities at Sikkim, ...
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Hindusthan Shipyard design centre commissioned
Visakhapatnam, Aug 24 The upgraded ship design centre of Hindusthan Shipyard Ltd (HSL) here was inaugurated by the Chairman and Managing Director, Rear-Admiral Ajit Tewari.Upgradation Three-dimensional ...
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Today’s Writing Products to double capacity at Dadra plant
Plans to increase its share in the domestic pen market
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Kirby Building plans third plant in Maharashtra or Gujarat
New Delhi, Aug 24 Kirby Building Systems (India) Ltd would be setting up its third plant in western India to cater to the growing needs of industries coming up in that area. Currently, the company has two plants in Hyderabad and Hardwar ...
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OVERSEAS INVESTMENTS
Kanan Devan to cultivate tea in Ethiopia
Investing Rs 373-crore in 10,000 ha of plantations
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ALLIANCES & JOINT VENTURES
ONGC may rope in BP, Arrow Energy as partners
For coal-bed-methane exploration and development
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Hines signs pact with DLF
New Delhi, Aug 24 International real estate firm Hines, and Indian real estate company DLF Ltd have signed a memorandum of understanding (MoU) to form a venture to develop a major office tower within master planned, mixed use complex in ...
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SOCIETY & DEVELOPMENT
Elixir of Life
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OUTLOOK
Panel will decide on special status for RIL blocks
Kerala-Konkan basin
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General Motors India to expand dealer network
Unveils a new maintenance-related initiative
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Glochem tapping Europe, US markets
Hyderabad, Aug. 24 Glochem Industries Ltd, with its strategic partner, CIMEX Pharma, Switzerland, is set to tap the regulated European and the US markets with its Clopidogrel Bisulphate, a heart drug, and Raloxifene, the osteoporosis ...
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Dhariwal Industries plans expansion
Entering power, construction sectors
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Fortis plans ‘health cities’ in Rajasthan; looking for land
Outlines Rs 1,200-cr investment over 10 years
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GLO to foray into digital offset
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PERFORMANCE
At Rs 4.50 per unit, power tariff cuts India Inc’s competitiveness
New Delhi, Aug. 24 Poor power supply quality notwithstanding, India Inc shells out rates that are among the highest electricity tariffs in the world. Industrial consumers in India, across various slabs in different States, pay an ...
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