CORPORATE
ANNOUNCEMENTS
DaimlerChrysler seeks lower, uniform excise duty
Cos will make more investments if sales volumes are higher: CEO
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Swiss co to open office in Bangalore
Swiss machine tool major, GF AgieCharmilles, has announced the opening of its India sales and technical support office here. The company, which has been supplying machine tools to its customers through its distributors, hopes to strengthen its ...
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DIVIDEND ANNOUNCEMENT
A date with dividends
You may often come across market buzz about company X and a “strong” possibility of it announcing a handsome dividend over the next few days. Even the possibility of a dividend or bonus props the share price. Yet, when the stock ...
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MANPOWER
Bajaj offers VRS, 2 other options to Akurdi workers
Mumbai, Sept. 8 Bajaj Auto Ltd has offered three options including VRS to all its workers at the Akurdi plant near Pune, which has been shut since September 1. The company management made the offer at a meeting with the Union ...
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CORPORATE BONDS
Spate of convertible warrants in offing
Kolkata, Sept. 8 It will soon start raining convertible warrants on investors, thanks to a clutch of promoters. Companies including Bombay Dyeing, Martin Burn and Eveready Industries have notified the stock exchanges their plans to ...
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MERGERS & ACQUISITIONS
UB offer for Deccan opens on Sept 12
Mumbai, Sept. 8 The UB Group’s open offer to the public for acquisition of Deccan Aviation shares (Air Deccan), will now open on September 12, nearly seven weeks after the date (July 25 ) originally announced. The revised completion ...
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NEW PROJECTS
Tata Steel to adopt Corus tech
Kolkata, Sept. 8 Tata Steel plans to implement alternate technology used by the British steel maker Corus, which it acquired recently, in its greenfield steel plants to reduce cost of production, according to Mr B. Muthuraman, Managing ...
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GM Talegaon unit to be operational by next April
Enters dealership tie-up with KLN group
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OVERSEAS INVESTMENTS
GSPC may enter into firm contract with Egypt soon
To start oil, gas exploration in 2 blocks; initial profit-sharing pact already in place
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ALLIANCES & JOINT VENTURES
Trivitron, Japanese co forge jt venture
Ultrasound equipment manufacturing
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SAIL-Posco working group formed
Kolkata, Sept. 8 A joint working group comprising four members each from SAIL and Posco of Korea has been formed to look into the broad co-operation agreement entered into between the public sector steel giant and the Korean steel ...
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PERFORMANCE
Durgapur Steel Plant output up 56% in Aug
Kolkata, Sept. 8 Durgapur Steel Plant has recorded the best-ever monthly production of special steels since inception in August. Last month, the plant produced 44,000 tonnes of special steels, which comprised 29 per cent of the total ...
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