CORPORATE
CORPORATE DISPUTES
Shishir Bajaj alleges plans were made to oust him from Bajaj Sevashram
New Delhi, Oct. 24 Bajaj Hindusthan Ltd’s Chairman Mr Shishir Bajaj engaged in a legal tussle with elder brother Mr Rahul Bajaj on the division of the group, has alleged that there were attempts to oust him from Bajaj ...
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OVERSEAS BORROWINGS
PTC Q2 net rises 32%
New Delhi, Oct. 24 Power trading major PTC India Ltd on Wednesday posted a 32 per cent rise in the net profit for the second quarter of the current fiscal at Rs 11.40 crore, as against Rs 8.65 crore during the corresponding period last year. ...
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DIVIDEND ANNOUNCEMENT
Dabur India consolidated, standalone net rises
New Delhi, Oct. 24 Dabur India Ltd on Wednesday announced a double-digit increase in its standalone and consolidated net profit with sales driven mainly in the oral care, health supplements for the second quarter ended September 30, 2007. ...
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OIL pays total dividend of Rs 546 cr
New Delhi, Oct. 24 Oil India Ltd (OIL) has paid a total dividend of Rs 546 crore to the Government of India for the year 2006-07, which is 260 per cent of the paid-up capital of Rs 210 crore held by the Government. The company on Wednesday ...
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MERGERS & ACQUISITIONS
Earnings model keeps Lupin profits healthy
Scouting for more acquisitions, intellectual property generation
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Cairn India up on stake sale talk
The Cairn India stock has flared up amid rumours of a takeover attempt on its parent, Cairn plc. The stock gained 6.78 per cent to Rs 204.75 with sharp surge in trading volumes of 45.33-lakh shares against two-week average figure of 11-lakh ...
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GIP picks 74% stake in East India Petroleum
Mumbai, Oct 24 London-based Global Infrastructure Partners, a private equity firm, sees a wide market for private-owned oil and gas storage facility in India.GIP has, through a joint venture with Delhi-based private equity investor Zeus ...
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IMPACT
Wockhardt’s buy to strengthen US market
Lawsuits pertaining to Lindane may pose challenges
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NEW PROJECTS
ONGC plans Rs 31,000 cr capex in 11th Plan
Mumbai, Oct 24 Oil and Natural Gas Corporation Ltd aims to invest over $ 5 billion and produce 25 million metric standard cubic metres per day of gas from its fields in the Krishna Godavari basin by 2012-13, the Chairman and Managing Director, ...
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Lindstrom sets up shop in Chennai
The Finland-based textile service company Lindstrom has set up a service centre here that will cater to corporate work — wear maintenance and rental.The centre will offer services such as designing and tailoring employee uniforms, ...
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ALLIANCES & JOINT VENTURES
GMR Hyderabad signs pact with Belgium co
Hyderabad, Oct 24 GMR Hyderabad International Airport Ltd (GHIAL) has signed an agreement with the Belgium-based Sabena Flight Academy to set up a modern aviation academy at the Rajiv Gandhi International Airport coming up at Shamshabad near ...
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Patni signs pact with BITS Pilani
Mumbai, Oct. 24 Patni Computer Systems has entered into a memorandum of understanding with Pilani-based Birla Institute of Technology & Science (BITS) for a two-year masters level degree in embedded systems for Patni’s employees. ...
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Daihatsu willing to partner with Toyota
For launching small cars in India
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OUTLOOK
Toyota to tread cautiously on India plans
Will focus on the multi-utility vehicle segment
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Skoda Auto may roll out 1.6-litre Octavia variant
Mumbai, Oct. 24 Skoda Auto India may introduce a 1.6-litre variant in the Octavia range that now has the 1.9-litre diesel and 1.8-litre turbo petrol variants. Mr Karsten Bogun, Managing Director of the company, said: “We are ...
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Advinus plans inorganic growth, alliances
Bangalore, Oct. 24 Advinus Therapeutics Ltd, the 14-month-old drug discovery and contract research company promoted by the Tata group, has charted out a growth course that includes R&D acquisitions, strategic alliances and therapeutics ...
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PERFORMANCE
Healthy numbers from Britannia
Biscuits & bakery biz to sustain robust growth
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