CORPORATE
ANNOUNCEMENTS
Autogas LPG stations in AP
Aegis Logistics Ltd, a logistics solutions provider and marketer of bulk LPG, is planning to set up 70 autogas LPG outlets in Andhra Pradesh through a franchisee route. The company has inducted Keerthej Autogas agency as the sole agent for ...
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Call to allot captive mines to Vizag Steel
Visakhapatnam, Oct. 29 It is imperative that the Union Government take immediate steps to allocate captive iron ore mines to the Visakhapatnam Steel Plant, as otherwise the future of the plant will be bleak, according to Mr M.K. Pandhe, ...
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OVERSEAS BORROWINGS
‘More flexible norms for ECB, infrastructure investment must’
Guidelines for pension, insurance funds need to be revisited: Chidambaram
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XL Telecom allots $5-m FCCBs
XL Telecom & Energy Ltd has informed the BSE that the company has allotted additional foreign currency convertible bonds (FCCBs) worth $5 million, thereby taking the total allotment to $40 million (about Rs 160 crore). The company allotted ...
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Northgate GDRs Luxembourg listing
Northgate Technologies Ltd has informed the BSE that the 36,60,000 Global Depository Receipts issued by the company on October 23, have been officially listed on the Luxembourg Stock Exchange under Euro MTF market. Each GDR represents 1/2 of one ...
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DIVIDEND ANNOUNCEMENT
Sundram Fasteners Q2 net rises, to pay 45% interim
Sundram Fasteners Ltd recorded total sales and other income of Rs 597.09 crore for the half year ended September 30, 2007 as against Rs 605.02 crore achieved during the same period in the previous year.Export sales for the period were ...
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BEL pays Rs 85-cr dividend to Govt
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NEW BUSINESS
IVRCL bags Rs 346-cr orders
IVRCL Infrastructures and Projects Ltd has bagged new orders aggregating to Rs 346.80 crore in Rajasthan and Maharashtra. The orders included water transmission works (Rs 223.52 crore) and power transmission works (Rs 123.28 crore), according to ...
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AWARDS & HONOURS
Companies gear up for CII-Exim Bank Award
Only six companies have won this award since its inception more than a decade ago, while many have figured in the three other levels signifying various milestones that the organisations could aim for as they progress their journey towards the ...
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MERGERS & ACQUISITIONS
Hinduja group eyeing Kakinada refinery
In talks with ONGC; Gulf Oil may acquire stake
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NEW PROJECTS
Maruti to invest $1.8 b in Haryana R&D facility
Net profit rises 27%; Nakanishi to replace Khattar
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Steel sector boom propels Ferro Alloys Q2 net profit
New Delhi, Oct. 29 The surge in the steel sector has helped Ferro Alloys Corporation (FACOR) record a 248.05 per cent rise in its net profit for the second-quarter ended September 30, 2007. The group’s net profit was at Rs 43.75 crore ...
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ALLIANCES & JOINT VENTURES
Ghosn visits Bajaj Auto's Chakan plant
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Nissan’s Ghosn gung-ho on Indian auto market
‘All the growth taking place in developing markets’
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Talwalkars to launch premium health clubs
Plans joint venture with European major
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Ashok Leyland, Nissan sign pact to produce LCVs, power trains
Chennai, Oct 29 Ashok Leyland and Nissan on Monday formally signed a master co-operation agreement to set up three joint venture companies in India. The two partners intend to invest $500 million (Rs 2,000 crore) across the three companies. ...
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Andhra varsity, Heramec ink pact
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OUTLOOK
FCI Aravali hopes to get mining leases for gypsum
New Delhi, Oct. 29 FCI Aravali Gypsum & Minerals India Ltd (FAGMIL) expects to secure five new mining leases for the exploration of gypsum. “We have applied for the licences for five new mines for the exploration of gypsum and ...
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PEOPLE
New Director for RINL
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