CORPORATE
ANNOUNCEMENTS
India Cements plans fund raising
Chennai, Nov. 13 India Cements Ltd on Tuesday informed the stock exchanges that its board of directors will meet on November 19 to consider raising of funds through equity or equity linked securities in the domestic or foreign ...
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PREFERENTIAL ALLOTMENTS
Usha Martin hikes investment outlay
Kolkata, Nov 13 Usha Martin Ltd has hiked its capital investment outlay from Rs 1,250 crore earlier to Rs 2,100 crore. The board of directors of the company has approved the same at a meeting that was held here today.According to a ...
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OVERSEAS BORROWINGS
Reliance Energy FCCB conversion
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DIVIDEND ANNOUNCEMENT
STC pays 40% final dividend to Govt
The State Trading Corporation (STC) on Tuesday has disbursed a final dividend of 40 per cent for 2006-07 to the Union Government, over and above an interim dividend of 20 per cent already paid for the last fiscal, taking the total annual dividend ...
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IPR
2-member Bench can look into Novartis’ Glivec case, says HC
Novartis had objected to appointment of S. Chandrasekaran to IPAB
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MERGERS & ACQUISITIONS
I D Mittal picks up 3% stake in Dollex
Mr I. D. Mittal, a senior sugar industry professional and the executive director of Bajaj Hindustan Ltd, is picking up around three per cent stake in Dollex Industries, which is expanding its capital base through a preferential issue of shares ...
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Royal Orchid buys Bangalore hotel
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NEW PROJECTS
Royal Orchid Hotels on expansion mode
Pune, Nov. 13 The Bangalore-based hospitality chain Royal Orchid Hotels is on an expansion mode. Mr Chender Baljee, Managing Director, Royal Orchid Hotels, told Business Line it had entered Pune with a management ...
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Camlin plans new facility in Jammu for colour products
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TRADE & LABOUR UNIONS
Bajaj Auto, union hold talks on Akurdi plant
Fresh round of talks started on Tuesday between the management of Bajaj Auto Ltd and its trade union at the Akurdi premises here.The management has made an offer that if the workers should decide to leave, their offsprings would be ...
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ALLIANCES & JOINT VENTURES
Raytheon signs deals with 4 Indian firms
New Delhi, Nov. 13 With an aim to help develop superior defence technology for India’s military forces, US defence firm Raytheon Company has signed new memorandums of understanding with four Indian companies — Wipro Ltd, Larsen ...
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EVENTS
Tata Steel to celebrate centenary of Jamshedpur in ’08
Mumbai, Nov 13 In honour of Jamshedpur and its people who have contributed to the company’s success, Tata Steel will host a four-day city festival – Shatrang – between January 2 and 5, 2008. Tata Steel commenced its ...
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DIVERSIFICATION
Puravankara to invest Rs 1,000 cr in South India
Kolkata, Nov. 13 Puravankara Projects Ltd, a Bangalore-based property developer, plans to invest nearly Rs 1,000 crore over the next two years to set up four to five hotels in South India. The company is in talks with hospitality giant Oberoi ...
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OUTLOOK
Samsung India bullish on revenue growth, exports
Opens second manufacturing unit near Chennai
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