CORPORATE
ANNOUNCEMENTS
Ranbaxy recalls epilepsy drug in the US
New Delhi, Nov. 16 Ranbaxy Laboratories has said that it has recalled its Gabapentin tablets, the epilepsy and neuropathic pain-relief drug in the US.Ranbaxy said that it was “carrying out a voluntary recall of all lots of its ...
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Southern Ispat board meet on Nov 23
Southern Ispat Ltd has informed the BSE that a meeting of the board of directors of the company will be held on November 23 to consider future expansion and diversification plans. - Our ...
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PREFERENTIAL ALLOTMENTS
South Asian Petro plans IFC allotment
South Asian Petrochem Ltd has informed the BSE that an EGM of the members of the company will be held on December 8 to offer, issue and allot up to 2,30,86,419 fully paid up equity shares of Rs 10 each to International Finance Corporation (IFC) ...
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Godrej Ind share allotment okayed
Godrej Industries Ltd has informed the BSE that the committee constituted by the board at its meeting held on November 15 approved the issue of 2,79,06,950 equity shares at a price of Rs 215 (face value Re 1 per equity share and premium Rs 214 pe ...
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OVERSEAS BORROWINGS
Essar Oil approves $2 b preferential issue
Drops delisting plan; to invest Rs 24,000 cr in capacity expansion
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Indowind gets nod for $100-m issue
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COURTS/LEGAL ISSUES
Wipro gets injunction against Godrej soap ad
Hyderabad, Nov. 16 Wipro Ltd has obtained an injunction from a Hyderabad court against what it termed was a misleading advertisement released by Godrej for the latter’s soap brand claiming it as No.1. Incidentally, Godrej’s soap ...
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MANAGEMENT
Air India CMD post may be split
New Delhi, Nov. 16 The post of the Chairman and Managing Director of Air India could be split into two. That is if the Ministry of Civil Aviation has its ways. Official sources while confirming to Business Line that ...
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NEW PROJECTS
JCB opens excavator plant in Talegaon
Pune, Nov. 16 Construction equipment manufacturer JCB India Ltd today inaugurated a new plant for heavy-line excavators, adjacent to its existing facility for manufacture of components at Talegaon, near Pune. The company has also sought ...
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OVERSEAS INVESTMENTS
Taxation of gains from transfer of capital assets
The concept of levy of tax on transfer of beneficial ownership in a cross-border transfer is not provided for in the current tax legislation.
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ALLIANCES & JOINT VENTURES
Malaysian co, Kamineni Group float jt venture
UMW Holdings Berhad – Oil and Gas, a Malaysian firm, and Hyderabad-based Kamineni Group have floated a joint venture to manufacture seamless pipes to cater to the needs of oil and gas exploration and production sector.The joint ...
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Tata Steel, Nippon joint venture for automotive steels on track
Pinning hopes on booming auto sector
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SOCIETY & DEVELOPMENT
Free health check-up
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VENTURE CAPITAL
Indiareit Funds plans raising Rs 3,800 cr
Eyeing 100-acre residential township
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DIVERSIFICATION
AMR Agro diversifying into sugar
AMR Agro Farms Ltd (AMRAFL), into bio-fuels and contract farming, is diversifying into sugar through an acquisition from Shri Sangam Cooperative Sugar Factory, Belgaum district of Karnataka.Part of the Hyderabad-based AMR Group, the ...
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Jindal Photo mulls power plant
Jindal Photo Ltd has informed the BSE that the company has received a letter from the Ministry of Coal contemplating allocation of coal in Orissa jointly with two other parties. Accordingly, the company has decided to set up a power plant. In the ...
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OUTLOOK
Hatsun Agro project to encourage farmers to take up dairying
Salem, Nov. 16 “Time and labour saving is basically finance saving,” says Mr Shane Whittaker, Specialist – Dairy Herd Development, Hatsun Agro Product Ltd.Mr Whittaker, a specialist from New Zealand – known for ...
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Vestas RRB to increase focus on export markets
Chennai, Nov. 16 Vestas RRB India Ltd, a manufacturer of wind energy generators, which has expanded its export market to North America, plans to increase focus on export markets. Addressing a press conference after formally handing over ...
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