CORPORATE
ACCIDENTS
Air leakages at ONGC Mehsana wells
New Delhi, Nov. 28 Leakages at ONGC’s air injection wells in Mehsana asset in Gujarat could marginally affect the company’s output from the region. The leakage seems to have resulted in air and mud blow out in three shallow tube ...
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RESEARCH & DEVELOPMENT
BAAP gets US recognition
The Ahmedabad-based BAAP Diagnostics Ltd. has been awarded an accreditation by the College of American Pathologists (CAP). It is a part of BA Research India Ltd, a clinical research organisation (CRO), headquartered in Ahmedabad and ...
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ANNOUNCEMENTS
TVS Group to sell 6.18 acres at Nandambakkam
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OVERSEAS BORROWINGS
IndianOil raising $300-m foreign currency loan
To meet increased working capital needs
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NEW BUSINESS
KEC Intl bags Rs 400-cr overseas orders
KEC International Ltd has said it has won two contracts worth Rs 400 crore in Saudi Arabia and Namibia for construction of power transmission lines.KEC, part of the RPG group, is a major player in the power transmission EPC business. ...
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PowerGrid bags Rs 192-cr order from NDMC
New Delhi, Nov. 28 Power Grid Corporation of India Ltd (PGCIL) on Wednesday entered into two agreements with the New Delhi Municipal Council (NDMC) for strengthening transmission system at an estimated cost of Rs 192 crore. Under the ...
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AWARDS & HONOURS
Emmvee Solar Systems bags award
The Bangalore-based Emmvee Solar Systems has been awarded the second prize for Solar Water Heater Manufacturer by the Union Ministry of New and Renewable Energy. The award was presented to Mr Manjunatha D V., Managing Director of the company. ...
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TAXATION
Tax impact of Reliance Ind’s divestment of RPL shares
Chennai, Nov. 28 Is there a tax implication in the $1 billion-lift that Reliance Industries Ltd (RIL) gained by divesting its 4 per cent stake in Reliance Petroleum Ltd (RPL)? “Nil,” says Mr V.K. Subramani, a practising chartered ...
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CORPORATE BONDS
TIL plans to mop up Rs 98 cr thru equity warrants issue
Enam group to pick up stake among others
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RESTRUCTURING
RSWM to hive off investment unit
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MERGERS & ACQUISITIONS
Tata Steel sets up ‘group centre’ to address key functions
Mumbai, Nov. 28 Tata Steel has identified key functions to be performed with a common approach across the steel major’s group and has set up a ‘group centre’ for the purpose.Tata Steel comprises two entities — ...
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CORPORATE GOVERNANCE
BSE plans corporate governance index
Kolkata, Nov 28 In a bid to put in place a proper mechanism for the capital market to recognise corporate and social sustainability contribution of listed companies, the Bombay Stock Exchange was planning to create a new indexation of such ...
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NEW PROJECTS
HPC gets Cabinet nod for subsidiary
New Delhi, Nov 28 Hindustan Paper Corporation Ltd (HPC), a Kolkata based Central sector enterprise, has received the Cabinet nod to form a subsidiary to set up a new paper mill.The subsidiary to be set up at Jagdishpur, Uttar Pradesh, ...
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OVERSEAS INVESTMENTS
Investing in India makes British cos stronger, says Richard Stagg
‘If you do not move with speed, the other guy will overtake you’
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Indian cos urged to look at Rotterdam as gateway to Europe
Chennai, Nov. 28 Indian businesses could look at a presence in Rotterdam to gain a foothold in Europe, according to Mr Mark Harbers, Vice-Mayor, Economic Affairs of Port and Environment, Rotterdam.Mr Harbers, a member of a business ...
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ONGC Videsh bags two blocks in Brazil
New Delhi, Nov. 28 ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, has bagged two blocks in Brazil. The company has bagged a deepwater Block 470 in Espirito Santo basin and a shallow water Block 1413 in Santos basin, ...
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Satyam chief favours body for investment overseas
To balance inflow and outflow of funds
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Sical gets FIPB nod for investment in arm
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ALLIANCES & JOINT VENTURES
Carrefour, Parsvnath mum on joint venture buzz
New Delhi, Nov. 28 Barely a week after Carrefour announced its plans to tie up with an Indian partner for a hypermarket foray, the markets on Wednesday were abuzz with speculation that real estate firm Parsvnath Developers is in talks with the ...
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RIGHTS ISSUE
Whyte & Mackay buy: UB to repay debt by March
Plans rights issue of Rs 425 cr thru UB Holdings
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OUTLOOK
Universal sets revenue target of Rs 550 cr in 3 years
Pune, Nov 28 The Pune-based Universal Construction Equipment and Machinery Pvt Ltd, an equipment and machinery maker, has set revenue target of Rs 550 crore in the next three years. Talking to presspersons, Mr. Ranjeet R Moray, Managing ...
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Jagdish launches Orbett biz hotels
Pune, Nov 28 The Pune-based Jagdish Group of Hotels Pvt Ltd is investing Rs 100 crore over the next five years in setting up a chain of 4-star business hotels in tier two cities, and unveiled the first property under the Orbett Hotels brand ...
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Maruti, Suzuki hope to score with new concept car
Global launch of Concept A-Star at Auto Expo 2008 planned
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SITA to run Bangalore Intl Airport’s baggage system
Deal struck for 5 years; BIAL to make monthly payments
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Ashok Leyland begins sale of pre-owned trucks in TN
Reconditions the vehicles for sale with 6 months warranty
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UFO Moviez plans to offer 3-D films
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Uranium demand-supply mismatch to ease soon
Uranium Corp set to start production soon
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PEOPLE
GMR airport COO quits
Hyderabad, Nov. 28 The Chief Operating Officer (COO) of the GMR Hyderabad International Airport Ltd (GHIAL), which is developing the Rs 2,478-crore Greenfield airport at Shamshabad, Mr T Srinagesh has quit. The resignation comes at a time ...
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TRENDS
Reliance Comm, Tata Steel borrow $1.37 b overseas in Sept
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