CORPORATE
ACCIDENTS
Power failure caused gas leak at Chemplast unit
A power failure caused a ‘minor’ leakage of chorine inside the caustic soda plant of Chemplast Sanmar Ltd in Mettur, Tamil Nadu, according to a company press release.The leakage was minimal and was not harmful, and no ...
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ANNOUNCEMENTS
MRPL conducts emergency response exercise
Mangalore, Dec. 7 An onsite emergency response exercise was conducted at the isomerisation unit of Mangalore Refinery and Petrochemicals Ltd (MRPL) here on Friday. The intention of organising this exercise was to see the preparedness of ...
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Reliance Gas, GAIL sign pact for gas transportation
Provides for booking of capacity in KG Basin
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PRIVATE PLACEMENT
United Breweries QIP issue priced at Rs 1,110/share
Bangalore, Dec. 7 United Breweries (Holdings) Ltd (UBHL), the holding company of the $10-billion Vijay Mallya Group, has priced its issue of equity shares under the Qualified Institutional Placement (QIP) route at Rs 1,110 per share. The ...
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NEW BUSINESS
Parsvnath gets Rs 47-cr contract
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ACCOUNTANCY
‘CAs should prefer consolidation’
Hyderabad, Dec. 7 The Chartered Accountants (CAs) should team up with fellow accountants and other financial services experts to provide end-to-end accountancy solutions, according to Mr Sunil Talati, President of Institute of Chartered ...
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MERGERS & ACQUISITIONS
Rain Calcining merger record date
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NEW PROJECTS
DLF to build multi-level car parks
DLF would develop and operate two multilevel car parking complexes for New Delhi Municipal Council (NDMC) in the city. The car parks, to be built at Baba Kharag Singh Marg and Sarojini Nagar here, would have retail/commercial space on the ...
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Sesa Goa plans Rs 1,000-cr investment
To ramp up pig iron capacity
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DIVERSIFICATION
Alok Ind gets nod for textile SEZ
Mumbai, Dec. 7 Alok Industries Ltd has been granted approval for 183-acre textile SEZ at Surgani in Silvassa.Alok Infrastructure Pvt Ltd, a wholly owned subsidiary of the company, will develop, operate and maintain the SEZ.The ...
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RIGHTS ISSUE
UB Engg board meeting on rights
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Century Extrusions rights issue
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OUTLOOK
Wockhardt to consolidate global operations; push to healthcare biz
The forthcoming year is packed with activity for Wockhardt, in both its pharmaceutical and healthcare businesses. With three acquisitions undertaken in little over a year across Europe and the US, Wockhardt Ltd is in the process of ...
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Lockheed hopes to clinch IAF deal
Kolkata, Dec 7 Lockheed Martin Corporation is hopeful of entering the Indian market with the sale of C130J Hercules cargo aircraft to the Indian Air Force. The deal, which is expected to be signed between India and the US by the end of the ...
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GVK Power to consider stock split
Hyderabad, Dec. 7 GVK Power & Infrastructure Ltd (GVK PIL) has proposed to split the face value of its equity shares from Rs 10 per share to Re 1 per share. The shares of the company are listed on the National Stock Exchange (NSE) ...
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Volkswagen to announce India plans at auto expo
New Delhi, Dec. 7 European car maker Volkswagen said that it would make its maiden entry during the auto expo by showcasing its premium sedan Passat and its sports utility vehicle Touareg. Showcase new ...
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Kebab house at Hyderabad
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PERFORMANCE
Mixed fortunes for PSUs privatised in 2000
Only 3 of the nine have shown significant improvement
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