CORPORATE
ANNOUNCEMENTS
Eurocopter hopeful of supplying choppers to Army
The European helicopter manufacturer, Eurocopter, is still hopeful that the contract for supplying 197 helicopters to the Indian Army would be completed during the forthcoming visit of the French President, Mr Nicolas Sarkozy, to India early ...
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Tata Tea, Arsenal tie up
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PREFERENTIAL ALLOTMENTS
Networth Stock pref issue
The Mumbai based Networth Stock Broking Ltd said on Monday that several strategic investors have picked up stake worth Rs 49.79 crore through preferential issue of equity shares and convertible warrants. The strategic investors are DSP HMK ...
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OVERSEAS BORROWINGS
Suven Life to raise $30 m
Suven Life Sciences Ltd will be raising $30 million to meet its research and development expenses and for a dedicated drug discovery centre. “We have got the necessary approval to raise about $30 million at the AGM held on September ...
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AWARDS & HONOURS
Most admired
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ITC Ltd bags seven awards
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`Certificate of Merit' for MRPL
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INSIGHT
The duties of company directors
Inaugurating the third Corporate Governance Summit of the CII at Mumbai on December 12, the Chairman of the SEBI, Mr M. Damodaran, made some pertinent observations on the role of the directors on boards of companies. They sprang from the basic ...
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Salary increase has least impact on board effectiveness: Survey
Non-executive directors pay up more than 50% in the last 2 years
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HUMAN RESOURCES
Pfizer short of clinical research staff
Bangalore, Dec. 18 Drug maker Pfizer feels the pinch of quality clinical research professionals for key therapies in the country as it is set to expand the number of trials done here.There is an explosion of pipeline drugs – new ...
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MERGERS & ACQUISITIONS
Société Generale, Ambit join hands for M&A deals
Mumbai, Dec. 18 Société Générale Corporate & Investment Banking and Ambit, an independent Indian Investment Bank, signed a co-operation agreement to offer advisory services to their respective European and Indian ...
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NEW PROJECTS
Singur on fast track
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Continental to make customised products for SMEs
Invests Rs 100 cr for automotive electronics plant
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Varsana Ispat plans Rs 300-cr expansion
Ahmedabad, Dec.18 Varsana Ispat Ltd, the Kutch-based integrated tower and steel manufacturing company, is set to invest Rs 300 crore to expand its transmission tower manufacturing capacity from the existing 14,000 tonnes per annum(TPA) to ...
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Dwarikesh Sugar gets volume boost
Will enable it to better utilisation of by-products
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OVERSEAS INVESTMENTS
Royal Orchid to go international
Mumbai, Dec. 18 Royal Orchid Hotels, a Bangalore based hotel group, would be making a foray in the international market with its plans to develop a 150-room beach resort over a 30-acre property in Dar-es-Salaam, Tanzania. The Chairman ...
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Geojit begins operations in Saudi
Kochi Dec. 18 Aloula Geojit Brokerage Company has commenced operations in Saudi Arabia after obtaining final clearance to start stock broking operations there. The operations will be scaled-up and they will become full-fledged from April ...
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ALLIANCES & JOINT VENTURES
Fox News to provide content for Star’s mobile service
Will give subscribers access to news, corporate happenings in US
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Cognizant inks deal with Merck
Cognizant Technology Solutions, a US-based provider of IT and Business Process Outsourcing (BPO) services, has announced a multi-year, multi-million dollar engagement with Merck & Co for an undisclosed value. Cognizant, which has majority of ...
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Coal India ties up with NBCC
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VENTURE CAPITAL
JBF Ind arm gets $125-m funding
JBF Industries Ltd has informed the BSE that the company has concluded financial agreement with CVCIGP II client Rosehill Ltd, Mauritius and their affiliates (which are within the structure of Citigroup Venture Capital International Growth Funds, ...
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DIVERSIFICATION
PowerGrid plans foray into entertainment business
In talks with Zee for tie-up; may infuse Rs 2,000 cr for expanding fibre optic network
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Reliance foray into fertiliser sector may take longer
Proposal awaits new fertiliser investment policy
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STANDARDS & BENCHMARKS
Regulations for hybrid cars likely by next year
Regulations for homologation of hybrid cars in the country are likely to be put in place in the next one year. A committee, consisting of members from Ministry of Surface Transport, Ministry of Heavy Industries and top officials from companies ...
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OUTLOOK
‘High-speed coaches from BEML next year’
Bangalore, Dec. 18 Public sector BEML Ltd expects to start producing medium-speed rail coaches that can ‘fly’ at 200 km per hour from 2008-09.The medium-speed project will come up as a joint venture with a global major, ...
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Trane sees scope for energy-efficient systems
Coimbatore, Dec. 18 Trane Inc, formerly known as American Standard Companies, is strengthening its brand image in the air-conditioning services and solutions space.The company provides energy efficient heating, ventilation and ...
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Skoda car prices may go up by Rs 20,000
Mumbai, Dec. 18 SkodaIndia, a subsidiary of SkodaAuto of Czech Republic (Volkswagen Group), has decided to revise the price due to the rising input costs. A hike of up to Rs 20, 000 is expected on all models. The new pricing for Skoda cars ...
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PERFORMANCE
Corporate tax revenues up 42.37% in Apr-Dec 15
Signals robust profit growth for India Inc
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