CORPORATE
ANNOUNCEMENTS
Brigade signs contract with IHG
Brigade Hospitality Services Pvt Ltd, a fully owned subsidiary of Brigade Enterprises, focusing on the development of residential, commercial and hospitality properties, has signed a management contract with InterContinental Hotels Group for a ...
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Infosys Q3 results on Jan 11
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PREFERENTIAL ALLOTMENTS
Manappuram’s pref share issue
The board of Manappuram General Finance and Leasing has decided to allott 46.8 lakh convertible preference shares of Rs 100 each aggregating Rs 46.8 crore to two Mauritius-based companies – Hudson Equity Holdings and Sequoia Capital. The ...
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OVERSEAS BORROWINGS
National Aviation board approves $469 m funding
Mumbai, Dec. 29 The board of directors of National Aviation Company of India Ltd (NACIL), the entity into which Air India and Indian have been amalgamated, approved the borrowing programme for three aircraft and two spare engines amounting to ...
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NEW BUSINESS
Arabian victories
Larsen & Toubro’s joint venture with the Oman-based Zubair Corp has secured the project of Muscat Golf Course valued at Rs 434 crore. It has also received two engineer-procure-construct contracts totalling Rs 315 crore in ...
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RESTRUCTURING
S Kumars demerges retail biz
Mumbai, Dec. 29 S Kumars Nationwide Ltd (SKNL) has demerged its retail business into Brandhouse Retails Ltd (BHRL), to unlock the value proposition for the investors and focus on the expansion of its retail arm, said Mr Jagdish Shetty, ...
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ALLIANCES & JOINT VENTURES
Panax may invest Rs 21 cr in geothermal projects
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Open to jt ventures in transmission: PowerGrid
Bifurcating technical, commercial operations will improve distribution: CMD
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Joint venture
Gail India has joined hands with OIL India for joint cooperation in various business areas. As part of the agreement, the two companies will jointly participate in the potential blocks, mainly onshore and offshore blocks in the forthcoming ...
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German modular kitchen firm setting up franchise in Coimbatore
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BUSINESS MODELS
Career Launcher setting up new B-school
New Delhi, Dec. 29 Career Launcher is fine-tuning its strategies to become a ‘start-to-finish’ education service provider. Armed with capital infusion and joint venture with like-minded partners, the company is consolidating its ...
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DIVERSIFICATION
Sintex investing Rs 150 cr for expanding business
To enter garmenting for tapping overseas customers by next year
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OUTLOOK
Autopartsasia to offer product design, simulation services
Chennai, Dec. 29 Chennai-based Autopartsasia Pvt Ltd, which provides sourcing services for global companies that wish to buy auto components, intends to provide product design, simulation and mould design services. This will not only ...
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