CORPORATE
ANNOUNCEMENTS
India Cements buys ship
Chennai, Jan. 29 India Cements Ltd has purchased the first of the two ships it has planned to buy for captive coal transportation.According to information provided by the company to the stock exchange, India Cements Ltd has acquired a ...
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Xenitis launches sub-Rs 20,000 bike
New Delhi, Jan. 31 Kolkata-based Xenitis Group on Thursday announced the national roll-out of its sub-Rs 20,000 bike. “We had set the standard in personal computers when we launched the first sub-Rs 10,000 product, we did the same ...
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BUYBACK
HUL closes buyback of shares
Mumbai, Jan. 31 Hindustan Unilever Ltd announced the closure of their buyback scheme on January 31, at the bourses.The company had set aside Rs 630 crore to buy back up to 25 per cent of its stake at a price not exceeding Rs 230 per ...
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NEW BUSINESS
Aurobindo bags Rs 70 cr order from NACO
Aurobindo Pharma Ltd has bagged Rs 70 crore worth contract from National Aids Control Organisation (NACO) for the supply of anti-retro virals (ARVs). As per the contract, the Hyderabad-based company would supply three products which are WHO / ...
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MERGERS & ACQUISITIONS
Tatas acquire General Chemical of US for $1 b
Set to become second largest soda ash maker globally
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Tata Chemicals acquisition timed well
To result in better profit margins
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Deccan Aviation, Kingfisher Air merger ratio fixed at 3:7
Bangalore, Jan. 31 The board of directors of Kingfisher Airlines Ltd and Deccan Aviation Ltd has decided to allot shareholders of Kingfisher Airlines three shares in Deccan Aviation for every seven shares held in Kingfisher.The share ...
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NEW PROJECTS
Puravankara plans to invest Rs 1,000 cr
Bangalore, Jan.31 Puravankara Projects, a leading real estate company of Bangalore, plans to start work on four to five hotels in the next one year with an investment of Rs 1,000 crore. On completion of the projects, the company will be ...
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OVERSEAS INVESTMENTS
Manaksia to set up steel facility in Georgia
Kolkata, Jan.31 City-based Manaksia Ltd, a secondary producer of value-added aluminium-rolled products, has decided to set up new steel long products facility in Georgia, CIS, at a total investment of $35 million. The production capacity of ...
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ALLIANCES & JOINT VENTURES
InterVein Labs, D2L Pharma sign MoU
The city-based InterVein Laboratories and the Bangalore-based D2L Pharma Research Solutions have signed a memorandum of understanding for providing one-stop solution to the global clinical research industry.InterVein, which commenced ...
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SOCIETY & DEVELOPMENT
MRPL scholarship for students
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DIVERSIFICATION
Williamson Magor to target Tier II, III cities for land buy
Kolkata, Jan. 31 Williamson Magor Group proposes to enter into real estate development in a big way, most probably through a new company to be constituted within the next six months.Giving this information here on Thursday, Mr Deepak ...
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RIGHTS ISSUE
GMR to raise Rs 250 cr thru rights issue
Hyderabad, Jan. 31 The board of GMR Industries Ltd has approved plans to raise Rs 250 crore through a rights issue, at its meeting held here on Wednesday.expansion plans Part of the proceeds would be ...
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OUTLOOK
ONGC may give up 2 CBM blocks in western region
Kolkata, Jan 31 ONGC may relinquish two coal bed methane blocks at Wardha (WD-CBM-2003/II) and Satpura (ST-CBM-2003/II) in Maharashtra and Madhya Pradesh respectively, according to sources. Both were awarded in CBM-II and are fully held ...
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Daimler targets to sell 3,000 Merc Benz this year
Chennai, Jan 31 Luxury car manufacturer DaimlerChrysler India, which launched its new Mercedes-Benz C-Class cars at the Auto Expo in Delhi earlier this month, has said that this entry-level luxury sedan has sold over 211 units during the three ...
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PERFORMANCE
Mundra Port handles 20.3 mt cargo in 9 mths; net at Rs 122 cr
Ahmedabad, Jan 31 The Mundra port and SEZ Ltd (MPSEZ) handled 20.3 million tonnes of cargo in the nine months of fiscal 2007-08 as against 19.8 mt in the entire fiscal 2006-07.Thus cargo handled in the nine months has exceeded the cargo ...
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