CORPORATE
PREFERENTIAL ALLOTMENTS
Akruti City to issue shares
Akruti City Ltd has said that the members at the extra ordinary general meeting (EGM) of the company held on February 16 passed a special resolution to issue up to 1,07,02,777 new equity shares of the face value of Rs 10 each of the company for ...
More
NEW BUSINESS
IVRCL wins orders worth Rs 518 cr
More
Welspun Gujarat bags Europe order
Welspun Gujarat Stahl Rohren Ltd has bagged a Rs 120-crore order for the supply of ERW line pipes in southern Europe. The new order takes Welspun’s order book position to above Rs 4,659 crore. Mr B.K. Goenka, Vice-Chairman and Managing ...
More
ESOPS
Lupin share allotment
Lupin Ltd has said that the allotment committee of directors at its meeting held on February 20 has allotted 9,474 fully paid up equity shares of Rs 10 each. These shares have been allotted upon exercising of options granted to the employees ...
More
TAXATION
WHAT THE READERS WANT
Give sops to workers’ remittances
The country’s burgeoning foreign exchange reserve derives its strength from the flow of workers’ remittances from abroad, which, according the World Bank’s data, was $27 billion in 2007. Net receipt from trade in goods ...
More
MERGERS & ACQUISITIONS
Sun Pharma buys 9.4% additional stake in Taro
Mumbai, Feb. 20 Even as Sun Pharmaceutical’s $454-million proposal to acquire Israeli-company Taro awaits closure, the Mumbai-based drug maker seems to have inched a little closer to sealing the deal. Sun Pharma has purchased the ...
More
Mahalaxmi merges group co with self
Ahmedabad, Feb. 20 The Ahmedabad-based Mahalaxmi Rubtech Ltd (MRT),manufacturer-exporter of textile printing blankets and specialty rubber products, listed on BSE, today announced the merger of a group flagship company, Mahalaxmi Fabric Mills ...
More
Vardhman jt venture pact
Vardhman Textiles Ltd has said that the company is holding 40.70 per cent equity shares of Vardhman Acrylics Ltd (VAL) and has further acquired 10.78 per cent and 3.04 per cent equity shares of VAL from its foreign collaborators, namely, Marubeni ...
More
NEW PROJECTS
TNPL to complete pulp mill expansion by March-end
Chennai, Feb. 20 Tamil Nadu Newsprint and Papers Ltd (TNPL) is set to complete its Rs 565-crore pulp mill expansion by March-end, which paves the way for starting work on expanding the paper mill production capacity at a cost of Rs 725 ...
More
OVERSEAS INVESTMENTS
M&M launches Pik-Up range in Peru
Mahindra & Mahindra Ltd said on Wednesday that it had launched its Scorpio sport utility and its Pik-Up range in Peru, further extending its presence in Latin America. The launch was in partnership with Maquinaria Nacional S.A., an arm of the ...
More
REGULATORY BODIES & RULINGS
Orchid drug gets USFDA nod
Orchid Chemicals & Pharmaceuticals Ltd said on Wednesday that it received the US Food and Drug Administrations (USFDA) marketing approval for its cefuroxime axetil tablets in multiple strengths. The drug belongs to a class of antibiotics ...
More
ALLIANCES & JOINT VENTURES
Parsvnath jt venture with Royal Orchid Hotels
New Delhi, Feb 20 In line with its foray into the hospitality sector, real estate company Parsvnath Developers Ltd on Wednesday announced a joint venture between its subsidiary Parsvnath Hotels Ltd (PHL) and Royal Orchid Hotels Ltd (ROHL) to ...
More
Maruti Suzuki, Mundra Port ink pact for mega car terminal
Rs 100-cr initial investment; port plans cost-effective RORO terminal
More
DIVERSIFICATION
Elecon may enter shipping, ports biz
Plans Rs 40-cr resort in Gujarat
More
OUTLOOK
Seaways to expand into offshore oil and gas biz
Hyderabad, Feb. 20 Hyderabad-based Seaways Shipping is firming up plans to exploit the growing opportunities in the offshore oil and gas business.The Rs 460-crore company is looking at a joint venture with a foreign firm. Talks ...
More
‘Tata Motors rollout at Singur by Oct’
Commercial production at Tata Motors’ small car factory at Singur is expected to begin in October this year, according to Mr Ravi Kant, Managing Director of Tata Motors Ltd. Speaking to newspersons after reviewing construction work at the ...
More
M M Forgings bets on new products
Chennai, Feb. 20 Chennai-based M M Forgings Ltd believes growth will come from its development of new forging products for its customers; products that will supplement the existing range.The company expects to end the current year with ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds