CORPORATE
ANNOUNCEMENTS
RIL gas find in Mahanadi basin block
Reliance Industries Ltd announced on Tuesday that it had struck gas in the NEC-OSN 97/2 (NEC-25) block located in the NEC-Mahanadi offshore basin, off the Orissa coast in Bay of Bengal. This shallow water block covers an area of 10,755 ...
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Pfizer’s smoking cessation drug rolled out
Mumbai, Feb. 26 Smokers looking to quit the habit now have one more option to try - Champix, Pfizer Ltd’s non-nicotine smoking cessation prescription drug that has just been launched in India.Priced at Rs 9,500 for a 12-week ...
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BUYBACK
Reliance Energy to decide buyback on March 5
Reliance Energy Ltd said on Tuesday that the company’s board would consider buyback of shares at a meeting to be held on March 5.A company official said that the company was having cash reserves of over Rs 10,000 crore and the ...
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OVERSEAS BORROWINGS
Sujana Towers to raise $75 m
The board of directors of Sujana Towers Ltd has approved issue of foreign currency convertible bonds, Global Depository Receipts and/or American Depository Receipts for aggregate sum of $75 million, subject to the approval of the members of the ...
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NEW BUSINESS
BHEL bags Rs 1,075-cr contract
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Era Infra bags Rs 78-cr project
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AWARDS & HONOURS
Ambuja Cement wins award
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`Discovery' bags national award
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COURTS/LEGAL ISSUES
Patent dispute: TVS Motor goes on appeal
Company plans to sell Flame with single spark plug
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TAXATION
Levy corporation tax on companies
Encourage debt-free companies and levy corporation tax @ 25% where interest paid or payable is zero without netting and discourage companies which don’t use their funds including borrowed for their own business and hence levy corporation ...
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HUMAN RESOURCES
‘New entrants should focus on acquiring skills’
Chennai, Feb. 26 Acquiring skills should be the prime concern of a beginner; it should take precedence over concerns about the returns one gets from one’s employer.At the entry stage, acquiring skills is very critical, according ...
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RESTRUCTURING
Gayatri Projects to float arm
Hyderabad, Feb. 26 Gayatri Projects Ltd has decided to float a 100 per cent subsidiary to implement build operate transfer projects. The subsidiary called Gayatri Infraventures Ltd will get Rs 124.59 crore through equity/quasi-equity ...
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MERGERS & ACQUISITIONS
Bhuwalka Steel buys Benaka Sponge
Bangalore, Feb. 26 Bhuwalka Steel Industries Ltd has acquired Benaka Sponge Iron Pvt Ltd for Rs 9.9 crore in an all-cash transaction. Benaka will become a subsidiary of Bhuwalka Steel enabling the group to step into steel making through ...
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OVERSEAS INVESTMENTS
Insulator co Saravana in talks for buying facility in Europe
Sees exports reaching 40% in expanded turnover
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REGULATORY BODIES & RULINGS
CAG finds fault with working of TTP
Heavy losses suffered due to indiscriminate production
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ALLIANCES & JOINT VENTURES
Bharti joins undersea cable consortium
‘Unity’ to link US and Japan
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Ford-Tata deal: ‘Trade union demands addressed’
Mumbai, Feb. 26 A top official of UK’s trade union, Unite, said on Tuesday that Tata Motors has agreed not to shift production and component sourcing out of the UK after it acquires Jaguar and Land Rover. Responding to an e-mail ...
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Bhushan Steel in jt venture pacts
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LG Electronics signs MoU with ITIs
New Delhi, Feb 26 LG Electronics has signed a memorandum of understanding with Industrial Training Institute of India to provide better placements to the trainees from the institute besides tuning the training programme as per the industry ...
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INTERVIEW
TVS Motor — learning a key lesson
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OUTLOOK
Arch Pharma eyes Europe acquisition
Bilaspur(Haryana), Feb. 26 Contract bulk drug manufacturer Arch Pharmalabs is looking to acquire companies involved in production of active pharmaceutical ingredient (API) in Europe. API is a key active ingredient in the formation of ...
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Kernex sees potential for rail safety systems
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