CORPORATE
DIVIDEND ANNOUNCEMENT
SBI, ICICI Bank, HDFC to gain from DDT change
Set-off of tax paid by arm on dividend to parents
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NEW BUSINESS
NCCL orders
Hyderabad: Nagarjuna Construction Company Ltd (NCCL) has secured three new orders aggregating Rs 424 crore. The first order, valued at Rs 266 crore, was secured from the Commissioner, Indore Municipal Corporation, for ...
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AWARDS & HONOURS
IICT official chosen for AP award
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HUMAN RESOURCES
Auto sector slowdown puts brakes on Bosch’s profit, sales in 2007
Other income up; has plans to double headcount to 1,000
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MERGERS & ACQUISITIONS
M&As: A year of adventure for India Inc abroad
A growing economy, robust financial performance and an exceptionally buoyant stock market have all supported a remarkable expansion of M&A activity, and there seems little to upset this trend in the immediate future. Overseas M&As by Indian c ompanies have exceeded the investment by foreign companies into India.
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NEW PROJECTS
Maruti ramps up capacity at Manesar
Pune, March 6 Maruti Suzuki India Ltd has just completed a programme to ramp up capacity at its fourth and newest plant at Manesar. By the end of March, the company will be able to roll out 1.7 lakh units per annum from this facility, up 70 ...
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Adhunik Metaliks to invest Rs 422 cr
Kolkata, March 6 Adhunik Metaliks Ltd on Thursday unveiled details of the third phase of investment at its integrated steel plant located at Kuarmunda near Rourkela in Orissa. Nearly Rs 422 crore will be invested in various ...
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OVERSEAS INVESTMENTS
Advanta acquires US co
Bangalore, March 6 Advanta India Ltd on Tuesday announced that it has acquired Garrison & Townsend (GT), a US company producing and marketing sorghum. The acquisition made through its subsidiaries, cost Advanta $10.5 million for the 100 ...
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Tata Coffee mulls acquiring brand in Russia
Aims at being a leading and fully integrated player in the global arena
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INTERVIEW
Peeling the layers of DDT relief
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DIVERSIFICATION
Goldstone Infra into realty
Hyderabad, March 6 The board of directors of Goldstone Infratech Ltd, has approved a proposal to set up a 5-MW and a 40-MW plant to manufacture solar photo voltaic module unit. A meeting held here also approved of its foray into real ...
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OUTLOOK
RIL concerned about Oil Ministry’s draft guidelines
Will slow down decision-making, reduce flexibility
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KE-Burgmann to launch metal, rubber expansion joints
Chennai, March 6 The Chennai-based KE-Burgmann Flexibles India Private Ltd (KBFIL), the wholly owned subsidiary of KE-Burgmann A/S of Denmark, will soon be introducing metal and rubber expansion joints targeting power plants, petrochemical and ...
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BAI, Apollo in parleys for hospitals chain
Hyderabad, March 6 British American Investment Company, the Mauritius-based company with diversified interests, is in talks with the Indian healthcare giant Apollo Group of Hospitals for setting up 40 hospitals across the ...
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PERFORMANCE
Ashok Leyland sales dip
Chennai, March 6 Ashok Leyland’s domestic sales continue to dip even during February 2008 as the company witnessed a drop of 8 per cent. The total domestic sales for the company were 6,824 units during February 2008 against 7,353 units ...
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