CORPORATE
ANNOUNCEMENTS
Tata Motors check-up campaign
Tata Motors is organising a free summer check-up campaign for its passenger cars and utility vehicles in various metros across India. The campaign will be held in Mumbai from March 31 to May 10 at all Tata Motors dealerships and select authorised ...
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Parsvnath's pharma SEZ
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BUYBACK
ONGC to buy back Cairn’s 30% stake in Cambay block
New Delhi, April 8 ONGC is set to buyback Cairn India’s stake in the Cambay Basin block. Cairn holds 30 per cent stake in the block CB-ONN-2001/1 with remaining 70 per cent held by the public sector exploration company, ONGC.A ...
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Nod for JB Chem buyback plan
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CORPORATE DISPUTES
Tata Comm drops 11.4% as it loses case against FLAG
Mumbai, April 8 The shares of Tata Communications (earlier VSNL) dropped 11.43 per cent on Tuesday on the Bombay Stock Exchange (BSE), on news that the company had lost its appeal against FLAG at the District Court of Hague, over allowing the ...
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OVERSEAS BORROWINGS
UTV among 20 FDI proposals cleared
New Delhi, April 8 The Government on Tuesday cleared 20 foreign direct investment proposals worth Rs 1,962.05 crore, including Rs 924-crore proposal of UTV Software Communications Ltd. The proposals, approved by the Finance Minister, Mr ...
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NEW BUSINESS
Larsen & Toubro bags four orders worth Rs 1,687 cr
Mumbai, April 8 Larsen & Toubro Ltd has bagged four orders totalling Rs 1,687 crore for commissioning of a water supply project, sinter plant, cold roll mill and coal handling plant. The orders were from the Rajasthan Government, ...
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C&C Const bags Rs 574-cr contract
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INSIGHT
Profiting from business intelligence
Yes, there is profit to be derived from business intelligence. This is borne out by a survey of the working of business intelligence (BI) systems in organisations undertaken by the BusinessWeek Research Services (BWRS) in the latter ...
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COURTS/LEGAL ISSUES
Fx derivatives: Sundaram Brake, Rajshree Sugars await ruling
Nearly a dozen cos move court; banks say contracts are legal
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Rajshree plaint: Salient features
The deal was entered when the US $-Swiss Franc (CHF) was 1.2355 (spot rate). The terms were that if the rate of USD/CHF moves 30 pips (defined as the smallest price increment in forex trading) up or down to touch 1.2385 or 1.2325, the company ...
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Axis Bank’s counter
In its counter to the plaint filed by Rajshree Sugars & Chemicals Ltd, Axis Bank has said:Suit is not maintainable before the Madras High Court as the jurisdiction for any disputes as per the agreement is Mumbai.The ...
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MANAGEMENT
SEBI modifies Clause 49 of listing agreement
Mumbai, April 8 SEBI on Wednesday made some modifications to the Clause 49 of the Listing Agreement. SEBI has stated that at least half of the board of directors of a listed company should consist of independent directors if the non-executive ...
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MERGERS & ACQUISITIONS
Enough support to thwart take-over moves: Orchid
Solrex raises stake to 11%; Apollo Hospitals Group may join fray
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Ucal Fuel buys out Mikuni’s 26% stake
Chennai, April 8 Mikuni Corporation, the Japanese collaborator of Ucal Fuel systems Ltd since 1987, is now out of the company. Carburettors Ltd, the Indian promoter of Ucal Fuel, has bought over Mikuni’s 26 per cent stake in Ucal at a ...
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Nitin Fire formally acquires 40% in Dubai co New Age
Nitin Fire Protection Industries Ltd (NFPIL) on Tuesday formally acquired 40 per cent stake in a Dubai based fire protection company New Age Company LLC. Mr Rahul Shah, Director of NFPIL, told Business Line that though the ...
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Flawless promoters to hike stake
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NEW PROJECTS
Dolphin Offshore gets LI for Gujarat shipyard project
Also gets no-objection certificate from Gujarat Govt
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Hero Honda in-house team to study capacity cuts
Considering realty, floats Arrow for infrastructure business
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ALLIANCES & JOINT VENTURES
Avesthagen launches ‘green’ plastic
In tie-up with French company Limagrain
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Suven unit in clinical trials pact
Asian Clinical Trials, the clinical research division of Suven Life Sciences Ltd, has entered into a strategic alliance with VPSCRO, a Beijing-based Contract Research Organisation to conduct clinical trial services in India and China. ...
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PERFORMANCE
RSP posts record output
Kolkata, April 8 Rourkela Steel Plant ended the fiscal year 2007-08 with an all-time best production of hot metal, crude steel and saleable steel. In 2007-08, the unit of SAIL produced 2.229 million tonnes of hot metal, 2.093 mt of ...
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Bolero crosses 50,000
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