CORPORATE
ANNOUNCEMENTS
UK nod for Nestor drugs
Nestor Pharmaceutical’s UK-based subsidiary Nestor UK Ltd has obtained the permission from the Medicines and Healthcare products Regulatory Agency (MHRA) of the UK to market its products in the country. This would be the company’s ...
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PREFERENTIAL ALLOTMENTS
Glittek to hike share capital
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CORPORATE DISPUTES
Govt seeks to be ‘intervener’ in KG gas suit
Mumbai, April 11 The Union Government, through the Petroleum Ministry, has sought to be a party in the ongoing court case between Mr Mukesh Ambani-led Reliance Industries Ltd and Reliance Natural Resources Ltd (RNRL) of the Anil Ambani group ...
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OVERSEAS BORROWINGS
Assam Company to raise $250-300 m
Kolkata, April 11 Assam Company is planning to raise $250-300 million (Rs 1,000-1,200 crore) through a mix of debt and equity instruments by end-2008. The company is also considering a listing at the AIM (Alternative Investment Market) segment ...
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NEW BUSINESS
Lanco pips Reliance Power, Jindal for two UP projects
Hyderabad, April 11 Lanco Infratech Ltd has won the mandate for two super critical power projects in a competitive bid for development of 3,300 MW in Uttar Pradesh.Lanco outbid with a quote of Rs 2.88 per unit with Reliance Power (part ...
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ESOPS
Ambuja Cements ESOS allotment
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MERGERS & ACQUISITIONS
Orchid silent on Ranbaxy interest, but scrip active
Mumbai, April 11 Despite the silence from Orchid Chemicals and Pharmaceuticals on the interest shown in it by Ranbaxy Laboratories, the buzz remained around the Chennai-based drug company. Orchid scrip closed on Friday, up over eight ...
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NEW PROJECTS
Fresh equity infusion to be divided between partners
Bangalore, April 11 With fresh investments being made in the new Toyota small car project, the Kirloskar Group, the joint venture partner of Toyota Kirloskar Motor, may have to contribute its share of the funds.While a senior official ...
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Toyota Kirloskar to build 2nd plant near Bangalore
To invest Rs 1,400 cr; operations to start from 2010
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RPL jumps on talk of early commissioning of plant
The stock of Reliance Petroleum has been on an uptick in the last few days. On Friday, it went up by 3.82 per cent, which meant that the stock had appreciated by nearly 9 per cent in the last one week. Trading volumes also spurted in the counter ...
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OVERSEAS INVESTMENTS
JK Tyre adds a low-cost sourcing base
Latin American market access will boost exports to US
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JK Tyre acquires Mexican firm Tornel for Rs 270 cr
Part of strategy to cater to North and South American market
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ALLIANCES & JOINT VENTURES
Raheja Corp in pact with US firm ProLogis
For warehousing, logistic infrastructure development
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Kshitij CapitaLand is FCH arm
Future Capital Holdings Ltd said Kshitij CapitaLand Mall Management Pvt Ltd (KCMMPL) is a 50:50 Joint Venture between Future Capital Holdings Ltd (FCH) and CapitaLand Retail India Pte Ltd (CapitaLand) with each party holding 50 per cent of ...
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INTERVIEW
‘Cost’ shifts in FCCB taxation to worry FIIs
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VENTURE CAPITAL
TVS Logistics raises Rs 100-cr PE investment from Goldman Sachs’
IPO anytime after 18 months from now, says TVSL Chairman
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OUTLOOK
Glochem into formulations, looking for PE funds
Hyderabad, April 11 Glochem Industries Ltd has firmed up plans to establish a formulations division with investments of up to Rs 25 crore. It is all set to launch a new salt of Clopidogrel, a blood dilutant, in Europe during 2008.Next ...
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PERFORMANCE
ECIL turnover at Rs 1,014 crore
Hyderabad, April 11 Electronics Corporation of India Ltd (ECIL) has announced that it has achieved a turnover of Rs 1,014 crore for the financial year ended March 2008. The company’s profit before tax for the year under review was at Rs ...
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