CORPORATE
ANNOUNCEMENTS
Bosch Chassis to make parts for Tata’s Nano
Bosch Chassis Systems said it will offer anti-locking braking system and electronic stability programme for the Indian market by 2009. The press statement from the company said that it is setting up a new facility at Singur near Kolkata ...
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DIVIDEND ANNOUNCEMENT
Puravankara net surges 86%; dividend at 40%
Bangalore, April 30 Reporting an increase of 86 per cent in its consolidated net profit at Rs 240.05 crore for year ended March 31, 2008, Puravankara Projects has recommended a maiden dividend of Rs 2 per share of Rs 5 (40 per cent) to its ...
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NEW BUSINESS
Rajesh Exports bags Rs 534-cr Kuwait order
Bangalore, April 30 Jewellery manufacturer Rajesh Exports has bagged an export order worth Rs 534 crore from Lazorde Jewellery, Kuwait. The order is to be completed by June 30. It expects the execution of the order to “significantly add ...
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NEW PROJECTS
Gujarat Refinery to complete mega project by March 2010
Vadodara, April 30 Gujarat Refinery is planning to complete a mega project to upgrade quality of petrol and diesel equivalent to Euro-III and IV grade by March 2010. On January 29, 2007, the Indian Oil Corporation board had approved the ...
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Wienerberger launches plant in Karnataka
Bangalore, April 30 Wienerberger Brick Industry Pvt Ltd, a subsidiary of Vienna-based Wienerberger, has set up a manufacturing plant in Kunigal, near Bangalore. The plant, expected to be operational by end of 2008, will have an output of 1 ...
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OVERSEAS INVESTMENTS
Sistema to tap real estate, hospitality sectors
To invest Rs 800 cr in office & commercial projects
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Dr Reddy’s buys BASF’s biz
Hyderabad, April 30 Dr Reddy’s Laboratories Ltd signed a definitive agreement to acquire US-based chemical company BASF’s pharmaceutical contract manufacturing business and related facility in Shreveport, Louisiana.The ...
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ALLIANCES & JOINT VENTURES
Chandamama to distribute foreign comic series
Pact with US-based Teshkeel Comics
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BHEL, NTPC ink deal for setting up joint venture co
New entity will undertake equipment manufacturing
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Berger Paints, Becker Acroma in technical tie up
Mumbai, April 30 The Kolkata-based paint manufacturer Berger Paints Ltd has tied up with Italian Becker Acroma Spa to launch water-based and polyurethane wood-finish products for the Indian market. These two products will be followed by ...
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DIVERSIFICATION
Reliance Comm forays into IT space
Mumbai, April 30 Now it is official. Reliance Communications, the flagship company of the Anil Dhirubhai Ambani Group, is broadening its business canvas by foraying into the IT sector.Ending months of speculations, Mr Anil Ambani, the ...
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OUTLOOK
Aventis Pharma brings new insulin pen
Mumbai, April 30 Aventis Pharma Ltd (APL), part of the Sanofi-Aventis Group, is set for more action in the local market, including acquisitions, partnerships and development of pharma compounds, said Dr Shailesh Ayyangar, APL’s Managing ...
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Asia Motor Works to launch GPS-fitted trucks in 3 months
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BILT may hike coated paper price by Rs 2,000/tonne
Q3 net up 14.8%, revenue rises to Rs 735 cr
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