CORPORATE
ANNOUNCEMENTS
Amara Raja Batteries shifts office
Amara Raja Batteries Ltd has shifted its corporate operations from Chennai to Hyderabad. In a notification to the BSE today it said that Corporate Operations Office would now be in Kondapur, Hitech City Hyderabad with effect from June 3, 2008. ...
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LG Electronics hikes prices of peripherals
New Delhi, June 3 Stung by rising input costs, LG Electronics India has announced a price hike ranging between 7 and 10 per cent across categories such as monitors and optical storage devices.“The targeted price increase is around 7 ...
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OVERSEAS BORROWINGS
Borrowing overseas is not attractive enough for cos
Domestic banks offer better pricing on slow credit offtake
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NEW BUSINESS
Nagarjuna Const bags 4 orders
Nagarjuna Construction Company Ltd has secured four new orders aggregating Rs 250 crore. The first two orders valued at Rs 88.60 crore and Rs 65.50 crore are from the Central Public Works Department, New Delhi, for civil works. The other two ...
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DERIVATIVES MARKETS
Oil refining firms get more leeway
Domestic purchases can be hedged
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RESTRUCTURING
Kirloskar Brothers restructures into nine business sectors
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MERGERS & ACQUISITIONS
GMR Industries to buy Karnataka sugar co
Earmarks Rs 450 cr for expansion; clocks Rs 14.41 cr net in Q4
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Emami may not have it easy on Zandu Pharma
Emami’s move to acquire Zandu Pharmaceutical Work through a buyout of one of the two promoter groups may not be smooth if one goes by what the other promoter group is saying.Sources close to the Parikh family, which now holds ...
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Punj Lloyd acquires 74% stake in UK firm
‘A strategic fit’ which will further strengthen existing biz range
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NEW PROJECTS
Govt weighs policy on urea to promote brownfield expansions
Units may be entitled to payment of 90% of import parity price
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OVERSEAS INVESTMENTS
Karuturi plans raising $250 m to fund land buy in Ethiopia
To start cultivation of paddy, sugarcane, palm, vegetables soon
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Essar Oil yet to hear from Kenya Govt on KPRL stake
Mumbai, June 3 Essar Oil said on Tuesday that the company is yet to hear from the Kenyan Government on the acquisition of the 50 per cent stake in Kenya Petroleum Refineries Ltd (KPRL).In an e-mail response to Business ...
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OUTLOOK
Moser Baer hopeful of cutting solar energy cost to Rs 4-6 a unit
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Essar Oil plans to invest $130 m this fiscal
Mumbai, June 3 Essar Oil is ramping up its oil exploration and production business, lining up a work programme in the current phase of existing blocks to the tune of $290 million. Out of this, the company plans to invest $130 million in ...
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PERFORMANCE
Two-wheeler sales: Road to revival?
Mixed trend in passenger car segment
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PEOPLE
Power Grid gets acting CMD
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