CORPORATE
MODERNISATION
Andhra Petro project achieves financial closure
Hyderabad, June 17 Andhra Petrochemicals Ltd has achieved financial closure for its Rs 320-crore optimisation-cum-modernisation of its existing oxo-alcohols facility at Visakhapatnam.Of the Rs 320 crore, the company availed ...
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COURTS/LEGAL ISSUES
HC dismisses Modern Food’s writ petition on trademark issue
Chennai, June 17 In a case pertaining to the use of trademark ‘PRIYA’ for pickles and food products, two firms in Hyderabad and Vadodara have moved the Madras High Court, which has ruled that as and when the application was filed ...
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CONSULTING
DVC board okays KPMG proposal on tapping capital market
Hopes to approach Centre with IPO plan in 3 months
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MERGERS & ACQUISITIONS
Voltas buys stake in Fedders venture
Voltas Ltd on Tuesday announced acquisition of 50 per cent stake in Universal Comfort Products Ltd, a 50:50 joint venture between Voltas and Fedders International Air-conditioning Ltd. Voltas, upon getting the required approvals, will be picking ...
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NEW PROJECTS
Piaggio plans 2-wheeler petrol engine plant
New Delhi, June 17 Piaggio India plans to set up a petrol engine production facility for two-wheelers at its existing facility in Baramati, signalling that the company is inching closer to make its re-entry in the domestic motorcycles and ...
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Chettinad Cement plans new plant in Karnataka; rights issue deferred
Chennai, June 17 Chettinad Cement Corporation Ltd plans to set up a 2.5-million-tonnes a year cement plant and a 30-MW captive power plant in Gulbarga district of Karnataka, it has informed the stock exchanges today.Company officials ...
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Fortune opens second hotel in Bangalore
Bangalore, June 17 The Bangalore-based Fortune Park Hotels Ltd – a subsidiary of ITC Ltd, and JP Group – announced the opening of ‘Fortune Select JP Cosmos’ here on Monday. A premium business hotel, the 134-room ...
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OVERSEAS INVESTMENTS
Indian realty firms make beeline for overseas projects
Oil at $130, softening real estate market seen propelling change
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Ashok Leyland picks up stake in group co in Germany
Chennai, June 17 Ashok Leyland today informed the stock exchanges that it had made a “strategic investment” in Albonair GmbH, Germany. Both Ashok Leyland and Albonair belong to the Hinduja group.The investment is “for ...
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Japanese co plans 2 projects in AP
Hyderabad, June 17 Japan-based ITOCHU Corporation, having subsidiaries and associates in the fields of textiles, machinery, aerospace, metals and minerals etc., has evinced interest to set up two projects in Andhra Pradesh. According to ...
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ALLIANCES & JOINT VENTURES
Ashok Leyland shareholders to get stake in Nissan jt venture
Rs 3,000-cr capex programme lined up for next 3 years
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VENTURE CAPITAL
Suncity in talks with PE firms to raise Rs 350 cr for IT SEZ project
Company open to offloading 35-40% stake in project
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PEOPLE
Balmer Lawrie hopes appointment of independent directors soon
Balmer Lawrie & Co Ltd is expecting the Centre to appoint three independent directors to its board in three months. Apart from meeting Clause 49 of the listing agreement, the appointment of directors will pave the way for the ...
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