CORPORATE
ANNOUNCEMENTS
Prannoy Roy offloads 2% in NDTV
New Delhi Television has informed the Bombay Stock Exchange that Dr Prannoy Roy, Chairman and Whole-time Director, has offloaded about two per cent share in the company for about Rs 56.5 crore. The company informed the stock exchange of the ...
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CORPORATE DISPUTES
Taro files another case against Sun Pharma
Row over sale of Taro’s Irish plant
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NEW BUSINESS
Maytas-led consortium lays foundation for Shimoga airport
Hyderabad, June 20 After Gulbarga, it is the turn of Shimoga now. A consortium of developers led by Maytas Infra Ltd, Hyderabad has started work at the greenfield regional airport in Karnataka.The Chief Minister of Karnataka, Mr B.S. ...
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L&T engg wing order book crosses Rs 1,000 cr
Mumbai, June 20 Larsen and Toubro has said that its heavy engineering division had crossed Rs 1,000 crore of order booking for hi-tech equipment & systems in two months of the first quarter of 2008-09.Major local contracts include a ...
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Bombardier wins $6-m Railway order
New Delhi, June 20 Bombardier Transportation has won a $6-million order to supply an advanced traffic management system for the Indian Railways. The contract will improve safety in the Mumbai CST-Kalyan suburban section of the Central ...
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MERGERS & ACQUISITIONS
Advanta buys sunflower seed biz of Limagrain, US
Hyderabad, June 20 Advanta India Ltd has acquired the sunflower seed business of Limagrain in the US. The acquisition, done through its US subsidiary, involves mainly the sunflower breeding programme of Limagrain located in Fargo, North ...
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NEW PROJECTS
Priyadarshini Cements 2nd unit
Priyadarshini Cements, an arm of Rain Commodities Ltd, commissioned its brownfield expansion project at its plant at Boincheruvupalli in Kurnool district of Andhra Pradesh. According to a release, the production unit II of the company began ...
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OVERSEAS INVESTMENTS
UAE’s Holiday Group to invest Rs 1,000 cr in Kerala
Keen on infrastructure, housing & hospitality projects
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ALLIANCES & JOINT VENTURES
Solar Semiconductor in alliance with TUV Rheinland
Hyderabad, June 20 In efforts to emerge as a larger player in the supply of quality products in the solar energy sector, Solar Semiconductor has forged a alliance with TUV Rheinland, the global quality certification major. The quality ...
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DIVERSIFICATION
Sujana Towers plans foray into cables, conductors segment
Hyderabad, June 20 Sujana Towers Ltd plans to foray into the cables and conductors segment through acquisitions.Addressing a press conference here on Friday, Mr Y.S. Chowdary, Chairman, Sujana Group, said that the process of due ...
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Retail blueprint: Parsvnath to open 5-10 stores in 2008-09
New Delhi, June 20 Real estate company Parsvnath on Friday outlined plans for an aggressive retail foray and said it would open five-ten stores — in a mix of formats including hypermarket, convenience stores, food joints and very large ...
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RIGHTS ISSUE
Hindalco board approves 1:3 rights issue to raise Rs 5,000 cr
Mumbai June 20 A rights issue of up to Rs 5,000 crore, domestic or international debt financing and liquidation of treasury form part of a finance plan unveiled by Hindalco Industries Ltd on Friday to refinance a $ 3.03-billion bridge loan it ...
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OUTLOOK
Double-digit inflation will hit our bottomlines: India Inc
‘Capex plans may also be adversely affected’
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Essar Shipping lines up capex of Rs 10,000 cr
14 ships, 2 jack-up rigs to be acquired
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