CORPORATE
BUYBACK
Financial firms cash in on bear market
Offer loans to promoters to buy their own stock
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AUDITING
CAG pulls up SCI for added cost of buying crude carriers
Chennai, June 21 Shipping Corporation of India (SCI) had incurred an additional expenditure of Rs 554 crore by splitting the procurement of very large crude carriers (VLCCs) during the Tenth Plan period (2002-07), says the Comptroller and ...
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MERGERS & ACQUISITIONS
Anheuser-Busch buys up full stake in Crown Beers India
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NEW PROJECTS
Taiwanese auto component firm plans unit in Nellore
Hyderabad, June 21 Taiwan-based Mei Ta Industrial Company has signed a memorandum of understanding with the Andhra Pradesh Government for setting up an auto component manufacturing base in Naidupet Industrial Park located in Nellore ...
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JCB India to set up warehouse, training centre in Pune
Pune, June 21 JCB India, a fully owned subsidiary of UK’s J C Bamford Excavators Ltd, is investing Rs 22 crore to set up a central parts warehouse as well as training centre at Talegaon in Pune. Talking to presspersons, Mr Vipin Sondhi, ...
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OVERSEAS INVESTMENTS
Petronet LNG eyes role in Australian gas assets
New Delhi, June 21 To secure gas supply for the capacity expansion currently under way, Petronet LNG Ltd (PLL) is considering taking participating interests in gas assets in Australia. The company is in talks with European and American ...
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ALLIANCES & JOINT VENTURES
CIL, Tatas to form venture for power from washery rejects
Rs 50-cr project to be taken up under clean development mechanism
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Kronos ties up with Bharat Forge
Bangalore, June 21 Global workforce solutions firm Kronos Inc, which launched its Indian operations last year, has signed up with Pune-based Bharat Forge Ltd to help the company manage performance and productivity of its employees. ...
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OUTLOOK
Singapore realty developer looking to attract Rs 465-cr investment
Kolkata, June 21 The Singapore-based real estate developer Far East is looking at drawing an investment of S$150 million (Rs 465 crore) in property from India by this year, Mr Akshay Jain, CEO of Land Solutions, Far East’s marketing ...
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