CORPORATE
CORPORATE DISPUTES
New suit adds fuel to Taro-Sun row
Stock reacts adversely
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DIVIDEND ANNOUNCEMENT
Anjani Portland cement’s dividend
The board of directors of Anjani Portland Cement Ltd recommended payment of 15 per cent dividend on face value of Rs 10 a share (Rs 1.50). The decision was taken at a meeting held here on Monday and was subject to the approval of the ensuing ...
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NEW BUSINESS
BHEL-GE consortium gets letter of award from ONGC
ONGC Tripura Power Company Ltd (OTPC) has placed a letter of award (LoA) on consortium of Bharat Heavy Electricals Ltd (BHEL) and General Electric (GE) for the generation of 720 MW of power from natural gas produced by ONGC in ...
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ENVIRONMENT
‘Small cos can join the carbon credits party’
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NEW PROJECTS
Ardex Endura commissions 2nd plant
Ardex Endura India Ltd, manufacturers of tile and flooring products, has commissioned its second plant in Baroda to complement its existing Bangalore facility. Ardex Endura is a joint venture between BAL, UK (part of Ardex Int.) and tile maker ...
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Suashish Diamonds plans Rs 150-cr facility
Mumbai, June 23 Suashish Diamonds Ltd will set up a new manufacturing unit in Mumbai with an investment of Rs 150 crore. The investments will be made through the company’s wholly owned subsidiary Suashish Jewellery Ltd.The funding ...
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Ethanol plant opened in AP
Hyderabad, June 23 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, inaugurated a grain-based ethanol unit at Gandepalli village in Krishna district on Monday.Promoted by the Rs 450-crore Sentini Group based out of ...
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Saint-Gobain plans Rs 1,000-cr float glass plant in Rajasthan
Agreement with Rajasthan Govt soon
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OVERSEAS INVESTMENTS
JK to produce company branded tyres from Tornel’s facility
New Delhi, June 23 JK Tyres said that it would start producing company branded truck tyres from the facility of its recently acquired Mexican company Tornel. The company would continue to produce both the brands — JK Tyre and Tornel ...
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ALLIANCES & JOINT VENTURES
Kakinada refinery: ONGC exits, GMR in with 51%
IL&FS, Kakinada Sea Port to hold 46%
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SECURITY
Survey stresses on need for holistic approach towards corporate security
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RIGHTS ISSUE
Indian Hotels net up 17% on lower operating costs
Rights issue to fund expansion
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BONUS ANNOUNCEMENTS
GAIL to issue 1:2 bonus shares
New Delhi, June 23 The board of GAIL (India) Ltd on Monday recommended issuance of one bonus share for two equity shares held, subject to the requisite approval. In a statement issued here, the company said, “The matter will now ...
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SICK UNITS
BIFR okays HMT Machine rehabilitation scheme
The Board for Industrial and Financial Reconstruction (BIFR) has sanctioned the rehabilitation scheme of HMT Machine Tools Ltd, the wholly owned subsidiary of HMT Limited, for immediate implementation. The rehabilitation scheme is based ...
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OUTLOOK
Tata Power net profit rises 25% in 2007-08
Co plans to add 13,000 MW capacity in 5 years
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PEOPLE
Diversity marks India Inc boards
AGE GAP
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