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ANNOUNCEMENTS: Blaupunkt launches GPS sytem
Blaupunkt, part of the Bosch Group, has launched a GPS vehicle satellite navigation system. Bosch India Managing Director, Mr V.K. Viswanathan, told newspersons that such products show the company’s commitment towards the development of ...

BUYBACK: Promoters prefer to stay on the sidelines even as pivotals crash
An analysis of the 24 companies, out of the 30 stocks of the Sensex, shows that in 12 stocks there were no changes in promoter holdings while in 10 others only a negligible movement was seen.. Chennai, July 19 Promoter groups in the pivotal ...

CORPORATE DISPUTES: RIL not to withdraw arbitration process
Mumbai, July 19 Reliance Industries (RIL) will not withdraw the arbitration process it has initiated against Reliance Communications (RCom) even though the RCom-MTN talks have been called off, sources close to the disputing parties indicated. ...

COURTS/LEGAL ISSUES: No stay on construction of Mundra SEZ: Adani Group
Responding to the Gujarat High Court’s Thursday order that no creeks near the Mundra Special Economic Zone (SEZ) shall be filled till August 7, 2008, its promoters, the Adani Group, has clarified that the court has not stayed ...

OPEN OFFERS: HDFC not to tender Hindustan Oil shares in open offer
Chennai, July 19 Housing Development Finance Corporation Ltd (HDFC), which has 11.36 per cent stake (as of March 31) in Hindustan Oil Exploration Corporation Ltd (HOEC), will not tender its shares in the open offer of Eni UK Holding ...

MERGERS & ACQUISITIONS: Ashok Leyland hints at further acquisitions
Chennai, July 19 Ashok Leyland, which acquired the Czech company Avia in 2006 and the Detroit-based Defiance Testing and Engineering Services Inc. in 2007, is scouting for more ...

PEOPLE: Nilgiri's MD quits


OUTLOOK: Outokumpu plans steel service centre near Mumbai
Bullish on the growing trend in the use of stainless steel in various infrastructure projects, Finland-based Outokumpu which was scouting for setting up a 2.5-lakh-tonne cold rolling plant, has changed its plans and decided to set up a steel ...

OUTLOOK: Fiat plans foray into commercial vehicle segment
Mumbai, July 19 Fiat is planning to enter the commercial vehicle segment in India. Fiat Professional, with its wide range of light commercial vehicles, wants to replicate its success in South American automotive market in India. ...

RESTRUCTURING: Kirloskar Brothers records loss in first-quarter
Pune, July 19 The Pune-based Kirloskar Brothers Ltd (KBL), manufacturers of pumps, has recorded a net loss for the first quarter this year on a higher turnover. ...

MANPOWER: Face-off at Bajaj Auto plant ends


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