Business Daily from THE HINDU group of publications
Friday, October 24, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, October 24, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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ALLIANCES & JOINT VENTURES: 3 PSUs to form joint venture for export of nuclear reactors Chennai, Oct. 23 Three public sector companies have decided to set up a joint venture for the export of nuclear ... OUTLOOK: Suzuki Motorcycles plans R&D facilities in India Launches 150cc bike priced at Rs 59,000. New Delhi, Oct. 23 Suzuki Motorcycles India Ltd (SMIL), the two-wheeler unit of Suzuki Motor Corporation (Japan), is exploring the option of integrating its research and development with Maruti Suzuki ... OVERSEAS BORROWINGS: ‘More flexibility for corporate borrowers’ There is lot of capital within Asia to be tapped. New Delhi, Oct. 23 The overall annual ceiling for external commercial borrowings (ECBs) has been enhanced to $35 billion from a level of about $21 billion earlier, according to Mr Ashok Chawla, ... DIVIDEND ANNOUNCEMENT: MTNL dividend to Govt MTNL has paid Rs 35.43 crore to the Government towards 10 per cent balance of final dividend for the financial year 2007-08. In its 22nd Annual General Meeting held on September 26, MTNL had approved payment of final dividend of 40 per ... COMPANY LAW: Standing committee to deliberate on Cos Bill Bill aiming to modernise corporate regulation tabled. New Delhi, Oct. 23 The much-awaited Companies Bill, 2008, which intends to modernise the structure for corporate regulation, was introduced in Lok Sabha on Thursday. Once passed by the ... OVERSEAS INVESTMENTS: Karuturi launches farm operations in Ethiopia Bangalore, Oct. 23 Karuturi Global Ltd, the world’s largest growers of roses with presence in India, Kenya, Ethiopia, Dubai and Holland on Wednesday announced the launch of its agricultural operations in Ethiopia where it had acquired ... ALLIANCES & JOINT VENTURES: GE Transportation to partner BHEL for Rlys’ tender New Delhi, Oct 23 GE Transportation, a unit of General Electric Company, has announced that it will be partnering with Bharat Heavy Electricals Ltd (BHEL) to compete for a 1,000 diesel locomotive tender issued by the Indian Railways. GE ... ANNOUNCEMENTS: Sundaram-Clayton to make engines Chennai, Oct 23 Chennai-based Sundaram-Clayton Ltd has announced that it would get into the manufacture of internal combustion engines, initially for stationary application such as gensets and later for off-high way vehicles such ... MERGERS & ACQUISITIONS: Shree Renuka Sugars buys 87% stake in Gokak Sugars Bangalore, Oct. 23 Shree Renuka Sugars Ltd (SRSL) has acquired a majority stake in Gokak Sugars Ltd in Karnataka that augments its crushing capacity by 2,500 (TCD) tonnes crushed ... NEW BUSINESS: Areva bags €35 m contract New Delhi, Oct. 23 Areva T&D India Ltd said on Wednesday it has won a contract worth €35 million from Bhilai Steel Plant, a unit of Steel Authority of India Ltd. Areva will supply sub-stations to the steel plant and revamp ... CREDIT RATING: S&P downgrades Tata Steel UK to ‘stable’ Kolkata, Oct. 23 Standard & Poor’s Ratings Services said on Thursday that it had revised its rating outlook on Tata Steel UK Ltd (TSUK) to stable from ... ESOPS: Dabur Pharma posts loss on stock option payout New Delhi, Oct 23 Dabur Pharma Ltd, on Thursday announced a loss of Rs 37.02 crore during the second quarter ended September 30, ... PERFORMANCE: High-end bikes drive Bajaj Auto into growth zone VRS expenses slash profit figures. Bajaj Auto has seen a modest growth in sales, but recorded a fall in profits for the second quarter in a row. That puts the sales growth for the half-year ended September 2008 at 9 per cent. A large part of ...
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