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CORPORATE
CORPORATE DISPUTES:
Judge recuses from Reliance case
The withdrawal of Mr Justice R. V. Raveendran on Wednesday on moral grounds from a Bench of the Supreme Court hearing the gas dispute involving the Ambani brothers, is unlikely to cause a major delay in the ...
DIVERSIFICATION:
RCF forays into cement distribution
Fertiliser maker to take advantage of extensive dealer network. Over 6,000 dealers of public sector undertaking Rashtriya Chemicals and Fertilisers are likely to double up as cement ...
NEW PROJECTS:
ArcelorMittal eyes alternative sites for plants
Unhappy over progress of projects in Orissa and Jharkhand. New Delhi, Nov.4 The world’s largest steel maker ArcelorMittal is looking at alternative sites to set up its steel plants in India after its proposed Orissa and Jharkhand plants ...
INTERVIEW:
Godrej Properties IPO in two months: Adi Godrej
Mumbai, Nov. 4 It was an eventful second quarter for the Godrej Group which also saw its Indian joint venture partner, Sara Lee Corporation, sell a part of its US business to Unilever Plc. Though Godrej Industries reported a fall ...
OUTLOOK:
Royal Enfield to double capacity at Chennai plant
Launches bikes in new engine platform. New Delhi, Nov. 4 Motorbike manufacturer Royal Enfield said on Wednesday that it plans to invest Rs 65 crore to double the capacity of its Chennai plant from 50,000 to one lakh units by ...
CORPORATE DISPUTES:
Legal fraternity divided over Mr Justice Raveendran’s move
New Delhi, Nov. 4 The decision of Supreme Court judge Mr Justice R.V. Raveendran to withdraw from hearing the Ambani brothers’ gas row on moral grounds on Wednesday sparked off a similar ...
OVERSEAS INVESTMENTS:
Tata Steel to run Corus facilities at full capacity by year-end
Demand in Europe picking up, says company. New Delhi, Nov.4 Tata Steel is set to ramp up the capacity use of its European operations under Corus to 100 per cent by the end of this fiscal. This was stated by the Tata Steel Vice-Chairman, Mr B. ...
MERGERS & ACQUISITIONS:
Tale of a Landmark
Chennai, Nov. 4 The Landmark books and music store promoted in 1987 by Ms Hemu Ramaiah as, perhaps, the first of its kind as a large format store on a busy thoroughfare of Chennai had become, as its name suggests, a destination store for ...
FINANCIAL PERFORMANCE:
Poly Medicure net up 92%
...
FINANCIAL PERFORMANCE:
Nagarjuna Const net up marginally
...
NEW BUSINESS:
Rs 1,145-cr order for Unity-led venture
A Unity Infra Projects-IVRCL Infrastructure and Projects joint venture has bagged a Rs 1,145.88-crore order from the Municipal Corporation of Greater Mumbai for construction of an 8.3-km water supply tunnel from Kapurbawdi to Bhandup Complex. ...
TRADE & LABOUR UNIONS:
RINL workers go on a day’s strike
The workers of Rashtriya Ispat Nigam Ltd (the Vizag steel plant) went on a day’s strike on Wednesday demanding the implementation of a new wage agreement, for five years, with 78.2 per cent DA (Dearness Allowance) merger and ...
RESTRUCTURING:
Celebrity to spin off divisions
The Chennai-based Celebrity Fashions Ltd has informed the BSE that its board on Wednesday agreed in principle to hive off the various divisions of the company into separate entities. According to the information available with the stock ...
PERFORMANCE:
Ashok Leyland sales up in Oct
...
OVERSEAS BORROWINGS:
Aurobindo’s share allotment
The committee of the board of directors of Aurobindo Pharma Ltd on Wednesday has allotted 83,121 equity shares of Rs 5 each for cash at a premium of Rs 517.036 by conversion of bonds worth $1,000,000. The allotment was in line with the offer made ...
NEW PROJECTS:
Vardhman Health on expansion mode
Vardhman Health Specialities Pvt Ltd, a pharmaceutical distribution company offering cold chain management facility for speciality medicine, plans to expand its branch network to 23 for a pan-India presence. At present, it has seven branches. ...
OUTLOOK:
Underwriters Lab to test new markets with TTC buy
Bangalore, Nov. 4 India’s growth story has enabled Underwriters Laboratories chart a 40 per cent growth in its product safety and certification business that has seen new portfolios such as water, renewable energy and now plastics ...
ALLIANCES & JOINT VENTURES:
JBM Group in education tie-up with Dassault Systemes
Auto component manufacturer JBM Group said on Wednesday that it expects its revenue to grow over 20 per cent this fiscal on account of revival in the automotive ...
ALLIANCES & JOINT VENTURES:
Cairn inks pact with RIL for crude supply
New Delhi, Nov. 4 Cairn India has reached initial agreement for crude supplies from the Mangala field in Barmer, Rajasthan, to private sector refiner Reliance Industries Ltd (RIL). Official sources told Business Line ...
OUTLOOK:
ONGC close to resolving logistics block on Tripura project
Kolkata, Nov. 4 ONGC is close to resolving the transportation problem that has been delaying the implementation of the 726.6-mw gas-based power plant in ...
TRADE & LABOUR UNIONS:
Gurgaon-Manesar auto belt heading towards labour unrest again
New Delhi, Nov. 4 The Gurgaon-Manesar auto belt may be heading for another bout of unrest as labour unions threaten to strike work across the belt on Friday. The unions have called the strike due to a deadlock in the negotiations at ...
CORPORATE DISPUTES:
Kingfisher, BPCL reach settlement
Mumbai, Nov. 4 Kingfisher Airlines and Bharat Petroleum Corporation have reached an out-of-court settlement on the dues for aviation turbine fuel supplies. Informed of this on Wednesday, the Bombay High Court disposed of ...
ALLIANCES & JOINT VENTURES:
IFC, Jain Irrigation join hands
New Delhi, Nov. 4 IFC, a member of the World Bank Group, is set to launch a water footprint initiative with Jain Irrigation to allow the company to measure its environmental and sustainability benefits and identify ways to reduce its ...
ANNOUNCEMENTS:
Seshasayee Paper launches branded notebooks
Chennai, Nov. 4 Seshasayee Paper and Boards Ltd is getting into the branded notebooks segment with the launch of ‘Success’ brand of ...
CORPORATE GOVERNANCE:
ICSI’s annual convention to begin today
Hyderabad, Nov. 4 The Institute of Company Secretaries of India (ICSI) will release its recommendations on good corporate governance at the inaugural session of its 37th national convention to be held here on ...
PRIVATE PLACEMENT:
Koutons Retail to finalise plans to raise funds shortly
New Delhi, Nov. 4 Koutons Retail Ltd has said that its plan to raise Rs 100 crore through qualified institutional placements is likely to take shape by end of the year. The apparel and footwear retailer has said it is witnessing a turnaround ...
OUTLOOK:
REC follow-on offer likely by Feb
Rural Electrification Corporation (REC) said on Wednesday its proposed follow-on public offer is likely to hit the market by February 2010. “We would file the Draft Red Herring Prospectus with SEBI by mid-December and the FPO is likely to ...
ANNOUNCEMENTS:
Videocon board okays Rs 1,200-cr rights
The Videocon Industries board has approved a rights issue of Rs 1,200 crore. The compnay will also issue equity shares of Rs 45 crore on preferential basis to an independent non-promoter investor. The company will seek shareholders’ ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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