CORPORATE
ANNOUNCEMENTS
TVS Motor plans to hasten new launches
TVS Motor aims to replenish its motorcycle range with variants at shorter intervals to keep pace with customers' preference for newer vehicles and improve its profitability. The company's profit after tax in the third quarter of the current ...
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Apollo increases truck, bus tyre prices by 3 pc
THE Rs 2,000-crore Apollo Tyres Ltd (ATL) has increased the prices of its commercial truck and bus tyres by up to 3 per cent. The increase comes nearly three months after the company went in for a 2.5 per cent hike in prices across its entire ...
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Tata Motors Rs 1-lakh car in `ideation stage'
TATA Motors' car for the common man, priced at Rs 1 lakh, is expected to see the light of the day within the next 3-5 years, according to Mr Rajiv Dube, Vice-President of Tata Motors' passenger car business unit. The project is in the ...
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Eonour Tech to issue warrants convertible into equity shares
EONOUR Technologies Ltd has informed the stock exchange that the board of directors at its meeting held last week has approved a proposal to issue warrants convertible into equity shares to various entities. The promoter, Mr R. Karthik, would get ...
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PREFERENTIAL ALLOTMENTS
Vera Labs to issue preferential shares
AIMED at improving its net worth in the backdrop of huge accumulated losses, Vera Laboratories Ltd (VLL), the city-based pharmaceutical company, is planning to raise significant funds by way of issue of fresh equity shares to select individuals ...
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MERGERS & ACQUISITIONS
Biocon gets FIPB nod to hike foreign equity stake to 60 pc
THE Bangalore-based Biocon India Ltd has received permission from the Foreign Investment Promotion Board to increase the foreign equity stake in the company's paid-up equity capital to 60 per cent. Currently, the foreign equity in the ...
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NEW PROJECTS
BMC Soft opens global data centre at Pune facility
BMC Software, which began its Indian operations in 2001, has opened global data centre at its facility in Pune. Mr Jay Gardner, Chief Information Officer, BMC Software, told newspersons that the data centre, housed in a 5,500-sq. ft facility ...
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ALLIANCES & JOINT VENTURES
Gujarat NRE Coke forging venture with Kalyani Steel
GUJARAT NRE Coke Ltd, which operates the largest non-captive coke plant in the country, is forging a joint venture with Kalyani Steel for setting up a 3.24 lakh tonne per annum capacity coke manufacturing plant in Karnataka at an estimated ...
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Apollo, BCCI sign MoU
APOLLO Hospitals has signed a memorandum of understanding with the Board of Control for Cricket in India under which it would serve players who are injured and assess the ages of players selected to represent the national and state teams. BCCI ...
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SOCIETY & DEVELOPMENT
Cementing ties with displaced people
EVEN as the debate continues on to what extent a corporate house should go to carry out its social responsibility, Ambuja Cement Eastern Ltd, a subsidiary of Gujarat Ambuja Cement Ltd, has silently turned a hostile crowd of land-losers into one ...
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SICK UNITS
Hind Antibiotics wind - up notice put in abeyance
BIFR has granted more time to the company and its bidders to submit their comprehensive revival proposal to the agency.
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Andhra Cements in talks for fresh one-time settlement
ANDHRA Cements Ltd (ACL), part of the Kolkata-based Duncan Goenka group, is currently negotiating with the financial institutions and banks for entering into a fresh one-time settlement (OTS) agreement. This follows the shortfall in surplus ...
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OUTLOOK
BHPV chief allays survival fears
THE Chief Minister, Mr N. Chandrababu Naidu, has written to the Prime Minister expressing concern over the present position of Bharat Heavy Plates and Vessels (BHPV) unit here and workers can be rest assured that all steps will be taken to nurse ...
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