CORPORATE
ANNOUNCEMENTS
Same Deutz-Fahr plans a slew of launches
THERE is much consolidation waiting to happen in the Indian tractor industry, according to Mr Kamal Bali, Managing Director, Same Deutz-Fahr India. "Three multinational and two Indian companies could be the eventual tally,'' he said of the ...
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Spic close to gas supply pact for Dubai project
SPIC Fertilizers and Chemicals FZE, a $190-million project at the Jebel Ali Free Zone, in Dubai emirate, which has been stalled for sometime due to non-availability of gas supplies, is expected to make headway in a few months as talks are on to ...
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Ramesh Vangal turns angel to kick-start Katra Liquor
ENDING a long-peddled speculation, the high-flying strategic investor Mr Ramesh Vangal has given shape to plans to get back into the spirits business. He has donned the role of angel investor to kick-start a new sprits entity, Katra Liquor, ...
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Orchid Chemicals may raise funds
ORCHID Chemicals & Pharmaceuticals announced on Tuesday that a governing board meeting scheduled for next week would consider raising long-term funds through suitable ways, including warrants to promoters and foreign bonds. Mr K. Raghavendra ...
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Cairn strikes more oil in Rajasthan
BRITISH oil major Cairn Energy Plc has struck oil for a second time in its Rajasthan exploration block. Announcing the discovery today, Cairn said that the recoverable resource was of the order of 20-80 million barrels and `in-place' reserves ...
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Polyplex delisted from UP, Ahmedabad SEs
MUMBAI: Polyplex Corporation Ltd has informed the BSE that pursuant to its application for voluntary delisting of its equity shares from Uttar Pradesh Stock Exchange Ltd and the Stock Exchange, Ahmedabad, the equity shares have been ...
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PREFERENTIAL ALLOTMENTS
Gayatri Sugars EGM okays pref offer
PAVING way for an early revival of Gayatri Sugars Ltd (GSL) shareholders have consented to the proposal for offering equity shares on a preferential allotment basis to promoters and financial institutions. As a part of the restructuring scheme, ...
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OVERSEAS BORROWINGS
Zee Tele gets nod for fund raising plan
ZEE Telefilms Ltd has informed the BSE that at the company's extra-ordinary general meeting held on Tuesday, the shareholders have approved the fund raising proposal by way of issuance of foreign currency convertible bonds (FCCB) for a sum not ...
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MERGERS & ACQUISITIONS
Mallya raises stake in Herbertsons to 36%
WHETHER it can be called a victory for liquor baron Mr Vijay Mallya in his quest for control of Herbertsons Ltd, the country's third-largest spirits company, is debatable. Mr Mallya has, however, managed to raise his equity stake in Herbertsons ...
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Jhunjhunwala stake in AgroTech goes up to 5 per cent
AGRO Tech Foods Ltd has informed the bourses that Mr Rakesh Jhunjhunwala has acquired 3,000 equity shares of the company's total paid-up capital of on March 5 from the market. The shareholding of Mr Jhunjhunwala along with Ms Rekha ...
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Amtek Auto to consider purchase of UK company
DOMESTIC auto ancillaries company, Amtek Auto Ltd, is considering to buy 100 per cent controlling stake in the United Kingdom-based GWK group of companies, which comprises GWK Group and two 100 per cent subsidiaries, King Automotive Systems Ltd. ...
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REGULATORY BODIES & RULINGS
CAG flays HMT move to outsource appearance parts from foreign firm
It is not known as to how the company would monitor that the vendor would not use HMT logo in further manufacturing activity and would not sell spurious HMT brand watches in the market.
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ALLIANCES & JOINT VENTURES
SOTC sees growth from trade fair tours — Ties up with German cruise cos
EVEN as more Indians have begun travelling abroad, travel houses like SOTC have begun homing in on trade fairs as a separate business segment. SOTC has a special business unit to cater to the segment of trade fair tours. "It is now contributing ...
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Same Deutz-Fahr ties up with SBI for new financing scheme
STATE Bank of India and Same Deutz-Fahr India on Tuesday announced a nationwide tie-up for tractor financing. Under this tie-up, SBI would provide 90 per cent of the loan amount at 10.25 per cent for loans above Rs 2 lakh and 9.75 per cent for ...
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INTERVIEW
`Korea-India FTA would be a desirable option'
Situated in Asia, where the market is growing fast, I think both countries are in a position to advance into the Asian market through such collaborations.
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EVENTS
MCF observes National Safety Day
RIGHTS ISSUE
Shareholders nod for Balrampur Chini rights issue agenda
SHAREHOLDERS of Balrampur Chini Mills Ltd have approved the single agenda on the proposed rights issue of the company at an extra-ordinary general meeting. Balrampur Chini has already announced a rights issue in the ratio of 12 equity share for ...
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OUTLOOK
IOC gearing up to meet challenges
INDIAN Oil Corporation (IOC) Ltd is gearing up to meet the challenges to be posed by the entry of Oil and Natural Gas Corporation (ONGC) Ltd and Reliance Industries into retail segment from April 1, according to the Executive Director (Retail ...
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PERFORMANCE
Riding the Crest on a new wave
CREST Communication Ltd, among best-known Indian names in computer generated animation, is still some distance from revisiting profitability. Despite the studio it owns in California, Crest's Worli office is truly a long distance from Hollywood ...
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Ranbaxy turns billion dollar co
RANBAXY Laboratories Ltd has achieved its vision of crossing the billion-dollar mark by 2004. During February, the global sales of the company touched $1billion (on a moving annual total basis). According to a company statement, "In the year ...
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SE Diary
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