CORPORATE
DIVIDEND ANNOUNCEMENT
ICSA to pay 30 pc dividend
ICSA (India) Ltd has recommended 30 per cent dividend for the year ended March 2006. The announcement is subject to approval by the shareholders. Last year the company paid 15 per cent. The company's board has also recommended ...
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RESTRUCTURING
Escorts working on plan for core tractor biz
With the company's debt level down to a more manageable Rs 300 crore, Escorts Ltd is learnt to be working out a major investment plan for its core tractor business. According to sources, as part of its initiative to grow its tractor business, ...
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MERGERS & ACQUISITIONS
Cadila buys 50 pc of Akshaya Apollo
Cadila Pharmaceuticals Ltd has bought 50 per cent equity in Akshaya Apollo Hospitals Ltd, an unlisted company promoted by Apollo Hospitals Enterprise Ltd. Akshaya runs a 350-bed `super speciality' hospital in Ahmedabad. Apollo ...
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Matrix offloaded
With Matrix being snapped up by Mylan, the key issue now is whether this trend will gather pace. India's knowledge pool and cost competitiveness have always made it attractive for multinationals and, in recent times names of leading Indian ...
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NEW PROJECTS
Deepak Fert commissions unit in Taloja
Deepak Fertilisers & Petrochemicals Corporation Ltd has commissioned its Rs 154-crore isopropyl alcohol (IPA) plant at Taloja and commenced delivery of the product to its customers from August 28. The company is the only manufacturer of IPA ...
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ALLIANCES & JOINT VENTURES
Malaysian entity explores herbal biz avenues with Nandan Bio
Mulls options to float joint venture
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INTERVIEW
CAS may be delayed due to litigations: Zee
`MRP move a surprise'
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DIVERSIFICATION
Nahar to mull real estate foray
Punjab-based Nahar Spinning Mills Ltd on Friday said it would consider a proposal for foraying into the real estate business on September 4. The company informed the BSE that a meeting of the board of directors would be held on ...
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OUTLOOK
Honda Siel to invest Rs 135 cr to refurbish existing models
Posts Rs 2,542-cr turnover, Rs 153-cr net profit in 2005-06
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HM plans to launch sub-one-tonne vehicle
Launch within 4 months at a price band of Rs 2.5-3 lakh
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`IndianOil set to emerge major petrochem player'
Indian Oil Corporation Ltd is all set to emerge as a major petrochemicals player with plans to invest Rs 30,000 crore in the sector in the near future. Revealing this, the Director (Refineries), Mr Jaspal Singh, said that after the success ...
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