CORPORATE
MODERNISATION
Grasim to invest Rs 75 cr in Bhiwani plant
Grasim Industries Ltd (GIL) is investing Rs 75 crore at its Bhiwani plant for modernisation, technological up-gradation and design development. "Part of the investment has already been made. We are also increasing the capacity ...
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ANNOUNCEMENTS
Suzlon to set up windmills for Vimal Oil
Vimal Oil and Foods Ltd, the flagship company of Vimal Group, has placed an order with Ms Suzlon Energy Ltd for setting up a 600-kilowatt capacity windmill in Gujarat. The company is a fully integrated oil-processing unit, ...
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BUYBACK
Natco Pharma defers buyback schedule
Natco Pharma Ltd (NPL), the Hyderabad-based pharma company that has recently announced its decision to go in for buyback of shares, on Monday informed the stock exchanges that it has now decided to defer the schedule. The buyback schedule was ...
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PREFERENTIAL ALLOTMENTS
Gati to issue convertible warrants
The board of directors of Gati Ltd, the Hyderabad-based logistics company, has decided to issue 1,04,50,000 convertible warrants on preferential basis to the promoter group. Informing the decisions of the board meeting held on ...
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OVERSEAS BORROWINGS
Nava Bharat Ventures fixes FCCB conversion price
Plans to invest Rs 438 cr in expansion
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IVRCL EGM clears $125-m issue
IVRCL Infrastructures & Projects Ltd has informed the stock exchanges that its shareholders at an EGM on August 7 authorised the board to raise funds to the tune of $125 million through issue of securities either in the domestic or global ...
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AUDITING
ICAI sub-group to tackle tax audit ceiling issue
The Central Council of the Institute of Chartered Accountants of India (ICAI) has referred the issue of ceiling on tax audit assignments that could be undertaken by a chartered accountant to a "sub-group" of the council. Currently, the ceiling ...
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CONSULTING
British consultant to advise on natural gas price from Iran
Gaffney, Cline & Associates, UK-based consultants, have been appointed to advise on the natural gas price to be supplied to India and Pakistan from Iran through the proposed Iran-Pakistan-India (IPI) gas pipeline. Last month, in order to break .
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MERGERS & ACQUISITIONS
Tata Sons hikes stake in VSNL
Tata Sons has hiked its stake in Videsh Sanchar Nigam Ltd (VSNL) through open market purchase. The holding company of the Tata Group acquired 2 per cent stake in VSNL between August 9 and September 8, and now has 7.64 per cent stake in the ...
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Sangam shareholders approve merger
At a meeting held on September 10, the shareholders and creditors of Sangam (India) Ltd have approved a scheme of amalgamation with Sangam Processors Bhilwara Ltd (SPBL), in Bhilwara, Rajasthan. The board of directors of ...
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NEW PROJECTS
Tetra Pak may locate unit in Chennai
Demand for packages on the increase in 2 years
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RSWM to unveil new logo
To unveil new logo this week, include value-added fabric, garment exports
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Volkswagen drives into Maharashtra
Finalises pact for greenfield project at Pune
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TOCL to set up $ 2-m bio-diesel plant
Tinna Oil & Chemicals Ltd. (TOCL) is setting up a $2-million 50-tpd bio-diesel plant in Latur, Maharashtra. The plant will be ready for production by November. TOCL is a joint venture between the Delhi-based Rs 500-crore Tinna ..
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OVERSEAS INVESTMENTS
OVL inks pact to operate 2 Cuban blocks
ONGC's overseas investment arm, ONGC Videsh Ltd (OVL), has entered into production sharing contracts (PSCs) with CUPET, the State oil company of Cuba, for two offshore exploration blocks, N-34 and N-35. According to a statement, the blocks are ...
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REGULATORY BODIES & RULINGS
Ranbaxy gets USFDA nod for diarrhoea drug
Ranbaxy Laboratories Ltd today said it has received approval from the USFDA to manufacture and market Loperamide Hydrochloride and Simethicone tablets. The drug maker informed the BSE that it received approval for manufacturing ...
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ALLIANCES & JOINT VENTURES
Scania deal to increase offering in mining, construction: L&T
Tie-up to provide a complete package to L&T customers
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L&T ties up with Scania of Sweden for tippers
To sell heavy-duty tippers to construction and mining sectors
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INTERVIEW
`India extremely attractive to do business'
IPO part of providing autonomy for the Indian business, says Cairn CEO
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EVENTS
8 0' Clock Club is back in action
The 8 0'Clock Club is back in action in Hyderabad. "The one-year sabbatical is over and we will be more energetic in organising discussions, meetings and events that concern the industry and some exciting trends,'' says Mr R.K. Mehta, one of the ...
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RIGHTS ISSUE
Aditya Birla Nuvo to raise Rs 780 cr thru rights issue
For repayment of existing debt, general corporate purposes
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OUTLOOK
AES hopeful of Orissa nod for Chhattisgarh plant
State's refusal to give NoC to FIPB
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Adecco eyeing tier-II cities for growth
To phase out Peopleone name
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