CORPORATE
PREFERENTIAL ALLOTMENTS
Bhagyanagar preferential offer
Bhagyanagar India Ltd has informed BSE that an extraordinary general meeting will be held on December 20 to offer 5,00,000 fully paid-up equity shares of a face value of Rs 2 each at a price of Rs 40 (including a premium of Rs ...
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OVERSEAS BORROWINGS
Gitanjali Gems raises $110 m thru FCCB
Gitanjali Gems Ltd (GGL), a diamond and jewellery making company, has raised $110 million (approximately Rs 495 crore) through the issue of foreign currency convertible bonds (FCCBs). The FCCBs that mature on November 25, 2011, will be ...
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NEW BUSINESS
BHEL bags Rs 129-cr HZL order
Bharat Heavy Electricals Ltd (BHEL) on Monday said it has bagged a Rs 129-crore captive power plant project from Hindustan Zinc Ltd (HZL). The power plant would cater to the requirements of HZL's unit at Jawar mines at Udaipur in ...
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RESTRUCTURING
BASF cuts product range from Thane
Chemical company BASF India Ltd is discontinuing production of some agrochemical products at one of the plants at its Thane manufacturing site. However, the Thane site will continue to manufacture expandable polystyrene, ...
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MERGERS & ACQUISITIONS
Corus to defer shareholders' meet
CSN to get time till Dec 20 for submitting formal offer
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Gemini, Udaya merger with Sun TV
Sun TV Ltd on Monday announced the merger of its group companies — Gemini TV Pvt Ltd and Udaya TV Pvt Ltd — with itself. Gemini TV owns five television channels namely Gemini TV, Teja TV, Gemini News, Gemini Music ...
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NTPC may pick up 49 pc equity in TELK
SBI Caps conducting valuation study
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NEW PROJECTS
New unit: Toyota final plans soon
Toyota Kirloskar Motor today said it hopes to finalise plans for setting up a new plant in six months time, adding that it is still working out details on its proposed small car project in the country. "At this stage, nothing ...
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Sandvik Asia setting up steel plant in Pune
New facility may go on stream in 2008
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First carbon fibre plant ready for production
Will meet the demands of ISRO projects, Agni missile
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Surana Ind's new steel plant
Chennai based Surana Industries Ltd (SIL) is setting up a new integrated steel complex to manufacture special steels mainly to cater to the needs of automobile sector with an estimated investment of around Rs 473 crore. The ...
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OVERSEAS INVESTMENTS
NTPC proposal for Lanka power plant
State-run power major, NTPC will submit a proposal to the Government of Sri Lanka to set up a 900 MW coal or LNG based power plant in that country. The proposal is still under discussion and NTPC is likely to sign a memorandum of agreement with ...
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Manaksia group charts big biz plans for Africa
Re-strategising metals packaging; targets $30-m exports
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ALLIANCES & JOINT VENTURES
Emaar MGF, Accor form joint venture
Emaar MGF and Accor, on Monday announced the formation of a joint venture, Budget Hotels India Private Ltd, to bring Formule 1 brand of budget hotels to the country. The new venture plans to invest $300 million over the next decade. The ...
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Ashok Leyland ties up with French co for armoured vehicle
To supply all-terrain vehicles to Army
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EVENTS
Mukesh calls on Chidambaram
The Reliance Industries Chairman and Managing Director, Mr Mukesh Ambani, on Monday called on the Union Finance Minister, Mr P. Chidambaram, at the latter's office in North Block. He also met senior officials of the Finance Ministry. Mr ...
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SOCIETY & DEVELOPMENT
Tata Steel tech training programme
Tata Steel has inaugurated a four-month residential technical training programme in electrical jobs and masonry for residents of Seraikela Kharasawan district, at Seraikela, Jharkhand, said a press release. The company has proposed to set up a ...
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DIVERSIFICATION
Bharti plumps for Wal-Mart
Retail jt venture of equal partnership; to function in the cash and carry format
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Bharti, Wal-Mart deal: A promising partnership
It would help Wal-Mart understand the buying habits of Indian customers
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Retail India waits for Wal-Mart to get going
Retail India reacted cautiously to the news that Wal-Mart has finally reached Indian shores. Most of the retailers and industry people that Business Line spoke to were of the opinion that the Bharti-Wal-Mart could impact Indian ...
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Bharti, Wal-Mart may look beyond retail for talent
BPO, IT sectors likely to see exodus, say search firms
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OUTLOOK
HPCL still open to LNG terminal project plan
May go in for greenfield project or pick up stake in Shell's Hazira terminal
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Reliance's piped gas to be cheaper than LPG: Mukesh
Awaits Govt's city gas distribution policy
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Biocon to invest $10 m in next 12 months
Biocon will invest $10 million in the next 12 months in expanding its facilities, said Dr Kiran Mazumdar-Shaw, Chairman and Managing Director. "We are quadrupling our facilities, and increasing the range of our products," she said. The company ...
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