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CORPORATE BONDS
Corporate bonds: Costlier for companies?
Corporates are raising funds at interest rates higher than government borrowings. Investors in corporate bonds could earn higher yields, though for companies, it could be a costly proposition. According to Crisil, the yield differential ... More

MERGERS & ACQUISITIONS
Videocon to start fresh talks with Daewoo creditors
October deal stands annulled, say creditors More

Bajaj Electricals looking at buys
To launch first inverter in 6 months More

S. Kumars board okays biz buy plan
S.Kumars Nationwide Ltd has informed BSE that board of directors of the company has approved the business purchase agreement with Brandhouse Retails Ltd (BHRL) at a gross consideration of Rs 12.95 crore to acquire their retail ... More

NEW PROJECTS
ABL Biotechnologies to set up facility at Ticel Biopark
The city-based research and development company in marine microbial products for therapeutic and nutrition application, ABL Biotechnologies Ltd, is setting up a Rs 25-crore research facility at the Ticel Biopark, according to its Chairman and ... More

GM plans engine, gearbox plant
New plant likely to cater to small range of diesel engines More

OVERSEAS INVESTMENTS
SF Jeans boutique opened in Colombo
San Frisco (SF) Jeans, the denim wear brand of Madura Garments, has forayed into Sri Lanka with an exclusive store in Colombo. Incidentally, this is also Madura Garments' first `exclusive' venture in the island-nation (although some of the ... More

ALLIANCES & JOINT VENTURES
Biocon forms venture with Neopharma of UAE
Marks foray into 6 Gulf Council States More

Prajay ties up with Sunway City
Prajay Engineers Syndicate Ltd has informed the Bombay Stock Exchange that the Company has entered into a joint venture agreement with Sunway City India Pvt Ltd (Leading Property Developers from Malaysia). The agreement is for ... More

OUTLOOK
ONGC to start spudding in another Mahanadi Block
After testing success in Mahanadi Basin, ONGC is now set to start spudding in another block in the region. A senior company official told Business Line that the spudding was expected to begin anytime now in the block NEC-DWN-2002/2. ... More

Essar Power may bag Jamnagar thermal contract
Essar Power Ltd, whose bid for sale of power per unit has been found to be the lowest amongst the tenders recently, may be asked by the Gujarat Government to develop a 1000-MW thermal power station at Jamnagar. Official sources said here on ... More

Bombay Dyeing to shift production facility
Bombay Dyeing will shift its entire textile production from Worli facility in Mumbai to Ranjangaon, near Pune. The new plant is expected to be fully commissioned by June. "The Ranjangaon facility will have a capacity to make 52 million metres ... More

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