CORPORATE
ANNOUNCEMENTS
BEML, STC sign trading pact
Bharat Earth Movers Ltd and the State Trading Corporation have entered into a memorandum of understanding (MoU) for co-operation in trading of minerals and other products through export and import, a BEML release said. The ...
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Hind Zinc mulls interim dividend
Hindustan Zinc Ltd has informed the BSE that a meeting of the board of directors of the company will be held on January 20, to consider interim dividend if any. ...
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MERGERS & ACQUISITIONS
Corus: Consortium between Tata, CSN unlikely to occur
"I cannot think of any situation where three parties which are all listed companies have come together in a three-way merger in a single transaction."
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Corporate India goes shopping — And lands smart deals on foreign shores
Given the boom in the economy and the healthy cash generation by most companies, M&A activity was frenetic last year, and is only set to increase.
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NEW PROJECTS
Ispat Ind to set up 600-MW unit in Chhattisgarh
Project likely to be funded in a 70:30 debt-equity ratio
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ALLIANCES & JOINT VENTURES
Aban in pact with Gujarat Govt
Aban Offshore Ltd has informed the BSE that the company through its subsidiary Aban 8 Pte Ltd has entered into a memorandum of understanding on Friday, for setting up of joint venture with the Gujarat Government through its ...
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DIVERSIFICATION
LMW group co to diversify into home textiles
The LMW group outfit Adwaith Lakshmi Industries Ltd is foraying into home textiles/terry products to take advantage of strong growth prospects seen in export of cotton made-ups. The company is set to implement a Rs 15-crore investment plan ...
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OUTLOOK
Chinese cars may soon run on Indian roads
Sonalika group in talks with Chery Auto to introduce compact QQ
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PERFORMANCE
LG sales at Rs 8,250 cr in 2006
Consumer durable company LG Electronics India today announced a turnover of Rs 8,250 crore for 2006, up by 10 per cent over the previous year. The overall contribution was 43 per cent from home appliances, 39 per cent from ...
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