CORPORATE
DIVIDEND ANNOUNCEMENT
Finance Ministry puts the squeeze on PSUs
Asks for more dividend payout
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Sundaram Brake to pay 50 pc interim
Sundaram Brake Linings has announced that it would pay a dividend of Rs 5 per share for 2006-07. This was decided at a company's board meeting today. For the quarter ended December, the company has reported a turnover of Rs 48 ...
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INSIGHT
M&A scene: Momentum seen continuing
M&A activity is expected to remain on an uptrend with cross-border deals continuing to maintain their momentum. Significant deal activities are expected in auto ancillaries, domestic retail, real estate, hospitality, oil and gas and the ...
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CORPORATE BONDS
Nimbus gets Rs 552-cr investments
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MERGERS & ACQUISITIONS
Funds pick 13.5% stake in Ramky Infrastructure
Sabre-Abraaj, IL&FS invest Rs 125 crore
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Adlabs stake in Synergy Comm
Adlabs Films Ltd, part of the Anil Ambani group, has completed the process of acquiring a controlling stake in Synergy Communications. According to a statement issued on Monday by Adlabs, Mr Siddhartha Basu will be the Chairman ...
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NEW PROJECTS
Tussor Machine sets up unit in Coimbatore
Annual capacity of 7,000 units
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ALLIANCES & JOINT VENTURES
Uday Computer signs pact with Italy's Rosa Ermando
To set up greenfield unit for surface grinding machines
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Nicholas Piramal pact with Napo of US for diabetes drug
Nicholas Piramal India Ltd (NPIL) has entered into a Plant Screening Agreement with US-based Napo Pharmaceuticals Inc to discover diabetes therapeutic agents. NPIL will utilise its high throughput screening facility and natural product chemistry ...
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Sobha Developers' joint venture for Kerala project
Integrated township project at Thrissur
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Wockhardt in pact with UK co
Wockhardt Ltd has signed an in-licensing agreement with Crawford Healthcare of UK to market Viticolor, a skin camouflage gel for vitiligo (leucoderma) patients. Earlier this week, Wockhardt signed a licensing deal with LSI of UK to market ...
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Essar Chem, Arkema in pact
Essar Chemicals, part of the Essar Group, and French chemical company Arkema on Monday announced the signing of an MoU to study the feasibility of a 50:50 joint venture in India for the production and commercialisation of acrylic acid and ...
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Areva T&D tech for NTPC project
Areva T&D has announced the implementation of a 765 kV ultra mega switchyard technology at NTPC's Sipat project. The two companies have partnered to implement the technology at the power station located in Chhattisgarh, the company said in a ..
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SOCIETY & DEVELOPMENT
Terumo Penpol wins PRSI award
Surgicals major Terumo Penpol has won the State-level award instituted by Public Relations Society of India (PRSI) for the best company promoting corporate social responsibility. ...
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DIVERSIFICATION
Citizen clocks into machinery biz
Plans more exclusive showrooms for watches
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Ramraj group to foray into services sector
The Tirupur-based ethnic cotton apparel flagship Ramraj group is getting into services sector, including fee-based IT solutions and counselling/training in human resources. The group, known through its men's ethnic apparel brand `Ramraj ...
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OUTLOOK
Reliance KG Basin to deliver oil first
H1 target estimated at 40,000-50,000 barrels
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DMG plans tech centre in Bangalore
DMG India, the sales and service arm of Gildmeister Group and a leading player in the CNC metal cutting machine tool industry, will set up a 15,000 sq.ft. technology centre here by the end of 2007. This will be the company first tech centre in ...
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Tata Motors scouts overseas for e-sourcing of components
In e-sourcing, bids are put online for every project. The supplier with the most competitive pricing, quality assurance and prompt delivery of goods gets the order.
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Phoenix Yule to expand capacity by 60 pc
With so many steel projects on the anvil, iron ore mining is likely to be a major activity. Likewise, with the process of privatisation of coal blocks under way, coal mining should also get a fillip. All this is pretty good news for Phoenix ...
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ONGC not to share rigs with other exploration cos
But open to sharing for future ultra deepwater activities
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Trane to focus on energy-efficient products
Rules out plans to set up manufacturing facilities here
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PERFORMANCE
RSP steel plates find use in rocket launch
Surpasses 2-mt hot metal production
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