CORPORATE
ANNOUNCEMENTS
Anil Chem working cap limit up
Anil Chemicals and Industries Ltd today said that its board of directors has noted that the disbursement made by Punjab National Bank for working capital limit of Rs 4.20 crore against the earlier limit of Rs 2.75 crore. ...
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PREFERENTIAL ALLOTMENTS
Citigroup not to invest in ICSA India
Citigroup Venture Capital International Growth Partnership Mauritius Ltd, & other Trusts (Citigroup) are likely to back off from their proposed investment through preferential offer of about $30 million in ICSA India Ltd. ICSA India has ...
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RESTRUCTURING
Christy to shift production base
UK towel brand Christy is proposing to shift its manufacturing plant to the Welspun group. The Welspun Group had acquired an 85 per cent interest in Christy in July 2006. Christy's is proposing to close its dyehouse and ...
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MERGERS & ACQUISITIONS
Volvo to buy Ingersoll's road development unit for $1.3 b
Global market for road construction equipment is about $4 b annually
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Holcim increases stake in Ambuja Cement
Swiss cement company Holcim has increased its stake in Ambuja Cement India Ltd (ACIL) to 78 per cent, buying an additional 11 per cent stake from Gujarat Ambuja Cements Ltd (GACL). Gujarat Ambuja Cements Ltd exercised its put option on ...
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OVERSEAS INVESTMENTS
Polar Pharma enters US, Europe with new strategy
Will focus on institutional and retail segments
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ALLIANCES & JOINT VENTURES
THDC, NPCIL to develop hydel projects
Tehri Hydro Development Corporation (THDC) today signed an MoU with Nuclear Power Corporation of India Ltd (NPCIL) to jointly develop pumped storage schemes and other hydel projects. Under the agreement, THDC would provide ...
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Hindustan Motors ties up with Shriram Properties
To develop integrated IT township and an auto park
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BUSINESS MODELS
e-Choupal, a novel pvt sector initiative: Survey
The e-Choupal agricultural marketing model of ITC Ltd has been mentioned in the Economic Survey 2006-07 as among the "novel private sector initiatives" aimed at improving the marketing channels in agriculture. The Economic Survey for 2006-07 ...
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EVENTS
HNL silver jubilee fete inaugurated
As a company under the Ministry of Heavy Industries and Public Enterprises and wholly owned subsidiary of Hindustan Paper Corporation Ltd, the Hindustan News Print Ltd (HNL) has carved a success story for itself braving heavy odds, said Mr R.L. ...
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SOCIETY & DEVELOPMENT
Goldman Sachs to contribute $1 m to Room to Read
Goldman Sachs Foundation, a NGO outfit of the leading financial institution, will contribute $1 million of expansion capital to Room to Read India, an organisation focusing on providing education to underprivileged children. The US-based Room ...
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OUTLOOK
BASF increasing thrust on biotech
To spend € 330 million over the next three years
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