CORPORATE
ANNOUNCEMENTS
June launch for Maruti's SUV
Swift diesel model prices hiked
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PRIVATE PLACEMENT
Dunlop plans to raise $90 m through private placement
The BIFR approval to the rights issue of Dunlop India has finally opened up an opportunity for the company to avail itself of long-term finance. According to sources, the Ruia Group is planning to privately place 14.5 per cent of the promoter's ...
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DIVIDEND ANNOUNCEMENT
OCL to pay 100% interim
Cement manufacturer OCL India Ltd has declared an interim dividend of 100 per cent for the current financial year ending March 31. The dividend will be paid on the paid-up equity share capital of Rs 8,90,95,440 divided into ...
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Emami declares interim, special dividends
The board of directors of Emami Ltd, at its meeting here on Saturday last, has declared 100 per cent as interim dividend and 50 per cent as special dividend (making total dividend of 150 per cent) on equity shares of Rs 2-each of the company for ...
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Divi's to pay 100% interim dividend
Divis Laboratories Ltd (DLL) has declared an interim dividend at 100 per cent (Rs 10 per share) on equity capital of the company for the financial year 2006-07 to all the equity shareholders. The decision was taken at the ...
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NEW BUSINESS
Stone India bags China order for wagon air brakes
Stone India Ltd has announced that the company has received an initial order for supply of 100 sets of wagon air brake systems to a Chinese wagon builder, according to company sources. The order is valued at Rs 8.5 million. The company, as the ...
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COURTS/LEGAL ISSUES
HC refuses injunction on HPL board meet
Mr Justice Jayanta Kumar Biswas of the Calcutta High Court today refused to grant any injunction over holding of board meeting of Haldia Petrochemicals Ltd, scheduled to be held on March 20. The court also refused to pass any ...
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MERGERS & ACQUISITIONS
Govt may sell residual stake in Maruti next fiscal
The sale of residual Government stake in Maruti Udyog is likely in the next financial year, the Finance Minister, Mr P. Chidambaram was quoted to have said to the media. Official sources attributed the decision to defer the divestment to the ...
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NEW PROJECTS
Honda Motor plans 2nd plant
Two-wheeler maker Honda Motorcycle and Scooter India (HMSI) is conducting a feasibility study for setting up a new plant as it targets the one million domestic sales mark in the next three years. The company is planning to introduce new ...
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German co's arm to foray into processing fruits
Targeting pomegranates, mangoes for pilot project
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TRADE & LABOUR UNIONS
IPCL unions raise voice against transfer to Jamnagar SEZ
Launch of `path of agitation' from today
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Swimming Club declares lockout
The management of Calcutta Swimming Club, a 120-year-old institution of Kolkata, has declared a lockout from March 13 following labour problems. The lockout has been declared following a stand-off between the club management and ...
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ALLIANCES & JOINT VENTURES
Fortis Health inks Rs 87-cr pre-IPO deal
Fortis Healthcare has announced a pre-IPO agreement with Trinity Capital (Eight) Ltd for 6 million shares for Rs 87 crore. The equity shares issued pursuant to the pre-IPO agreement shall be subject to lock-in after the completion of the IPO, ...
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HPCL, OIL may ink pact for work in hydrocarbon chain
Commercial, technical aspects of cooperation examined by experts
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OUTLOOK
Reliance Industries keen on city gas distribution
The group will invest Rs 18,000 cr for pipeline from Kakinada
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ONGC plans to acquire ultra deepwater rig
Suitable for drilling activity in depths exceeding 1,000 m
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Knowledge Centre DuPont to invest Rs 100 cr
DuPont, the US-based science-based products and services company, has announced that it is open for alliances in research and product development at the new facility, the sixth major one for the company, it planned here. The company is going to ...
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ONGC keen to support oil recovery projects
Sequel to NGRI's pilot initiative in Masana region
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PERFORMANCE
Tata Motors' Ace touches one-lakh mark
Tata Motors rolled out its 1,00,000th Ace, its mini-truck, 20 months after its launch, from the company's Pune plant. It was flagged off by Mr Ratan Tata, Chairman, Tata Motors. The Ace, suitable for urban and rural use, is powered by a small ...
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