CORPORATE
OPEN OFFERS
TV Today shareholders shun Reliance Cap’s open offer
Only 200 shares were tendered
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CORPORATE DISPUTES
Ambanis court battle centres on production sharing contract
Mumbai, Aug. 3 The production sharing contract (PSC) between the Reliance Industries Ltd and the Union Government for the KG basin gas field has become the main pivot of argument in the ongoing legal battle between the Ambani ...
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OVERSEAS BORROWINGS
Gayatri Projects closes FCCB issue
Gayatri Projects Ltd closed the issue (zero coupon FCCB) of ¥3,080 million direct, unsubordinated, unsecured zero coupon convertible bonds due in 2012. The issue was fully subscribed, according to a release. The company had decided to issue ...
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NEW BUSINESS
Apollo wins bid for airport centre
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COURTS/LEGAL ISSUES
Kolkata company restrained from using ‘Eyelex’
Chennai, Aug. 3 The Madras High Court has issued an order restraining Hahnemann Laboratory Pvt Ltd, Kolkata, from using the mark ‘EYELEX’ in a manner infringing the registered trademark of the Chennai-based Arvind Laboratories, viz ...
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CREDIT RATING
‘Triple A’ doesn’t enthuse Ashok Leyland
Chennai, Aug 3 Though a blue chip, Ashok Leyland is only an ‘AA’ rated company. Its Chief Financial Officer, Mr K. Sridharan, says that the company will not strive for ‘AAA’ rating.The ‘AAA’ rating ...
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OVERSEAS INVESTMENTS
Tata Steel to buy 35% in Australian co Riversdale’s Mozambique Coal Project
Tata Steel is to acquire a 35 per cent stake in Riversdale’s Mozambique Coal Project, located in the Tete province of Mozambique, for A$100 million.For this, Tata Steel and Riversdale Mining Ltd, Australia, a company listed on the ...
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ALLIANCES & JOINT VENTURES
DaimlerChrysler looks for potential partners in India
Dr Wilfried Aulbur, Managing Director and Chief Executive Officer, DaimlerChrysler India Pvt Ltd (DCIL), has stated that the company is looking at the Indian market and potential partners for the opportunities that it offers in the commercial ...
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DIVERSIFICATION
Reliance Ind weighs $6-b semi-conductor foray
Manufacture of silicon chips, liquid crystal display units
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OUTLOOK
RIL pegs 3 tcf gas from North-East coast block
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Clouds loom over ONGC’s ‘digital oil field’
Co yet to appoint new contractor, has to sort out issues with Clough
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Indian Hotels shifting to ‘rupee tariff’
New structure will be adopted from September
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Daimler ties up with ICICI Bank
Pune, Aug. 3 To make the Mercedes Benz more affordable to its customers, DaimlerChrysler has tied up with ICICI Bank. ‘Star choice’ is being offered to customers with three options — financing at 9.9 per cent interest rate, ...
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PEOPLE
HPCL gets new HR director
Mr V. Vizia Saradhi assumed charge as the Director, Human Resources, of the HPCL on Friday. According to a press release issued by the HPCL here, Mr Saradhi graduated in science from Andhra University and obtained a post-graduate degree in ...
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New GE Energy India head
GE Energy has announced the appointment of Mr Kishore Jayaraman as the Region Executive for India. Mr Jayaraman, an 18-year GE veteran, has had been leading GE Energy's Power Generation sales activity for the region. "In his new role, Kishore ...
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