CORPORATE
ANNOUNCEMENTS
SCI extends date for Panamax buy bid submission
New Delhi, Sept. 1 Following requests from prospective bidders, Shipping Corporation of India (SCI) has decided to extend the last date for bid submission for acquisition of four Panamax size bulk carriers. Friday was the last date for ...
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Timken launches bearings range for textiles industry
Timken India Ltd, a major player in the bearings market, has decided to take on rivals like SKF by launching the bearings range required by the textile industry in Coimbatore before introducing the products nationwide.The company ...
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West Coast Paper’s stock split
West Coast Paper Mills Ltd has approved raising Rs 150 crore from overseas or domestic markets in addition to sub-dividing equity share of Rs 10 each into five equity shares of Rs 2 each. The shareholders took the decisions at the company’s ...
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PRIVATE PLACEMENT
PE on prowl
The Board of Directors of Nagarjuna Construction Company has accorded its in-principle approval for issue of two crore shares and 91 lakh convertible warrants, aggregating to Rs 615 crore to the US-based private equity giant Blackstone ...
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NEW BUSINESS
NHAI signs pact with Jaiprakash Associates
New Delhi, Sept. 1 National Highways Authority of India (NHAI) has signed an agreement with Jaiprakash & Associates for widening a 28.69 kilometre highway spread across Punjab, Haryana and Himachal Pradesh. The concession period for ...
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IPR
TVS infringing on proprietary know-how: Bajaj Auto
Mumbai, Sept. 1 Bajaj Auto, which developed the Digital Twin Spark Ignition (DTSi) technology for two-wheelers, is alleging that TVS Motor Company is using the same technology in its recently launched 125-cc TVS Flame motorcycle and thereby ...
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No violation, says Venu Srinivasan
Chennai, Sept 1 Mr Venu Srinivasan, Chairman and Managing Director, TVS Motor Company, said that TVS was a “principled company” and would not do anything unethical. “We believe we have not violated anybody’s ...
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MERGERS & ACQUISITIONS
Kenexa acquires German consultancy
Hyderabad, Sept. 1 Kenexa Corporation has announced it has acquired Germany-based HRC Human Resources Consulting GmbH. The financial details of the transaction were, however, not disclosed.Headquartered in Munich, HRC Human Resources ...
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Radio waves
Sun TV Network through its subsidiary — South Asia FM — has picked up about 49 per cent stake in Red FM to further its FM Radio broadcasting business in the North, West and East Indian ...
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NEW PROJECTS
Anil Products to expand capacity
Ahmedabad, Sept. 1 The Ahmedabad-based leading starch-maker Anil Products Ltd will invest Rs 60 crore to increase its daily production capacity from 450 tonnes to 750 tonnes by July 2008.The company, listed on the Ahmedabad Stock ...
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ALLIANCES & JOINT VENTURES
A payload of promise
Ashok Leyland-Nissan Motor alliance
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INTERVIEW
‘India needs a council of corporate valuation professionals’
Standardised approach needed for quality of service: ICWAI chief
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DIVERSIFICATION
True call
Real estate major Parsvnath Developers has submitted applications to the Department of Telecom for providing Unified Access Services in 22 telecom circles. ...
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PEOPLE
BHEL appoints new directors
As part of new appointments at Bharat Heavy Electricals Ltd, Mr B. Prasada Rao has taken charge as Director-Industrial Systems and Products and Mr Anil Sachdev has assumed office of Director-Personnel. Mr Rao was heading the company’s ...
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