CORPORATE
OVERSEAS BORROWINGS
Twinkle in gems
Gitanjali Gems has raised $180 million (approximately Rs 720 crore) through an issue of Global Depositary Receipts. The net proceeds shall be utilised for expansion of new and existing businesses, including acquisitions, investment in ...
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Aviation cos top list of overseas borrowers
$10,377-million ECBs raised by six sectors in April-October
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DIVIDEND ANNOUNCEMENT
ONGC declares 180% interim dividend
New Delhi, Dec. 22 State-owned Oil and Natural Gas Corporation Ltd (ONGC) on Saturday declared 180 per cent interim dividend amounting to Rs 3,850 crore. “In absolute terms, this interim dividend works out to a pay-out of Rs 3,850 ...
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ESOPS
CBDT’s circular belies India Inc’s hopes
Tax deduction of fringe benefits
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HUMAN RESOURCES
Coke’s global corporate university to create learning benchmarks
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RESTRUCTURING
SQL Star rejigs operations
Hyderabad, Dec. 22 Technology education and services provider SQL Star International has restructured its business operations to lay thrust on two key areas of customised technology training and wireless applications.The Chief ...
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NEW PROJECTS
Kanoria Chemicals setting up Rs 150-cr unit in Vizag
Kolkata, Dec. 22 Kanoria Chemicals & Industries is setting up a Rs 150-crore manufacturing plant at Vizag, its third in the country, and is also looking at a greenfield opportunity overseas.The Chief Financial Officer, Mr N.K. ...
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Eaton to expand Pune engineering centre
Mumbai, Dec. 22 Eaton Corporation has rolled out its plans for expanding its engineering centre in Pune, making it a strategic hub for the company’s global operations. The centre will mainly look into advanced automotive ...
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ALLIANCES & JOINT VENTURES
DLF in talks with Ikea for jt venture
New Delhi, Dec. 22 India’s largest real estate company DLF is understood to be in talks with international home furnishing retailer Ikea to explore the possibility of a joint venture. According to sources close to the development, ...
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PEOPLE
A product of Indian education, US mentoring
Chennai, Dec. 22 It’s good to be home, albeit for a short time. You probably know the improbable journey of my life. It began right here in this city. I was very fortunate to be able to embark on the journey I took. With many twists and ...
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‘Incredible commodity inflation’ worries PepsiCo chief
Chennai, Dec. 22 PepsiCo India is worried about inflation, says its Chairman and CEO, Ms Indra Nooyi. “The world today is seeing an incredible commodity inflation, especially in grains and energy,” Ms Nooyi, who was here to launch ...
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