CORPORATE
ANNOUNCEMENTS
Sanwaria Agro plans stock split
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OVERSEAS BORROWINGS
Indowind issues Rs 118-cr FCCBs
Mumbai, Dec. 26 Indowind Energy Ltd, a wind power company, has issued $30 million (about Rs 118 crore) of foreign currency convertible bonds (FCCBs) with an option to raise an additional $5 million. The proceeds of the issue will be ...
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NEW BUSINESS
L&T bags Oman contracts worth $79.7 million
Mumbai, Dec. 26 Larsen & Toubro (Oman) has received two contracts totalling $79.71million (Rs 315.20 crore), from Dhofar Power Company and Muscat Electricity Distribution Company for commissioning of electrical sub-stations and other work ...
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Gemini Comm bags Rs 260-cr BSNL order
Chennai, Dec. 26 Gemini Communication Ltd has partnered with the Chennai-based Midas Communication Technologies to execute the EDWAS project (broadband corDECT) for BSNL in Tamil Nadu, Karnataka and Haryana. The order is worth around Rs 260 ...
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Kilburn bags order from Deepak Fert
Kilburn Engineering Ltd said on Wednesday that it got an order worth Rs 10.05 crore to supply dryer and coating drums to Deepak Fertilisers & Petrochemicals Corp. The total order book stands at Rs 74.53 crore, Kilburn said in a statement. ...
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OUTSOURCING
Soon on the outsourcing list: Pizzas
MADE IN INDIA
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TAXATION
No new entrants in top 10 advance taxpayers’ league
Second instalment payments rise 38%; SAIL, IOC move up
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IPR
Minda Ind files for 10 patents
Plans to step up investments in research
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RESTRUCTURING
Sundaram-Clayton to complete brakes biz demerger by Feb
Hived off unit to be part of WABCO-TVS
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MERGERS & ACQUISITIONS
Videocon goes it alone in second bid for Daewoo Elec
‘May team up with US co Ripplewood Holdings later’
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OVERSEAS INVESTMENTS
VSNL sells stake in Lankan unit
The city based Videsh Sanchar Nigam Ltd (VSNL) said on Wednesday that it has sold 10 per cent of the paid up capital in its wholly owned subsidiary VSNL Lanka Ltd for 75 million Sri Lankan rupee (Rs 2.72 crore)to Sunshine Holdings PLC. Sunshine ...
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REGULATORY BODIES & RULINGS
M&A approvals: Queues may soon get shorter
CCI moots slab on quantum of shares
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ALLIANCES & JOINT VENTURES
Reliance, IOC to go slow on city gas venture
Await final guidelines from regulatory board
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EVENTS
Global management meet
A three-day, international conference on management, on the theme of ‘Globalisation: Opportunities and Challenges’, will begin here tomorrow. IBS Ahmedabad, the business school of ICFAI, is organising the event, called IBSA.ICON 2007, ...
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SOCIETY & DEVELOPMENT
ONGC pays Rs 45-lakh interim relief to Gamanpura villagers
Ahmedabad, Dec. 26 Oil and Natural Gas Corporation (ONGC) has paid Rs 45 lakh as interim relief to the villagers of Gamanpura in Mehsana district of Gujarat who have been affected recently due to water and air gushing from a few shallow tube ...
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DIVERSIFICATION
XL Telecom building solar farms in Spain, Portugal
To invest Rs 1,000 cr in the forward integration project
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OUTLOOK
QAI plans hiking India headcount
Focus on specific industry verticals
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German major Hansgrohe to reinvent bathrooms
Investing Rs 5-6 cr for marketing, branding operations
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Uflex plans to raise FII limit
Packaging firm Uflex Ltd said on Wednesday that its board would meet on December 27 to consider increasing foreign institutional investors (FIIs) investment limit in the company. The board meet would also consider an issue of equity shares on a ...
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