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PREFERENTIAL ALLOTMENTS
Electrotherm to raise Rs 300 cr
Electrotherm (India) Ltd’s (EIL) decision to take the Qualified Institutional Placement (QIP) route to raise Rs 300 crore has been cleared by the shareholders at the EGM held on Friday. In a communication to the NSE, EIL has said that the ...
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JSW Steel allotment of shares
The share allotment committee of JSW Steel has allotted 15 lakh equity shares of Rs 10 each, fully paid up, to Mr Sajjan Jindal, Vice-Chairman and Managing Director, and 65 lakh shares (of Rs 10 each) to JSW Investments Pvt Ltd (formerly Samarth ...
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DIVIDEND ANNOUNCEMENT
SCI pays Rs 101.78 cr interim
Shipping Corporation of India (SCI) today paid Rs 101.78 crore to the Government as interim dividend for the 2007-08 fiscal. According to an official release, the Minister for Shipping, Road Transport and Highways, Mr T.R. Baalu, received the ...
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NEW BUSINESS
KMB-Era gets Delhi Metro order
KMB-ERA JV, of which Era Infra Engineering Ltd (EIEL) is a partner, has secured a contract from Delhi Metro Rail Corporation Ltd (DMRC) for designing and construction of Dwarka, Sector- 21 underground station, approach cut & cover tunnel and ...
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Bombardier gets $137-m order from Delhi Metro
New Delhi, March 28 Bombardier Transportation, on Friday, announced that it has received an order for supplying 84 metro coaches from the Delhi Metro Rail Corporaton Ltd (DMRC), valued at about $137 million. This order follows a contract ...
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OUTSOURCING
Italian brand Canali mulls sourcing fabric from India
Italian luxury menswear and accessories brand Canali is mulling the possibility of sourcing high quality fabric from India, even as it is planning to launch eight mono-brand stores by 2010.The company is, however, moving ahead with ...
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AWARDS & HONOURS
Sakthi Masala Director gets Puraskar award
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CONSULTING
Haworth creativity centre opens in Pune
Will develop tools for workplace design solutions
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RESTRUCTURING
Nagarjuna Fertilisers exits from mega power project in Udupi
Sells its 26% stake to Lanco Group
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ICI India to sell adhesives biz to Henkel’s Indian arm
Chennai, March 28 ICI India Ltd has decided to sell its adhesives business to an Indian affiliate of the Henkel group of Germany for Rs 260 crore.In a communication to the stock exchanges, ICI India has said that its board of directors ...
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LGB's shareholders okay demerger
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MERGERS & ACQUISITIONS
Tata-Ford deal may not help new vendors
New Delhi/Chennai March 28 Hailed for creating the world’s cheapest car Nano, Tata Motors may not be able to immediately replicate the success in turning around Jaguar and Land Rover. Tata Motors, along with its component makers, ...
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Telcon to acquire 79% in Spain’s Serviplem
Mumbai, March 28 Telco Construction Equipment Company Ltd (Telcon) has signed an agreement with the shareholders of Serviplem S.A., Spain for the acquisition of 79 per cent stake in the company. The existing owners of Serviplem will continue ...
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NEW PROJECTS
Tata Chem bio-fuel plant to be operational by year-end
Eco impact study on Tanzania project
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Bannari Amman-Brandot launches apparel plant
Will produce innerwear for specialty brands, global retailers
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ALLIANCES & JOINT VENTURES
Bharat Oman Refineries public offer likely in July quarter
Mumbai, March 28 The long-awaited Bharat Oman Refineries Ltd’s (BORL) initial public offering is likely to hit the market in the second quarter of the coming fiscal.BORL would be raising Rs 2,400 crore, 50 per cent of which would ...
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OUTLOOK
Amtek Auto puts potential hedging loss at $18 m over 2 years
Coimbatore, March 28 Amtek Auto Ltd (AAL) has put the potential loss due to fluctuations in currency markets at about $18 million in the next two years.But the company is confident of mitigating the impact of the currency turmoil and ...
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Maruti to review 800 model after Nano launch
At Rs 1.92 lakh, Maruti is the cheapest small car now
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