CORPORATE
ANNOUNCEMENTS
Reliance makes another find in Krishna basin
Mumbai, April 1 Reliance Industries Ltd (RIL) said it has made another gas discovery in an exploratory block (KG_DWN_2003/1) in the Krishna basin. This block, awarded under the New Exploration and Licensing Policy-V, is situated 45 kms ...
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PRIVATE PLACEMENT
Gati share allotment
The board of directors of Gati Ltd has allotted 24.93 lakh equity shares of Rs 2 each at Rs 88 a share to Mahendra Investment Advisors Private Ltd on conversion of as many convertible warrants allotted to it two years ago, a company statement ...
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PREFERENTIAL ALLOTMENTS
Heritage Foods pref allotment
The board of directors of Heritage Foods India Ltd has allotted 5.39 lakh equity shares of Rs 10 each at Rs 256 to Ms N. Bhuvaneswari, Vice-Chairman and Managing Director of the company, on preferential basis. This was done on conversion of as ...
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OVERSEAS BORROWINGS
Reliance Petro to raise $500 m
Mumbai, April 1 Reliance Petroleum will raise $500 million (about Rs 2,000 crore) for its new refinery coming up in Jamnagar in Gujarat, the company said in a statement to the stock exchanges.The company, which is a subsidiary of ...
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IPR
DuPont’s IP strategy
Builds division on out-licensing segment
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RESTRUCTURING
Glenmark re-organisation implemented
Generics revenues seen at $ 225 m in FY 09
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MERGERS & ACQUISITIONS
Videocon eyeing Motorola’s handset biz
New Delhi, April 1 World’s third largest mobile handset brand Motorola could soon have an Indian owner. Consumer durables major Videocon has sent an expression of interest to Motorola for buying out the US-based company’s troubled ...
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Suryavanshi Spinning allots shares
The board of Suryavanshi Spinning Mills Ltd has allotted 41.62 lakh shares of Rs 10 each to the shareholders of Suryavanshi Textiles Ltd in the ratio of 54:100 (54 shares for every 100 shares of Suryavanshi Textiles). The move follows the scheme ...
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RFCL acquires German co
RFCL Ltd, an ICICI Venture company, has announced its first global acquisition in the space of veterinary health care through a share purchase agreement with Marsung & Co Ltd A/S for its Germany-based subsidiary Bremer Pharma GmbH. Bremer ...
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Sanmar buys US foundry co
The Chennai-based Sanmar group today announced that it had acquired Matrix Metals LLC, a US-based speciality steel castings company that has two foundries in the US and one in Mexico. Sanmar has acquired it for an undisclosed sum from ...
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IMPACT
Dowpharma deal: Positive for Dr Reddy’s
To get manufacturing and R&D fillip
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NEW PROJECTS
Gujarat Ambuja’s new plant goes on stream
Ahmedabad, April 1 Gujarat Ambuja Exports Ltd (GAEL) has announced the commencement of commercial production at its new maize processing plant of 500 tonnes per day (TPD) capacity in Uttrakhand.GAEL is present in all the segments of ...
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OVERSEAS INVESTMENTS
Dr Reddy’s acquires Dow’s molecule biz
Third acquisition in the last three years
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Synchron buys French co facility
Synchron Research Services has acquired the stand-alone bio-analytical and bio-marker facility of Parexel International in France for nearly $ 6.7 million. At the same time, Parexel has increased its stake in Synchron from 19.5% to 31%, according ...
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ALLIANCES & JOINT VENTURES
Emaar MGF ties up with Marriott
Emaar MGF is partnering Marriott International Inc, the international hospitality company, to design, construct and equip luxury-branded JW Marriott Hotels in New Delhi, Hyderabad, Kolkata and a ‘Courtyard by Marriott’ hotel in ...
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Regulatory board notifies criteria for city gas projects
Selection through open bidding process
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DLF, Hilton sign management pacts
DLF and Hilton Hotels Corporation in India on Tuesday announced that they have signed management agreements involving seven new hotel developments in the pipeline. This marks the second phase in the DLF-Hilton JV company’s overall strategic ...
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OUTLOOK
Samsung looking at doubling exports
Consumer durables major Samsung India is looking at doubling its exports for the year even as the company expects a 30 per cent growth in its revenue backed by new launches.The Indian arm of the Korean digital major is also bracing to ...
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Sabols Foods plans to invest Rs 25 cr in production facilities
Eyeing a bigger pie in the Rs 2,000-crore packaged water market in the country, Sabols Foods India Pvt Ltd, the Coimbatore-based company, has decided to invest Rs 25 crore in the next two years to set up production facilities in States such as ...
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118% capacity utilisation at SAIL
Steel Authority of India Ltd (SAIL) has produced a record 13.04 million tonnes (mt) of saleable steel during fiscal 2007-08. The company has achieved a capacity utilisation of 118 per cent. Production of hot metal and crude steel during the year ...
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S Kumars to boost home textile biz
Mumbai, April 1 Keeping in line with the strategy to significantly enhance its share in the domestic home textile market, S Kumars Nationwide Ltd (SKNL) will bring two international home textile brands to India and is expanding capacity at ...
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Compact Disc expects to gain $249 m from movie projects
New Delhi, April 1 Compact Disc India, the animation outsourcing company, is expecting earnings of about $249 million from its existing film projects. Reported to be the largest Asian animation company, CDI is also listing its production ...
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