CORPORATE
ACCIDENTS
Orient Press fire loss
Orient Press Ltd has informed that a major fire broke out at the company’s factory located at Silvassa in the carton division on April 25. The estimate of the loss of the fixed assets and stocks is being worked out, but at present it is ...
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ANNOUNCEMENTS
Mahindra setting up service outlets at Rs 250 cr
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ACCOUNTING STANDARDS
ICAI board okays AS-32
The ICAI’s Accounting Standards Board (ASB) has cleared the proposed accounting standard on disclosure of ‘financial instruments’ (AS-32). This standard would now be considered for final approval by the central council of the ...
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PREFERENTIAL ALLOTMENTS
M&M board meeting
Mahindra & Mahindra Ltd has informed that a meeting of the board of directors will be held on May 3 to consider a proposal from prospective investor(s) for private placement of securities by way of preferential issue at a price to be ...
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INVESTMENTS
Reliance Power puts IPO money in MFs
Mumbai, April 28 Reliance Power Ltd, which raised Rs 11,562 crore in its IPO in January last, has temporarily parked almost the entire money in mutual funds. The 2007-08 financial results declared by the company on Monday show that Rs ...
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DIVIDEND ANNOUNCEMENT
Phillips Carbon Black declares 40% dividend
Kolkata, April 28 The board of directors of RPG Enterprises group’s company Phillips Carbon Black Ltd (PCBL) has recommended a dividend of 40 per cent for the year ended March 31, 2008. Last year, the company had declared a dividend of ...
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DERIVATIVES MARKETS
Wockhardt’s mark-to-market hit of Rs 28 cr takes net down 23%
Hedging interest for 50% of long-term loans
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NEW PROJECTS
Dawnay Day plans hotels in South
Dawnay Day Hotels India plans to soon open four-star category hotels in Bangalore, Chennai, Coimbatore and Nagpur, the Managing Director, Mr Madeep S. Lamba, announced on Monday. In an informal interaction with newspersons, Mr Lamba said the ...
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Pilkington auto glass unit to go on stream in Nov
The construction of Pilkington Automotive’s new project in Visakhapatnam district is well advanced and the unit is likely to go on stream in November, according to Mr Pat Zito, President of Pilkington Automotive Worldwide and Executive ...
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OVERSEAS INVESTMENTS
Suchirindia bags project in Colombo
Hyderabad, April 28 Suchirindia, a Hyderabad-based real estate developer, in collaboration with NEB Rapid Infrastructure and the Sri Lankan Government will implement a $255-million twin tower project in Colombo. A special purpose ...
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ALLIANCES & JOINT VENTURES
Ma Foi joins hands with Global Adjustments
Chennai, April 28 Ma Foi Management Consultants Ltd, a HR company, and Global Adjustments Services Pvt Ltd, a cross-cultural services company, plan to combine their service offerings for their global clients.Ma Foi will offer HR ...
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NTPC-BHEL venture eyes equipment manufacturing
Vizag, Pune, Bengal among sites under consideration
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Deutsche Bank arm to invest $1b in realty, infrastructure
Plans joint venture with Nagarjuna Group co for Hyderabad project
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INTERVIEW
ONGC in drive to enhance hydrocarbon output
New Delhi, April 28 ONGC, which has been under pressure to enhance oil and gas production from its existing fields, including marginal fields, has chalked out a strategy to try and add more than one billion tonnes of in-place reserves during ...
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OUTLOOK
Toyota-Kirloskar may launch new vehicle
Multi-purpose model with Innova’s engine
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