CORPORATE
OPEN OFFERS
Idea Cellular, Malaysian co make open offer for Spice
To buy up to 13.7 cr equity shares at Rs 77.30 each
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OVERSEAS BORROWINGS
External debt up 30%
More overseas borrowings by corporates
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DIVIDEND ANNOUNCEMENT
Indo Rama to pay 10% dividend
Indo Rama Synthetics (India) Ltd on Monday reported a 26.5 per cent increase in net sales during 2007-08 amounting to Rs 2,545.52 crore as compared to Rs 2,011.68 crore in the previous fiscal. The company declared a dividend of 10 per cent for ...
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NEW BUSINESS
L&T bags AP power order
Engineering and construction company Larsen & Toubro Ltd has bagged a Rs 1,557-crore order for supply of a steam turbine generator of 2 x 800 MW to Sri Damodaram Sanjeevaiah Thermal Power Station at Krishnapatnam, Andhra Pradesh. This project ...
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IMPACT
Aggressive pricing may help L&T to compete with MNCs
Co outbids BHEL to bag super critical turbine order
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MERGERS & ACQUISITIONS
Sun Pharma starts tender offer for Taro’s shares
Follow-up of Sun’s decision to make hostile bid
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NEW PROJECTS
ATC Tires plans facility in TN
Chennai, June 30 ATC Tires Pvt Ltd plans to set up a Rs 400-crore tyre manufacturing facility in Tamil Nadu.According to an official press release, ATC Tires promoted by Yogesh Agencies & Investments, a Mahansaria company, and ...
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ALLIANCES & JOINT VENTURES
GVK makes exploration entry with BHP
26 blocks in NELP VII attract multiple bids
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Spencer’s Retail to enter bakery café segment
Plans joint venture with US-based chain
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Godrej Agrovet forges joint venture with Tyson Foods
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BONUS ANNOUNCEMENTS
Madras Cements Q4 net up 14%, to give 1:1 bonus
Rs 10 share split to Re 1 each
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OUTLOOK
JSW Steel plans to invest in iron ore mines, plants
Launches retail outlet in Bangalore
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‘Hero Motorcycles, Hero Honda to compete in brands, not volumes’
125 cc bike CBF Stunner launched
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