CORPORATE
ANNOUNCEMENTS
Tata Motors hikes CV prices by 3%
Mumbai, July 1 Tata Motors, the country’s largest commercial vehicle manufacturer, has further hiked the CV prices by three per cent in less than three months. “We have hiked the prices across the entire range of commercial ...
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DIVIDEND ANNOUNCEMENT
CESC to pay 40% dividend
The board of directors of CESC Ltd has recommended a dividend of 40 per cent (Rs 4 on each equity share of the face value of Rs 10) on the paid-up share capital of the company for the year ended March 31. In a communiqué to the stock ...
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Prajay recommends 25 % dividend
The Board of directors of Prajay Engineers Syndicate Ltd has recommended a dividend of 25 per cent for the year 2007-08, the company informed the BSE on Tuesday. – Our ...
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NEW BUSINESS
BGR Energy beats BHEL to bag Rs 3,100-cr TNEB order
The Chennai-based BGR Energy Systems Ltd on Tuesday announced it had won an ‘engineering, procurement, construction’ contract from Tamil Nadu Electricity Board (TNEB). The job, worth Rs 3,100 crore, is for building a single unit of ...
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ACCOUNTANCY
Manmohan gives a push for second-tier accountants
To meet emerging demand in small, medium sectors
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MANPOWER
Bajaj offers VRS to Akurdi plant workers
Bajaj Auto Ltd has offered a separation package of Rs 5.75 lakh lump sum and a monthly payment of Rs 10,000 for 120 months as part of a voluntary retirement scheme for its workers at the Akurdi plant in Pune, according to reliable ...
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RESTRUCTURING
SBTL demerges ISP division
The board of directors of Southern Online Bio Technologies Ltd has decided to demerge its bio-diesel and ISP (Internet Services Protocol) divisions into separate entities. While the bio-diesel division would continue to be called Southern Online ...
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MERGERS & ACQUISITIONS
EDB to fund SPAN's centre
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Caterpillar eyeing Hindustan Motors’ arm
Global construction and mining equipment major Caterpillar Inc is understood to be in the final stages of striking a deal with CK Birla group to acquire its auto components arm, Avtec Ltd. Sources from vendors of both the companies ...
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EVENTS
ICAI diamond jubilee
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VENTURE CAPITAL
Emaar MGF looks at pvt equity funding
Also exploring ‘tranche approach’ for SPV-financing
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OUTLOOK
Ascendas scouts for more investment opportunities
To develop 4 SEZs in the country; eyeing new areas, including logistics
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Steel companies assure to hold prices this month
Express concern over prices going up at the retail level
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Maytas Infra eyeing industrial structures segment
Hyderabad, July 1 With the private sector offering huge opportunities, Maytas Infra has decided to give more focus on industrial structures activity. “The market has begun looking up for players other than the traditional ones. It ...
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PEOPLE
Matrix board approves MD appointment
Hyderabad, July 1 The board of Matrix Laboratories Ltd has approved the appointment of Mr Jagdish Viswanath Dore as Managing Director of the company, effective July 1, 2008. In other decisions approved by the board of directors at the ...
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