CORPORATE
ANNOUNCEMENTS
GM offers Spark at Rs 2.66 lakh
General Motors India has said it would offer Spark at a price of Rs 2.66 lakh onwards (ex showroom New Delhi) as against the earlier price of Rs 2.89 lakh for its base model. The company said that it was mainly due to increased production ...
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Brigade wins bid for BPL arm’s land
Real estate developers Brigade Enterprises has won an auction for 10.5 acres of land of Electronics Research Ltd (ERL), a division of BPL, on Old Madras Road, Bangalore. The bid was conducted by Pegasus Assets Construction Pvt Ltd and Deutsche ...
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PREFERENTIAL ALLOTMENTS
IFC invests $15m in Hikal
The International Finance Corporation (IFC), a member of the World Bank group, has agreed to invest $ 15 million (about Rs 64 crore) in Hikal by way of equity participation. The investment is to support expansion plans of the company, a Hikal ...
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CORPORATE DISPUTES
Reliance calls RCom for talks on MTN bid
Reliance Industries Ltd has called Reliance Communications for conciliatory talks on the issues related to the sale of RCom's stake to the South African telecom major MTN, a spokesman for RIL today said. RIL has sent a letter to bothMTN board ...
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DIVIDEND ANNOUNCEMENT
Country Club’s tally hits 50
Hyderabad, July 3 Country Club India Ltd (CCIL) has completed 20 acquisitions this current calendar year including an international property in Dubai. This has taken the total tally of clubs owned and managed by CCIL to 50. The ...
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NEW BUSINESS
Punj Lloyd bags GVK Power order
Engineering major Punj Lloyd Ltd on Thursday announced it has bagged a Rs 1,005-crore contract from GVK Power Ltd. Under the contract, Punj Lloyd would execute the balance of plant work (BOP) and the civil work for the 540 MW Govindwal Sahib ...
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CONSULTING
BEL signs up KPMG for growth strategy
Scouting for project proposals for new biz
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MERGERS & ACQUISITIONS
Clarification
With reference to the news report captioned ‘Caterpillar eyeing Hindustan Motors arm’, published in the edition dated July 2, Mr Sudhir Rao, Managing Director of AVTEC Ltd, has denied that there are any discussions between AVTEC ...
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NEW PROJECTS
Suzlon to invest Rs 4,000 cr in Tamil Nadu
Chennai, July 3 Suzlon Energy Ltd plans to invest over Rs 4,000 crore in Tamil Nadu to set up a cluster of production facilities for manufacture of wind turbine generators and related components at the SEZ being set up by Suzlon ...
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Greenply to invest Rs 370 cr in 2 new units
Plants to come up in Uttarakhand, Himachal
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Nakoda Textiles plans Rs 333-cr capex
Ahmedabad, July 3 With polyester demand expected to grow over the next few years, manufacturers such as Nakoda Textiles Industries Ltd are gearing up to increase the production and refine processes.“The demand for polyester has ...
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OVERSEAS INVESTMENTS
Carborundum Universal to buy 51% in Foskor
Chennai, July 3 Carborundum Universal Ltd has entered in to an agreement with Foskor (Proprietary) Ltd of South Africa to acquire 51 per cent equity stake in Foskor Zirconia (Proprietary) Ltd.A press release from the company said ...
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Reliance Capital sets up arm for UK operations
Kolkata, July 3 Reliance Capital Asset Management Company has set up a wholly owned subsidiary for its UK operations. The subsidiary would start operations after six months, Mr Vikrant Gugani, CEO of Reliance Capital Asset Management ...
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Tata Daewoo posts higher profits, turnover
Increases market share in CV segment
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WORK LIFE
It’s Fun@Work for Satyam staff
Hyderabad, July 3 IT services provider Satyam Computer on Thursday announced the launch of SatyamStarPower.com, a web portal designed to showcase the creative talent of its globally dispersed workforce.Referred to as Fun@Work, the ...
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DIVERSIFICATION
Siemens to make metro, train coaches in India
Pune, July 3 Engineering and electrical goods major Siemens may soon set up a facility to manufacture coaches for trains and metros in India, thereby launching a completely new business segment in the country. According to highly ...
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OUTLOOK
CRI Pumps eyes growth in global market
‘No plans to go public over the next two years’
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Cairn to start drilling campaign in northern Bihar
Kolkata, July 3 Cairn India will launch exploratory drilling campaign in its onshore block GV-ONN-2002/1 in northern Bihar after the monsoon. The company has already lined up a rig to drill the first well at Havidih under the Baheri ...
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PEOPLE
HMA office-bearers
Mr C. Sudhir Babu and Mr Naresh Chandra Gelli have been elected as the President and Secretary of the Hyderabad Management Association (HMA) for 2008-09. Mr Challa Kodanda Ram (Vice-President), Ms B. Rajya Lakshmi (Joint Secretary) and Mr Ravi ...
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