CORPORATE
ACCIDENTS
BHN mishap: ONGC gets Rs 864 cr as final claim
ONGC on Tuesday received Rs 864 crore towards final and overall payment of all insurance claims for the BHN accident against the corporation's offshore package. In a statement, the company said that with this settlement, the total amount ...
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ANNOUNCEMENTS
Tata Steel supports iron ore export tax
The Managing Director of Tata Steel, Mr B. Muthuraman, has come out in support of the Finance Ministry's proposal to impose an export duty of Rs 300 per tonne of iron ore exports. In a statement issued today, Mr Muthuraman ...
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Surya Roshni launches new range
Manufacturer of lighting products — Surya Roshni — has introduced a new range of tubelights in the city. Mr B.D. Agarwal, Chairman, said the company's products were certified by the Bureau of Energy Efficiency under ...
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PRIVATE PLACEMENT
Delhi Assam Roadways raises Rs 45 cr from IDFC
The company recently signed a concession agreement with the Indian Railways for operating container trains.
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PREFERENTIAL ALLOTMENTS
IDFC fund to invest in Sical Logistics
IDFC Private Equity Fund II intends to invest Rs 110 crore in Sical Logistics Ltd, a press release from Sical says. The investment will be made by subscription to a preferential offer of shares to the fund, the release says. Alongside, Sical ...
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CORPORATE DISPUTES
Reliance terminates drilling pact with Aban
Aban's arm disputes right to terminate the deal
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Ranbaxy faces legal action from Pfizer
Ranbaxy faces a legal suit from Pfizer for its plans to launch a generic version of the cholesterol and blood pressure drug, Caduet. India's largest drug maker is seeking US approval to sell its own version of Pfizer's Caduet, a combination of ...
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DIVIDEND ANNOUNCEMENT
Dabur announces 75% interim
The board of directors of Dabur India Ltd on Tuesday announced an interim dividend of 75 per cent for 2006-07, on the enhanced capital (post-bonus issue). With this, Dabur India has announced a total dividend of 213 per cent for ...
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AWARDS & HONOURS
Hindustan Paper Corpn awarded
Hindustan Paper Corporation (HPC) Ltd has won the MoU Excellence Award for performance during the financial year 2005-06. Mr Raji Philip, Chairman and Managing Director of HPC and Chairman of Hindustan Newsprint Ltd (HNL) ...
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CONSULTING
SITI sets up recruitment centre in Hyderabad
SITI Corporation has announced the opening of its new Offshore Recruiting Centre (ORC) in Hyderabad to augment its growing business and demand for its Talent Management Products. The new facility can accommodate about 300 people. SITI offers ...
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GENDER
Women managers' meet on March 24
MMA annual event to take place on March 24
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HUMAN RESOURCES
High attrition: Oil PSUs ask Hewitt for `benchmark study'
`Disparity in compensation packages'
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MERGERS & ACQUISITIONS
Havell's buys Sylvania's lighting biz for $300 m
Biggest overseas takeover by Indian electrical equipment co
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Geojit Securities is now Geojit BNP Paribas Financial services
`No delisting plans even post-offer period'
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Ranbaxy bids for Merck's generic business
Company maintains that it will not enter a `rat race'
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NEW PROJECTS
Honda Siel's Rajasthan unit may become operational by 2010
Facility likely to roll out small cars
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OVERSEAS INVESTMENTS
KIMS sets up medical centre in Afghanistan
Afghanistan's capital city Kabul is all set to get Indian medical expertise, with some of the latest diagnostic facilities in place. The Hyderabad-based, multi-speciality hospital group KIMS has established a full-fledged medical diagnostic ...
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TRADE & LABOUR UNIONS
Strike at Hind Motor's Uttarpara plant continues
Reports say one of the five registered trade unions went on strike to protest against alleged non-payment of salary.
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ALLIANCES & JOINT VENTURES
ITC, Rajasthan tie up for watershed development
It will focus on efficient water use, agri-marketing, micro credit, etc.
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`NTPC-TELK joint venture this month'
A joint working committee, which is looking into the modalities for the venture, will submit its report by the month-end.
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Maruti, UTI Bank tie up for car loans
UTI Bank and Maruti have tied up for providing car finance. "The bank will be utilising Maruti's extensive dealer network for marketing its car loans, while Maruti will jointly conduct campaigns for customers of UTI Bank," a bank ...
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SICK UNITS
`Allow sick tea cos to access special purpose fund'
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OUTLOOK
Dabur to invest Rs 140 cr in health & beauty retail venture
To open 350 stores by 2010
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ECONOMIC OFFENCES
3 remanded to custody for tax evasion
The Directorate General of Central Excise Intelligence (DGCEI) has detected a significant evasion of central excise duty and misuse of Cenvat credit scheme by three aluminium extrusion manufacturers headquartered in Hyderabad. The Hyderabad ...
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