CORPORATE
OVERSEAS BORROWINGS
Ladhani ready to invest more in Air Deccan
Focus on profitability, route rationalisation
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DIVIDEND ANNOUNCEMENT
GAIL Q4 net up 66.5%
The state-owned gas transmission and marketing company GAIL (India) Ltd on Tuesday registered a 66.5 per cent increase in net profit for the quarter ended March 31, 2007. The company's net profit stood at Rs 681 crore for the ...
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NEW BUSINESS
L&T bags UAE order
Larsen & Toubro Ltd has bagged a Rs 215 crore order from the Abu Dhabi Water and Electricity Authority. The order is for supply and installation of 33 kV power cables and fibre optic cables for inter-connections between ...
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COURTS/LEGAL ISSUES
Foreign shipping companies - Impact of India-Mauritius tax treaty
A recent decision of interest to foreign shipping companies is that of the Mumbai Tribunal in UASC/CSL Ltd vs DCIT. In this case, the taxpayer, a shipping company incorporated in Mauritius, had claimed 100 per cent tax relief in respect of ...
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HUMAN RESOURCES
NCCL sets up skill training unit
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MERGERS & ACQUISITIONS
Ranbaxy concludes Be-Tabs buyout in S. Africa
Upgradation plans for acquired co in the pipeline
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Shrenuj buys 84.6% stake in US co Simon Golub
Shrenuj & Company Ltd has acquired 84.6 per cent stake in the US-based jewellery distributor Simon Golub & Sons Inc for $22.7 million (over Rs 90 crore). The deal is funded through internal accruals to the extent of $2 million, an FCCB issue
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Holcim picks up 3% more in ACC
Swiss cement major Holcim has bought an additional 3 per cent equity stake in ACC Ltd taking its stake in the Indian cement manufacturer to over 41 per cent. Holcim bought around 60 lakh shares through bulk deals, paying Rs 900 ...
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NEW PROJECTS
Shree Diesel to make silent DG sets
Shree Diesel Services (SDS) has set up a modern plant at Pirangut, for the manufacture of silent DG sets. The facility will manufacture Diesel Gensets (10-550 kVa ) conforming to the CPCB norms under the brand name "S Power". ...
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JK Tyre plans Rs 600-cr investment
Expansion across four facilities over the next 3 years
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OVERSEAS INVESTMENTS
Murugappa group exploring overseas acquisitions
For exports, raw material sourcing
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ALLIANCES & JOINT VENTURES
Tata Tea forms venture with Chinese firm Zhejiang Tea
Will hold 70% stake in the Rs 70-cr project
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BUSINESS MODELS
Syngenta develops biz model for protection of cotton varieties
Plans to extend it to DCH-32, existing Bt ELS strains
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DIVERSIFICATION
TNPL setting up mini cement plant
Tamil Nadu Newsprint and Papers Ltd plans to set up a mini cement plant using the waste products generated from its paper mill as a raw material. The company also plans to use the real estate that it owns in Chennai to set up a 4-lakh sq ft ...
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OUTLOOK
Maruti eyes commercial vehicle segment
Maruti Udyog would like to enter the commercial vehicle market in India, according to Mr Shuji Oishi, Director - Marketing and Sales of the country's largest car manufacturer. "Commercial vehicle in India was very attractive. However, we need ...
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ONGC to procure 27 rigs in next three years
Onshore crude production may be impacted in 2007-08
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Maruti working on hatchback for European market
Maruti Udyog Ltd is developing a petrol hatchback with an engine size between that of the Alto and the Swift for sale in the European market, and expects to begin exporting by the end of 2008. The new model, which will be produced at the ...
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Harley Davidson eyeing Indian market
The US based motorcycle manufacturer Harley Davidson Inc on Tuesday expressed its interest to enter the Indian market. However, considering the duty structure on importing its bikes, the company is yet to decide on a definitive time frame to ...
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