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DIVIDEND ANNOUNCEMENT
AP Paper Mills to pay Re 1
Andhra Pradesh Paper Mills Ltd has told the BSE that its board at a meeting today has recommended a dividend of Re 1 per share on 2,57,33,555 equity shares of Rs 10, including equity shares allotted on April 11, 2007 aggregating to Rs 2,57 crore ... More

BEL dividend

Bangalore, June 27 The Bharat Electronics Ltd board has recommended a final dividend of 140 per cent (Rs 14 per equity share of Rs 10 each) in addition to the interim dividend of 40 per cent paid in February 2007. ... More

AWARDS & HONOURS
IBM tops in domestic IT services: IDC

Bangalore, June 27 IBM said on Wednesday that analyst firm IDC has positioned it as the market leader in the Indian domestic IT services market for 2006.

IBM Global Services has continued to retain the top slot in the market with 9.7 per ... More

MANAGEMENT
Communication is in. Or is it?
Internal communication is no rocket science. But it is strategic and acute to any company’s success. More

CORPORATE BONDS
Strides completes bonds allotment
Strides Arcolab Ltd has informed the BSE that it has completed the issue and allotment of $100-million zero coupon convertible bonds due in 2012. The bonds have been issued at an initial conversion price of Rs 461.553 per share with a fixed rate ... More

MERGERS & ACQUISITIONS
Jaiprakash Group acquires Malvika Steel for Rs 207 cr
To invest Rs 1,200 cr in plant’s revamp More

Tata Power completes Indonesian acquisition
Bridge loan facility worth $950 m for one year More

NEW PROJECTS
Daimler re-enters commercial vehicle space; no truck with Tatas
More

Punj Lloyd chalking out drilling rigs biz foray

New Delhi, June 27 Punj Lloyd is looking to take on board consultants from the US for its foray into the drilling rigs business, for which it has set up a new subsidiary, Punj Lloyd Upstream Ltd.

It has earmarked an equity investment of ... More

PTC India plans Rs 1,200-cr share sale to fund expansion
More

ALLIANCES & JOINT VENTURES
Caryaire ties up with US-based Tomkins Group cos

New Delhi, June 27 Air distribution and management firm Caryaire Equipments Pvt Ltd has formed a 50:50 joint venture with the US-based Tomkins Group companies, Titus and Ruskin, to manufacture and market air system components in the ... More

OUTLOOK
Bata eyes 17% growth in turnover
Plans 200 new outlets in next two years More

IndianOil may post higher gross refining margin

Kolkata, June 27 IndianOil is set to post a higher gross refining margin of over $10 a barrel during the first quarter of this fiscal. The company recorded an average margin of $9 a barrel during the corresponding period last year. ... More

Relisys Medical mulls contract manufacturing
Invests Rs 30 cr in catheter making facility More

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SE Diary
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