CORPORATE
ACCIDENTS
Shifting venue
A fire brigade personnel asking the Jay Shree Tea and Industries Chairman, Mr B.K. Birla (standing right), and other directors to hold the meeting a little away from the main gate of Kalamandir in Kolkata on Thursday. The ...
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RESEARCH & DEVELOPMENT
The ‘little champions’ of Groupe Danone
Winning consumers over with probiotic food
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M&M, Shell study on hydrogen transportation
Mumbai, June 28 Mahindra & Mahindra (M&M) today announced the successful completion of Phase I the joint “Pre-feasibility Study on Hydrogen-based Transportation in India” with Shell, a global energy major. The scope ...
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ANNOUNCEMENTS
Tata Steel revives titanium dioxide plant in TN
Signs pact with State Govt, to pump in Rs 2,000 cr
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PREFERENTIAL ALLOTMENTS
Ricoh to pre-close pref shares
Ricoh India will redeem prematurely the 5-lakh, 7.5-per cent cumulative preference shares of Rs 100 each on or before September 30, its board of directors decided today. “In view of the premature redemption of preference shares by ...
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NEW BUSINESS
Nagarjuna bags Rs 333 cr project
Nagarjuna Construction Company Ltd has informed the BSE that the company has been awarded the project relating to construction of Rajeev Gandhi University of Health Sciences Administrative Block, Medical College Block, 500 Bedded Hospital, 250 ...
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INSIGHT
Press Note 1: An act beyond the contract
Non-compete obligations do not survive a contract. But Press Note 1 imposes a non-compete obligation on foreign partners for a period beyond the term of the contract, exceeding what is permissible under statutory law and its interpretation. Certainly , it needs a re-look.
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RESTRUCTURING
Kesoram gains 7% on BK Birla’s announcement
‘ Succession plan to help company in long-run’
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MERGERS & ACQUISITIONS
Value of M&A in metals sector zoomed in 2006: Study
Chennai, June 28 The year 2006 saw the aggregate value of deals in the metals sector more than doubling from the previous year, according to ‘Forging Ahead,’ a PricewaterhouseCoopers study of mergers and acquisitions activity in ...
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NEW PROJECTS
Sagar Cements seeks IFC funding for expansion
Sagar Cements Ltd plans to source debt of $19 million from IFC, the World Bank arm, to part finance its Rs 300 crore expansion project in Nalgonda district of Andhra Pradesh.The Hyderabad-based company has planned Rs 100 crore equity ...
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OVERSEAS INVESTMENTS
Corporate investments abroad clock $6.4 b in Q3
The overseas investment figures serve to reinforce anecdotal evidence of Indian corporates picking up stake in steel, pharma and oil businesses overseas in recent times.
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Australia ready to aid buys by Indian steel cos
New Delhi, June 28 The Australian Government has supported the proposal from Indian steel companies to acquire equity stake in coking coal companies and to acquire coking coal properties.Mr Ian McFarlane, the Australian Federal Minister ...
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ALLIANCES & JOINT VENTURES
Bharat Electronics scouting for jt ventures
Plans to finalise first acquisition in next 9 months
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Liberalising Press Note 1 — a tough balancing act
Chennai, June 28 French group Danone’s recent plans to pursue an independent strategy in India have once again brought the issue of Press Note 1 to the fore.The time is ripe to rethink the rationale of the regulation, especially ...
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C&C, B Seenaiah venture signs agreement for NHAI project
New Delhi, June 28 A joint venture of C&C Constructions Ltd and B Seenaiah & Co (Projects) Ltd has signed a concession agreement with the National Highways Authority of India for a 44 km stretch in Kurali-Kiratpur road ...
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SICK UNITS
Rewards await CEOs for reviving Central PSUs
New Delhi, June 28 Performing CEOS or functional Directors contributing significantly to the turnaround of a sick Central Public Sector Enterprise (CPSE) are now to be rewarded.As per a decision of the Cabinet today, such functionaries ...
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SHAREHOLDER ACTIVISM
Fiat keen on sourcing components from India
Ranjangaon plant to raise efficiency by 10%
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OUTLOOK
‘Hino’s India plans will not affect Ashok Leyland’
Co to spend Rs 5,100 cr in 5 years for expansion
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Southern Agrifurane eyes overseas markets
Chennai, June 28 Just a bottler until a few years ago and a owner of a slew of liquor brands now, Southern Agrifurane Industries Ltd is now looking at overseas forays which include “acquisition of a French brand that is doing extremely ...
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