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Friday, January 04, 2008
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Markets (Jan. 3)
BSE Sensex20345.20 (-120.10)
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US Dollar39.43 (-0.03)


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CORPORATE

ANNOUNCEMENTS
Asian Electronics to raise Rs 300 cr
Asian Electronics Ltd’s board of directors has decided to raise funds up to Rs 300 crore in the form of equity/debt by means of issuance of equity/convertible debt or non convertible instruments such as equity share, preferential equity, ... More

PREFERENTIAL ALLOTMENTS
Pharmaids Pharma warrant issue
Pharmaids Pharmaceuticals Ltd has informed the BSE that a meeting of the board of directors of the company will be held on January 11 to consider the further issue of capital by way of issue of equity shares or warrants on preferential basis to ... More

Valecha Engg pref issue
CHENNAI: Valecha Engineering Ltd has informed the BSE that a meeting of the board of directors of the company will be held on January 11 to consider issue of equity shares and/or warrants on preferential basis to the identified ... More

Prime Securities pref issue
CHENNAI: Prime Securities Ltd has informed the BSE that an EGM of members of the company will be held on January 25 to allow investments by FIIs in the company up to 74 per cent of the paid-up equity share capital. — More

Batliboi plans QIP issue
Batliboi Ltd has informed the BSE that a meeting of the board of directors of the company will be held on January 4 to consider and approve issue of equity shares through a qualified institutional placement to qualified institutional buyers, ... More

NEW BUSINESS
Nokia Siemens bags Airtel contract
New Delhi, Jan 3 Nokia Siemens Networks on Thursday announced that it has been awarded a multi million euro contract from Bharti Airtel Ltd for deployment of a single interactive voice response (IVR) platform across 23 circles. ... More

AWARDS & HONOURS
PGCIL bags MoU award for '06-07
More

CORPORATE BONDS
Soaring crude: IOC may sell Rs 2,000-cr bonds
New Delhi, Jan. 3 The soaring crude prices may compel Indian Oil Corporation (IOC) to sell oil bonds to offset revenue losses incurred due to retailing fuel below the cost price. IOC may have to sell bonds worth Rs 2,000 crore this month, ... More

SEBI for simple primary debt issue process
Mumbai, Jan. 3 SEBI has proposed fast tracking of debt issuance for listed companies as well as mandatory listing of private placement of debt, in its new draft regulations for simplifying the primary issuance process for corporate ... More

RESTRUCTURING
Nod for recast of farms corpn
New Delhi, Jan 3 The Union Cabinet has given its nod for the restructuring of State Farms Corporation of India Ltd (SFCI). The restructuring would involve conversion of Government’s loans amounting to Rs 58.74 crore and interest ... More

MERGERS & ACQUISITIONS
Tatas move closer to driving Ford’s Jaguar, Land Rover
To have ‘more focused and detailed’ negotiations with US auto maker More

‘Ford, Tatas must focus on job, plant security’
UK’s union Unite says it will not support the deal otherwise More

Analysts divided over impact
Tata Motors ADR jumps 2% on NYSE More

Fresh boost for Tata group in UK with Ford deal
Mumbai, Jan. 3 The Land Rover-Jaguar deal is expected to reinforce the United Kingdom as the key overseas destination for the Tata Group. The UK is already the largest overseas market for the group, contributing 15 per cent of group’s ... More

Alembic acquires Nirayu’s unit
Alembic Ltd has acquired API manufacturing unit of Nirayu Pvt Ltd located on the outskirts of Vadodara and will be used by the company to increase its API business and regulatory filings. This acquisition is on a going concern basis together with ... More

Govt in favour of merging Neelachal Ispat with RINL
Captive iron ore mines for Vizag Steel More

OVERSEAS INVESTMENTS
Asipac asked to prepare design for resort-cum-IT park in Brazil
More

Jindal Steel pact with Bolivia becomes effective
New Delhi, Jan. 3 Jindal Steel & Power Ltd (JSPL) has said that the agreement with the Bolivian Government for developing an iron ore mine and setting up a steel plant has become effective.JSPL had entered into an agreement with the ... More

ALLIANCES & JOINT VENTURES
SAIL, Tata Steel in 50:50 pact to mine coal blocks
To secure assured supplies to meet increasing needs More

BONUS ANNOUNCEMENTS
Speciality Papers mulls bonus issue
Speciality Papers Ltd has informed the BSE that a meeting of the board of directors of the company will be held on January 5 to discuss and take decision on raising equity through preferential issuance of shares and to decide on the quantum and ... More

OUTLOOK
Hyundai hopes alternate fuel models to boost sales
New Delhi, Jan. 3 Banking on the wider availability of alternate fuels, Hyundai Motors India, which has a slew of launches planned on this platform, said that it was looking at 15-20 per cent increase in sales from such vehicles. ... More

GVK may soon commission Jegurupadu phase II, Gauthami
Following recent parleys with Reliance Industries Ltd, the Hyderabad-based GVK Power & Infrastructure Ltd is poised to commission Jegurupadu Stage II and Gauthami power plants by middle of this year.“We have had discussions ... More

Indo Asian Fusegear to double switchgear capacity
Expects revenues to rise 40% this fiscal More

PERFORMANCE
‘Uptrend in Land Rover, Jaguar sales’
Mumbai, Jan 3 Ford is handing the keys of Land Rover and Jaguar to the Tata group when the fortunes of both the marquees are turning bright, according to a Ford official. May post record ... More






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