CORPORATE
PREFERENTIAL ALLOTMENTS
Sunil Hitech raises Rs 81 cr
Sunil Hitech Engineers Ltd has raised Rs 81 crore from Qualified Institutional Players. A total of 22.50 lakh shares (face value of Rs 10) were placed with five foreign and domestic institutional investors at Rs 360 a share, the company informed ...
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NEW BUSINESS
Maytas secures mandate for Machilipatnam port
Initially, the project was to be developed at Gogileru
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HCC bags Rs 375-cr contract
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INSIGHT
Reliance Ind: Petrochem biz underperforms
Even as the oil refining business posted a strong performance in the third quarter ended December 2007, Reliance Industries’ petrochemicals business was an underperformer. Revenues from petrochemicals dipped 3.3 per cent to Rs ...
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FINANCIAL PERFORMANCE
Reliance Natural Q3 net up 127%
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CORPORATE GOVERNANCE
‘SEBI to deal with specific provisions on corporate governance for listed cos’
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NEW PROJECTS
ITC’s paperboard unit yielding results on eco front
Coimbatore plant’s second line may go on stream by 2010
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L&T South City township coming up at Siruseri
Chennai, Jan. 17 L&T South City Projects Ltd is launching a 100-acre integrated township Eden Park to the south of Chennai.L&T South City, a joint venture between L&T Urban Infrastructure Ltd, Dinesh Ranka & Associates ...
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Toyota work on low cost car almost over
Car not to compete with Tata’s Nano
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Cummins to make India global hub for small gensets
Pune, Jan 17 The power generation business unit of Cummins India Ltd (CIL) has commissioned a new plant at Pirangut for the manufacture of generator sets from 7.5-140 kVA for both the domestic and overseas markets. The facility will also be ...
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CESC plans thermal plant at Haldia
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Effluent irrigation
The effluent discharged by the 250-tpd (tonne per day) Coimbatore paper unit is utilised for irrigating about 75 hectares of land within the factory premises. According to Mr C.V.Nair, the unit head, periodic monitoring of the changes ...
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OVERSEAS INVESTMENTS
Taj hotels launching property in Bhutan
Mumbai Jan. 17 The Taj group of hotels would be launching a new property under its leisure portfolio in Thimpu, Bhutan on January 23.Taj Tashi, as it will be known, would be under a management contract between the Taj Hotels Resorts ...
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IBPL to market biotech products in GCC region
Ahmedabad, Jan 17 The Ahmedabad-based Intas Biopharmaceuticals Ltd on Thursday announced plans to supply and market indigenously-developed biotech products in the Gulf Cooperation Council (GCC) region. The GCC comprises six countries, viz. ...
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Jain Irrigation, Kirloskar Bros get Ghana order
Jain Irrigation System and Kirloskar Brothers have won a bid to revamp nine irrigation dams in Ghana. The dams that currently function in the conventional method of flood irrigation will be updated to drip and sprinkler based systems of ...
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Tatas to invest Rs 600 cr in Oman
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ALLIANCES & JOINT VENTURES
DLF joins hands with Gayatri Projects
New Delhi, Jan 17 Real estate major DLF Ltd on Thursday inked a memorandum of understanding with infrastructure firm Gayatri Projects Ltd (GPL) to develop road and highway projects across India. The 50:50 alliance plans to bid for large ...
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INTERVIEW
‘$12-b K-G basin gas, pipeline project on track’
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VENTURE CAPITAL
Satya Vani secures PE fund for green homes project
Satya Vani Homes, part of Hyderabad-based realty and consultancy firm, Satyavani Projects, has tied up with Amitayus Investments LLC, for about $10 million infusion, to part fund a green homes project near Hyderabad.This funding is ...
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RIGHTS ISSUE
Auto Stampings’ rights issue
The Pune-based Automotive Stampings & Assemblies Ltd has declared rights issue of shares to its shareholders. The company has informed the BSE that the board of directors on Thursday approved rights issue of equity shares, securities and ...
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OUTLOOK
GM India second plant set for production in second half
Hyderabad, Jan. 17 General Motors India is set to commission its Talegaon plant during the second half of this year. This move would significantly enhance the automotive major’s production capabilities, along with flexibility in model ...
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Biocon to list Syngene
Invests in US start-up IATRICa for new cancer drugs
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GE Healthcare hopes to do a ‘Nano’ in X-ray gadgets
Bangalore, Jan. 17 And now, GE Healthcare expects to stir up a Nano effect in a sector far removed from the automotive world.The medical diagnostics leader says its new ‘Tejas’ range of X-ray machines is expected to unleash ...
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Shantha Biotechnics to increase vaccine export to Pak
Shantha Biotechnics Ltd will be increasing the volume of its vaccine exports to Pakistan soon.The Hyderabad-based company has been exporting Hepatitis B vaccine worth half-a-million US dollars to a Pakistani company, Amsen Vaccines. ...
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PEOPLE
New Toyota Kirloskar MD
Toyota Kirloskar Motor has appointed Mr Hiroshi Nakagawa as the Managing Director of the company. He replaces Mr A. Toyoshima who completed his five-year term in the Indian subsidiary of Toyota Motor Corporation. ...
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