CORPORATE
ANNOUNCEMENTS
Big sales force to back Maruti’s D’zire in the market
Plans to focus on tier II, III cities where general economic boom is catching up
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Transocean Pacific rigs named after Dhirubhai Ambani
RELIANCE CONTRACT
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Tata Power commissions unit in Bengal
Coimbatore: Tata Power Company Ltd has announced the commissioning of power generation facility at Haldia in West Bengal.In a communication to the BSE, the company said that unit 1 of 2 x 45 MW Phase of Haldia project ...
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RESTRUCTURING
Sanket, Royal Ceramics merger
Sanket International Ltd has informed the BSE that the board at its meeting held on Monday has approved the Scheme of Amalgamation of Royal Ceramics Industries Pvt Ltd with the company, subject to approval of the same and has recommended exchange ...
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Brakes division of SCL hived-off
Chennai, April 7 The brakes division of Sundaram-Clayton Ltd is being spun off into a separate company, WABCO-TVS Ltd, Sundaram-Clayton (SCL) announced today. As part of the scheme of de-merger, shareholders of SCL will get one share ...
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MERGERS & ACQUISITIONS
Gammon hikes stake in VSPL
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Solrex Pharma ups stake in Orchid Chem to 8%
Chennai, April 7 Solrex Pharmaceuticals announced to the stock exchanges today that it has bought 2.2 lakh shares in the Chennai-based Orchid Chemicals and Pharmaceuticals. With this, Solrex’ holding in Orchid rises to 8.06 per ...
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Draxis adds niche capabilities to Jubilant
Possible upsides from cardiac imaging product, J&J contract
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NEW PROJECTS
Victor Reinz setting up manufacturing unit in Pune
Pune, April 7 Victor Reinz India Pvt Ltd, a 51:49 joint venture between Reinz Dichtungs GmbH, Germany and the Pune-based Jayant Group, is setting up a greenfield manufacturing unit at Talegaon in Pune to manufacture multilayer steel cylinder ...
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JK Tyres looking for land for greenfield project
Mumbai, April 7 Tyre major JK Tyres is scouting for suitable land for a greenfield project to manufacture passenger car radial tyres. “We are falling short of capacity and we are planning a new plant,” Mr Arun Bajoria, ...
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Caparo plant to supply parts for Nano
Kolkata, April 7 Caparo’s proposed ancillary unit at Singur will supply close to 10 per cent of the components required for making Tata’s ‘Nano’, Lord Swraj Paul, Chairman, Caparo Group, said here today. “We ...
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Tata Power unit synchronised
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VENTURE CAPITAL
Private equity investment in Q1 amounts to $3.3 b
Market conditions no dampener
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RIGHTS ISSUE
UB rights issue at Rs 177 a share
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SICK UNITS
Ras Extrusions in revamp exercise
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OUTLOOK
GVK poised to complete land buy for TN multi-product SEZ
Hyderabad, April 7 GVK Power and Infrastructure Ltd is poised to complete the land acquisition of the company’s first multi-product special economic zone (SEZ) planned in Tamil Nadu.The company is gearing up to bid for NELP VII ...
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Essar Steel plans to expand retail network
New Delhi, April 7 To cater to the small-scale sector directly and make more quantities available to such entities, Essar Steel has decided to expand its retail steel network by more than threefold. The company plans to expand its network from ...
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Pyramid Saimira to invest Rs 40 cr
Chennai, April 7 Pyramid Saimira Production International Ltd, the production arm of the Pyramid Saimira Group, has announced that it will produce 52 films this year. Of this, the first ten will be Tamil films. The company will invest around ...
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PERFORMANCE
Chinese engines push up Ashok Leyland volumes
1,500 sold last fiscal; to be made key part of strategy
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