CORPORATE
NEW BUSINESS
Metso Minerals gets big order
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COURTS/LEGAL ISSUES
Anu Lab’s option to investors
The Hyderabad-based Anu’s Laboratories has given investors the option to withdraw from the public issue which closed on May 15. This follows the market regulator SEBI’s advice as the company failed to disclose a pending case in its ...
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CORPORATE BONDS
Tata Investment Corpn to raise Rs 448 cr through zero coupon convertible bonds
Net profit up at Rs 185.8 cr; dividend Rs 15/share
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RESTRUCTURING
Texmaco shifting core engg business to subsidiary
Decides to split stock
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MERGERS & ACQUISITIONS
McNally Bharat buys 68.28% stake in Sayaji Iron
Kolkata, May 16 McNally Bharat Engineering Company Ltd (MBE) has acquired a 68.28 per cent stake in Sayaji Iron and Engineering Company Ltd for Rs 59.01 crore at Rs 221.60 a share. The company will come out with an open offer on May 20, ...
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Decks cleared for Hichens acquisition
New Delhi, May 16 Religare Capital Markets International (UK) Ltd, an indirect wholly-owned subsidiary of Religare Capital Markets Ltd, has received approval from the UK’s Financial Services Authority for a change in control of Hichens, ...
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NEW PROJECTS
Ceat setting up greenfield radial facility in Gujarat
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ALLIANCES & JOINT VENTURES
Volvo, Eicher Motors tie-up’s ambit may be wider than truck distribution
FIPB clears proposal by AB Volvo to pick up 8.1% stake in Eicher Motors
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SOCIETY & DEVELOPMENT
GramIT to set up 10 more centres
To hire 2,000 more from villages in the State
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VENTURE CAPITAL
MPM Capital invests $20 m in Sai Advantium
Hyderabad, May 16 MPM Capital, a venture capital investor focussed on the life sciences space, has invested $20 million in Sai Advantium Pharma, a chemistry-driven drug discovery and development service company headquartered in ...
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OUTLOOK
Bal Pharma stepping up export forays
Bangalore, May 16 Bangalore-based Bal Pharma is expanding into new export baskets like West Asia, Korea, Germany and Sri Lanka. The forays are driven by its herbal products, some of which recently received regulatory approvals in the ...
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PERFORMANCE
SAIL scorecard
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