CORPORATE
ANNOUNCEMENTS
Jet Air defers results to June
Jet Airways has deferred its fourth quarter and annual results for 2007-08 to June as the audit for the same period is not complete, it informed the Bombay Stock Exchange on Thursday. Earlier, Jet had fixed May 23 as the date. ...
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Dr Reddy's launches gastritis drug
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Hyundai to raise prices
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Adlabs enters Hyderabad
Hyderabad, May 22 Adlabs Cinemas, an arm of Anil Dhirubhai Ambani Group, has announced its entry into the Hyderabad exhibition business by launching three screens at Ameerpet. “The 45,000-sq ft exhibition facility would mark our ...
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MANPOWER
Bajaj Auto working out VRS for Akurdi workers
Mumbai, May 22 Bajaj Auto is working out a voluntary retirement scheme for the workers of its now-closed unit at Akurdi in Pune and it will be announced shortly, Mr Rajiv Bajaj, Managing Director, Bajaj Auto, said.“We are close to ...
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HUMAN RESOURCES
Riding high
Having steered his company on the high-growth path, the Lanco Group chief believes it’s time to delegate and nurture leadership.
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CORPORATE BONDS
Jindal Saw warrants allotment
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‘Developing a vibrant corporate bond market vital’
Chennai, May 22 The development of a vibrant and deep corporate bond market is necessary to provide an avenue for pension money coming in from overseas, as well as to meet the funding requirements of the infrastructure sector, Mr V. Mahadevan, ...
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MERGERS & ACQUISITIONS
Cabinet nod for Sponge Iron merger with NMDC
New Delhi, May 22 The Union Cabinet on Thursday gave its approval for the merger of public sector enterprise Sponge Iron India Ltd (SIIL) with National Mineral Development Corporation (NMDC), Hyderabad, through acquisition of SIIL shares by ...
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NEW PROJECTS
GKS Construction setting up facility for readymade steel
Chennai, May 22 The Chennai-based GKS Construction Aids Pvt Ltd (GCAPL) is setting up a project to provide readymade steel for the construction industry.The company is setting up rebar cut and bend facility in the city’s ...
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Saint-Gobain to finalise expansion location soon
Chennai, May 22 Saint-Gobain Glass India Ltd will decide in the next four to six weeks the location for its planned expansion. The company is looking at sites in Gujarat, Rajasthan, Uttarakhand and at its existing plant near Chennai for the ...
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NPCIL can buy land for projects prior to sanction
New Delhi, May 22 In a bid to expedite the pace at which nuclear power projects are set up, the Centre has given state-owned Nuclear Power Corporation of India (NPCIL) the nod to commence land acquisition activity prior to receiving financial ...
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ALLIANCES & JOINT VENTURES
Nandan Bio in pact for jatropha plantation
Rs 150-cr refinery, cultivation in Ethiopia part of plans
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Midhani, Russian company to form joint venture
For value-added products from titanium sponge
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GSPC firms up plans for LNG terminal at Mundra
Adani group to take 25% participatory stake
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VENTURE CAPITAL
SIDBI Venture Capital invests Rs 30 cr in Centaur Group
Mumbai, May 22 SIDBI Venture Capital Ltd (SVCL), the wholly-owned subsidiary of SIDBI, has invested Rs 30 crore in the Mumbai-based Centaur Group. The group consists of Centaur Chemicals and Centaur Pharmaceuticals, which would be merged soon. ...
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