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CORPORATE
PREFERENTIAL ALLOTMENTS:
Deutsche Bank picking up stake in BPL
Bangalore, Sept. 26 Deutsche Bank AG will take equity stake in BPL Ltd with the company’s board approving a proposal to make preferential issue of 24,25,500 equity shares and/or convertible securities to the bank or its nominees ...
OUTLOOK:
Nestle to invest Rs 600 crore in India next year
New Delhi, Sept. 26 Nestle India Ltd unveiled its capital expenditure of Rs 600 crore in 2009, which is double the Rs 300 crore that it is investing in the current ...
NEW PROJECTS:
Launch of Jazz to be advanced to mid-2009
Car will be rolled out from the Greater Noida facility initially. Tapukara, Sept. 26 The launch of Jazz, the premium hatchback car from Honda Siel, is to be advanced by six months to the middle of next year, the President and Chief Executive ...
NEW PROJECTS:
Jain Irrigation plans hub to make micro-irrigation systems
Venturing into fruit processing; expanding capacity for plastic items. Udumalpet, Sept. 26 Jain Irrigation Systems Ltd plans to set up a manufacturing hub for micro-irrigation systems, PVC pipes and fruit processing in Tamil Nadu to cater to the ...
REGULATORY BODIES & RULINGS:
Aurobindo drug gets FDA nod
Aurobindo Pharma Ltd has received final approval from the US Food and Drug Administration (USFDA) to manufacture and market Didanosine Delayed Release (enteric-coated) capsules in 125 mg, 200 mg, 250 mg and 400 mg. The drug is indicated ...
DIVIDEND ANNOUNCEMENT:
Anjani Portland declares dividend
Anjani Portland Cement Ltd has declared Rs 1.50 dividend per equity share on face value of Rs 10 per share on the equity share capital of the company for the year ended on March 31, 2008. The members at the AGM held on September 24 approved ...
VENTURE CAPITAL:
Slowdown may bring more private equity players into healthcare
Hyderabad, Sept. 26 The life sciences and healthcare sector may benefit from the global economic slowdown as global investors, especially private equity players (PEs), are expected to move to this sector from hitherto popular sectors ones like ...
NEW PROJECTS:
FLSmidth to expand Chennai engg centre
Chennai, Sept. 26 “Look at those,” he says, pointing to a series of overhead projectors, as we climb the stairs to the first floor of FLSmidth’s ...
ECONOMIC OFFENCES:
Ministry asks Serious Fraud Office to probe Elder Pharma case
New Delhi/Mumbai, Sept. 26 Past records seem to be catching up with the Mumbai-based Elder Pharmaceuticals Ltd, with the Ministry for Corporate Affairs (MCA) asking the Serious Fraud Investigation Office (SFIO) to probe whether the company ...
COMPANY LAW:
Why a liberal tax regime for LLPs?
The Bill concerning Limited Liability Partnership (LLP) was tabled in the Rajya Sabha on December 12, 2006, by the Minister of Company Affairs. The statement of objects and reasons of the Bill shows that LLP has been conceived of “as ...
RESTRUCTURING:
Golden Tobacco announces demerger of realty business
Stock up 13 per cent in a week but day’s closing 11.47 per cent lower. Kolkata, Sept. 26 Golden Tobacco Ltd stock was up 13 per cent in a week after it announced on Wednesday that the company will demerge its realty business into a ...
NEW PROJECTS:
Orra to set up two more jewellery facilities
Hyderabad, Sept. 26 Orra, through a group company, will be setting up two more manufacturing units with a total capacity of 75,000 jewellery pieces a month, catering to both domestic and ...
OVERSEAS INVESTMENTS:
IOC awaits Turkish response to project proposals
It’s been 2 yrs since it planned investments. Kolkata, Sept. 26 It has been two years since it had proposed the multi-billion dollar investment in refining and cross-country oil pipeline sector in Turkey, and IndianOil Corp is clueless ...
RESEARCH & DEVELOPMENT:
DuPont opens corn research centre to boost output
Bangalore, Sept. 26 DuPont has opened a corn research centre here to help farmers in India increase productivity to meet growing demand for ...
ALTERNATIVE MEDICINES:
Ratnagiri hopes to raise power capacity by Oct
New Delhi, Sept. 26 Ratnagiri Gas & Power Pvt Ltd (RGPPL) proposes to double its power generation capacity by early October and operationalise the LNG terminal without breakwater soon. The company expects that the breakwater would ...
DIVERSIFICATION:
Lanco Infra may enter power, solar sectors
Hyderabad, Sept. 26 The Chairman of Lanco Infratech Ltd, Mr L. Madhusudhan Rao, on Friday told shareholders about the company plans to diversify into wind power and solar energy generation and efforts to finalise ...
DIVIDEND ANNOUNCEMENT:
Balmer Lawrie dividend at 170%
...
ALLIANCES & JOINT VENTURES:
Pokarna, Hugo Boss enter pact
Hyderabad, Sept. 26 Pokarna Ltd has said that Hugo Boss Ticino SA, a business unit of Hugo Boss Group, has entered into collaboration with the ...
COURTS/LEGAL ISSUES:
Tata Motors files writ petition
J ustice Dipankar Dutta of Calcutta High Court on Friday allowed the writ petition of Tata Motors Ltd, asking for a court order not to publish the agreement entered into among Tata Motors, the State of West Bengal and West Bengal ...
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