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CORPORATE
MERGERS & ACQUISITIONS:
ONGC Videsh close to buying out Imperial
Over 90% shareholders accept offer. New Delhi, Dec. 30 ONGC seems to be closing in on acquiring London Stock Exchange-listed Imperial Energy Corporation PLC for £1.4 billion. Late reports were coming in that ONGC was close to receiving ...
MERGERS & ACQUISITIONS:
Punjab Tractors sells entire stake in Swaraj Mazda
Sumitomo’s holding goes up to 53.53%. New Delhi, Dec. 30 Mahindra and Mahindra-owned Punjab Tractors Ltd on Tuesday announced its plans to sell its remaining stake of 14.4 per cent held in Swaraj Mazda to Sumitomo Corporation. Sumitomo ...
INTERVIEW:
Royal Orchid Hotels to continue looking for acquisitions
Says the year ahead may be tough for the industry. Mumbai, Dec. 30 The year 2008 has been full of challenges for the Indian hospitality industry. The global recession negatively impacted foreign tourist arrivals, which grew in the range of ...
MERGERS & ACQUISITIONS:
M&A deals up 12%; Indian cos tap global opportunities
Trend to continue; slowdown throws up attractive valuations. Chennai, Dec. 30 The global slowdown in 2008 provided good opportunity for Indian software service providers to cherry-pick attractive companies at reasonable prices - be it to expand ...
OVERSEAS INVESTMENTS:
Posco may put India plans on hold
New Delhi, Dec. 30 Korean steel giant Posco is considering putting its India plans on ...
CORPORATE BONDS:
RCom redeems FCCB bonds
Bangalore, Dec. 30 Reliance Communications Ltd redeemed 250 Foreign Currency Convertible ...
REGULATORY BODIES & RULINGS:
Aurobindo HIV drug gets FDA nod
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OUTLOOK:
NMDC keen to set up steel plant in Karnataka
Hyderabad, Dec. 30 The National Mineral Development Corporation Ltd (NMDC) has evinced interest in setting up a steel plant in Bellary district ...
CORPORATE GOVERNANCE:
‘ I intend to continue till confidence is restored’
The embattled Satyam Computer Services management got some support from one of its independent directors and the former Union Cabinet Secretary, Mr T.R. Prasad, who said that “resigning from the Board now is like deserting a ...
NEW PROJECTS:
Fortune opens new hotel in Hyderabad
Hyderabad, Dec. 30 Fortune Park Hotels, an arm of ITC Ltd, plans to go ahead with its expansion despite the downturn by opening 27 new hotels in the next ...
NEW BUSINESS:
Jain Irrigation bags Rs 270-cr European export order
Mumbai, Dec. 30 Jain Irrigation Systems Ltd (JISL) has bagged order worth Rs 270 crore from its European customer for supply of dehydrated white onion ...
MERGERS & ACQUISITIONS:
Suzlon acquires Martifer's tranche
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RESTRUCTURING:
NSL to hive off seed business; Blackstone to invest
Hyderabad, Dec. 30 NSL group, the Hyderabad-based company with diverse interests in seeds, IT SEZ development and renewable power, has decided to hive off the seed business into a separate company in order to focus more on ...
DIVIDEND ANNOUNCEMENT:
MIC Electronics dividend
MIC Electronics Ltd has declared a dividend @ Re 0.40 for each fully paid equity share of Rs 2 each for the financial year ended June 30, 2008. The company has informed BSE that the members at the 20th Annual General Meeting (AGM) held on ...
NEW PROJECTS:
Riverbank deal with IHG
In a 15-year deal with the Inter Continental Hotels Group (IHG), Riverbank Developers Pvt Ltd proposes to set up a hotel at Batanagar on the banks of the Hooghly river under the brand name, Crown Plaza Hotels & Resorts,with an estimated cost ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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