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CORPORATE
NEW PROJECTS:
Peugeot may finalise India plans by Sept-end
Plant likely in Tamil Nadu or AP. Mumbai, June 24 PSA Peugeot-Citroen is expected to take a call on entering the Indian market by end-September this year, say top industry ...
PRIVATE PLACEMENT:
QIP round 2 likely to see lukewarm response
High valuations, concentration of realty cos may sag interest. Mumbai, June 24 Investor interest may remain rather subdued for the second round of Qualified Institutional Placements (QIP), which has been announced, said ...
ANNOUNCEMENTS:
Mumbai cobbler gets Nano allotment
Mumbai, June 24 Maruti Bhandari, the celebrated Mumbai cobbler who booked the top-end Tata Nano by paying a cheque of Rs 1.4 lakh in April, is one of the one lakh allottees of the ...
ANNOUNCEMENTS:
Surya Roshni unveils Rs 550-cr capacity expansion plan
Rs 400 cr to be used for setting up steel pipe unit in Bhuj. New Delhi, June 24 Surya Roshni Ltd on Wednesday announced plans to invest Rs 550 crore in the coming year in new plants for both capacity expansion and ...
OUTLOOK:
Essar set to begin coal bed methane production in Ranigunj
Durgapur, June 24 Essar is set to begin CBM (coal bed methane) production at Ranigunj (East) block in West Bengal in six ...
NEW PROJECTS:
Can-Pack’s Aurangabad plant goes on stream
US-based Ball Corp shelves plans. Pune, June 24 A greenfield facility set up at Aurangabad by Polish packaging company Can-Pack to manufacture beverage cans has gone into trial production, even as US-based Ball Corporation has shelved its plan ...
AWARDS & HONOURS:
Amul ranks among top 21 global dairy biz cos
Anand, June 24 Amul has been ranked among the top 21 largest dairy businesses in the world according to the findings published by the International Farm Comparison Network (IFCN) at the 10th IFCN Dairy Conference 2009, held at Stockholm ...
ALLIANCES & JOINT VENTURES:
ACC Mineral to explore four coal blocks in Madhya Pradesh
Mumbai, June 24 ACC Mineral Resources Ltd (AMRL), a wholly-owned subsidiary of ACC, has entered into an arrangement with the Madhya Pradesh State Mining Corporation (MPSMC) for joint exploration, development and mining of four coal blocks in ...
ANNOUNCEMENTS:
S. Africa nod for Aurobindo drugs
Medicines Control Council, South Africa has permitted Aurobindo Pharma Ltd to manufacture and market five products in South Africa. They include Auro-Abacavir (300 mg & 20mg/ml) in anti-retroviral segment, Auroprozil, Auro-Cefotaximme ...
NEW PROJECTS:
Bajaj Elec close to completing Delhi project
Mumbai, June 24 The Rs 1,700-crore Bajaj Electricals, which had secured an order to upgrade street lighting on important arterial roads and stadiums in Delhi, is providing finishing touches to the contract. The objective of the exercise is ...
OUTLOOK:
Astellas to bring in transplant drug
Mumbai, June 24 Close to two years after evaluating the Indian market, Japanese drug-maker Astellas Pharma has entered the country with plans to establish itself in the innovative drugs ...
OVERSEAS INVESTMENTS:
K S Oils buys 14,000 ha oil palm plantation in Indonesia
Chennai, June 24 K S Oils Limited, an edible oil player listed on the BSE and the NSE, has acquired 14,000 hectares of oil palm plantation in Indonesia for an undisclosed sum through its wholly-owned Singapore subsidiary K S Natural ...
OUTLOOK:
AirAsia plans to increase India footprint
Malaysian low-cost carrier, AirAsia X, will fly to four more Indian destinations from Kuala Lumpur by the end of this year. These are Thiruvananthapuram, Kochi, Hyderabad and ...
OVERSEAS INVESTMENTS:
Elgi Equip sets up unit in Brazil
Coimbatore, June 24 The Coimbatore-based Elgi Equipments Ltd, which produces industrial and screw air compressors, is setting up a subsidiary at Sao Paolo in Brazil, ahead of establishing a manufacturing facility in the ...
ESOPS:
Matrix Labs allots ESOPs
Hyderabad, June 24 The board of directors of Matrix Laboratories Ltd has allotted about 17.25 lakh equity shares of Rs 2 each to Matrix ESOP Trust under Employee Stock Option Plan schemes, the company said in a filing to the BSE. Consequent ...
OUTLOOK:
Mahindra Holidays to tap seniors, teen segments
Chennai, June 24 Mahindra Holidays & Resorts India Ltd (MHRIL) intends to launch holiday products for teenagers and ...
OUTLOOK:
Glenmark’s diabetes drug to enter Phase III trials
Mumbai, June 24 Glenmark Pharmaceuticals’ prospective drug to treat diabetes Melogliptin (GRC 8200) is set to enter its third phase of trials on humans later this year, pending regulatory ...
FINANCIAL PERFORMANCE:
Gayatri Projects Q4 net falls
Hyderabad, June 24 Gayatri Projects recorded a marginally lower net profit of Rs 11.11 crore on revenues of Rs 333.90 crore for the fourth quarter ended March 31, 2009, against net profit of Rs 13.97 crore and revenues of Rs 270.73 crore ...
PUBLIC OFFER:
PowerGrid may raise Rs 3,000 cr via follow-on offer
New Delhi, June 24 Power Grid Corporation of India plans to raise Rs 3,000 crore by the end of this fiscal or early nextyear through a follow-on ...
ANNOUNCEMENTS:
LG launches new plasma range
LG Electronics has announced the launch of the single layer PQ70 HD Plasma TV with 600 Hz sub-field driving technologies. The company claimed that in India, 45 per cent of all plasma televisions sold in 2008 were made by LG, with the industry ...
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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