PREFERENTIAL ALLOTMENTS
Alok Ind mulls pref issues
ALOK Industries Ltd has informed the Bombay Stock Exchange about its preferential issue plans. It said it is proposing to issue 35.58 lakh equity shares of Rs 10 each to the promoters and Khandelwal Polyester Pvt Ltd on a preferential basis; ... More

COURTS/LEGAL ISSUES
Spectrum shareholder files petition seeking share freeze
A SHAREHOLDER of Spectrum Power Generation Ltd, Mr Laxman Raj Madas, has filed a petition in the Court of Chief Judge, City Civil Courts here, to freeze the shareholding of Mr M. Kishan Rao and R.R. Godavari Power Ltd (RRGPL), a company belonging ... More

CREDIT RATING
Moody's upgrades Tata Motors outlook to positive
MOODY'S Investors Service has changed the outlook for Tata Motors to positive from negative. The Ba2 rating for senior unsecured debt was affirmed. The change in the outlook was prompted by strong improvements in Tata's operational ... More

MERGERS & ACQUISITIONS
Transgene approval for Saket merger
HYDERABAD: The board of Transgene Biotek Ltd at a meeting has approved a resolution to amalgamate Saket Bio-Technologies Pvt Ltd with itself. In a statement to stock exchanges, the company said the draft scheme approved by the board is ... More

NEW PROJECTS
Welspun Gujarat to invest Rs 200 cr in new capacity
WELSPUN Gujarat Stahl Rohren plans to invest Rs 200 crore in setting up a new manufacturing unit in Gujarat. The saw pipes manufacturer plans to add capacities of around 5,00,000 tonnes by the end of this calendar year. "We plan to set up ... More

ALLIANCES & JOINT VENTURES
Haldia to be manufacturing base for Russian UralAZ
URALAZ of Russia, a cross-country and offroad commercial vehicle supplier, has selected Haldia in West Bengal as its base for manufacturing latest commercial vehicles. A joint venture company has been established under the name of Ural ... More

IPOS
Dishman Pharma price band at Rs 155-175
DISHMAN Pharmaceuticals and Chemicals Ltd (DPCL) has kept its price band of Rs 155-175 per equity share for its forthcoming IPO. The issue that opens on March 29 and closes on April 7 is looking to raise Rs 53 crore-60 crore. The ... More

SICK UNITS
CM's intervention sought to resolve Maha Scooters issue
THE Maharashtra Scooters Minority-shareholders Association (MSMA) has said it has sought the intervention of the Chief Minister, Mr Sushil Kumar Shinde, in the sale of the Western Maharashtra Development Corporation's (WMDC) equity at the ... More

OUTLOOK
Electrolux spruces up supply-chain management
SUPPLY-chain management plays a vital role in pushing the profitability of the consumer durables and electronics industry. Armed with a strategy to boost sales and strengthen its market position, the Indian arm of Swedish white goods major, AB ... More

New control tech powers BHEL business
RECENTLY, when the Karnataka Chief Minister, Mr S.M. Krishna, pressed a button in Bangalore and commissioned the first Almatti dam powerhouse project in distant Bagalkot, it was a statement on how remote-controlled technology can transform power ... More

Hyundai sales likely to rise 47 pc
HYUNDAI Motor India (HMI), the country's second largest car manufacturer, is likely to close the current fiscal with sales of over 1.65 lakh vehicles, including exports of about 40,000 vehicles. The company's turnover for the year ending March ... More

Saregama plans tie-ups for music download
AS part of its strategy to tap alternative revenue streams, Saregama India Ltd (SIL) is planning tie-ups with US network portals for offering digital downloads to NRIs in the US. The SIL's Managing Director, Mr Dilip R. Mehta, said here today ... More