CORPORATE
ANNOUNCEMENTS
Bookings for Qualis to be stopped from New Year — Toyota to launch Innova in February
FROM the New Year, bookings for Qualis will be stopped indicating the end of the road for India's largest selling MPV even as Toyota readies itself to replace the vehicle with Innova early next year. While the dealers confirmed that bookings ...
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BUYBACK
Buyback price — A hint by Reliance to show that its shares are undervalued
THE decision of the board of Reliance Industries Ltd (RIL) to put through the buyback proposal using the open market purchase route through the stock exchanges is largely on expected lines. The latest decision has a three-fold implication: ...
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COURTS/LEGAL ISSUES
`Cancellation of trademark legally tenable due to non-use'
The burden of proof was on the applicant for rectification to show that the mark was wrongly registered or was wrongly remaining on the register.
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MERGERS & ACQUISITIONS
Rakesh Jhunjhunwala picks 5% in Mid-Day from promoters
STOCK market investor Mr Rakesh Jhunjhunwala has picked up more than five per cent stake in media company Mid-Day Multimedia Ltd. He acquired the stake today through market purchases. Promoters of Mid-Day sold the shares. On the decision to buy ...
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NFCL shareholders give nod for merger of Nagarjuna Palma
NAGARJUNA Fertilisers & Chemicals Ltd (NFCL) has informed the bourses on Tuesday that the shareholders of the company have approved the amalgamation of Nagarjuna Palma India Ltd with NFCL at an extraordinary general meeting held on December 23. .
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INTERVIEW
`Market buoyancy, operational savings helped us in turnaround'
ENNORE Foundries of the Hinduja group is very much in the news these days, what with the share prices soaring to all-time-high levels. Reason: the company has turned around though its books have a burden of accumulated losses. Also, the group ...
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SOCIETY & DEVELOPMENT
Corporates, PSUs pitch in to provide relief to tsunami victims
CORPORATES and public sector units are pitching in generously to provide relief to victims of the tsunami disaster. HUDCO on Tuesday announced that it has floated a special loan scheme for rehabilitation efforts in the States affected by the ...
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OUTLOOK
Regency Ceramics hopes to use full capacity from Feb
REGENCY Ceramics Ltd , engaged in the production of ceramic tiles, is hopeful of achieving full capacity utilisation by February next year. The company is currently utilising only 60 per cent of its installed capacity of 70,000 sq. m a day due to ...
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