Financial Daily from THE HINDU group of publications
Wednesday, August 03, 2005
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Financial Daily from THE HINDU group of publications Wednesday, August 03, 2005 |
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CORPORATE ACCIDENTS ONGC may have to invest Rs 600 cr to rebuild Bombay High ONGC may have to invest Rs 400-600 crore towards rebuilding assets at Bombay High North which were destroyed in last week's fire. This does not include the contribution from the insurance agencies. However, ONGC sources said the "company's ... More ANNOUNCEMENTS NMDC declares record dividend NATIONAL Mineral Development Corporation Ltd (NMDC) has declared a 114.5 per cent dividend for the year ended March 31. Consequently, the Central Government, which holds 98.38 per cent equity, will receive Rs 148.87 crore. In February 2005, ... More
ACC launches mobile concrete testing unit
Wockhardt gets US FDA nod for antibiotic drug
Bhagyanagar Metals bags BSNL order
Aurobindo chief converts warrants PREFERENTIAL ALLOTMENTS Jubilant pref allotment NEW DELHI: The board of directors of Jubilant Organosys Ltd has approved issuance of 9.9 lakh equity shares (of Rs 5 each) for cash, at a price of Rs 1,100 per equity share on a preferential basis to one or more investment entities ... More OVERSEAS BORROWINGS HEG issues $28.75 m FCCBs HEG Ltd, manufacturer of graphite electrodes, has placed $28.75 million unsecured and un-rated five-year foreign currency convertible bonds (FCCBs) at a 32 per cent conversion premium, translating to a price of Rs 192.06 per share. The equity ... More CORPORATE GOVERNANCE `Corporate India must see tax as board level issue' TAX matters should get a full voice in the boardrooms of Corporate India as it is now a big business issue and is on the radar screen of investors and analysts besides government and potential investors, a tax expert has said. "It (tax) should ... More NEW PROJECTS NGO fund for rehabilitating tribals hit by Posco project IN an attempt to bring some respite to the 4,000 tribal families who could be displaced due to the Posco steel project in Orissa, International Watch Organization, based in the US and India, has set up a $5 million (about Rs 22 crore) Tribal ... More OVERSEAS INVESTMENTS Ranbaxy commissions new Malaysia facility RANBAXY Malaysia Sdn. Bhd (RMSB), a subsidiary of Ranbaxy Laboratories Ltd, has commissioned its new manufacturing facility in Sungai Petani, Kedah, Malaysia. This unit is expected to enhance the company's manufacturing capabilities in ... More
L&T plans to set up switchgear unit in China REGULATORY BODIES & RULINGS RBI nod not needed for appointing foreign nationals on co boards THE Reserve Bank of India has clarified that its approval is not required for the appointment of a foreign national as a director on the board of directors of an Indian company under the Foreign Exchange of Management Act, 1999. In a release, ... More ALLIANCES & JOINT VENTURES Relisys pact for clinical trials HYDERABAD: Relisys Medical Devices Ltd, a Hyderabad-based stent and catheter manufacturer, has entered into an agreement with a German company to launch international clinical trials on a drug eluting stent that reduces tissue inflammation ... More DIVERSIFICATION Innosoft plans to shift focus from IT to infrastructure INNOSOFT Technologies Ltd - a Hyderabad-based plastic products manufacturing and IT services provider - has announced its move to diversify into infrastructure development and power-related services. The Chairman and Managing Director of ... More PERFORMANCE Bajaj Auto sales up 5.4 pc in July BAJAJ Auto Ltd (BAL) on Tuesday reported a 5.4 per cent rise in total 2&3-wheeler sales for July to 1,49,406 units from the previous corresponding 1,41,743 units. This included an 11.5-per cent gain in motorcycle sales to 1,15,216 units ... More
Hyundai sales skid in July
TVS Motor sales rev up PEOPLE Provogue promoter arrested on drug charge THE high-profile apparel brand Provogue's promoter Mr Salil Chaturvedi was arrested on Tuesday morning by the Mumbai Police in connection with a narcotics case. He has been arrested under the Narcotic Drugs and Psychotropic Substances (NDPS) ... More Scoreboard SE Diary Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Looking back Jul. 24-Jul. 30 Simplified Exit Scheme draws poor response `No extension of deadline for revised clause 49 compliance' |
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