Financial Daily from THE HINDU group of publications
Tuesday, March 21, 2006
Markets (March 20)
BSE Sensex10941.11(+81.07)
S&P CNX Nifty3265.65 (+31.60)
US Dollar (Buy/Sell)44.45 (-0.02)


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ANNOUNCEMENTS


Carborundum special interim
Carborundum Universal on Monday announced that it would pay a `special interim dividend' of Rs 2.40 per share of Rs 2, or 120 per cent. The company has also decided to raise $50 million through a rupee or foreign currency loan ... More

LGB plans to raise Rs 200 cr
The Coimbatore-based auto component manufacturer L.G. Balakrishnan & Bros (LGB) has planned to raise Rs 200 crore to fund its expansion and to retire high cost debt. An Issue Management Committee (IMC) consisting of the Managing Director, Mr B. . More

PREFERENTIAL ALLOTMENTS


Vimta Labs EGM approves pref offer
The shareholders of Vimta Labs Ltd at an extraordinary general meeting held on Saturday, approved the proposed preferential offer of equity shares of Rs 10 each at a premium of Rs 950 per share (five shares of Rs 2 each on sub-division at a ... More

RESTRUCTURING


JP Morgan investing in Andhra Cements
To pump in Rs 73 cr in G.P. Goenka group co More

EID Parry to expand sugar biz
To invest Rs 850 crore More

MERGERS & ACQUISITIONS


Roca of Spain to invest Rs 270 cr in Parryware
Roca of Spain, a world leader in bathroom products, will invest about Rs 270 crore (50 million) for a 50 per cent stake in the Parryware business of E.I.D.-Parry (India) Ltd. EID Parry had transferred the Parryware business to a ... More

NEW PROJECTS


Tata Power plans 2 coastal plants in Maharashtra
Tata Power Company, which was in the process of finalising a 1,000 MW coastal power plant in Maharashtra, may now put up two 1,000 MW plants if conditions prove favourable, according to Mr Adi Engineer, Director, Tata Power Company. "It is Tata ... More

Environmental nod for KRL's expansion plan
The Rs 2,000-crore expansion-cum-modernisation plan of Kochi Refineries Ltd has been cleared by the Ministry of Environment and Forests. The project, which is to be executed in the refinery's existing facilities, envisages capacity expansion ... More

IVRCL setting up steel fabrication unit
To make transmission-line-tower-parts More

Saertex sets up new facility in Pune
Saertex, a player in the stitch-bonded fabric sector, has set up its Asia's first manufacturing plant at Hinjewadi in Pune. Headquartered in Germany, the company has six manufacturing facilities across the globe and the Indian facility is the ... More

OVERSEAS INVESTMENTS


Bharat Forge venture with China co begins
Amount paid for stake `cannot be disclosed' More

SOCIETY & DEVELOPMENT


MGL sponsors accident cover
Mahanagar Gas Ltd (MGL) has sponsored a group personal accident cover for over 2.25 lakh drivers operating CNG- driven taxi and auto rickshaws within MGL's area of operation. The cover will be offered by ICICI Lombard General ... More

DIVERSIFICATION


Bharti in talks with Wal-Mart, Tesco for retail foray
Keen on bidding for Chennai, Kolkata airport modernisation More

OUTLOOK


JCBL auto parts unit to contribute 20 pc to turnover
Mobility Solutions to contribute Rs 100 crore More
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