Financial Daily from THE HINDU group of publications
Saturday, April 29, 2006
Markets (April 28)
BSE Sensex11851..93 (+16.91)
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US Dollar (Buy/Sell)45.02 (-0.09)


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NEW PROJECTS


Bajaj Auto plans Rs 1,500-cr expansion
An estimated outlay of Rs 1,500 crore spread over the next three years has been approved by the board of directors of Bajaj Auto Ltd here today. The board has cleared projects towards capacity building, research and development, new model ... More

Grasim to spend Rs 4,500 cr on capex
Grasim Industries has announced a bumper capital expenditure plan for the next two years that will increase its group cement production capacity by 8 million tonnes and its viscose staple yarn capacity by 25 per cent. Around Rs 4,500 crore will ... More

ANNOUNCEMENTS


Simplex Infrastructures bags Rs 210-cr order
Simplex Infrastructures Ltd said it has bagged a project worth Rs 210 crore from Reliance Infrastructure to execute civil and structural works, including works for various plants of Reliance Refinery at Jamnagar, Gujarat. "Simplex has been ... More

PSL lowest bidder for GAIL project
PSL Ltd has announced that it has emerged as the lowest bidders in GAIL's Dahej Uran Pipeline Project (DUPL II) tender, for supply of coated pipes valued at Rs 181 crore. This bid has been estimated as the lowest by a comfortable margin of ... More

CtP machine at St Joseph Press
The Governor of Meghalaya, Mr M.M. Jacob, will inaugurate the new Computer-to-Plate (CtP) machine installed at the St Joseph's Press on May 3 here. The fully automated Trendsetter 800 offers unattended operation with productivity of 20 plates ... More

Sanghi Ind to raise Rs 1,500 cr
The board of directors of Sanghi Industries Ltd has decided to raise funds not exceeding Rs 1,500 crore at its meeting held on Thursday. The company has informed the stock exchanges that these funds would be raised either by ... More

PRIVATE PLACEMENT


Pitti allots shares
The board of directors of Pitti Laminations Ltd has, at its meeting held on Wednesday, allotted 4.1 lakh equity shares of Rs 10 each to Mr Akshay S. Pitti under the promoter's category. The allotment was by conversion of equal number of share ... More

CORPORATE DISPUTES


Birla, Lodha tussle over commercial space
Office space `owned' by Rameshwara Jute Mills in Delhi More

AWARDS & HONOURS


SKM gets Apeda quality award
SKM Egg Products Export (India) Ltd in Erode in Tamil Nadu has won the silver trophy award from the Agricultural and Processed Food Products Export Development Authority (APEDA) for quality system implementation and export performance in ... More

CORPORATE BONDS


ICRA puts Karvy under watch
ICRA has placed the `LA' rating assigned to the Rs 50-crore NCD programme of Karvy Stock Broking on rating watch with negative implications. The positive outlook assigned to the rating has been withdrawn. The action factors in ... More

RESTRUCTURING


GSK Pharma sells animal health biz to Virbac
GlaxoSmithKline Pharmaceuticals Ltd (GSK) has approved the sale of its stand-alone animal health business in India, Agrivet Farm Care (AFC), to Virbac Animal Health India Private Ltd for Rs 207.1 crore. The transaction is expected to be completed ... More

ALLIANCES & JOINT VENTURES


Istithmar Hotels announces tie-up with easyHotel
Istithmar Hotels, an investment house based in the United Arab Emirates, on Friday announced a tie-up with Europe's easyHotel Ltd to set up a chain of budget-class hotels in India. The joint venture will be initially investing $100 million to ... More

SAIL in pact with BCCL to develop Moonidih mine
Steel Authority of India Ltd (SAIL) on Thursday signed a memorandum of understanding (MoU) with Bharat Coking Coal Ltd (BCCL) for developing the latter's Moonidih mines in Jharkhand. The agreement will augment coal supply to SAIL by 0.5 million ... More

SOCIETY & DEVELOPMENT


AP Paper Mills to promote farm forestry in wasteland
More

India Inc needs to inculcate national responsibility: Somnath
Thrust to enhance economic condition & education levels More


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RBI Annual Credit Policy 2006-07

Union Budget 2006-2007

Economic Survey 2005-2006


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