The Hindu Business Line : Wednesday, May 03, 2006

IL&FS raises $95 m for realty fund
IL&FS Investment Managers Ltd on Tuesday said it raised additional $95 million from foreign investors for the Infrastructure Leasing & Financial Services Realty Fund. In a notice to the Bombay Stock Exchange (BSE), the company said it had ... More

MERGERS & ACQUISITIONS

Tata Tea UK arm to buy Czech firm JEMCA
Acquisition to grow Tata group's presence in Eastern Europe More

Shivalik Global to buy Shyam Tex
Fabric and apparel maker Shivalik Global Ltd, today said its board has approved the acquisition of Shyam Tex International Ltd for Rs 25.69 crore. The acquisition would be done through a mix of cash and stock, the company said in a statement. ... More

Aksh, broadband arm to merge
The boards of Aksh Optifibre Ltd and Aksh Broadband Ltd have decided to go for a merger. The merger ratio is 2:7. It means that for every two shares of Aksh Broadband held by its existing shareholders, seven shares of Aksh ... More

NEW PROJECTS

Surana Ind to set up steel complex at Raichur
To produce steel products for automobiles; to raise Rs 300 crore from the market More

Leela Group to set up five new hotels
The Leela Group of Hotels will expand its chain of luxury hotels by setting up five new hotels across the country at an estimated investment of Rs 1,200 crore. These include four new hotels in Udaipur, Chennai, Hyderabad and Pune. The fifth one ... More

Uniply to set up plant in UP
Uniply Industries Ltd, a Chennai-based plywood and panel manufacturing company, plants to set up a 40,000 cu. m a year plant in Uttar Pradesh. It also plans to set up a 50,000 cu. m plant (location of the plant was not disclosed) and a power ... More

ALLIANCES & JOINT VENTURES

Glenmark acquires rights for two products in US
Glenmark Pharmaceuticals Ltd has inked a supply and marketing agreement with Lehigh Valley Technologies Inc (LVT) to make and market two liquid generic pharmaceutical products in the US. Executed through Glenmark's wholly-owned subsidiary, ... More

ITC ties up with Exim Bank for Mangaldeep
Marketing Mangaldeep abroad More

SOCIETY & DEVELOPMENT

`Biz must aid marginalised sections'
There is need for partnership to ensure `affirmative action' to empower marginalized people to play their role in the development of the nation, said the Minister of State for Industry, Mr Ashwini Kumar. Addressing a meeting on `Disability: ... More

DIVERSIFICATION

IOC to award contract this month for petrochemical foray
Total bid value for the project is approximately Rs 11,900 crore More

BONUS ANNOUNCEMENTS

KSL & Ind announces 1:5 bonus
Company announces bonus and 10 pc dividend More

OUTLOOK

BPL spots 8 new growth areas
Plans foray into mobile handset manufacturing More

Advance India scouts for partners for new projects
In talks with financial institutions, realty funds More

RIL seeks parity with PSUs over sale of petro products at controlled price
Says heavy investments in retail segment affected by Govt policy More

PERFORMANCE

Bajaj Auto sales up 29 pc in April
Bajaj Auto Ltd has reported a 29 per cent increase in its two and three-wheeler sales for April. The auto major has reported sales of 2,12,123 vehicles during April against 1,65,045 units in April last year. Exports helped the ... More

TVS Motor sells 80,862 units in April
TVS Motor Company sold 80,862 motorcycles in April 2006 compared to 52,825 units in the same month last year, according to a press release from the company. But the sales last month were 3.6 per cent lower than in the previous month. In ... More

Skoda Auto sales up 54% in April
SkodaAuto India has sold 984 units in April 2006, higher by 54 per cent from 639 units sold in April last year. The figure includes 69 units of the flagship model Skoda Superb. Skoda Auto India had recently announced the launch ... More

HMIL April sales up
Hyundai Motor India today said it sold 25,849 cars in April 2006, of which domestic sales accounted for 15,007 units and exports 10,842 cars. In April 2005, the company sold 19,915 cars of which domestic sales accounted for ... More

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