CORPORATE
ANNOUNCEMENTS
Bosch to double common rail systems capacity
Auto parts maker Bosch on Thursday said it plans to double the production of common rail systems from its Indian plants to six lakh units by 2010. Announcing the roll out of the first batch of common rail high pressure pumps from its Bangalore ...
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OVERSEAS BORROWINGS
Prajay appoints funds advisor
The board of directors of Prajay Engineers Syndicate Ltd at its meeting on Wednesday has appointed PL Advisory Services Pvt Ltd, a financial consultancy firm, to advise the company on raising funds in the overseas markets by ...
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RESTRUCTURING
Essar Steel clears CDR debt
Essar Steel said it has repaid the entire corporate debt restructuring (CDR) debt; the company had a debt of Rs 2,800 crore at the time of the CDR package approval by its lenders in October 2002. It has since repaid the lenders ...
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MERGERS & ACQUISITIONS
Gitanjali Gems' new subsidiary
Gitanjali Gems Ltd has informed the Bombay Stock Exchange that it has acquired 51 per cent shares of Shubalavanya Jewel Crafts Pvt Ltd, which is in the business of manufacturing and trading of precious metal jewellery and diamond ...
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Ficom becomes Coromandel arm
Coromandel Fertilisers Ltd has acquired on Tuesday 31,40,567 equity shares of Ficom Organics Ltd , representing an equity stake of 50.72 per cent. The company has informed the stock exchanges that following this, Ficom has now ...
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NEW PROJECTS
Prime Textiles plans to expand capacity
The Tirupur-based Prime Textiles Ltd has drawn up expansion programme in textile manufacture which includes the company's foray into home textiles. The company's Vice-Chairman and Managing Director, Mr P.D. Patodia, told presspersons that the ...
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Crockery major La Opala plans facility in Uttaranchal
The Rs 35-cr plant to have 4,000-tonne capacity
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ALLIANCES & JOINT VENTURES
Tata Power ties up with Siemens, Doosan for ultra mega projects
To bid for supercritical steam power plants
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EID Parry transfers shares to Roca
EID Parry (India) Ltd on Thursday, transferred 4.32 lakh equity shares of Rs 10 each in its 100 per cent subsidiary, Parryware Glamourooms Pvt Ltd (PGPL), to Roca Sanitario S.A. for a consideration of about Rs 118 crore, after ...
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Raymond ties up with Belgian co UCO NV
Raymond Ltd has formally entered into an agreement with Belgian textile group UCO N.V to create the proposed 50:50 joint venture company that combines their denim businesses. The joint venture would be located in India. The agreement would ...
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STANDARDS & BENCHMARKS
USFDA nod for Wockhardt drug
Wockhardt Ltd has received regulatory approval from the United States Food and Drug Administration (US FDA) for marketing Clarithromycin antibiotic tablets in the US market. Clarithromycin is the generic version of Abbott's ...
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PERFORMANCE
Greenply Ind Q4 net trebles
Greenply Industries Ltd recorded a 334 per cent increase in net profit to Rs 3.77 crore for the quarter ended March 31, as against a net profit of Rs 87 lakh for the corresponding quarter of the previous fiscal. The sales for ...
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