CORPORATE
ANNOUNCEMENTS
Hyundai offers special finance scheme for Getz
Hyundai Motor India on Wednesday launched a special structured finance and buyback scheme for its premium compact car Getz in select markets. Under the scheme, customers in locations like Delhi, Mumbai, Bangalore and Pune will be able to buy a ...
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CSL launches 3 vessels
The public sector Cochin Shipyard Ltd on Wednesday repeated its feat of launching three ships in a single day when the third bulk carrier under construction for Clipper, Bahamas, the 9th fire-fighting tug for ATCO, Saudi Arabia, and the second ...
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Rayalaseema Hi-Strength changes name
Sree Rayalaseema Hi-Strength Hypo Ltd has informed the stock exchanges that its name has been changed to SRHHL Industries Ltd with effect from July 28. The company said the name was changed pursuant to the scheme of arrangement ...
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ACCOUNTING STANDARDS
Some vesting issues in share-based payments
International Financial Reporting Standard 2 mandates measuring the cost of the scheme at fair value and amortising it over the vesting period.
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PREFERENTIAL ALLOTMENTS
Color Chips plans pref allotment
Color Chips India Ltd has informed the BSE that an extraordinary general meeting of the members of the company will be held on August 21 to consider allotment of preferential equity shares and a GDR offer to raise up to $10 ...
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CREDIT RATING
Madras Cements rejects Crisil's rating downgrade
Gets its short-term debt rated by another agency
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MERGERS & ACQUISITIONS
CPCL to pick up stake in SPV for Chennai-Bangalore pipeline project
To invest Rs 50 crore in the 290-km pipeline
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NEW PROJECTS
Royal Classic to ramp up manufacturing potential
To set up own trouser factory; scale up shirt production at its plants
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OVERSEAS INVESTMENTS
`Market yet to gauge impact of overseas acquisitions'
Tata MF hopes to strike deeper roots in close-ended space
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ALLIANCES & JOINT VENTURES
ONGC Videsh looking for opportunities in Venezuela
Tie-up on cards; joint group to study areas of collaboration
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SECURITY
ONGC plans revamp of security system
In the wake of rise in extremist threat perception
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SOCIETY & DEVELOPMENT
Bet on corporate social responsibility portfolio: ITC
"CSR can be a value proposition for companies," said Mr Y.C. Deveshwar, Chairman, ITC Ltd. He spoke of a business model where customers would choose products based on the corporate social responsibility (CSR) portfolio of the company. This ...
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DIVERSIFICATION
Reliance scouts for retail space in Mumbai
Looking at leasing and outright sale of properties
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BONUS ANNOUNCEMENTS
Parsvnath gets in-principle nod for SEZ projects
Leading real estate developer Parsvnath Developers Ltd on Wednesday said that the company has obtained "in-principle" approvals for the development of special economic zones (SEZs) at various locations across the country. These include ...
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STANDARDS & BENCHMARKS
Aurobindo Pharma gets UK nod for antidepressant
Aurobindo Pharma Ltd has announced that it has received the marketing authorisation approval from the United Kingdom Medicines and Healthcare products Regulatory Agency (UK-MHRA) for Mirtazapine 15, 30 and 45 mg tablets containing the active ...
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OUTLOOK
Tata Ryerson plans to hike steel processing capacity
Turnover pegged at Rs 1,000 cr for the current fiscal
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Madras Cements on expansion mode
No plans to go in for equity funds
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Ford India expects to double sales this year
To launch CNG version of Ikon by September
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PERFORMANCE
CFM bags 1,270 aircraft engine orders till June
CFM International, a 50-50 joint company between Snecma (a SAFRAN group company) and General Electric Company, has received orders for 1,270 commercial, military, and spare engines till June at a value of approximately $7.6 billion. "After ...
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Innova captures 15 pc market share in the South
Sells 6,676 units in first six months of 2006
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TRENDS
Large corporates not affected by interest rate hikes
No rise in discount rates on commercial paper
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