CORPORATE
PREFERENTIAL ALLOTMENTS
Sagar Cements plans pref offer
The board of directors of Sagar Cements Ltd at its meeting on Wednesday decided to issue 18,50,000 convertible warrants of Rs 82 each on a preferential basis to identified persons in the promoter group. However, the decision ...
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CORPORATE DISPUTES
PTL rejects arbitration
Resolution of dispute with Swaraj Mazda
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COURTS/LEGAL ISSUES
When does private turn public?
The Delhi High Court has held that "unless a private company is a subsidiary of a public company it cannot be treated as a public company."
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Norway court favours Ranbaxy on atorvastatin
Ranbaxy Laboratories Ltd (RLL) on Wednesday announced that a Norwegian court had handed down a favourable decision for Ranbaxy in its case against Pfizer, involving two patents on atorvastatin in Norway. Atorvastatin is a cholesterol-lowering ...
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HC confirms SIV Ind's mines, stock sale
The Madras High Court has confirmed the sale of mining lands and stocks belonging to SIV Industries Ltd to India Cements for Rs 1.80 crore against an upset price of Rs 38.23 lakh. The mines and limestone stocks are located in ...
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MERGERS & ACQUISITIONS
Essel Propack to acquire CavinKare's packaging arm
In all-cash deal of Rs 63.5 crore
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India Pistons may merge IP Power with itself
`The merger would make revival of subsidiary easier'
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United Phosphorus to buy Bayer CropScience's products
United Phosphorus Ltd (UPL) has entered into an agreement with Germany's Bayer CropScience AG to purchase certain crop protection products for € 43.5 million (about Rs 259 crore). The products covered by the agreement include systemic ...
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Escorts to divest stake in Carraro
Escorts today said that it would sell its 49 per cent shareholding in Carraro India to joint venture partner Carraro S.p.A. of Italy for 20 million euros. The funds would be utilised to repay part of the company's debt and reduce interest ...
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NCL Ind approves Deloitte's valuation
The board of directors of NCL Industries Ltd on Wednesday approved the recommendations of Deloitte Haskins and Sells, Chartered Accountants, on the share exchange ratio for the proposed amalgamation of NCL Energy Ltd with the ...
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CORPORATE GOVERNANCE
Ensuring `faithful representation' in financial reports
The IASB and the FASB have brought out a discussion paper on the qualitative characteristics of decision-useful financial reporting information. `Reliability' came out very strongly as being one of the key characteristics
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NEW PROJECTS
Alok Ind plans more exclusive stores
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Mantri super premium apartment ready
Occupants personally chosen by company's Chairman
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SAIL urged to complete expansion ahead of schedule
The Minister for Steel, Mr Ram Vilas Paswan, on Tuesday asked Steel Authority of India Ltd (SAIL) to complete its expansion plan in a span of three years instead of the earlier schedule of five years. The Minister interacted with the SAIL ...
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Microsoft to set up centre for Vista migration in India
Plans to step up its R&D operations out of India and expand activity across six functional divisions in the country
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REGULATORY BODIES & RULINGS
`No exemption from Clause 49 compliance'
Big cos will be pulled up by SEs for non-compliance
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ALLIANCES & JOINT VENTURES
HCG ties up with Ramaiah hospital
Oncology player HealthCare Global Enterprises Ltd and M.S. Ramaiah Memorial Hospital have announced the launch of their new joint venture in cancer care, Gokula-Curie Centre of Oncology. The centre will be located at the premises of the ...
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Poly Medicure scouting for strategic partner
Expects to foray into US market by year-end
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Indo Asian forms venture with Spanish co Simon
Indian partner to hold 51% stake in the new entity
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SOCIETY & DEVELOPMENT
Sanofi grant to Isha Foundation
Pharma major Sanofi Aventis India has offered to support Isha Foundation's initiatives in the rural areas by offering a grant of Rs 24 lakh this year. The fund is to be made available in two equal installments. Presenting the ...
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OUTLOOK
ACE plans overseas acquisition
Plans IPO to fund new plant in Faridabad
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BMW to begin production in India early next year
Company to sign MoU for wholesale and retail financing
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PERFORMANCE
Cos witness growth in profit margins
Drop in debt servicing, lower dependence on borrowed funds cut interest payouts
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PEOPLE
Sharma frontrunner for ONGC Chairman post
The suspense over who will be the chosen one to head the State-owned ONGC more less ended on Wednesday with Mr R.S. Sharma, Director (Finance) of the company, emerging as the clear winner. Mr Sharma, who took charge as acting Chairman and ...
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