CORPORATE
ANNOUNCEMENTS
LMW to split shares
The textile machinery manufacturing major Lakshmi Machine Works Ltd (LMW) on Tuesday resolved to split the face value of its equity shares to Rs 10 per share against the existing face value of Rs 100. The share price touched a 52-week high of ...
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Unitech amusement park in Nov.
Unitech Amusement Parks Ltd has announced commencement of operations of its 62-acre park in Rohini in the Capital from November 14 (Children's Day). The project consists of a water park and retail space of 2.21 lakh sq ft, apart ...
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PREFERENTIAL ALLOTMENTS
Calsoft to offer 5.5 lakh shares to Inatech
California Software Ltd (Calsoft) will offer 5.55 lakh equity shares of Rs 10 each for cash on a preferential basis to four promoter shareholders of Inatech Infosolutions Pvt Ltd at Rs 90 a share, including a premium of Rs 80 per share. Last ...
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OVERSEAS BORROWINGS
Bhagyanagar FCCB allotment
Bhagyanagar India Ltd has announced it has successfully completed the issue and allotment of 150 zero-coupon unsecured foreign currency convertible bonds (FCCB) of $100 each for an aggregate value of $15 million (about Rs 135 ...
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DIVIDEND ANNOUNCEMENT
Singareni pays Rs 44.28-cr dividend
Singareni Collieries Company Ltd (SCCL) has paid a dividend of Rs 44.28 crore to the Andhra Pradesh Government out of its profits for the year 2005-06. The Chairman and Managing Director, Mr S. Narasinga Rao, presented the dividend cheque for ...
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NEW BUSINESS
IVRCL bags Rs 329-cr orders
IVRCL Infrastructures & Projects Ltd has announced that it has bagged orders of the value of Rs 329 crore. In a press release here on Monday, the company said the orders include water transmission works of Rs 284 crore in ...
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MERGERS & ACQUISITIONS
Wanbury buys Spanish co Cantabria for Rs 250 cr
Likely to complete domestic merger process by Dec or Jan
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Corus-Tata deal: An instance of how laws can constrict M&A
The Corus-Tata deal continues to make news, even as both the companies continue to consider various options to combine. For watchers of M&A (merger and acquisition), the deal is a case study of how Indian acquirers have to consider takeover code
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OVERSEAS INVESTMENTS
Tata Motors launches car in Ghana
Tata Motors launched its range of passenger vehicles in Ghana on Monday. The models introduced include the Indica hatchback, the Indigo sedan, the Indigo Station Wagon, the Sumo and the Safari Dicor. Tata Motors already has a presence in Ghana, ...
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ALLIANCES & JOINT VENTURES
ONGC extends comfort letter to Mittal venture
Confirms commitment to joint venture
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INTERVIEW
`8% of patient allocation in clinical trials from India'
Better things yet to come, says GlaxoSmithKline India's outgoing head
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SOCIETY & DEVELOPMENT
Fighting dengue: `Involve pharma cos'
Private sector cos claim Govt not interested
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BONUS ANNOUNCEMENTS
Alchemist proposes 1:1 bonus issue
The board of directors of Alchemist has proposed a bonus issue of shares in the ratio of 1:1, or one share for every one share held. The board has also approved the interim dividend at 50 per cent, or Rs 0.50 per share for ...
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OUTLOOK
GAIL likely to spend Rs 1,125 cr on 3 coal-bed methane blocks
Total capex for the entire project likely to be Rs 2,700 crore
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PERFORMANCE
Hyundai's `Verna' sedan sales
Hyundai Motor India Ltd on Monday said it has notched up sales of over 5,000 `Verna' sedans within the first fortnight of its launch. Commenting on the sales, Mr H.S. Lheem, Managing Director of HMIL, said, "The car has won ...
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