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Friday, October 20, 2006
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DIVIDEND ANNOUNCEMENT
Ingersoll Rand to pay interim
Ingersoll Rand India Ltd has declared an interim dividend of Rs 3 per share (30 per cent) for fiscal 2006-07 on the back of surging profits during the quarter ended September 30. The company reported a net profit of Rs 14.7 crore ... More

Satluj Jal pays dividend
NEW DELHI: Satluj Jal Vidyut Nigam Ltd (SJVNL) has declared a dividend of Rs 159.43 crore for the last fiscal. In lieu of its 75 per cent stake in the project, the Centre has been given a dividend payout of Rs 119.57 crore, a company ... More

AWARDS & HONOURS
23 Indian cos in Forbes Asia list of `best under a billion'
List includes Asian Paints, Bharat Forge, Cipla More

MANAGEMENT
The organisation and I
How selfishness can be good for your career graph... More

MERGERS & ACQUISITIONS
Punj Lloyd stake
NEW DELHI: Punj Lloyd Ltd on Thursday said it has acquired the balance 12 per cent stake in Sembawang Engineers & Constructors through its wholly owned subsidiary, Punj Lloyd Pte Ltd, for about Rs 14 crore. ... More

Govt mulls Kanpur mill, NTC merger
The Government is seriously considering the merger of the British India Corporation Mill of Kanpur with National Textile Corporation (NTC), according to Union Textile Minister Mr Shankersinh Vaghela. Stating this at a meeting of the ... More

NEW PROJECTS
Reliance Petro spends Rs 4,054 cr on refinery project
Reliance Petroleum Ltd (RPL) has spent Rs 4,054.50 crore on its refinery under construction at Jamnagar as on September 30 against the projected Rs 7,266 crore, the company said on Thursday. In a notice to stock exchanges, the company said the ... More

Eaton Corp to set up unit at Ranjangaon
Will manufacture gears, shafts and gearboxes More

Dalmia Cements to set up greenfield plant in AP
Rs 1,450 cr will be invested for a 4 mtpa capacity More

Rs 16,522-cr capex outlay for ONGC
Budget estimate for 2007-08 also raised to Rs 18,359 cr More

PM lays foundation stone for Hero Honda plant
The Prime Minister, Dr Manmohan Singh, on Thursday laid the foundation stone for Hero Honda's new two-wheeler plant at Haridwar, which will see the company invest Rs 1,900 crore by 2010. The plant, expected to be operational by mid-2007, will ... More

OVERSEAS INVESTMENTS
Rain Commodities arm acquires US firm
Rain Commodities Ltd has announced that it has, through its wholly-owned subsidiary Rain Commodities (USA) Inc (RCUSA), acquired 100 per cent membership interests of AIP/GLC Holdings LLC from American Industrial Capital Partners II LP, which in ... More

INCOME TAX
Assocham seeks more time for filing returns
The Associated Chambers of Commerce and Industry of India (Assocham) has urged the Finance Minister to extend the due date for filing of income-tax returns till December as against October 31. In a representation to the Finance Minister, Mr P. ... More






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