CORPORATE
OVERSEAS BORROWINGS
Tata Motors plans to raise $300 m thru ECB
Tata Motors plans to raise $300 million through external commercial borrowings by the end of March 2007 to fund expansion plans. Expansion plans at Tata Motors include the much-awaited Rs 1-lakh car project that will have its plant situated in ...
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DIVIDEND ANNOUNCEMENT
Asian Paints Q2 net rises 27 pc; to pay Rs 5.50 interim
Asian Paints has reported a net profit of Rs 77.56 crore (Rs 61.17 crore) on a stand-alone basis for the quarter ended September 30, a 26.79 per cent rise over the corresponding period of the previous year. Net sales increased by 30.28 per cent ...
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Madras Cements Q2 net quadruples
Madras Cements' net profit has quadrupled to Rs 90.07 crore on net sales of Rs 407.25 crore for the second quarter ended September. During the corresponding previous period, the company had reported net profit of Rs 18.81 crore on net sales of ...
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NEW PROJECTS
QuEST launches aerospace making unit
Inks 10-year supply pact with Magellan Aerospace
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Ashok Leyland to set up unit in Uttaranchal
Ashok Leyland, the Hinduja group company, has announced plans to set up a vehicle manufacturing unit in Uttaranchal with an investment of over Rs 1,000 crore, according to a press release from the company. The company will set up a vehicle ...
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Monnet Ispat plans special purpose vehicle
Monnet Ispat & Energy Ltd (MIEL), formerly Monnet Ispat Ltd, is planning to create an SPV for its proposed power and steel projects in Orissa. Mr Suneet Jajodia, Vice-Chairman and MD of the company, told Business Line on Monday that the ...
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Hindustan Newsprint expansion
The Union Minister for Heavy Industries and Public Enterprises, Mr Santhosh Mohan Dev, inaugurated the expansion-cum-diversification project of the Hindustan Newsprint Ltd (HNL) at Newsprint Nagar, Piravam, near here. The new ...
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ALLIANCES & JOINT VENTURES
NSHM ties up with Swiss co
NSHM Knowledge Campus of Durgapur, India's largest All-India Council of Technical Education-accredited private hotel management institute, has forged a tie-up with the Lucerne-based International Hotel Management Institute (IMI), Switzerland, for ...
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Orchid, Swedish co sign pact
CHENNAI: Orchid Chemicals and Pharmaceuticals Ltd has signed a contract with Swedish biopharma company Biovitrum to support its drug discovery activities, a release from Orchid said. ...
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SICK UNITS
Kerala Govt finds new promoter for revival of Trayons
Agreement with previous suitor to be scrapped
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OUTLOOK
Sarovar Hotels to add rooms
Sarovar Hotels Pvt Ltd, a company that manages hotels and resorts across India, is planning to add more rooms to its existing properties in Kerala. According to Mr Ajay K. Bakaya, Executive Director, Sarovar Hotels Pvt Ltd, both the Muthoot ...
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