CORPORATE
ANNOUNCEMENTS
Binani revives stake sale plan in cement arm
Binani Industries has revived its plan to float 10.9 per cent equity of its cement arm Binani Cement Ltd through a public issue. On Tuesday, the company said it had withdrawn the draft prospectus filed with SEBI in February for sale of 10.9 ...
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Brandix imports sewing machines
Brandix India has received the first consignment of 100 sewing machines through the Visakhapatnam port, imported from Hong Kong, and they are to be installed at the company's temporary training centre at Pendurthi near here, ...
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Southern Online to sell bio-diesel at Rs 2 less
Southern Online Bio Technologies has decided to sell its bio-diesel at Rs 2 less than the regular diesel oil. Mr Satish, the company's Managing Director, told Business Line that the company could offer the oil at a lesser price as the ...
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Correction
In the Q2 results of Kerala Ayurveda, which appeared in these columns on November 4, the net profit for the quarter ending September 2006 was wrongly reported as Rs 2.7 crore instead of Rs 26.97 lakh. The profit after tax for April-September 2006 ...
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NEW BUSINESS
Punj Lloyd bags IOC contracts
Engineering and construction major, Punj Lloyd (PLL) has secured two contracts worth Rs 1,163 crore for Indian Oil Corporation's refinery project being implemented at its complex at Haldia in West Bengal. The contracts awarded ...
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Core Projects bags Rs 30-cr US contract
Also bags contract from Jharkhand Govt
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MERGERS & ACQUISITIONS
NTPC may pick up stake in TELK
TELK upgradation expected to cost Rs 150 crore
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Manugraph to buy Dauphin for $19.2 m
Manugraph India Ltd, the country's largest manufacturer of web offset printing machines, will acquire Dauphin Graphic Machines Inc (DGM), manufacturer of web offset printing machines in Pennsylvania, US, for $19.2 million, the company said in a ...
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NEW PROJECTS
FIPB clears way for Guardian Ind's 100 pc arm
Not to hurt partnership with Modi Rubber, says company
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Sula Vineyards to invest Rs 80 crore in expansion
To upscale winery, acquire quality planting material
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OVERSEAS INVESTMENTS
Himadri Chem plans to raise funds thru shares, warrants
Himadri Chemicals & Industries is issuing warrants and equity shares to fund its acquisition in China and capacity expansion at home. It has planned to raise additional funds of Rs 145.34 crore through issue of 60 lakh equity shares of Rs 10 each
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ALLIANCES & JOINT VENTURES
ONGC, Hinduja ink MoU for E&P business
ONGC and Hinduja Group on Tuesday signed a memorandum of understanding to form joint ventures to pursue global opportunities in liquefied natural gas (LNG) and linked exploration and production (E&P) business. According to a statement issued by .
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Rolls-Royce, HAL to expand tie-up ambit
Rolls-Royce and Hindustan Aeronautics Ltd plan to extend their 50-year tie-up for engine component design and manufacturing in India, as per a new MoU signed by them. The MoU signed in Bangalore on Sunday can now include more strategic ...
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OUTLOOK
Anil Ambani group to invest Rs 100 cr in Phase I
CBM blocks awarded; Govt expecting $1 b in investment
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Mahindra plans to launch Scorpio range in US
To cater to the world's largest utility vehicle, pick up market
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Essar completes de-listing of US arm Aegis
Essar Group has wrapped up the process of de-listing of its US-based subsidiary, Aegis Communication, from the OTC BB of NASDAQ through a short-term merger process at a total equity valuation of $57.4 million. Aegis, which is engaged in ...
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Frontier Lifeline to promote `medical bioscience park'
Frontier Lifeline Hospital of Chennai intends to promote a `National Medical Bioscience Park' over a 360-acre land at Elavur village, north of Chennai. The park is expected to attract over Rs 2,000 crore of investments from various companies ...
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BG India to expand operations
Plans foray into city gas distribution
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PERFORMANCE
Ashok Leyland Oct sales up 70 pc
Ashok Leyland sold 7,255 trucks in October 70 per cent more than in the corresponding month in 2005. A statement from Ashok Leyland says that the company sold 44,158 vehicles in April-October, against 32,496 in the corresponding ...
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