CORPORATE
ANNOUNCEMENTS
Essar Oil starts trial runs at Vadinar refinery
Plans to export 30-40 pc of production
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PRIVATE PLACEMENT
UniverCell plans to raise Rs 100 cr
UniverCell Telecommunications India Private Ltd, the Chennai-based retailer of mobile phones, is planning to raise about Rs 100 crore through equity dilution to fund its pan-India expansion plans. The closely held company is talking to private ...
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OVERSEAS BORROWINGS
Assam Co raises $46 m
Assam Company today announced the successful raising of $46 million through zero coupon unsecured foreign currency convertible bonds (FCCBs). The bonds, having tenure of five to seven years, will be convertible into equity shares ...
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DIVIDEND ANNOUNCEMENT
Sundram Fasteners to pay 85% interim
Sundram Fasteners Ltd has informed the Bombay Stock Exchange that the Board of Directors, which met on Friday, approved payment of interim dividend of Re 0.85 per equity share of Re 1 each for the year ending March 31, ...
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INSIGHT
India Inc: The new turnaround specialist on the block
Over the last decade India Inc has proved its mettle on the global stage, not just by zealously acquiring companies but, more importantly, turning them around. These turnaround stories are making it easier for Indian companies to raise money in inter national markets, backed by greater credibility and their unique value-creating management expertise, says AJAY KHANNA.
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MERGERS & ACQUISITIONS
Tata Steel dubs media reports speculative
Tata Steel on Friday sought to underplay media reports that its board meeting on Thursday had considered increasing its 455 pence a share bid for acquisition of Anglo-Dutch steel maker Corus. The company e-mailed a statement, which was so ...
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NEW PROJECTS
SAB Miller plans capacity expansion
To involve investment of about Rs 200-250 crore
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Ford's new diesel engine plant may serve as outsourcing hub
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Haldia Petrochem to go ahead with naphtha cracker unit plan
Likely to appoint a consultant soon
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Jupiter Bio plans to raise Rs 95 cr
Jupiter Bioscience has decided to raise Rs 95 crore to fund its expansion programmes and long-term working capital requirement. The Hyderabad-based company plans to go for a combination of debt and fresh issue of equity shares, ...
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REGULATORY BODIES & RULINGS
Zydus files application for obesity drug
Zydus Cadila has filed an Investigational New Drug (IND) application with the Drug Controller General of India for the new molecular entity — ZY01, a drug candidate for treating obesity and related disorders. ZYO1 is an ...
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ALLIANCES & JOINT VENTURES
Madura Garments in pact with Sierra for footwear
Madura Garments, as part of an aggressive extension drive, has entered into a strategic tie-up with Sierra Industrial Enterprises to introduce premium footwear in the Van Heusen, Louis Philippe and Allen Solly brands. The size of the current ...
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DIVERSIFICATION
Kovilpatti Lakshmi forays into metal manufacturing
Kovilpatti Lakshmi Roller Flour Mills Ltd (KLRF) is diversifying into metal manufacturing through its recent part-acquisition of the Coimbatore-based Eltex Super Castings Ltd, a manufacturer of grey iron, SG iron and alloy iron ...
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OUTLOOK
Honda Motorcycle plans export-push for bike models
Hopes domestic sales to cross 7 lakh units this fiscal
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DaimlerChrysler expects to sell 2,000 cars in current year
Launches upgraded E-Class Mercedes-Benz models
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NTPC to spend Rs 6,000 cr on coal block
NTPC Ltd plans investments to the tune of around Rs 6,000 crore for developing its 15-million-tonnes per annum Pakri Barwadih captive mine — the first of a series of eight mining blocks allotted to power major. The company plans to start ...
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