CORPORATE
ANNOUNCEMENTS
Essar Steel raises Hazira capacity to 4.6 mt
Essar Steel today announced completion of its expansion plans at its Hazira Complex in Gujarat taking the total capacity to 4.6 million tonnes per annum (mtpa). The second phase of the Essar plant was completed in 18 months with an investment ...
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IndianOil losing extra Rs 8 cr a day on fuel price cut
State-owned oil marketing company Indian Oil Corporation Ltd (IndianOil) said on Wednesday that it was facing an extra burden of Rs 8 crore per day due to recent fuel price cut. "We are losing an additional Rs 8 crore a day on sale of petroleum ...
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PRIVATE PLACEMENT
Varun Shipping mops up Rs 169 cr
Varun Shipping Company has raised Rs 169 crore from allotting 2.25 crore equity shares at Rs 75 each (Rs 10 on capital account and Rs 65 on premium account) for cash to six entities. The six entities are Caledonia Investments ...
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AWARDS & HONOURS
Dahanu Thermal Power gets award
Reliance Energy Ltd's Dahanu Thermal Power Station (DTPS) has won the International Quality Crown for Excellence & Business Prestige in golden category for the year 2006. The global recognition has been instituted by Business ..
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Infrastructure major bags award
Maytas Infra Private Ltd, the Hyderabad-based infrastructure major has bagged the `Fastest growing construction companies in India', award, given by the National Institute of Construction Management and Research and the ...
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AUDITING
ONGC internal audit gets ISO 9001 rating
The internal audit function of Oil and Natural Gas Corporation Ltd (ONGC) has been accredited with ISO 9001:2000 certification by Det Norske Veritas (DNV). DNV handed over the accreditation certificate to ONGC Chairman and Managing Director, Mr ...
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RESTRUCTURING
Delhi Court okays Indiabulls demerger
The Delhi High Court has approved the demerger of real estate business of Indiabulls Financial Services Ltd to Indiabulls Real Estate Ltd. "Upon the scheme of demerger being sanctioned, each shareholder of the transferor ...
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MERGERS & ACQUISITIONS
Panacea Biotec acquires 10 pc stake in UK co
To make ready-to-inject vaccines
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NEW PROJECTS
IFC may invest Rs 100 cr in Moser Baer project
Funding for solar photovoltaic cells and module facility
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DCM Shriram commissions greenfield sugar unit
Another unit to go on stream next week
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Greenply to invest Rs 40 cr for Rajasthan unit expansion
Greenply Industries Ltd, manufacturer of laminates and veneers, plans to invest Rs 40 crore for capacity expansion at its Behror plant in Rajasthan. "As part of the expansion, we are setting up a fourth production line whereby capacity will go up ...
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OVERSEAS INVESTMENTS
Ma Foi sets up operations in Bahrain
Ma Foi Management Consultants Ltd has set up its operations in Bahrain. Mr K. Pandia Rajan, Managing Director of the Chennai-based HR consultant company signed a joint venture agreement with Ms Shaikha Dheya bint Ebrahim Al ...
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House of Pearl Fashions acquires warehouse in UK
Apparel firm House of Pearl Fashions Ltd, which caters to the supply chain demand of customers such as Asda, NEXT, JC Penny and Tesco, has acquired a new warehouse facility in Milton Keynes, UK for over £2.4 million. The storage facility will ...
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ALLIANCES & JOINT VENTURES
Granules pact with Dutch co PharmaMatch
To develop, manufacture and market formulations in EU markets
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EVENTS
Centenary celebrations
The Mangalore-based PVS Beedies Pvt Ltd will celebrate its centenary here on December 7. A press release said here that Mr Justice M. Rama Jois, former Governor of Bihar, would preside over the function to mark the centenary ...
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OUTLOOK
Toyota plans to hike prices
Toyota Kirloskar Motor (TKM) is considering an increase of up to 2 per cent in prices of Innova, Corolla, Camry and Prado. "This increase has been necessitated in spite of the several cost adjustments that we had done this year across all our ...
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PERFORMANCE
Gillette drives biz growth post merger with P&G
New distribution set up
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IOC's refining margins dip on softening global prices
Plans to jointly bid for block in Papua New Guinea
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