PREFERENTIAL ALLOTMENTS
Alok Ind plans to hike share capital
ALOK Industries has announced plans to increase its authorised share capital by Rs 180 crore to Rs 300 crore through an issue of preference or equity shares to different entities including its promoters. The Jiwrajka family are the company's ... More

Merven to allot warrants to ICICI venture fund
MERVEN Drug Products Ltd (MDPL) has informed the stock exchanges that a meeting of its board of directors would be held on March 20. The purpose of the meeting is to allot 5,67,324 warrants to ICICI Venture Capital Fund and 90,00,000 cumulative ... More

OVERSEAS BORROWINGS
Tata Motors to raise up to $500 m through issue of securities
TATA Motors Limited on Monday informed that its board has approved in principle the raising of additional long-term resources up to $500 million through issue of appropriate securities in the international markets. "The said funds are being ... More

COURTS/LEGAL ISSUES
Kerala HC declines to stay Govt order on Coke
A DIVISION Bench of the Kerala High Court today declined to stay the Government order prohibiting Coca-Cola from drawing ground water from the wells in its plant at Plachimada till the onset of monsoon. The Bench, comprising Mr Justice Cyriac ... More

MERGERS & ACQUISITIONS
Nicholas Piramal gets approval for Canere merger
SHAREHOLDERS of Nicholas Piramal India Ltd approved the scheme of amalgamation for the merger of Canere Actives & Fine Chemicals and the company, at a Court convened meeting held here on Monday. At an EGM held subsequently, shareholders also ... More

NEW PROJECTS
KSE draws up expansion plan; to set up veg refining plant
THE Kerala-based KSE Ltd, one of the leading cattle feed manufacturers in the country, is to embark on an expansion programme by doubling its solvent extraction capacity apart from setting up a modern eco-friendly vegetable refining plant. The ... More

IOC eyes Gujarat, Haryana for naphtha cracker plant
INDIAN Oil Corporation Ltd is evaluating locations in Gujarat and Haryana for setting up an eight-lakh tonnes-a-year naphtha cracker. The project, part of IOC's Rs 15,000-crore investment plan for expanding presence in the petrochemicals ... More

Tyco Elec to make refractive plate switch at Bangalore
TYCO Electronics, a business segment of Tyco International Ltd, and a leader in electrical and electronic components, on Monday announced that it will start manufacturing high-end MIL (military) certified product called the refractive plate ... More

ALLIANCES & JOINT VENTURES
HPCL inks product sharing agreement with Shell India
HPCL on Monday signed an agreement with Shell India Private Ltd for product and infrastructure sharing between the two companies. In January this year, Shell had signed a similar memorandum of understanding with MRPL. The non-binding MoU ... More

PUBLIC OFFER
GAIL issue proves sceptics wrong: CMD
THE Chairman and Managing Director, GAIL, Mr Proshanto Banerjee, is today a very happy man indeed. Not only did his body language show it all, it was also exuberance that he exuded while rattling off the final numbers of the gas major's ... More

BONUS ANNOUNCEMENTS
Berger Paints EGM okays 1:2 bonus
AT the extraordinary general meeting held here on Monday, the shareholders of Berger Paints India Ltd approved the resolution relating to the issue of bonus shares in the ratio of 1:2. The shareholders also approved another resolution relating ... More

OUTLOOK
Ten Sports expects rise in subscription declaration
TEN Sports, which holds the exclusive broadcast and radio rights to the India-Pakistan cricket series, hopes for a boost in subscription declaration by 23-25 per cent during the series, Mr Chris McDonald, Chief Executive Officer, Taj Television ... More

Adesh Gupta new Liberty Shoes CEO
THE Rs 225-crore Liberty Shoes Ltd (LSL) has a new Chief Executive Officer (CEO) in Mr Adesh Gupta. His appointment comes at a time when over Rs 350-crore Liberty Group, which is celebrating the Golden Jubilee of its existence, is on a ... More

PERFORMANCE
Bhilai Steel posts 15 pc rise in output
BHILAI Steel Plant (BSP) has registered a 15 per cent growth in production during the first 11 months of the current financial, which is almost double the steel industry's average growth rate. According to sources, domestic steel industry, ... More

PEOPLE
Talaulicar to oversee Cummins operations
POWER solutions provider Cummins Inc on Monday elevated Mr Anant Talaulicar, one of the two Joint Managing Directors at Cummins India, to head the top slot at its Indian operations. Mr Talaulicar takes over as Managing Director, Cummins India ... More