Financial Daily from THE HINDU group of publications
Thursday, May 11, 2006
Markets (May 10)
BSE Sensex12612.38(+98.52)
S&P CNX Nifty3754.24 (+33.70)
US Dollar (Buy/Sell)44.96 (-0.03)


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ANNOUNCEMENTS


MRPL to export petro products to Mauritius
Mangalore Refinery and Petrochemicals Ltd (MRPL), a subsidiary of ONGC, will be exporting petroleum products to Mauritius. In a statement issued here, ONGC said the State Trading Corporation of Mauritius had finalised import of its entire ... More

PRIVATE PLACEMENT


Quibbling over QIBs
The latest quip for the markets is, "Hi, QIB! Ready for QIP?" Because SEBI (the Securities and Exchange Board of India) has opened a new avenue for companies to raise funds through QIP (qualified institutional placement) with QIBs, that is, the ... More

OVERSEAS BORROWINGS


Reliance Natural okays FCCB issue
The board of directors of Reliance Natural Resources Ltd on Wednesday approved the issuance of zero coupon foreign currency convertible bonds (FCCBs) in the international markets up to $300 million. The issue will consist of three lakh FCCBs of ... More

AWARDS & HONOURS


Award for SEC Industries
The Hyderabad-based SEC Industries Ltd has been selected for the annual Technology Day awards for 2006 given by the Union Ministry of Science and Technology. The award recognises the company's ability to indigenously develop and ... More

MERGERS & ACQUISITIONS


Mirc Electronics promoters may part ways
Family holding of 53.29% is mainly through Guviso Holdings More

NEW PROJECTS


BPCL board okays Kochi Refineries expansion
Mechanical completion of project facilities scheduled for Sept `09 More

ONGC to award CBM project to MEC consortium
The board of directors of ONGC has allowed the company to award a Rs 950-crore integrated contract for exploration and development of coal bed methane (CBM) in six blocks in Jharkhand and West Bengal to a consortium of Mineral Exploration ... More

Gangotri Textiles to raise Rs 55 cr through public issue
The company proposes to part-finance Rs 351 cr investment plan More

Tata Steel Orissa unit ready to kick off
MD promises to take care of resettlement and rehabilitation More

DS Group to set up 3 plants in North East
Chalks out Rs 390-cr diversification plan More

OVERSEAS INVESTMENTS


OVL bids for oil block in Angola
The Petroleum Minister, Mr Murli Deora, on Wednesday sought greater co-operation in oil and gas sector between India and Angola. At a meeting of the Petroleum Minister with theAngolan Foreign Minister, Mr Joao Bernardo de Miranda, here on ... More

BONUS ANNOUNCEMENTS


Alps Industries Q4 net up 51 pc
Alps Industries Ltd has reported an increase of 51 per cent in the net profit at Rs 8.01 crore for the fourth quarter ended March 2006 from Rs 5.32 crore during the same period last year. Income from company operations has recorded an increase ... More

SICK UNITS


Proposal drawn to revive IDPL
Industry associations agree to pledge funds More

OUTLOOK


Yamaha mulls new plant in South India
Launches Gladiator in two versions; to be priced at Rs 41,990 and Rs 44,990 More

Tata Power to bid for 300 MW project in S. Africa
May entail Rs 1,200-cr investment More

MMTC Transnational eyes 50 pc growth
`India-Singapore economic pact has made more competitive' More

Advanced Medical Optics set to expand network
Aims to strengthen presence through strong distribution More


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Top Stories
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