CORPORATE
ANNOUNCEMENTS
UB Holdings calls meet on July 13
United Breweries Holdings has called for an extra ordinary general meeting on July 13 seeking shareholders' approval to raise up to Rs 1,500 crore from banks or financial institutions for company's requirements. In a notice to ...
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NCC bags Rs 422-cr orders
Nagarjuna Construction Company Ltd (NCC) has announced that it has secured two new orders aggregating Rs 422-crore. It informed the stock exchanges that the first order is for construction of mega sports complex at Ranchi valued ...
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COURTS/LEGAL ISSUES
CLB reports reduction in pendency of cases
The Company Law Board has reported reduction in pendency of cases, a scenario that stems from heightened activity in the last few months. Its benches are currently taking up and disposing of cases quicker than before, Mr S. Balasubramanian, ...
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MERGERS & ACQUISITIONS
GHCL to acquire UK's Rosebys for $40 million
Acquisition process likely to be completed by October
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HC approves Essar Steel merger plan
Essar Steel Ltd has informed the BSE that the Gujarat High Court has approved the scheme of amalgamation of Hy-Grade Pellets Ltd and Steel Corporation of Gujarat Ltd with itself. The High Court also approved Essar Steel's ...
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NEW PROJECTS
Bhilai Electric Supply to set up new plants
A total of 766 acres of land has already been identified for the project. Project cost estimated at Rs 2,600 cr
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Balrampur Chini to set up 2 greenfield sugar units in UP
Projects to cost Rs 500 crore
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REGULATORY BODIES & RULINGS
CLB chief hints at end to Haldia dispute
Is an amicable solution possible between the West Bengal Government and Dr Purnendu Chatterjee, whose fight over Haldia Petrochemicals Ltd (HPL) has been a talking point in corporate circles? Yes, if one goes by what is being broadly hinted by ...
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ALLIANCES & JOINT VENTURES
Reliance Ventures, HSIIDC to set up 25,000-acre SEZ in Haryana
Overall investment pegged at Rs 40,000 cr; zone to house 2,000 MW power plant
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SAIL mulls joint venture cement unit with Jaiprakash
Aim is to make proper utilisation of slag as disposal is difficult
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Sami Labs all set for Malaysian foray
In talks with Federal Land Development Authority for joint venture
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INTERVIEW
No decision yet on buyback: REI Agro
`Nothing special in buying shares from market at Rs 70/share'
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No chance of equity issue now: Sundram Fasteners
Mr V.G. Jaganathan, President of Finance at Sundram Fasteners, says that the company's debt-equity ratio stands at around 1:3. Mr Jaganathan further says that the company's debt portion is expected to increase, thanks to increasing working ...
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STANDARDS & BENCHMARKS
Ashok Leyland builds customer database
To sell is to know your customers. Ashok Leyland has built-up a data base of 130,000 customers. The information captures the business nuances of the customers and shows Ashok Leyland precisely where and how the customer would use trucks. The ...
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TVS & Sons bags ISO 14001:2004 certificate
Sundaram Iyengar & Sons Ltd(TVS & Sons Ltd), the parent company of TVS Group, has been certified as ISO 14001:2004 by TUV SUD Management Services Gmph, for implementing the Environment Management System in sales and service of automotive vehi
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SICK UNITS
Andhra Cements gets Rs 80-cr funds
Following a rehabilitation scheme approved by the Appellate Authority for Industrial and Financial Reconstruction (AAIFR) recently, Andhra Cements Ltd (ACL) has received Rs 79.99 crore of funds infusion. The company has informed ...
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PEOPLE
New V-P for Katriya Hotels
Mr K.V. Madhu Nair has joined the Katriya Hotels & Towers, a business class hotel, here as senior Vice-President (Operations). Mr Nair, who is also the Secretary General of the Hotels & Restaurants Association of Andhra Prade
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