CORPORATE
ANNOUNCEMENTS
Maruti hikes prices by Rs 500-5,000
Under pressure from increasing input and freight costs, Maruti today hiked prices of certain models, including those of the Alto and M800, from Rs 500 to Rs 5,000. The increase, with effect from Tuesday, varies from 0.17 per cent to 1.47 per ...
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BUYBACK
Confusion over Infomedia record date for buyback
No intimation of change; aggrieved investors raise issue with SEBI
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AWARDS & HONOURS
Visvesvaraya award entries
The All-India Manufacturers' Organisation (AIMO - AP chapter) has called for entries from entrepreneurs for the prestigious `Bharat Ratna Dr M Visvesvaraya Industrial Awards' for 2006. In a press release, the AIMO said the ...
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ACCOUNTANCY
ICSI seminar on Aug 5
The Institute of Company Secretaries of India (ICSI), Andhra Pradesh Chapter, will organise a joint seminar with the Nalsar Law University for the benefit of students of law on August 5. Mr Justice T.N.C. Rangarajan, a retired ...
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MERGERS & ACQUISITIONS
Herbertsons gets HC nod for merger
Herbertsons Ltd has informed the Bombay Stock Exchange that the Bombay High Court had on July 31, 2006, sanctioned the composite scheme of arrangement in respect of the amalgamation of the company with McDowel & Company Ltd. With
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NEW PROJECTS
Visa Steel to commission Kalinganagar plant by Sept
To invest Rs 1,146 cr in ferro chrome, DRI, power, steel plants
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Britannia plans to set up contract manufacturing units
Locations, biscuit brands identified
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Breathing equipment maker ResMed sets up office in India
The US-based manufacturer of breathing problem related equipment ResMed said it is in the process of setting up its subsidiary in India, with its office already established in the country. "We will facilitate doctor-to-doctor interactions, spread ...
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OVERSEAS INVESTMENTS
Bangla power venture plan still on: Tata
The doors have not been completely shut on Tata Power's plan for a 1,000-mw power project in Bangladesh, Mr Ratan Tata, Chairman of the Tata Group indicated to shareholders here on Tuesday. Tata Power is still considering the project. However, ...
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REGULATORY BODIES & RULINGS
Granules India gets USFDA nod for intermediates
Granules India Ltd (GIL), and the US-based Amneal Pharmaceuticals LLC have announced that they have received approval for the abbreviated new drug application (ANDA) of anti-diabetic drug Metformin Hydrochloride tablets of 500 mg, 850 mg and ...
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ALLIANCES & JOINT VENTURES
DQ Entertainment buys 20% in French TV production house
The Hyderabad-based gaming and animation major DQ Entertainment Ltd (DQE) has bought 20 per cent equity stake in France-based TV production house Method Films. The € 2.5-million deal is intended to "strengthen the existing relationship and ...
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Trivitron plans Rs 22-cr medical equipment unit
The Chennai-based Trivitron and Chinese medical equipment major Neusoft on Tuesday announced plans to jointly set up a manufacturing facility either in Bangalore or Chennai. The initial investment shared equally would be around Rs 22 crore ($5 ...
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OUTLOOK
Discount issue: MRPL told to negotiate with OMCs
RIL unwilling to extend discounts to OMCs
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Tata Motors plans to expand retail network
To strengthen presence in smaller markets
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Tariff panel recommendations could hit ONGC's revenues
Oil major against differential pricing proposed by panel
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Tata Motors June sales up 44.5%
Tata Motors has reported total sales of 45,056 vehicles (including exports) for July, a growth of 44.5 per cent over 31,173 vehicles sold in July last year. Cumulative sales for the company is at 1,71,210, a growth of 44.3 per cent. The ...
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PERFORMANCE
Goa iron ore exports up 22 pc in first quarter
Goa iron ore exports registered an increase of 22 per cent in the first quarter ended June, 2006 with 7.07 million tonnes of exports as against last year's 5.8 million tonnes. For the year ended March 31, 2006, exports reached a record 36.271 ...
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Jayshree Chem to hike caustic chlorine production
Encouraged by the future growth of caustic soda consumption by the domestic aluminium and paper industries, Jayshree Chemicals Ltd (JCL) has decided to augment the annual caustic chlorine manufacturing capacity from 70 tonnes to 170 tonnes in ...
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PEOPLE
Addl charge for Rungta as SAIL chief
The Director (Commercial) in Steel Authority of India Ltd (SAIL), Mr S.K. Rungta, has been given the additional charge of Chairmanship of the public sector steel maker with effect from Tuesday, Steel Ministry officials said. He ...
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