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Thursday, August 24, 2006
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CORPORATE

ANNOUNCEMENTS
AstraZeneca mulls brand in-licensing
Months after it made its first brand acquisition in the country, AstraZeneca has said that it is now stepping up its Indian inorganic growth agenda and moving towards brand in-licensing. The mandate is to in-license (or take over the marketing ... More

GMDC gets Korba, Hazaribagh coal blocks
Public sector unit Gujarat Mineral Development Corporation (GMDC) has been allotted coal blocks in Korba district of Chhattisgarh and Hazaribagh district in Jharkhand, the company said today. The Union Ministry of Coal has allotted to GMDC coal ... More

CORPORATE DISPUTES
R.S.Lodha, EIIC appeal against CLB order
Both Mr R.S. Lodha and East India Investment Company Pvt. Ltd (EIIC) filed appeals in the Calcutta High Court on Wednesday, challenging the order of the Company Law Board (CLB), Eastern Region, Kolkata, which directed Registrar of Companies (ROC) ... More

OVERSEAS BORROWINGS
Essar Shipping & Logistics raises $200 m from overseas market
To part-finance ship acquisition programme More

Prajay Engg allots shares to Goldman Sachs
The allotment committee of the board of directors of Prajay Engineers Syndicate Ltd, at its meeting on Tuesday, allotted 7,07,442 equity shares of Rs 10 each fully paid-up at a conversion price of Rs 75 per share to Goldman Sachs Investments ... More

McNally Bharat's FCCB issue scheduled for Sept
This is the second issue in a year More

DIVIDEND ANNOUNCEMENT
PowerGrid declares dividend of Rs 302.68 cr
PowerGrid Corporation of India Ltd has declared a dividend of Rs 302.68 crore for 2005-06. A cheque for Rs 215.45 crore towards final dividend for 2005-06 was handed over by the Chairman and Managing Director, Mr R.P. Singh, to ... More

NEW BUSINESS
Suzlon bags two orders worth Rs 345 cr from Italy, Portugal
Suzlon Energy A/S, (SEAS), the Denmark-based international business headquarters of wind turbine energy manufacturer Suzlon Energy Ltd, on Wednesday announced it has bagged two orders worth Rs 345 crore for a total of 61 MW from Italy and ... More

L&T gets Rs 380-cr NTPC order
Larsen & Toubro has won a Rs 380-crore order from National Thermal Power Corporation Ltd for a coal-handling plant. The plant will be located at NTPC's Barh Super Thermal Power Station near Patna and is for Stage-1 of the ... More

AWARDS & HONOURS
GMR Ind plant gets energy efficiency award
In a sugar factory, a one per cent saving in process steam on cane can result in an additional generation of a whopping 6,48,000 units of power. This can be achieved for a plant with a crushing capacity of 3,600 tonnes of cane per day (TCD) for a ... More

COURTS/LEGAL ISSUES
Novartis case hearing on Sept 13
The Madras High Court heard the arguments filed by Novartis in connection with the writ petitions admitted by the Court and fixed the next date of hearing for September 13, a note from the company said. The company had filed ... More

ACCOUNTANCY
Accountancy professional bodies form core group
To take up common interest issues More

MERGERS & ACQUISITIONS
Tatas buy 30 pc of US beverage co for $677 m
Energy Brands may report revenues of $350 m this fiscal More

Centre clears KRL-BPCL merger
Through an order passed by the Ministry of Company Affairs dated August 18, the Central Government has given the final nod of approval for the merger of Kochi Refineries Ltd with Bharat Petroleum Corporation Ltd. Subsequently, both the ... More

BPCL, KRL merger to save Rs 150-cr CST a year
The merger of BPCL and Kochi Refineries Ltd (KRL), likely to be completed in the next two to three months, would help the combined entity to save Rs 150 crore a year on central sales tax. This is because, post-merger, products supplied by KRL to ... More

NEW PROJECTS
TNPL plans Rs 650-cr expansion
Tamil Nadu Newsprint and Papers Ltd (TNPL) plans to expand its production capacity with an investment of Rs 650 crore. The Chief Minister, Mr M. Karunanidhi, said that TNPL would add a new paper machine with a capacity of 1.2 lakh tonnes a ... More

Max Healthcare set to expand operations
Launches `Max Happy Family' modular plan with outpatient benefits More

Bharat Forge, Maharashtra to co-develop SEZ near Pune
Trade zone likely to attract Rs 25,000-cr investments More

Simbhaoli's Rs 403-cr investment plan likely to conclude by March
To help crush 20,100 tonnes cane per day More

NTPC set to start work at Simhadri power plant
Signs MoU with SCCL for joint venture More

Rane Madras plans Uttaranchal plant
Rane Madras Ltd has informed BSE that its Board of Directors has decided to set up a manufacturing facility in Uttaranchal to supply steering gears exclusively to Tata Motors Ltd (TML). The company would set up the plant at TML's ... More

ALLIANCES & JOINT VENTURES
Zak Tradefairs to tie up with Messe Dusseldorf
Zak Tradefairs and Exhibitions Pvt Ltd is about to sign a memorandum of understanding (MoU) with Messe Dusseldorf GmbH, a 236-million euro Germany-based company that organises international exhibitions, to organise tradeshows jointly, according ... More

Kaizen certified training programmes
KIAMS, the management institute of the Kirloskar Group, has entered into an agreement with Kaizen Institute to offer a series of Kaizen certified training programmes for the top and senior management of the manufacturing sector. ... More

BONUS ANNOUNCEMENTS
1:1 bonus from Sundram Fasteners
Sundram Fasteners' announcement of issue of bonus shares in the ratio of 1:1 came as a pleasant surprise to the shareholders who attended the company's annual general meeting on Wednesday, because the company had not informed the stock exchanges ... More

OUTLOOK
Aaditya Industries plans expansion
The city-based Aaditya Industries, manufacturer of pre-fabricated kitchen systems, is all set to expand its presence across different States and increase production capacity at its unit. Mr Anand Ambedkar, Director, Adeetya Kitchen System, the ... More

Toyota working out modalities for small car
Toyota Motor Corporation on Wednesday said it would definitely be rolling out a small car in India, but was working out "how" and "when" to do so. ``Of all the emerging markets we are targeting, India is becoming a priority. We would like to ... More






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Top Stories
Upgraders drive Indian auto industry: JD Power

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`Aviation sector losing Rs 2,000 cr annually'

Weak Asian sentiment drags down bourses

Bharat Forge, Maharashtra to co-develop SEZ near Pune

Suzlon bags two orders worth Rs 345 cr from Italy, Portugal

Looking back
Aug. 13-Aug. 19
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