CORPORATE
ACCIDENTS
4 bodies recovered from coal mine
Four bodies, out of the six miners trapped on Wednesday inside the Shyamsundarpur underground mine of Bankula area under Eastern Coalfields Ltd (ECL), were recovered till 6 p.m. today. It is expected that two other bodies, which are still ...
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ANNOUNCEMENTS
`NCCL fastest growing company'
Nagarjuna Construction Company Ltd (NCCL) has emerged as the fastest growing construction company in the country, according to a joint survey by the National Institute of Construction Management and Research (NICMAR) and ...
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Power supply restored at Dunlop factory
Power supply has been restored at the Dunlop India factory here, according to sources. Dunlop Factory Employees Union representatives said that the management has informed them that power supply has been restored by the Tamil ...
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PREFERENTIAL ALLOTMENTS
Igarashi Motors to raise Rs 110 cr
Igarashi Motors India Ltd intends to make a preferential allotment of equity shares on private placement basis to raise Rs 110 crore, the company informed the BSE today. The company's board which met today also decided to seek an ...
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NEW BUSINESS
Punj Lloyd bags Thai order
Punj Lloyd Group, global infrastructure services provider, has bagged a large contract from PTT Polyethylene Company for construction of a polyethylene plant in Thailand, according to a company release. The low- density ...
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AUDITING
`ICAI must take action on Karvy's auditor'
The Standing Committee on Finance has said that the Institute of Chartered Accountants of India (ICAI) must take stringent action against Haribhakti & Co, the internal auditor of Karvy, for failing to check or report the opening of multiple ...
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RESTRUCTURING
Sun TV's equity base to go up
After the merger of Gemini and Udaya with Sun TV Ltd, Sun's equity base will go up 43 per cent with the addition of 2.96 crore shares that will be issued to the shareholders of Gemini and Udaya. Sun TV is to be renamed Sun TV ...
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MERGERS & ACQUISITIONS
Thomas Cook to acquire TCI
In all-cash deal of Rs 182.45 cr; also plans to buy TT Enterprises' visa services
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Ranbaxy acquires South African firm for Rs 315 cr
Deal slated for completion next year
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NEW PROJECTS
ONGC to wait for viability report on Mangalore project
In talks for strategic partnership to supply crude to proposed 15-mt greenfield refinery
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Honda's new subsidiary begins operations
To integrate spare parts requirements of all Honda group cos
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ALLIANCES & JOINT VENTURES
Vee Tech ties up with Swedish co for printing solutions
The Salem-based Vee Technologies, a member of the Valliappa group, has entered into business partnership with PrintDreams of Sweden involved in printing technology product manufacture. The partnership between the two was formally announced during ...
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Pact signed for tidal energy projects in Maharashtra
The tidal energy turbine for the first project will come up near Guhagar on Ratnagiri coast. The turbine is expected to generate 15-20 KW.
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OUTLOOK
Hero Honda on the 4-wheeler bandwagon
May venture through tie-up with global auto major or on its own
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Space Hospitals plans expansion
Space Hospitals is planning to open 20 satellite medical centres and telemedicine clinics across Kerala. The venture will be undertaken with Amrita Institute of Medical Sciences as the major associate hospital, as well as other large hospitals. ...
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BHEL focus on raw materials purchase
Bharat Heavy Electricals Ltd (BHEL) was laying emphasis on consolidated procurement of raw materials required for each project in a sequential and timely manner so that project completion was streamlined and expedited, its ...
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PERFORMANCE
TVS Motor sells 68,874 bikes in November
TVS Motor Company sold 68,874 motorcycles in November. The company had sold 68,122 motorcycles in November 2005. Also, it had sold 92,328 motorcycles in October, compared with 85,463 in the same month last year. The StaR City's new variant with ...
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