CORPORATE
PRIVATE PLACEMENT
Gulf Oil's equity share allotment
Gulf Oil Corporation Ltd has informed the BSE that the company board has allotted 13 lakh equity shares of Rs 10 each to Teck Consultancy & Services and 2.4 lakh equity shares of Rs 10 each to Esquire at a premium of Rs 495 per .
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DIVIDEND ANNOUNCEMENT
Graphite shareholders to get 150% total dividend
Shareholders of Graphite India Ltd will receive a total dividend of Rs 3 (150 per cent) for every equity share of face value of Rs 2 held by them. The board of directors of the company, which had earlier recommended an interim dividend of Rs ...
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Balmer Lawrie to pay 135% dividend
The board of directors of the public sector Balmer Lawrie & Co Ltd has declared a record dividend of 135 per cent for the year ended March 31, 2007 on 50 per cent rise in net profit at Rs 70.22 crore (Rs 46.8 crore in 2005-06) ..
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AWARDS & HONOURS
DQ Entertainment bags award
DQ Entertainment, a city-based animation and visual effects company, has won the `DayTime Emmy Award' for Tutenstein, a TV series it produced with Porchlight of the US for Discovery Kids channel. According to Mr Tapaas ...
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CORPORATE BONDS
Crisil downgrades Hindalco's NCDs
`Stable' outlook incorporates company's strong business profile
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MERGERS & ACQUISITIONS
Panacea Biotec scouts for overseas acquisition
Hopes to reach new markets in Western Europe, Northern America
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`India Inc's large leveraged buyouts a concern'
It involves using target co's cash flows to service acquisition, says Crisil
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NEW PROJECTS
Tata car project
WORK IN PROGRESS: Even as the tussle between the West Bengal Government and the Trinamool Congress leader, Ms Mamata Bannerjee, persists over the land acquisition issue at Singur for the proposed small car project of Tata Motors, construction ...
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ALLIANCES & JOINT VENTURES
Dhariwal pact with DuPont
Dhariwal Electricals has signed an exclusive arrangement with DuPont for the supply of Zytel polyamide that will be used to manufacture the Latina range of shockproof switches. Aimed at the middle and low-income housing ...
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DIVERSIFICATION
Finolex Industries plans entering tank terminalling
Expects to add more revenue thru new line of biz
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OUTLOOK
Shahi Export plans to double turnover
Low-cost suppliers such as Pakistan and Sri Lanka had their currencies depreciating against the dollar.
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ETAS group sets up base here; aims at € 10 m revenue
The ETAS Group, which provides solutions for the electronic control units to the auto sector, has set up a base in India. The ETAS Automotive India Managing Director, Dr Wolfgang Sienel, told newspersons that by 2010, the company has targeted ...
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