CORPORATE
BUYBACK
ANG Auto to buy back shares
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PREFERENTIAL ALLOTMENTS
Avon Organics plans pref issue
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OVERSEAS BORROWINGS
GMR to raise up to Rs 5,000 cr
Bangalore, Nov. 12 GMR Infrastructure plans to raise up to Rs 5,000 crore through various instruments including foreign currency convertible bonds, GDRs, ADRs or equity shares through depository receipt mechanism. The company in an ...
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NEW BUSINESS
Lanco bags Rs 73-cr order
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AWARDS & HONOURS
Award for SAIL
Steel Authority of India Ltd (SAIL) was the runners up in the category of ‘Most Innovative Industry Resource’ among a host of organisations from across the world who participated in the ‘Corporate University Best in Class ...
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HUMAN RESOURCES
Industry demand places private security guards in new roles
MORE THAN WATCHMEN
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RESTRUCTURING
RG Stone gets $10 m from ICICI Venture
New Delhi, Nov 12 RG Stone Urological Research Institute has received $10 million from private equity firm ICICI Venture, which the company plans to use for establishing 20 new hospitals.The first phase of the company’s ...
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MERGERS & ACQUISITIONS
Gulf Oil Intl buys Saudi co Petromin
Gulf Oil International Ltd, a Hinduja Group company, along with its joint venture partner Dabbagh Group in Saudi Arabia, today announced the acquisition of Petromin.Petromin is a joint venture between Saudi Aramco (71 per cent ...
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IVRCL Infrastructure acquires Alkor Petroo
IVRCL Infrastructure and Projects Ltd, which has announced foray into oil and gas exploration business, has acquired the city-based unlisted company Alkor Petroo Ltd. The company signed a share purchase agreement on Sunday to acquire ...
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LIC hikes stake in Gateway
The BSE has received a disclosure under Regulation 7(3) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 from Gateway Distriparks that LIC on November 6 acquired 1,50,000 shares (0.13 per cent) through open market ...
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CORPORATE GOVERNANCE
Changing dynamics of the company board
The Indian corporate sector is getting globally connected, and cross-border takeovers and mergers are hastening this process. The natural consequences of global consolidation and international competition are systemic and un-systemic ...
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NEW PROJECTS
UB Group’s Bouvet-Ladubay to invest €10 m to double capacity
Plans major thrust on exports
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IndianOil planning petrochem unit in Haldia
Cost, capacity estimates yet to be finalised
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TRADE & LABOUR UNIONS
Strike called off at SNL plant
SNL Bearings Ltd has informed the BSE that the strike at its Ranchi plant has been called off unconditionally by the workmen who have started reporting for duty since November 8. Negotiations on the disputed demands will be continued without ...
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ALLIANCES & JOINT VENTURES
Suryachakra Power in pact with Chinese co for plant in Orissa
Suryachakra Power Corporation Ltd is partnering China Guodian Corporation to establish a 1,200 MW coal-based independent merchant power plant in Orissa.Initially, the company had planned a 4x300 MW power plant but now is looking at 600 ...
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Reliance signs pact for second block in Oman
Mumbai, Nov 12 Reliance Industries Ltd on Monday signed a production sharing agreement for a second exploration block off the Oman coast. The new block is adjacent to the earlier one allocated to the company in 2005. The new block ...
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DIVERSIFICATION
Havell’s parent picks 70% in Central Hospital
New Delhi, November 12 QRG Enterprises, the parent company of the $1-billion global electrical major, Havell’s India Ltd, on Monday announced its acquisition of 70 per cent stake in Central Hospital and Research Centre for Rs 30 ...
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Reliance ADAG plans TV broadcasting biz foray
Chennai, Nov. 12 The Reliance ADAG group is planning a foray into the television broadcasting business. The group has hired Mr Ashutosh to be the division’s Chief Operating Officer. Mr Ashutosh was formerly with the Sahara group ...
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BONUS ANNOUNCEMENTS
Ushdev Intl plans 1:1 bonus issue
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OUTLOOK
GE Healthcare to expand product portfolio in India
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Schenker to increase India headcount
To set up more warehouses
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