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ANNOUNCEMENTS
Private oil retailers raise petrol, diesel prices
New Delhi, Feb. 19 Reliance Industries Ltd (RIL) and Essar Oil Ltd have raised the retail selling prices of auto fuels – petrol and diesel – sold by them. The private sector retailers have increased the price of petrol by Rs 2 a ... More

SIRO’s new IT infrastructure
Clinical research organisation SIRO Clinpharm Private Ltd (SIRO) has implemented a new IT framework comprising Oracle’s Life Sciences Applications (OLSA) and other Oracle applications running on Sun Microsystems’ (Sun) hardware ... More

Brother Intl to invest Rs 40 cr
Imaging products manufacturer Brother International (India) Pvt. Ltd will invest up to Rs 40 crore over the next three years to increase its product catalogue, and to focus on channel expansion and brand presence. “India has always been a ... More

OVERSEAS BORROWINGS
Sujana Towers plans FCCB issue
Sujana Towers Ltd has informed BSE that a board meeting will be held on February 23 to consider and approve the proposal for issue of foreign currency convertible bonds (FCCBs)/global depositary receipts (GDRs)/American depository receipts (ADRs) ... More

AWARDS & HONOURS
Sierra in Global Services Co list
Sierra Atantic today announced that it has been named among Top 100 Global Services Company by Global Services magazine. This reflects companies with maturity and capability to lead the next wave of services globalisation. The CEO of Sierra ... More

RESTRUCTURING
RPG’s revamped pharma business may list by April
Mumbai, Feb. 19 After restructuring its pharmaceuticals and investment businesses into two different entities, RPG Life Sciences hopes to get its pharmaceuticals business listed around March or April.The broad regulatory approvals have ... More

Ranbaxy board okays de-merger of R&D unit
Swap ratio at 4:1; new entity called Ranbaxy Life Science Research More

Ranbaxy R&D spin-off
Cost savings may be factored in More

MERGERS & ACQUISITIONS
Fortis completes acquisition of Chennai’s Malar Hospitals
Oscar Investment also picks up stake More

NEW PROJECTS
Park plans star hotel in Pune
Bangalore, Feb.19 Apeejay Surrendra Park Hotels Ltd, owners of The Park Hotels, will be setting up a five star boutique hotel in Pune. The company has already acquired 90, 000 sq ft at Shivaji Nagar in Wakewadi near Pune. The new ... More

J.G. Hosiery plans expansion
J.G. Hosiery Pvt Ltd, manufacturer of Amul branded innerwear, on Tuesday announced a Rs 80-crore expansion plan which envisages increasing production capacity from 3.5 lakh units per day to five lakh units per day. The cost of expansion would be ... More

OVERSEAS INVESTMENTS
FML's overseas office in London
More

ALLIANCES & JOINT VENTURES
Coal India, IL&FS to form jt venture
To promote mine, power and other coal-based projects More

CNI Research pact with Japanese co
CNI Research Ltd has informed the BSE that it has signed a consulting agreement with Wakabayasbi Fund, LLC, a Japanese limited liability company, a corporation formed under the laws of the Japan. The agreement is for liaison of capital funding ... More

BG inks 2 pacts with ONGC for 2 East Coast blocks
BG India has signed two farm-in agreements with ONGC to acquire participating interest in two deepwater blocks off the Indian East Coast. Under the terms of the agreements, BG will acquire a 30 per cent participating interest in ... More

BEML signs pact with Thales, General Dynamics
New Delhi, Feb. 19 The public sector BEML expects its order book to cross the Rs 4,000-crore mark by the end of the current financial year, up from the current order book value of Rs 3,200 crore, the Chairman and Managing Director, Mr V.R.S. ... More

SICK UNITS
Ess Dee, Malco to revive India Foils
Mumbai-based packaging company Ess Dee Aluminium Ltd has entered into an agreement with Madras Aluminium Ltd (Malco), a Vedanta group company and the present promoters of India Foils Ltd (IFL), to work towards its revival. IFL had been referred ... More

OUTLOOK
Exide plans increasing industrial battery exports
Eyes entry into US market; raising market share in Australia More

Ford to source small car engines from Chennai plant
Endeavour Thunder Plus launched; priced at Rs 17.32 lakh More

PERFORMANCE
ABB sustains growth momentum
Margins expand on variable price contracts More

Nifty Companies News
SE Diary
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