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OPEN OFFERS: 8 of 11 open offers delayed in ’08
Merchant bankers take in their stride the changes in schedules. Mumbai, Aug. 23 The recent delay in the high profile open offer for Ranbaxy shares by Japanese drug major Daiichi Sankyo might appear routine, with the Securities and Exchange ...

NEW PROJECTS: States vie to house Nano project
New Delhi, Aug. 23 With the Tatas’ Nano project hanging in the balance, West Bengal’s loss could well be a gain for other States. ...

ANNOUNCEMENTS: Tata Motors launches new version of Indica
Mumbai, Aug. 23 Tata Motors launched the new generation of its flagship passenger car Indica on Saturday. The new model called ‘Indica Vista’— 3.8 m long and 1.7 m wide — is larger than the existing Indica and has more ...

OPEN OFFERS: Daiichi-Ranbaxy FDI plan may be placed before CCEA
It exceeds Rs 600 crore and needs the panel’s nod. New Delhi, Aug. 23 Even as the open offer by Daiichi Sankyo to acquire additional 20 per cent stake in Ranbaxy Laboratories is currently on, a “procedural issue” appears to ...

NEW PROJECTS: Work under way for HAL to begin civil aircraft production
Antony lays foundation for electronics branch factory. Seethangoli (Kasaragod dt.), Aug. 23 The Union Defence Minister, Mr A.K. Antony, has expressed confidence that Hindustan Aeronautics Ltd (HAL) — which produces fighter aircraft and ...

MERGERS & ACQUISITIONS: Cement: Lower valuations trigger M&A
With a volume growth of over 9 per cent per annum in the last three years, the Indian cement industry has drawn the attention of many foreign bigwigs over the years. The stimulus for entry into the Indian cement sector is getting stronger with ...

ANNOUNCEMENTS: Spares supply, dealer training for Nano going on
Mumbai, Aug. 23 As boiling Singur forces the Tatas to think of shifting out of Bengal, the sales department of Tata Motors’ passenger car unit is quietly carrying on dealer training and supply of spare parts to keep the sales centres and ...

OUTLOOK: Marck Biosciences plans to invest Rs 80 cr in 3 years
Ahmedabad, Aug. 23 Sterile dosage products manufacturing company Marck Biosciences Ltd will invest Rs 80 crore over the next three years to set up an additional unit at its Kheda facility near Ahmedabad, said Mr Bhavesh Patel, Managing ...

OUTLOOK: Gautam TMT is renamed Kedhar Groop
Hyderabad, Aug. 23 The Hyderabad-based Gautam TMT, also known as Abhishek Steels, has rechristened itself as Kedhar Groop. The company plans to invest Rs 400 crore as part of its expansion over the next two ...

ANNOUNCEMENTS: DuPont introduces photovoltaic solutions
New Delhi, Aug. 23 DuPont India has announced the introduction of its new market facing business initiative DuPont Photovoltaic Solutions (DPVS) in India. ...






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Markets (Aug 22)
Nifty (at close)4327.45(+43.60)
US Dollar (Buy/Sell)43.43/44
Brent crude (a bbl) Rs5,196
Gold (a gram) Rs1,115
Silver (a kg) Rs20,940

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