The Hindu Business Line : Sunday, May 01, 2005

ONGC to buy HAL copters
BANGALORE: The advanced light helicopters made by Hindustan Aeronautics Ltd (HAL) have found one more customer. ONGC has expressed interest in acquiring 3-4 of the 14-seater `Dhruv' helicopters for its offsore and on-shore activities ... More

PREFERENTIAL ALLOTMENTS

Rain Commodities to raise Rs 40 cr
THE shareholders of Rain Commodities Ltd on Saturday approved the proposal to issue one-crore equity warrants of Rs 10 each at a premium of Rs 30 per share on a preferential allotment basis to raise Rs 40 crore. The company informed the stock ... More

Innosoft members okay pref offer
HYDERABAD: The shareholders of Innosoft Technologies Ltd at the extraordinary general meeting held on Saturday have approved the issue of 11.5-lakh equity shares of Rs 10 each at a premium of Rs 15 per share to Ms Swarnalatha Bandla of the ... More

COMPANY LAW

Panel to examine prosecution mechanism under company law
WITH an objective to make the existing prosecution mechanism under the company law more effective, the Ministry of Company Affairs is setting up an expert group. According to the Minister of State (Independent Charge) for Company Affairs, Mr ... More

RESTRUCTURING

Restructuring in India Inc — Bigger basket, more goodies
A FRESH spell of corporate restructuring is likely to add depth to the equity market, make it more attractive to foreign institutional investors and unlock value for shareholders. Robust restructuring initiatives ... More

FIXED DEPOSITS

FD options
First Leasing: Investments in the three-year fixed deposit of First Leasing can be considered. The company offers 8 per cent for a three-year tenure, one of the higher rates offered by established finance companies. In terms of ... More

MERGERS & ACQUISITIONS

Correction

ALLIANCES & JOINT VENTURES

Dishman Pharma in $100-m pact with Saudi co
THE Ahmedabad-based Dishman Pharmaceuticals and Chemicals Ltd has signed an agreement with Arab Company for Drug Industries and Medical Appliances (ACDIMA) to set up a API manufacturing base in Riyadh. The $100-million joint venture will have ... More

FACT ready to spare land for GAIL's petrochem project
FERTILISERS and Chemicals Travancore Ltd (FACT), which has a vast expanse of land here, is ready to hand over 500 acres to GAIL (India) Ltd for setting up its proposed petrochemicals project. Speaking at a press conference here to announce ... More