CORPORATE
ANNOUNCEMENTS
Bolero, Scorpio prices hiked
Mahindra & Mahindra (M&M) has hiked the price of its utility vehicles, Bolero and Scorpio. According to a press release, the hike in price of the Scorpio ranges from Rs 3,000 to Rs 13,000; the flagship model will be available at prices rangin
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Adwaith Lakshmi to launch new bobbin holder
The Coimbatore-based Adwaith Lakshmi Industries Ltd, a member of the LMW group engaged in the manufacture of textile spinning machinery accessory, has come out with the next generation bobbin holder, the universal bobbin holder. The ...
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JB Chem to set up SEZ in Gujarat
JB Chemicals and Pharmaceuticals Ltd plans to invest Rs 115 crore in a pharmaceutical sector-specific special economic zone. It signed a memorandum of understanding with the Government of Gujarat, for the development and construction of the ...
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PREFERENTIAL ALLOTMENTS
Krebs Bio issues shares to Ranbaxy
Krebs Biochemicals & Industries Ltd has decided to issue 10.5 lakh equity shares on a preferential basis to Ranbaxy Laboratories Ltd at a price of Rs 85 per share (including Rs 10 nominal value and Rs 75 premium). The company has informed the ..
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NEW BUSINESS
Soma Enterprise signs pact with NHAI
HYDERABAD: Soma Enterprise Ltd has signed an agreement with the National Highway Authority of India (NHAI) for the Rs 744-crore Hyderabad-Bangalore Highway Project. Part of the North-South Corridor on NH-7 has been awarded to the joint ...
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MERGERS & ACQUISITIONS
VVF acquires Canadian deodorant maker Teo Corp
Aims at gaining in N. American personal care market share
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Mittal group in talks with HPCL for stake in Bhatinda refinery
OIL shows interest as negotiations centre on equity structure
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Star to acquire 20 pc stake in Music Broadcast
The Star group and India Value Fund (IVF) today said that they have reached an in principle agreement, under which Star will pick up 20 per cent stake in Music Broadcast Pvt Ltd (MBPL), the promoter of Radio City — an FM radio brand. The ...
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Ficom to merge with Coromandel Fert
Ficom Organics Ltd, a company in which Coromandel Fertilisers of the Murugappa group owns 50.73 per cent stake, is to be merged with Coromandel Fertilisers. Ficom will seek shareholders' approval at an extraordinary general ...
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NEW PROJECTS
Wipro plans new unit in Uttaranchal for switches
Wipro proposes to start a new facility in Uttaranchal to manufacture switches in the next six months, said Mr Vineet Agrawal, President, Wipro Consumer Care and Lighting. "We are in the process of searching for suitable land in Uttaranchal," he ...
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ALLIANCES & JOINT VENTURES
Chennai port distinction
NEW PACT WITH HYUNDAI: Mr K. Suresh, Chairman, Chennai Port Trust, signing a 12-year concession agreement with Mr H.S. Lheem, Managing Director, Hyundai Motor India, for continuing exports of Hyundai cars through the Chennai Port, at the 125th ...
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Ural India plans joint venture with Slovania co
To set up Rs 100-cr manufacturing plant in Kalyani
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DIVERSIFICATION
Hindustan Salt to diversify, expand
Plans greenfield chlor-alkali project in Himachal
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OUTLOOK
Reliance puts fuel retail biz on `maintenance mode'
Reliance Industries has put its fuel retailing business on "maintenance mode" and a decision on the business will be taken once the Petroleum and Natural Gas Regulatory Board is formed. Talking to Business Line, Mr R.B. Shahi, President - ...
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International Truck plans engine plant in India
May also make left-hand drive vehicles for export
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Tata Motors hopes to woo buyers with Indigo XL
Tata Motors' advertising campaign for its Indigo sedan featured a rear seat occupant being pampered `first-class-airline-passenger style' as he was being chauffeured to the destination. But, obviously, with the dimensions and features of the ...
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PEOPLE
TSI Ventures interim CEO
Tishman Speyer and ICICI Venture, the owners of TSI Ventures Private Ltd, today announced that Mr Kok Huat Goh, Managing Director, in the emerging group at Tishman Speyer, would be the interim Chief Executive Officer for TSI. Mr ...
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Samsung names new chief for SW Asia
NEW DELHI: Samsung Electronics has appointed Mr H.B. Lee as the Regional President & CEO - Samsung South West Asia Regional HQ. Prior to this, Mr Lee was the President & CEO of Samsung's Digital Appliance Network (DAN) Business based in ...
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