CORPORATE
ANNOUNCEMENTS
Hansen to invest Rs 940 cr in Coimbatore facility
Plans to start production in Sept 2008
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Blackstone to pick stake in Ushodaya Enterprises
The Blackstone group, a global private investment firm, will be picking up stake in Ushodaya Enterprises Ltd (UEL), which owns the Eenadu newspaper. As part of the transaction, UEL expects to raise $465 million, comprising $275-million ...
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Cairn hopes to resolve Rajasthan crude evacuation issue
The Edinburgh-based oil explorer Cairn Energy Plc, parent of Cairn India Ltd, on Monday said that it was confident of reaching an agreement with its Indian partner ONGC on construction of a pipeline to deliver oil from its Rajasthan fields in the ...
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Bajaj launches gearless scooter
Two-wheeler major Bajaj Auto today announced the launch of Kristal, an gearless scooter, which was previewed at the 2006 Auto Expo. The all-new four-stroke 95 cc Kristal comes with the DTSi technology along with ExhausTEC for a ...
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Maruti to hike prices by Rs 12,000
Car market leader Maruti Udyog Ltd on Monday said that it plans to increase prices across almost all its models from February. The carmaker will increase prices by as much as Rs 12,000 on some models, said Mr Jagdish Khattar, ...
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Oscillatory ventilator launched
Shreeyash Electro Medicals, a Pune-based manufacturer of neonatal intensive care equipment, has launched a servo controlled high frequency oscillatory ventilator for treatment of respiratory disorders amongst newborns. The new ...
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Ranbaxy unveils 2 urology products
Ranbaxy Laboratories has announced the launch of two urology products — Niftran capsules and Eligard — in the domestic market. The two differentiated, Novel Drug Delivery System (NDDS) products — Niftran 100 mg capsules ...
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OPEN OFFERS
SEBI rejects Jagran Prakashan promoter's move to hike stake
`Proposed acquisition suffered from infirmity of coming on the heels of public issue'
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NEW BUSINESS
BHEL bags Rs 45-cr export order
Bharat Heavy Electricals Ltd (BHEL) has bagged an export order worth Rs 45 crore for a gas compressor package from French firm Grande Paroisse, a Total Group Company. The order envisages design, manufacture, supply, erection and ...
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MERGERS & ACQUISITIONS
Corus: Shootout begins tonight
Auction procedure will consist of a maximum of nine rounds
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GHCL plans more M&As; income rises 28% in Q3
Income from operations up 28 pc in Q3
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When Tata and CSN head off to the ring...
It was on the night of Republic Day that we received mails from Corus, with information about the UK Takeover Panel's announcement. The three-page communiqué from The Panel on Takeovers and Mergers (More
Corus takeover: Tata Steel, CSN set for fight to the finish
A Wild West-style bidding shoot-out between Tata Steel and Brazil's CSN for acquiring Anglo-Dutch steel maker Corus seems to be increasingly gaining credence. Technically, Tata Steel has a few hours left to trump CSN's last bid of 515 pence a ...
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UK co takes 49 pc stake in Manjeera Construction
Trinity Capital, UK, has announced ambitious plans to invest up to £9.1m to develop commercial, retail and residential space in Hyderabad, which it termed as one of the fastest growing cities in the country. In its first venture, it will take ...
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NEW PROJECTS
Tata BlueScope's Jamshedpur unit to be ready in 2009
Annual metallic coating capacity to be 2,50,000 tonnes
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SMS Pharma to raise Rs 98 cr via IPO
SMS Pharmaceuticals Ltd is coming out with an IPO to raise around Rs 98 crore in the upper end of the price band of Rs 360-380 per share. The proceeds will part-finance setting up of a new facility to manufacture active pharmaceutical ingredients ...
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Eaton Corp's Ranjangaon unit may be ready by year-end
Co plans expansion of Pune hydraulics manufacturing facility
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Honda Siel begins work on small car
`Munjals developing car not a problem'
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Gokaldas Exports announces plans to set up new unit
Gokaldas Exports, a manufacturer of fashion garments, has announced plans to set up a new factory for bottoms at Tumkut, near Bangalore, to be operational by April 2007. With the commissioning of its other units, which are under construction, the ...
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Numaligarh Refinery plans Rs 300-cr expansion
To upgrade hydro-cracker unit; team up with Assam Co
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OVERSEAS INVESTMENTS
Himatsingka to buy 70% stake in Italy's Giuseppe
Himatsingka Seide Ltd on Monday announced it will be acquiring 70 per cent stake in Giuseppe Bellora, SpA, Italy, a leading brand with its own distribution outlets and presence in major European department stores such as Harrods, London, La ...
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REGULATORY BODIES & RULINGS
FDA nod for Aurobindo drug
Aurobindo Pharma Ltd (APL) has received one more approval from the US Food and Drug Administration (USFDA) for Cefadroxil capsules of 500 mg. Cefadroxil is a first generation Cephalosporin antibiotic. It is used in a wide ...
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BONUS ANNOUNCEMENTS
Suven Life net up; board okays 1:1 bonus, stock split
Suven Life Sciences Ltd has reported a growth of 19 per cent for the quarter ended December 31, 2006 in both profit and revenue compared to the corresponding quarter of the previous year. While the sales stood at Rs 32.25 crore (Rs 27.11 ...
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OUTLOOK
Hyundai vendors may set up units near Chennai
Work is on at the second plant
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Go Air to have new core team by mid-February
To work on lowering costs, increasing load
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