CORPORATE
ANNOUNCEMENTS
E&Y unveils outbound tax advisory service
Global professional services provider Ernst & Young has launched an outbound tax advisory service group for India to assist companies making cross-border acquisitions with tax efficient structures for internal transactions. The services will ...
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Shree Cements' new brand
Shree Cements Ltd has announced the launch of its third premium cement brand in the market called Tuff Cemento 3556. The company has set up a manufacturing unit for Tuff Cemento in Rass, Rajasthan with a capacity of about 1.5 million tonnes, a ...
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PREFERENTIAL ALLOTMENTS
Fears of equity dilution affect Tata Steel
Enhancement of capital may reduce 2007-08 EPS: Enam Securities
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CORPORATE DISPUTES
No letup in fight for Haldia Petro
An amicable solution to the Haldia Petrochemicals Ltd (HPL) imbroglio seems to be nowhere in sight. Both the promoters of the company - The Chatterjee Group (TCG) and the West Bengal Government - are fighting a pitched battle in the ...
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COURTS/LEGAL ISSUES
HM case: Order today on Tata Motors' plea
Mr Justice Dipankar Datta of the Calcutta High Court will pass an order on Thursday regarding the application made by Tata Motors seeking the court's directive for removing the finished automobile accessories/spare parts which are manufactured at ...
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RESTRUCTURING
BPL seeks shareholders' nod for circuit board biz transfer
BPL Ltd has sought shareholders' approval for transferring its printed circuit board business to a joint venture in which both BPL and Cipsa-RIC will have an equal stake. BPL's Managing Director, Mr Ajit Nambiar, told Business Line that ...
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Dish TV debuts at Rs 120
The stock of Dish TV India Ltd made its debut on the BSE at Rs 120 at a premium of 4.35 per cent against its offer price of Rs 115. Dish TV has been listed post the de-merger of the Direct Consumer Business of Zee Telefilms Ltd. The stock ...
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NEW PROJECTS
MRF plans 2 greenfield facilities
Despite the industry working under extremely thin margins
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Vesuvius setting up refractory unit in Vizag
The existing Vizag plant had been bought over from Carborundum Universal some time back.
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OVERSEAS INVESTMENTS
L&T plans manufacturing units in China
Initial investment of $11 million likely
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REGULATORY BODIES & RULINGS
Wockhardt gets US nod for selling antibiotic injection
New approval is for 3 more strengths of Ceftriaxone
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ALLIANCES & JOINT VENTURES
Amul stays cool to Hershey overtures
Feeling two-timed by Hershey which kept it in the dark while picking up a majority stake in Godrej Beverages and Foods Ltd (GBFL) last month, Amul has virtually cold-shouldered the US chocolate-maker's placatory moves, and no one from the ...
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Ascendas developing two tech parks in Maharashtra
Jt venture project involves Rs 1,625-cr investment
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NK Minda Group to supply auto parts for Rs 1 lakh Tata car
The NK Minda Group will supply auto parts for the Rs 1 lakh small car project of the Tatas even as it looks to shed up to 22 per cent stake to raise around Rs 250 crore. The Minda Group has also floated a joint venture with a leading European ...
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SOCIETY & DEVELOPMENT
HPCL gesture to schools
The Chairman and Managing Director of HPCL, Mr Arun Balakrishnan, along with the Director (Refineries), Mr M.A. Tankiwala, and other senior officials visited local schools on Wednesday where free computer training was being ...
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OUTLOOK
ONGC to replace KG block rig by March '08
ONGC is hopeful of acquiring the much-needed ultra-deepwater rig for resumption of drilling in the KG-DW-98/2 block in March 2008. The company has already reported a major find in the block with estimated reserves of 2-14 trillion cubic ft ...
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Hind Paper lines up expansion plans
Despite recording growth on the operational and financial fronts in 2006-07, the State-owned Hindustan Paper Corporation (HPC) is finding "extreme difficulty" in extraction, collection and transportation of raw material (primarily bamboo) for its ...
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Reliance may initiate natural gas price war
Abundant resources in KG, Mahanadi basins
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Wockhardt plans silicone gel for treating scars
Wockhardt Ltd has formalised an in-licensing agreement with Advanced Biotechnologies Inc of US to market Kelocote, a patent-protected product to treat scars. Wockhardt plans to launch Kelocote in India in the third quarter of 2007. Kelocote is ...
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Bajaj Auto plans increase in Kristal production
Bajaj Auto plans to sell 6,000 units per month of the Bajaj Kristal (gearless 100cc scooter) in the next three months. The product, launched in January this year, is currently grossing sales of 3,000 units per month, said Mr S. Sridhar, ...
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ECONOMIC OFFENCES
Gender divide in fraudster profile
Are fraudsters generally men or women? The gender ratio is 85:15, finds KPMG's `Profile of a Fraudster Survey 2007'. However, female perpetrators are not to be ignored, alerts the report. Because the statistic could be influenced by `women's ...
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PEOPLE
S. Pradhan heads Surya Roshni unit
Manufacturer of lighting products Surya Roshni has announced the appointment of Mr B.B. Pardhan as its new President - Lighting Division. Mr Pardhan will oversee product planning and development, and sales and marketing. He will ...
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