CORPORATE
ANNOUNCEMENTS
Mahindra Logan gets 3,000 bookings in 3 weeks
Mahindra Renault's Logan has received more than 3,000 bookings in three weeks since its debut on April 3. The car that is launched in 11 cities initially had 25,000 inquiries so far; this is very significant considering the Logan has been ...
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CORPORATE DISPUTES
Fortis, Trehan may settle out of court
Fortis Healthcare and the Dr Naresh Trehan — stakeholders of Escorts Heart Institute and Research Centre (EHIRC) — have decided to pursue an out-of-court settlement. "The two partners are working towards mutually-agreed ...
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DIVIDEND ANNOUNCEMENT
Pawan Hans pays interim to ONGC
State-owned helicopter operator Pawan Hans Helicopters Ltd has paid an interim dividend of Rs 1.96 crore for 2006-07 to Oil and Natural Gas Corporation Ltd (ONGC). In a statement, the oil major said that Pawan Hans paid a total ...
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COMPANY LAW
Non-compliance of CCI orders may be treated as civil offence
Ministries of Corporate Affairs, Law examining changes in the provisions
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AWARDS & HONOURS
TERI corporate awards conferred
The Union Finance Minister, Mr P. Chidambaram, on Wednesday felicitated 10 Indian companies, including Satyam Computers, Exide Industries and Reliance Industries for their environmental excellence and corporate social ...
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CONSULTING
Cushman & Wakefield to market Lanco Tech Hills SEZ project
`World-class township with extensive IT space planned'
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CREDIT RATING
ITI's bond issue downgraded to `default'
Moving from the best credit risk to the worst in one stroke. That is the fate of ITI Ltd, a cash-strapped public sector undertaking that has seen its bond programme going from a Triple A rating (AAA) to a default rating in one go. ITI says it ...
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MERGERS & ACQUISITIONS
Scotch association won't say cheers to Mallya
`United Spirits will have to conform to all the norms'
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Suzlon, Areva war for REpower in final stage
The battle between Suzlon Energy Ltd, the world's fifth-largest wind turbine maker, and French multinational conglomerate Areva has reached the final stage for gaining control of REpower, a German wind power company. The deadline for counter ...
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Perfect Circle promoters buy out stake in Dana Corp
The promoters of Perfect Circle India have bought out the stake of the company's foreign collaborator, Dana Corporation USA (Dana), and have also announced their intention to buyout the residual public stake and delist its shares. In a notice ...
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REpower chase turning into greyhound racing
"Tonight at midnight, the acceptance period for the Areva offer for shares in REpower will end," alerts an update to Business Line from Dr Michael I. Fischer, a Munich-based partner of Reed Smith Richards Butler LLP (More
CORPORATE GOVERNANCE
PowerGrid, NHPC public offers face Clause 49 blues
2 PSUs yet to appoint independent directors on their boards
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NEW PROJECTS
Anil Ambani's SEZ in UP hits roadblock
There appear to be roadblocks for the Special Economic Zone proposed to be set up by the Reliance Anil Dhirubhai Ambani Group in Noida, Uttar Pradesh. Norms flouted The Mayawati Government on Thursday decided to ...
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ALLIANCES & JOINT VENTURES
ABG Shipyard in pact for buying Vipul yard
ABG Shipyard has signed an MoU for acquisition of Vipul Shipyard, a closely held company, in Surat, Gujarat. The shipyard is located adjacent to ABG's shipyard in the Magdalla Port district. Modernisation Mr ...
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BEML, Midwest Granites, Indonesian co form jt venture
For undertaking contract mining of coal globally
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Horizon ties up to build `Market City'
Horizon Realty LLC, a retail focussed fund promoted by the Future Group and builders City Group signed a strategic joint venture on Thursday to build a mixed use `Market City' involving 2.85 million sq ft of retail, commercial and hotel space in ...
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SOCIETY & DEVELOPMENT
Manmohan cautions India Inc on high level of salaries
`The operation of cartels to keep prices high must end'
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DIVERSIFICATION
Ambattur Clothing dons new garb
Diversifies into hotels, IT parks and residential projects
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OUTLOOK
Royal Enfield developing engine, two bikes for export market
Product out at Birmingham Motor Show; investing Rs 40 cr for development
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