CORPORATE
ANNOUNCEMENTS
Correction
With reference to the news item titled `Tata Motors cuts car production by 20%' published in Business Line on June 8, 2007, Ms Sarita Rajiv, Manager - Corporate Communications, Tata Motors, while categorically denying any cut in the passenger car ...
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MERGERS & ACQUISITIONS
Takeover talk doesn't bother promoters
Not rushing to shore up stakes
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Punjab Tractors and Swaraj Engines — Plough `em out
Shareholders may be better off exiting both stocks through the market, as only a part of the holdings tendered will be accepted in the open offer.
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BM Birla Heart plans acquisitions
BM Birla Heart Research Centre is firming up plans to acquire a couple of hospitals in eastern India. The centre also proposes to tie-up management contracts with at least two hospitals abroad by the year-end, according to Mr Suyash Borar, Chief ...
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Carborundum Universal to acquire Russian co
Carborundum Universal Ltd (CUMI) of India has entered into a binding MoU for the purchase of 84.14 per cent of Volzhsky Abrasives Works (VAW) located in the city of Volzhsky in Volgograd region, Russia. VAW is the largest producer of silicon ...
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OUTLOOK
Mills bet on raw sugar exports of 10 lakh tonnes
Substantial new refining capacities created in West Asia
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Capacity constraints could be a speed breaker
GM's future strategy for the Indian market hinges on the success of the Chevy Spark. With the Spark, GM has had an excellent entry into the high volume small car segment. The Chevrolet brand couldn't have gotten itself a better ambassador. For ...
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GM to drive growth with new launches
Aims at doubling Optra sales with diesel variant
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Empee Distilleries plans IPO for funding expansion
Intends to issue 48-lakh shares
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PERFORMANCE
Rise in interest rates — Muted impact on India Inc
Changes (read increases) in the cost of borrowing have normally not elicited vocal public reactions from industry bodies in India. Therefore, when the CII President, said some time back that the Reserve Bank of India's serial hikes in ...
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`DaimlerChrysler sales not hit by interest rate hikes'
The company clocked sales of 2,000-plus units in calendar year 2006.
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PEOPLE
Croatia Golden Pen for Indian
The Government of Croatia has awarded the Golden Pen award to travel writer Mr Uday K. Chakraborty. In a statement, the Embassy of Croatia said this is the first time the award has been given to a non-western journalist or ...
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