CORPORATE
DIVIDEND ANNOUNCEMENT
Dividend versus deemed dividend
When dividends are exempt from tax in the hands of the recipients, the question arises whether such exemption is available for deemed dividends as well.
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FINANCIAL PERFORMANCE
Ambuja Cements reports 12% growth in quarterly net at Rs 292 cr
Holcim puts off open offer
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CORPORATE BONDS
Tata Chemicals share allotment
Tata Chemicals Ltd has informed the BSE that the company has received conversion notice from 13 bondholders aggregating to $38,460,000 for conversion. A meeting of the allotment committee of the board of directors of the company will be held on ...
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MERGERS & ACQUISITIONS
Bombay Rayons buys LNJ Apparels
Mumbai, Oct. 19 Bombay Rayon Fashions Ltd acquired LNJ Apparels, a unit of Rajasthan Spinning & Weaving Mills Ltd, for a sum of Rs 25.50 crore. LNJ Apparel is engaged in the business of manufacturing and exports of garments and has its ...
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NEW PROJECTS
POSCO hopes to start work on steel plant by April
Awaits land and mining issues to be sorted out
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Activists to intensify agitation against POSCO
Bhubaneswar, Oct. 19 Even as Korean steel major on Friday indicated in New Delhi that it would commence work on its mega steel project on April 1 next, which happens to be the foundation day of the State as well as the company, the ...
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Biltech Building opens second plant
Biltech Building Elements Ltd, the 100 per cent subsidiary of Ballarpur Industries Ltd, has commissioned the second AAC (aerated autoclaved concrete) facility in Bhigwan near Pune.Talking to presspersons, Mr Anil Bhargava, Chief ...
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AP to expedite Fab City, MLR Motors projects
Hyderabad, Oct. 19 The Andhra Pradesh Minister for Major Industries, Sugar, Commerce and Export Promotion, Ms J. Geeta Reddy, has directed the Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC) to expedite support to ...
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OVERSEAS INVESTMENTS
South Africa welcomes Nalco proposal
Visakhapatnam, Oct. 19 South Africa is interested in the proposal made by the National Aluminium Company Limited (Nalco) to set up a half-a-million tonne capacity aluminium plant in that country and has promised to extend all help for the ...
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DIVERSIFICATION
Shri Lakshmi Cotsyn entering retail sector
To sell thru existing dealer base; open franchisee outlets
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SICK UNITS
National Fert to invest Rs 7,520 cr in revival of 2 closed units
Submits feasibility report
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OUTLOOK
Gujarat State Petronet to expand gas pipeline network
Gandhinagar, Oct. 19 Gujarat State Petronet Ltd (GSPL), a subsidiary of Gujarat State Petroleum Corporation Ltd (GSPC), is set to expand its gas distribution network to emerging economic hubs such as Mundra and Pipavav ports and ...
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