CORPORATE
ANNOUNCEMENTS
GMR Industries taking over sugar factory from co-op society
Plans to invest Rs 30 cr, start crushing operations in 2008
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CORPORATE DISPUTES
Bajaj brothers given more time to settle dispute amicably
New Delhi, Oct. 25 The Company Law Board (CLB) has asked the two Bajaj brothers — Mr Rahul Bajaj and Mr Shishir Bajaj — to prepare a report on the areas of dispute which are holding up the mutually acceptable agreement for ...
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DIVIDEND ANNOUNCEMENT
JK Paper proposes 22.5% dividend
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NEW BUSINESS
BEML team bags Rs 1144-cr Delhi Metro order
Bangalore, Oct. 25 A consortium of BEML Ltd, Mitsubishi and Rotem has formally received the Delhi Metro Rail Corporation’s order worth Rs 1,144 crore for metro coaches, BEML said here. The coaches will be made at the Bangalore complex ...
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ESOPS
IndianOil’s ESOP plans may be delayed
Proposal awaiting Oil Ministry nod
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HUMAN RESOURCES
Toyota still prefers man to machine
…although Tsutsumi plant is 93% automated
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RESTRUCTURING
Tyre Corpn divestment cleared
New Delhi, Oct. 25 The Government has approved steps for disinvestment in Tyre Corporation of India, under which it will allow the public-sector enterprise to form a joint venture with a private company. “The Union Cabinet has given its ...
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MERGERS & ACQUISITIONS
Panel formed on Balco issue
New Delhi, Oct 25 The Government has decided to set up a Committee of Secretaries (CoS) to decide its stand in the ongoing legal battle with Sterlite Industries, which has sought to buy a 49 per cent in Balco.Sterlite currently hold 51 ...
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OVERSEAS INVESTMENTS
Royal Classic expanding global footprint
Bangalore, Oct. 25 Apart from eyeing the domestic retail market keenly, Tirupur-based garment exporter Royal Classic Group is also eager to take its ‘Classic Polo’ brand to other Asian countries. Currently, Classic Polo ...
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ALLIANCES & JOINT VENTURES
Apollo Hospitals, Jet join hands
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VENTURE CAPITAL
3i India Infra Fund picks minority stake in Adani Power
Invests Rs 900 cr in ‘power generation asset’
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DIVERSIFICATION
GAIL mulls diversifying into gas pipeline construction biz
New Delhi, Oct. 25 GAIL (India) Ltd is considering diversifying into gas pipeline construction business. The move is expected to create increased synergy in its core area of activity — gas transmission and marketing. GAIL, which ...
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