CORPORATE
ANNOUNCEMENTS
Reliance re-enters Cauvery asset
New Delhi, Nov. 20 Reliance Industries Ltd (RIL) has re-entered its Cauvery asset, despite suffering a minor setback in the deepwater block. The company has already tested hydrocarbon success in one of the two wells it had drilled in the ...
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Usher Agro
MUMBAI: Rice supplier Usher Agro Ltd said on Tuesday that it plans to raise up to Rs 100 crore through qualified institutional placement route. ...
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AWARDS & HONOURS
LIBA invites nominations
Loyola Institute of Business Administration is inviting nominations for the Mother Teresa Award instituted to recognise corporate achievements in the area of ethical governance. According to a statement , all public limited companies may nominate ...
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Award for NFC chief
The Chief Executive of Nuclear Fuel Complex, Mr. R.N. Jayaraj, has been chosen for the Indian Nuclear Society award for his outstanding contributions in the filed of nuclear fuel fabrication. The award is being conferred by the Indian Nuclear ...
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MERGERS & ACQUISITIONS
Strides Arcolab forays into anti-cancer product segment
Picks up majority stake in two Aspen cos for Rs 43 crore
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Dewan Housing to pick up 19.9% in Wadhawan Food
Dewan Housing Finance Corporation Ltd has informed the BSE that the board of directors of the company at a meeting on November 20 considered and approved the proposal of investment in Wadhawan Food Retail Pvt Ltd (WFRPL) by subscribing to 4.98 ...
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SISCOL sees surge in share volume ahead of merger
Coimbatore, Nov 20 The countdown to merger of two O.P Jindal group companies—JSW Steel and Southern Iron and Steel Company Ltd (SISCOL)— has not only seen appreciation in value of shares of both companies but also a volume surge in ...
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NEW PROJECTS
Ventura Textiles charts out Rs 92-cr expansion plan
Mumbai, Nov 20 Ventura Textiles Ltd, which recently got re-listed on the Bombay Stock Exchange, has drawn a Rs 92-crore expansion plan to enhance capacity and set up a captive power plant at its Nashik facility.The company will be set ...
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Chemplast secures raw material supplies
Chennai, Nov. 20 Last year, Chemplast Sanmar produced 10,000 tonnes of PVC resin, which was less than its capacity, because ethylene di chloride (EDC), a key raw material, was not available for some time. The company is now adding ...
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Toyota Kirloskar unveils used car unit
Exchange old cars of any make for brand new Toyota
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Olympia plans residential project in Chennai
45-acre project to come up on OMR
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Mir group launches homestay network
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Maytas, NCC will develop Gulbarga, Shimoga airports
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Anzera plans IT shopping mall in Kochi
Kochi, Nov. 20 Anzera Properties plans to build a Grade-A exclusive IT shopping mall for retailers and wholesalers of IT products in Kochi. Developed along the lines of IT malls in Hong Kong, Singapore and Kuala Lumpur, this will be the first ...
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OVERSEAS INVESTMENTS
Dabur to set up unit in Nigeria
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ALLIANCES & JOINT VENTURES
Bhagyanagar, IL&FS partner for new venture
Hyderabad, Nov. 20 Bhagyanagar India Ltd has formed a special purpose vehicle (SPV), Bhagyanagar Entertainment Infrastructure Development Company Ltd, by partnering with IL&FS Infrastructure Development Corporation.This 50:50 ...
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RIL signs deal for Yemen blocks
Reliance Industries said it signed a production sharing agreement on Tuesday for two exploration blocks in Yemen. RIL signed the agreement through its wholly owned subsidiary Reliance Exploration and Production, said a statement from RIL. Hood ...
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Raytheon, L&T tie up for combat aircraft programme
Mumbai, Nov. 20 The US-based Raytheon Company has signed a memorandum of understanding with L&T for the MMRCA (medium multi role combat aircraft) programme. It represents a step towards establishing a strong working relationship, ...
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GTL Infra signs pact with IDFC Project
Mumbai, Nov 20 GTL Infrastructure Ltd has signed an MoU with IDFC Project Equity Company Ltd (IDFC Project Equity), to form a special purpose vehicle (SPV) to address acquisition opportunities in the telecom tower infrastructure space. ...
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IMPACT
Strides deal: To result in cash infusion
Funds could be used to reduce debts
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DIVERSIFICATION
Confident Group to launch chartered airlines biz soon
Confident Group, a Bangalore-based real estate and hospitality company, has ordered five aircraft and a helicopter to launch its chartered airlines business soon. The company selected its fleet of jets and helicopter at the recently ...
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OUTLOOK
GM to launch Chevrolet Captiva in January
Chennai, Nov. 20 General Motors India is all set to launch the Chevrolet Captiva, a global premium sports utility vehicle (SUV), in January next year. The attractive SUV with a seven-seat layout option will be imported in the completely built ...
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‘RIL plans to cut LPG output’
The Minister of State for Petroleum and Natural Gas, Mr Dinsha Patel, today informed the Rajya Sabha that following the grant of export-oriented unit status to its Jamnagar refinery, Reliance Industries Ltd plans to reduce liquefied petroleum gas ...
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Porsche plans 10 centres by 2010
Mumbai, Nov 20 Expecting a 40 per cent growth in sales, the German luxury carmaker Porsche will open new centres in Chennai, Bangalore and Hyderabad in the next year. “When we started three years ago people were sceptical about ...
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PEOPLE
Kapil Garg is BG’s MD
BG India, a BG Group business, has announced the appointment of Mr Kapil Garg as the company’s new Managing Director. Mr Garg takes over from Mr William Adamson, who retires after 40-year tenure with BG Group, a company statement said. ...
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