CORPORATE
ANNOUNCEMENTS
Samsung rolls out 10 millionth CTV
Digital technology company Samsung India has rolled out its 10 millionth CTV at its Noida colour television facility here on Wednesday. The company, which commenced production at the Noida CTV facility in June 1997, has rolled out its 10 ...
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Yakult Danone introduces probiotic drink
New Delhi, Dec. 19 Yakult Danone India (YDI) has launched its probiotic drinks Yakult from its global portfolio. The company is betting on the wellness fad and hopes to sell at least one lakh bottles a day within a year of its ...
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MCF conducts emergency mock drill
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PREFERENTIAL ALLOTMENTS
India Cements plans pref issue to QIBs
Chennai, Dec. 19 India Cements plans to issue equity shares to qualified institutional buyers to raise Rs 592.50 crore, according to information provided by the company to the stock exchange.The company, which last week obtained ...
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Suzlon raises Rs 2,183 cr thru QIP route
Global wind energy major Suzlon Energy Ltd has raised Rs 2,183 crore by selling shares to selected investors through the qualified institutional placement (QIP) route. The money thus raised will be used to repay part of the debt raised to fund ...
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NEW BUSINESS
L&T unit bags contract
Larsen & Toubro’s construction division has bagged a design and build contract from the Mumbai Metropolitan Region Development Authority for the construction of an elevated access road from the Western Express Highway, Mumbai, to the ...
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AWARDS & HONOURS
Award for IFFCO's plant
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MERGERS & ACQUISITIONS
Jaguar-Rover: Another New Year gift for Tatas?
Stage appears set for clinching the two auto brands
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Challenges await the bidder
Mumbai, Dec. 19 The Tata Group may have emerged as the preferred bidder for Ford’s luxury brands Jaguar and the Land Rover. But the deal comes bundled with challenges for the Mumbai-based conglomerate, if it does indeed manage to clinch ...
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NEW PROJECTS
Pride Hotels to invest Rs 340 cr for expansion
Mumbai, Dec. 19 The Pride Hotels, a Mumbai-based five-star business hotel chain, plans to go in for an initial public offering in the first quarter of 2008 to part-fund its total expansion plan of Rs 340 crore. The group has already ...
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OVERSEAS INVESTMENTS
Welspun acquires 76% stake in Portuguese co
Mumbai, Dec. 19 Welspun India Ltd has acquired 76 per cent of Portugese-bath rug and shower curtain player Sorema- Tapates e Cortinas de Banho, SA at a price of Rs 60 crore, according to a company release. The two companies also signed an ...
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Lanxess buys 70% stake in Petroflex for Rs 1,148 cr
Mumbai, Dec. 19 The German-based speciality chemical manufacturing group Lanxess has acquired about 70 per cent in Brazil-based Petroflex S.A for about Rs 1,148 crore (€198 million). Lanxess AG, Leverkusen has a presence in India, ...
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IOC adopts aggressive strategy for overseas projects
Proposes to club exploration, refinery activities while seeking opportunities
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ALLIANCES & JOINT VENTURES
Altair plans centres of excellence in engineering design
Ties up with NITs to create a pool of trained students
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Spanish restaurant Eat Out ties up with Lite Bite
New Delhi, Dec. 19 The Eat Out Group, a part of Spanish company Agrolimen, has inked an agreement with Mr Amit Burman-promoted Lite Bite Foods to establish a chain of specialty restaurants in India. The venture will invest around Rs 50 crore ...
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NPIL ties up with Japanese co
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Network18, Jagran in pact for biz daily
Mumbai, Dec. 19 Network18, the holding company of TV 18, and media house Jagran Prakashan have announced a 50:50 joint venture to launch a Hindi business daily newspaper next year. A press release issued said the joint venture will ...
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TV18’s print foray may prove profitable
Considerable synergies in distribution, content
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SAIL signs pact with Rail Vikas
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DIVERSIFICATION
Tata Power eyes shipping, logistics
Planning to raise Rs 4,000 cr in domestic and global markets
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Hindustan Latex plans major expansion
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Maars foray into infrastructure
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OUTLOOK
Tata to unveil Rs 1 lakh car at Jan 10 Auto Expo
Commercial launch not before mid-2008
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People's car: In manual, automatic versions
Pune, Dec. 19 The much-awaited Rs 1-lakh car from Tata Motors will be launched in manual and automatic (continuous variable transmission) versions, and will also be manufactured at its Uttarakhand facility, where a separate assembly line is ...
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