CORPORATE
ANNOUNCEMENTS
Ginger enters Gujarat with its 11th property in Vadodara
Ginger, no-frill hotel brand from Indian Hotels Company Ltd (IHCL), launched its 11th property in Vadodara. This also marks the entry of the budget hotel brand into Gujarat.The new 95-room hotel has been added to Ginger’s growing ...
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Phoenix Mills’ new structure
The board of Phoenix Mills Ltd has announced its intention to reorganise the capital structure of the company. The current structure, comprising of 30 lakh equity shares of face value of Rs 10 each, including the issued as well as un-issued ...
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PRIVATE PLACEMENT
Simplex infra raises Rs 400 cr
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PREFERENTIAL ALLOTMENTS
Nod for Mascon Global pref issue
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CORPORATE DISPUTES
Tatas want apology from Orient Express Hotels
For tenor of letter turning down request for alliance talks
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OVERSEAS BORROWINGS
HEG converts FCCBs
HEG Ltd has informed the BSE that of the FCCBs due in 2010 amounting to $28.75 million issued by the company in July 2005, the share allotment committee of directors of the company at a meeting on December 20 allotted 2,83,017 shares upon ...
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NEW BUSINESS
Hind Const bags DMRC contract
Hindustan Construction Company (HCC) and Alpine Mayreder, Austria, have bagged a contract worth Rs 297.51 crore from the Delhi Metro Rail Corporation (DMRC).HCC, in a joint venture with Alpine, has a 49 per cent share of the value (Rs 145.78 ...
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Nagarjuna wins Oman road project
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OUTSOURCING
BMW to augment global sourcing share from India
Pune, Dec. 20 Luxury carmaker BMW, which recently set up the International Purchasing Office in the country, is exploring sourcing of global requirements from India. In an informal talk, Mr Peter Kronschnabl, President, BMW India, said ...
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COURTS/LEGAL ISSUES
Order staying TVS’ Flame sale suspended
Chennai, Dec. 20 The Madras High Court today suspended a single judge order that restrained TVS Motor Company Ltd from booking orders for its new motorcycle, Flame. The First Bench comprising the Chief Justice, Mr A.P. Shah, and Mr ...
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RESTRUCTURING
Andrew Yule to spin off electrical and engineering biz
Govt’s total non-cash support for revival at Rs 490.83 cr
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MERGERS & ACQUISITIONS
Jaguar-Land Rover suitor likely today
Tatas may hit the tape first
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Fursa Mauritius picks up 43% stake in Gayatri Starchkem
Hyderabad, Dec. 20 Fursa Mauritius, an investment fund, has picked up a 42.63 per cent equity in the Hyderabad-based Gayatri Starchkem for Rs 18.5 crore. The fund, an arm of New York-based Fursa Alternative Strategies, has also decided ...
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India Inc signs deals worth $68.32 b in 2007
Steel & telecom were hot sectors
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BHEL acquiring Bharat Heavy Plate
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Gujarat NRE Australian mergers
Gujarat NRE Coke Ltd has informed the BSE that the board of directors of India NRE Minerals Ltd, an Australian subsidiary of the company, have confirmed that offers made by India NRE Minerals Ltd to acquire all the fully paid ordinary shares and ...
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ALLIANCES & JOINT VENTURES
IBM inks 5-year deal with Sankara Nethralaya
IBM has formally signed a five-year deal with Sankara Nethralaya to implement an integrated IT management solution on the lines of software as a service. Called Network Operations Center-Inside (NOC-I), the subscription-based offering ...
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Intex scouts for jt venture partner
Mumbai, Dec. 20 IT peripherals and electronics firm Intex Technologies is on the look out for a joint venture partner to manufacture audio/video products and power electronics in India. “We intend to set up a base for ...
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INTERVIEW
‘Maruti is ready to play a much bigger role in Suzuki’s global operations’
New Delhi, Dec. 20 Mr Shinzo Nakanishi will be the new face of Maruti Suzuki India Ltd (MSIL) as he takes over as the Managing Director from his predecessor Mr Jagdish Khattar. In his three-decades-long tenure at Suzuki Motor ...
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OUTLOOK
Tata Motors to launch slew of vehicles in 2008
Pune, Dec. 20 Tata Motors is preparing to launch a slew of new products in the forthcoming year, including pick-up vehicles in Thailand, the world truck in Korea and India and inter-city coaches and buses under the joint venture with Marco ...
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DuPont India to close 2007 with $425 m revenues
Hyderabad, Dec. 20 DuPont India, a wholly-owned subsidiary of the US-based DuPont Corporation, expects to clock revenues of $425 million by end of 2007. DuPont, with revenues of $28 billion, which is establishing its biggest Research ...
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