CORPORATE
ANNOUNCEMENTS
IOC raises prices of branded fuel
XtraPremium petrol and XtraMile diesel to cost more
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Alps Ind sets up arm
Alps Industries Ltd has set up a wholly owned subsidiary company named Alps Energy Private Ltd to make investments in various energy projects. This will be the vehicle for the company’s investments in the energy sector. The company is ...
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OVERSEAS BORROWINGS
Easun Reyrolle GDR allotment
Easun Reyrolle Ltd has said that its directors have allotted 937,500 Global Depository Receipts (GDRs) aggregating to $7,500,000 to international investors. This offer and allotment of GDRs of $7.50 million at the rate of $8 per GDR (Rs 315.60) ...
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NEW BUSINESS
Gujarat Ambuja Exports bags orders to ship groundnut oil
Ahmedabad, Jan 4 Gujarat Ambuja Exports Ltd (GAEL), a leading player in solvent extraction of oilseeds and edible oil refining sector, has bagged orders to export groundnut oil to the European countries to the tune of more than Rs. 200 crore, ...
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AWARDS & HONOURS
Tuticorin Alkali Chem wins award
The New Delhi–based Institute Of Economic Studies has conferred the ‘Udyog Rattan’ award on Mr S. Chandramohan, Managing Director, Tuticorin Alkali Chemicals and Fertilisers Ltd (a SPIC Group company), for outstanding ...
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MERGERS & ACQUISITIONS
RFCL set to acquire Alved Pharma
New Delhi, Jan. 4 ICICI venture firm, RFCL Ltd, on Friday said it is set to acquire Chennai-based veterinary healthcare company Alved Pharma and Foods Pvt Ltd for an undisclosed amount. RFCL has signed a definitive share purchase ...
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NEW PROJECTS
MSN Labs planning Rs 100-cr investment
To focus on contract research, manufacturing
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INTERVIEW
First project to go on stream in 2009: Anil Ambani
‘We have the lines of credit approval from various banks’
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RIGHTS ISSUE
Heritage Foods pref issue
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OUTLOOK
PFC mulls setting up financial advisory arm
Tapping investor interest in power sector
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Audi begins production in India
Audi India has commenced production of the Audi A6 at Aurangabad and expects to manufacture 300-400 units of the luxury midsize sedan, intended exclusively for the Indian market, by the end of 2008. It also plans to launch assembly of the Audi ...
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Sarda Group plans training centre for jute products
The Rs 2,000-crore turnover Sarda Group, which has business interests in jute, real estate and IT, has firmed up plans to set up a training centre for unskilled workers in the jute industry. The Group, which currently has under its ...
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AMW firming up plans to enter into LCV segment
New Delhi, Jan. 4 After a series of new players entering into the light commercial vehicles (LCVs) space, Asia MotorWorks Ltd (AMW) is firming up its plans to foray into the segment by showcasing its 1.5-3 tonne vehicle at the Auto Expo next ...
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RSP expansion may help raise SAIL output to 26 mt in 3 yrs
Kolkata, Jan 4 The Union Minister of Chemicals & Fertilisers and Steel, Mr Ram Vilas Paswan, today laid the foundation stone for work on the first phase of expansion and modernisation of Rourkela Steel Plant (RSP) at Rourkela. ...
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Zooming in on Tata’s ‘revolutionary new small car’
Chennai, Jan. 4 With only days to go for the unveiling of Tata’s small car, expectations are understandably high on the likely impact. “The ‘one lakh car’ could do for rural Indians what Henry Ford’s Model ...
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