CORPORATE
PREFERENTIAL ALLOTMENTS
Heritage Foods approves share issue
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DIVIDEND ANNOUNCEMENT
PSUs contribute bulk of dividend payout
54 PSUs paid Rs 21,574 cr to their shareholders
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NEW BUSINESS
BHEL wins Rs 3,390 cr contract
Equipment major Bharat Heavy Electricals Ltd (BHEL) has secured a contract worth Rs 3,390 crore for setting up two units of 500 MW each at Anpara D Thermal Power Station (TPS) in Uttar Pradesh. The units, ordered by Uttar Pradesh Rajya Vidyut ...
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L&T bags Rs 1,107-cr orders from SAIL
Mumbai, Feb 8 Larsen & Toubro Ltd (L&T) has bagged orders worth Rs 1,107 crore from Steel Authority of India Ltd for the turnkey construction of coal and coke handling plant and base mix preparation plant at IISCO Steel Plant, Burnpur, ...
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MERGERS & ACQUISITIONS
Adecco buys industrial staffing firm
Bangalore, Feb. 8 HR services company Adecco India has made a foray into blue collar temping in the country with the acquisition of Mumbai-based industrial staffing firm Ajinkya. The acquisition, for an undisclosed sum, will boost ...
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NEW PROJECTS
Ceat in talks with partners for 2 greenfield projects
Export of passenger car tyres on cards
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Beko Tech sets up first India plant at Hyderabad
Hyderabad, Feb. 8 German firm Beko Technologies Gmbh, engaged in compressed air technology products and solutions for industrial applications, has set up its fourth global manufacturing base and its first in India at Hyderabad. The other ...
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Dalmia Cements planning to double capacity
Commissions three greenfield projects
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ALLIANCES & JOINT VENTURES
IFC, Cairn open centre for small biz development in Rajasthan
New Delhi, Feb. 8 IFC, a member of the World Bank group, has reinforced its partnership with Cairn India with the opening of an enterprise centre to support community and local small businesses development initiatives, in and around Barmer ...
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SAIL, Steel Complex in pact for joint venture
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Strides Arcolab set to take majority stake in Australia’s Genepharm
To surrender SE Asian operations to Genepharm
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Dr Reddy’s pact with SkyePharma
Dr Reddy’s Laboratories Ltd has entered into an agreement with London-based SkyePharma PLC to undertake a feasibility study of a product (which has not been disclosed) utilising two of SkyePharma’s proprietary drug delivery systems. ...
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Merck seeking alliances to accelerate drug discovery
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Mitsubishi Corp ties up with Coimbatore co
Coimbatore, Feb. 8 Mitsubishi Corporation has joined hands with Coimbatore-based Craftsman Automation Pvt Ltd to form a joint venture — MC Craftsman Machinery Pvt. Ltd — to offer sales and service of industrial machinery such as ...
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SICK UNITS
Nod for transfer of BWEL to Rlys after financial recast package
New Delhi, Jan. 8 The Government has approved the transfer of administrative control of Bharat Wagon and Engineering Company Ltd (BWEL), a sick public sector unit under the Ministry of Heavy Industries, to the Indian Railways after undertaking ...
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Rs 200-cr interim grant to FACT approved
New Delhi, Feb. 8 The Government has approved an interim grant of Rs 200 crore to the ailing Fertilizers and Chemicals Travancore Ltd (FACT) to help it sustain operations till the end of this fiscal. The one-time interim grant was ...
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OUTLOOK
Oil India confident of IPO in March-end
Issue price yet to be decided
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Messe Düsseldorf hopes to double revenue
New Delhi, Feb. 8 Messe Düsseldorf India Pvt Ltd, the Indian subsidiary of Messe Düsseldorf GmbH, expects to double its revenue, from the present €5 million, in the next five years.“Currently, the Indian operation ...
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