CORPORATE
ACCIDENTS
Minor fire near ONGC well
A minor fire gutted some grass on Wednesday in an area adjacent to an ONGC facility at Ankleshwar in Bharuch district of Gujarat, but no loss of property or casualties were reported. According to reports, fire tenders immediately putout the blaze ...
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ANNOUNCEMENTS
Ashok Leyland raises vehicle prices by 2.5%
Chennai, Feb. 28 Ashok Leyland today announced a 2.5 per cent hike in prices of its medium and heavy duty commercial vehicles with immediate effect. The company has said the price hike has been necessitated by rising input ...
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Santro on discount for women
Hyundai Motor India Ltd would offer discount of Rs 14,000 on the automatic transmission model of its Santro model for its women customers in celebration of the International Women’s Day on March 8 and women’s week starting from March ...
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PREFERENTIAL ALLOTMENTS
Bharat Forge gets nod for warrant issue
Pune, Feb. 28 Bharat Forge Ltd at its board meeting held on Wednesday approved a preferential issue of convertible warrants subject to the requisite approval by shareholders and applicable guidelines to the promoters group. Pricing of ...
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OVERSEAS BORROWINGS
Corporates to step up access to primary market
New Delhi, Feb 28 Indian corporates would step up their access to the primary market to raise resources both through equity and debt issues. Alongside, the overseas issues (ADR/GDR) too are expected to gain in importance to supplement the ...
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Sintex to raise $300 m
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NEW BUSINESS
Aban Offshore gets $25-m contract
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CREDIT RATING
Banks not happy with pace of corporate loan ratings
Higher risk weights on unrated exposures under Basel II
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IPR
Natco files another petition on Roche’s Tarceva
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RESTRUCTURING
Docpharma sale: Is the move driven by Mylan?
Strategic, financial reasons push Matrix to sell-off
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Matrix Labs may sell generics unit
Matrix Laboratories Ltd is planning to divest its subsidiary – Docpharma – a marketer and distributor of generic pharmaceuticals in Belgium, the Netherlands and Luxemburg.The board of directors of the Hyderabad-based ...
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MERGERS & ACQUISITIONS
DQE picks up 20% in Method Films
Animation and gaming production company DQ Entertainment has acquired a 20 per cent stake in French content creation company Method Films SA. This acquisition is part of the DQE’s strategy to invest in co-production to obtain larger ...
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HK co picks up stake in Ikan Relocations
Bangalore, Feb. 28 To facilitate growth of its global business, Bangalore-based relocations company Ikan Relocations Services Pvt Ltd has offloaded a 70 per cent stake to Hong Kong-based Santa Fe Relocations for an undisclosed sum. Mr ...
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Indiabulls to buy Dev Property
Indiabulls Real Estate Ltd has informed the BSE that the board of directors has approved the proposed investment and/or purchase of up to 100 per cent of the ordinary shares in Dev Property Development Plc (DPD shares), an Isle of Man registered ...
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NEW PROJECTS
Ceat plans Rs 500-cr radial tyre facility
Project to include pilot plant for truck-bus radials
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OVERSEAS INVESTMENTS
Apollo Hospitals to set up facility in Mauritius
Hyderabad, Feb. 28 Apollo Hospitals, in association with the Mauritius-based British American Investment Company, will set up a $70-million facility in the island nation, targeting patients from the neighbouring African and European Union ...
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ALLIANCES & JOINT VENTURES
Suven Life in talks with US co for drug discovery
Targets 25 collaborative projects by 2010
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Bengal, Mahindra Holidays sign MoU for new tourist spots
Work on the project may begin by December
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NTPC in jt venture with UP utility
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Property design co Yoo joins hands with Pune’s Panchshil Realty
Pune, Feb. 28 Global property design and development company Yoo has announced an alliance with Pune-based real estate developer Panchshil Realty to construct India’s first branded apartments. Yoo Pune, the first project under the joint ...
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Vizag Steel signs pact with RITES
Visakhapatnam, Feb. 28 Rashtriya Ispat Nigam Ltd signed a memorandum of understanding with the Rail India Technical and Economic Services Ltd (RITES) here on Thursday for design and implementation of the railway network required as a part of ...
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Ruchi Soya, NutriJoy in tech pact
Ruchi Soya Industries Ltd (RSIL) on Thursday entered into an exclusive technology licenced agreement with NutriJoy Inc of Kansas, for its patented functional beverages and snack foods technology. Besides India, the licence will cover China, ...
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SICK UNITS
‘Travancore Rayons revival certain as CM clears hurdles’
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PERFORMANCE
Maruti’s exports cross half a million
New Delhi, Feb. 28 Maruti Suzuki India Ltd announced that its cumulative exports crossed 5 lakh units. The company said that 1,180 cars were shipped on Thursday from the Mumbai port to various Latin American countries. Maruti Suzuki, ...
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PEOPLE
Nitin Paranjpe new Hind Unilever CEO
Changes effected at the top level
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