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CORPORATE
ANNOUNCEMENTS:
ONGC fast-tracks east coast projects
Doubles Imperial Energy production to 11,500 barrels/day. New Delhi, Sept. 23 ONGC has put in place a dedicated business unit ‘Eastern Offshore Asset’ to put its east coast oil and gas discoveries on ...
ANNOUNCEMENTS:
Schwing Stetter unveils new concrete pump
Chennai, Sept. 23 Schwing Stetter India Pvt Ltd has launched a 36-m boom truck mounted ...
SOCIETY & DEVELOPMENT:
TVS Tyres hosting health camp
TVS Tyres is hosting a free health camp for auto-rickshaw drivers and their families and ‘Free Auto Check-up Camp’ at Quli Qutub Shah Stadium here from September 23 to 25. Auto-rickshaw drivers and their families can avail ...
ALLIANCES & JOINT VENTURES:
Prime Hospital, Vascular Concepts tie up
Prime Hospital has tied up the health awareness Web site Heart Insure and Vascular Concepts, a Bangalore-based manufacturer of endovascular devices, to offer health insurance to patients who underwent angioplasty interventions. Addressing a ...
PUBLIC OFFER:
REC board clears FPO proposal
...
OVERSEAS BORROWINGS:
Sujana Towers to raise up to $24 m
Sujana Towers Ltd, part of the diversified Sujana Group, has obtained the nod of its board to raise up to $24 million through Global Depository Receipts (GDRs) and Foreign Currency Convertible Bonds (FCCBs). The Hyderabad-based company has ...
NEW PROJECTS:
Ispat to spend Rs 2,600 cr on expansion
Coke oven plant, iron ore pellet project on the anvil. Ispat Industries Ltd proposes to spend Rs 2,600 crore in the next two years on various ...
NEW PROJECTS:
Century joins affordable housing bandwagon
Bangalore, Sept. 23 Century Real Estate, the company that gave Bangalore some of its landmark buildings, is the latest to join the affordable housing bandwagon. It has come up with ‘Century Indus’ project that offers apartments in ...
ANNOUNCEMENTS:
Suzlon promoters sell 4.5% stake for Rs 665 cr
Mumbai, Sept 23 Ms Nidhi T. Tanti, Mr Brij J. Tanti and Mr Girish R. Tanti, who are among the promoters of Suzlon Energy, have sold 4.5 per cent of their holdings for Rs 665 crore. The total promoter group shareholding is now 53.08 per ...
NEW PROJECTS:
Unitech Enterprises unveils energy-saving cooling systems
To collaborate with German manufacturers. Hyderabad, Sept. 23 Unitech Enterprises has introduced the Hydronic Radient Cooling (HRC) Systems, energy recovery ventilators and turnkey energy saving systems in the country in collaboration with ...
NEW PROJECTS:
MMTC may buy gold from secondary market
Joint venture gold refinery project likely by April. New Delhi, Sept. 23 State-owned trading company MMTC on Wednesday said it may consider buying gold from individuals. It does not do so at ...
ANNOUNCEMENTS:
Mercedes-Benz launches new E-class
Mercedes-Benz India launched the ninth generation E-Class sedan on Wednesday. The new E-Class, which Mercedes-Benz hopes will attract younger buyers into its fold, has been priced at Rs 46.98 lakh ...
PRIVATE PLACEMENT:
Cipla raises Rs 671 crore through QIP
Mumbai, Sept. 23 Drug-maker Cipla has raised about $140 million (an estimated Rs 671 crore) through Qualified Institutional Placements (QIP), a source familiar with the development told ...
MERGERS & ACQUISITIONS:
Vedanta Resources hikes Sesa Goa holding
Mumbai, Sept 23 Vedanta Resources Plc has acquired 2.12 per cent in Sesa Goa through open market purchases between September 10 and 18, said Sesa Goa in a statement to BSE on ...
PREFERENTIAL ALLOTMENTS:
Rallis to make preferential allotment to Tata Chem
Mumbai, Sept. 23 Rallis India, a Tata Group company, on Tuesday decided to allot 9.80 lakh shares to its main promoter Tata Chemicals on a preferential basis at a price to be determined as per SEBI ...
OVERSEAS INVESTMENTS:
Varun to speed up uranium prospecting
Stainless steelware manufacturer Varun Group plans to complete the exploration phase of the uranium alliance with the Republic of Madagascar within a year instead of the earlier projected ...
NEW PROJECTS:
St Laurn Hotels to invest Rs 3,000 cr
Ahmedabad, Sept 23 St Laurn Hotels Ltd plans to invest Rs 3,000 crore to open 20 hotels in Tier-II and Tier-III towns across the country by the ...
PEOPLE:
Maytas: Govt nominees step down
The Centre today issued a notification for withdrawal of two of the four Government nominated directors from the Maytas Infra board. This follows an order of the Company Law Board issued last month (August 31), whereby CLB directed induction of ...
PEOPLE:
Ambuja Cement chief steps down
Mr Suresh Neotia, one of the founding promoters and the Chairman of Ambuja Cements, has stepped down from the board of the company. The board has conferred upon Mr Neotia the status of Chairman Emeritus. Mr Sekhsaria, current Vice-Chairman, ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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