SAT set to deliver interim order in Aventis open offer case today
Mumbai: After waiting for long in the dark, Aventis CropScience India Ltd’ shareholders, who tendered their shares in the open offer of Bayer CropScience AG - acquirer of Aventis - will see some light on Monday with the Securities Appellate Tribunal expected to deliver its interim order in a petition filed by the minority shareholders of Aventis.
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Distillers’ body renew demand for third tier of customs duty
New Delhi: All India Distiller’s Association has urged the Union government to implement Joint Working Group recommendations on customs duty on alcoholic beverages in the forthcoming budget under which it has asked the central government to create a third tier of additional duty.
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Kovai units to close today to protest against iron price hike, shortage
Coimbatore: Engineering industries in Coimbatore, the foundry and castings capital of India, is in distress. They are closing down their units on Monday to express their anguish and anxiety over the fast increasing prices and scarcity of basic raw materials like pig iron, iron scrap and coking coal.
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Arbitration Tribunal adjourns DPC proceedings indefinitely
Mumbai: The Maharashtra government has received major relief as the London Arbitration Tribunal headed by Lord Mustill has indefinitely adjourned the proceedings against it, filed by the now fallen Dabhol Power Company for the recovery of dues.
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CDC sticks to its guns on L&T investment plan, talks continue
Mumbai: Even as the Larsen & Toubro management negotiates with CDC Capital Partners to sweeten the terms of its investment in Larsen & Toubro's cement division, the UK-based financial investor, it seems, is not ready to compromise on most of the 'controversial' clauses.
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SSI board meets today to shape up Aptech deal
Chennai: The Aptech-SSI deal seems to be moving ahead as the promoters of Aptech have decided to stick to their decision to offload their stake in Aptech Training to the Chennai-based training company SSI.
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BG agrees to share CEO’s post at Panna Mukta fields
New Delhi: The year-long standoff between British Gas and Oil and Natural Gas Corporation (ONGC) over the operatorship of Panna-Mukta and Tapti oil and gas fields has been resolved with the British firm agreeing to share the CEO's post in the joint venture on rotational basis.
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Reliance breaks rules by offering roaming: Cell firms
Mumbai: Reliance's offer of roaming services across 673 cities has generated a controversy. Cellular operators claim that the WLL services were meant to offer limited mobility only and by offering the roaming services, there was a clear breach of existing regulations by Reliance.
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TVS Elec, TVS eTech to merge
Mumbai: The board of TVS Electronics (TVSE) has approved a scheme of merger with TVS eTechnology (eTech), an unlisted company, at a stock swap ratio of 1:1. Both TVSE and eTech are subsidiaries of the same holding company, TVS Investments.
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Kurien critical of NDDB's joint venture move
Ahmedabad: Resenting plans by the National Dairy Development Board (NDDB) for joint ventures with state federations, Gujarat Cooperative Milk Marketing Federation chairman V Kurien said yesterday the move would convert cooperatives into government entities, affecting farmers' interests.
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Eldeco plans major projects
New Delhi: The Rs 650-crore Eldeco group, engaged in the business of township development, residential group housing and commercial complexes, has finalised Rs 600-crore worth projects for Lucknow , Kanpur and the National Capital Region (NCR).
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CDC raises stake in Cico Technologies
New Delhi: The UK-based venture capitalist, Commonwealth Development Commission (CDC), has increased its stake in the Rs 25-crore Indian construction chemicals manufacturing company, Cico Technologies Ltd (CTL), by investing a fresh capital of Rs 5.50 crore for expanding the company's retail chain.
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Amtrex Hitachi eyes Rs 300-cr sales - Plans manufacturing unit in Jammu
New Delhi: After buying out its joint venture partner in Amtrex Hitachi Appliances Ltd (AHA) in India, the Japanese major has worked out clear strategies to capture the growing Indian market, targeting sales of about Rs 300 crore next year. Apart from making India its future export hub, the company is also in the process of setting up another unit in Jammu.
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