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Friday, March 09, 2007
M&M wins bid for PTL stake
NEW DELHI: Mahindra and Mahindra on Thursday clinched a deal to acquire 43.5 per cent stake from private investors in Punjab Tractors for Rs. 360 a share, PTI reports, quoting a ...
HDFC raises PLR
MUMBAI: HDFC has raised its floating rates for existing and new borrowers by 0.75 percentage point, while fixed rates have been raised by one percentage point to 12 per cent with effect from March 1, a company spokesperson said here. ...
Maruti to launch new sedan SX4
GENEVA: Maruti Suzuki is heading for an image makeover through its new sedan SX4. While unveiling the hatchback version of the vehicle for the European market at the Auto Show here, Suzuki Motor Corp Board Member and Senior Operating Officer ...
Sinosteel halts import of iron ore from India
BEIJING: China's second largest iron ore importer, Sinosteel Corporation, has stopped buying from India in response to the imposition of export duties by New Delhi. The company made the announcement a week after India imposed a levy of Rs. 300 ...
Greaves Cotton acquires German firm
CHENNAI: : Greaves Cotton Ltd. has announced the acquisition of Bukh-Farymann Diesel GmbH, a Germany-based diesel engine manufacturing company. The enterprise value of this purchase, which is the company's first acquisition abroad, is around Rs. ...
Zylog Systems files draft prospectus
CHENNAI: Zylog Systems, a software solution provider, proposes to expand business by setting up two offshore development centres at Sholinganallur and Siruseri near Chennai. It also plans acquisitions and strategic investments. To part finance ...
McDonald's plans outlets in Chennai, Kerala
KOLKATA: McDonald's India is planning to open outlets in Chennai and Kerala, two States where the chain does not have a presence now. Out of its 108 restaurants in India, only seven are located in the south. Opening the first outlet in Kolkata, ...
ING Vysya launches OptiMix
BANGALORE: ING Vysya's investment management entity has launched OptiMix, said to be the country's first open-ended fund based on the Manage-The-Manager concept. The objective of the scheme is to provide long-term capital appreciation by ...
HDFC MF declares dividend for 3 schemes
CHENNAI: : HDFC Mutual Fund has declared dividend for three schemes: HDFC Equity Fund: Dividend Plan, HDFC Tax Saver: Dividend Plan, HDFC MF Monthly Income Plan: Short-term plan Monthly dividend option. The record date is March 7. The ...
Mudra Lifestyle bags Rs. 20 cr. order
CHENNAI: Mudra Lifestyle Ltd., engaged in fabric weaving, processing and garment manufacturing, has bagged an order from the U.S.-based ELBECO to make police uniforms. The order worth Rs. 20 crore is to supply eight lakh garments, having a chain ...
CHENNAI: The following senior appointments have been announced by the companies concerned: SpiceJet, a private low-cost domestic carrier, has appointed Kamal Hingorani as its Vice-President (Marketing and Planning); Whirlpool of India has ...
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