The Board of Kesoram Industries Ltd decided to amalgamate its 100 per cent subsidiary, KICM Investment Ltd with the company.
Shares of Bharti Airtel on Wednesday fell 6 per cent amid reports that the government is learnt to have approved levying of Rs 650-crore penalty on the company for violating roaming norms in 13 service areas between 2003 and 2005.
Shares of Reliance Infrastructure and Reliance Natural Resources Ltd on Tuesday tanked in the range of 4-8 per cent on the bourses after reports surfaced that these two ADA Group firms are involved in fraudulent banking activities overseas.
Geo-political concerns over death of a Saudi journalist, Brexit and likely breach in Italy's budget also kept investors cautious.
Indian Oil Corporation Ltd has received shareholders approval for merging its subsidiary, IBP Co Ltd with itself.
Bank of Rajasthan Ltd plans to seek creditors approval for merging its arm Rajasthan Bank Financial Services Ltd with the bank.
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
GDR Media Ltd decided to allot 10,00,000 equity shares of GDR Multimedia Ltd, of Rs 5 each to P Mahesh Reddy and his associates for cash and 60,00,000 shares to Almond Softfin Pvt Ltd holders.
SKF Bearings Ltd has informed BSE that the company intends to publish audited financial results for the year ended December 31, 2002 by March 31, 2003.
No reason was given for his resignation.
GVK-owned three companies will be merged with another group company -- Novopan Industries Ltd -- for a consideration of Rs 25.32 crore (Rs 253.2 million) to consolidate the particle boards operations of the group.
Zicom Electronic Security Systems Ltd signed an alliance with Topsgroups Tops Sequipments Ltd to promote, market and sell security systems solutions.
Himatsingka Seide Ltd ABC Trading Pvt Ltd as it has real estate assets for Rs 57.50 million, which the company finds suitable for its retail launch.
Balrampur Chini Mills Ltd has informed BSE that the power project at Balrampur (Uttar Pradesh) is expected to be commissioned in the month of February 2003.\n\n\n\n
Rallis India Ltd's board approved the merger of Siris India Ltd, a wholly owned subsidiary of the company, with Rallis India.
"We are ready to evaluate purchase for any additional shares including from the IndusInd Bank. But, our headroom is about four per cent. We will keep our holding below 25 per cent," Dabur India Vice Chairman Mohit Burman told PTI from Greece on Sunday.
In a statement, Rosen Law Firm said it is investigating potential securities claims on behalf of shareholders of Infosys resulting from allegations that the company may have issued materially misleading business information to the investing public.
Domestic investors were also concerned about possible stagflation in India due to low growth and high inflation in wake of recently released government data. IndusInd Bank was the top loser in the Sensex pack, dropping 5.44 per cent. Infosys, SBI, PowerGrid, Tech Mahindra, Bharti Airtel and HDFC Bank too fell up to 1.21 per cent.
Tata Steel was the day's worst performer in the Sensex pack, plunging 3.25 per cent, followed by Bharti Airtel at 3.05 per cent.
Pearl Organics Ltd approved allotment of 37,00,000 equity shares of Rs 10 each to Wander Pvt Ltd on preferential allotment basis. The allotment is made for acquisition of the Setcal brand from Wander Pvt Ltd for Rs 37 million.
Bombay Dyeing & Manufacturing Co Ltd said Fitch Rating India Pvt Ltd affirmed F1 + (Ind) rating to its short-term debt program.
Radico Khaitan Ltd fixed February 18 the record date for the amalgamation of Radico Khaitan with Abhishek Cements Ltd. One equity share of Rs 10 of Abhishek Cements Ltd will be allotted for every one share of Rs 10 in the company.
Essar Oil Ltd plans to sell its energy division to Bin Jabr Group Ltd, an Abu Dhabi-based oil and gas service provider.
Fortune Informatics Ltd and CMS Computers Ltd, a transaction printing solutions firm, signed a pact that will help Fortune increase its market share.
Bharat Earth Movers Ltd and Konkan Railway Corporation Ltd signed a pact to manufacture sky-buses for the metro rail project in Goa.
Tips Industries Ltd decided to acquire the entire shareholding of Tips Films Pvt Ltd thus making it a 100% subsidiary of the company.
Risk sentiment received a boost after eight core sectors grew to a five-month high of 4.9 per cent in August
IKF Finance Ltd said Credit Analysis and Research Ltd decided to retain 'CARE BBB' rating for its Rs 20 million non convertible debentures programme.
FCI OEN Connectors Ltd said it will sell its investment of 2,00,000 shares in subsidiary OCL Interconnection Systems Ltd to Souriau, France.
Siemens Ltd plans to acquire 100% stake in Siemens Buildings Technologies Pvt Ltd, from Siemens Building Technologies AG, Switzerland, for Rs 4.79 crore
Cadila Healthcare Ltd board approved amalgamation of German Remedies Ltd, Recon Healthcare Ltd, Zydus Pathline Ltd & Zoom Properties Ltd with the company.
VBC Finance & Leasing Ltd will exit finance and leasing business, take up insurance brokerage business, and change name to Bharat Insurance Manager Ltd.
Indo Gulf Corp fixed March 13 record date for the scheme of arrangement between the company, Hindalco Industries Ltd and Indo Gulf Fertilisers Ltd.
TVS Electronics Ltd board approved a merger with TVS eTechnology Ltd. One TVS Electronics share will be swapped for each eTech share.
DPIL to seek members approval for sale of its Tippuk Tea Estate in Assam
The Sensex and Nifty remained above their key levels of 36,000 and 10,900 throughout the session, indicating strong investor optimism after a prolonged spell of caution.
Mafatlal Industries Ltd has fixed January 31 to February 06 as book closure for arrangement between the company and Polyolefines Rubber Chemicals Ltd and Sulakshna Securities Ltd by demerger.
Mirza Tanners Ltd redeemed non-convertible debentures issued to Jammu & Kashmir Bank Ltd totaling Rs 100 million before maturity period to reduce costly funds.
Raasi Refractories Ltd decided to appoint a consultant to work out the details of the proposed merger of Raasi Enterprise Solutions Ltd with the company.
Hind Lever Chemicals Ltd's board will meet on January 24 to consider a proposal for the merger of the company with the Tata Chemicals Ltd.
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