Brakes Auto to pump in Rs 100cr for HMV, LMV parts

Saturday, March 17, 2007, 11:22 [IST]

New Delhi, Mar 13 (UNI) Brakes Auto India Ltd will invest Rs 100 crore in its new venture in Chennai and Kolkata to manufacture heavy vehicle and light vehicle parts.

The company's Managing Director S Suresh Sharma said Brakes Auto will manufacture automobile, locomotive, aerospace and maritime components at the new facilities.

''The company also plans to manufacture specific items used in defence mechanism and locomotives, wagons and engine parts,'' he said in a statement.

UNI

Topics: AUTO-BRAKES-NEW VENTURE

Other articles published on March 17, 2007

Havell's to acquire SLI Sylvania's lighting biz for $300mln

Saturday, March 17, 2007,11:22 [IST]

New Delhi, Mar 13 (UNI) Havell's India, one of the leading electrical products company, today announced the acquisition of SLI Sylvania's lighting business for 300 million dollars in an all-cash-deal. Its Netherlands-based subsidiary -- Netherlands BV -- has signed an agreement with SLI Holdings Inc, for the latter' buyout. The acquisition process will be completed in between April-May this year. ''Sylvania's acquisition will provide us a platform with strong brands and established distribution channels in the global lighting industry with a.....

BNP Paribas acquires 34.35% stake in Geojit

Saturday, March 17, 2007,11:22 [IST]

Kochi, Mar 13 (UNI) French banking major BNP Paribas has acquired a 34.35 per cent stake in Indian financial services company Geojit, which will now be known as Geojit BNP Paribas Financial Services Limited, the company said today. A release from Geojit said here after receiving all necessary approvals, the Board of Directors of Geojit today issued 5.68 crore shares and 2.28 crore warrants to BNP Paribas. With this, the French banking major has become the largest share holder in.....

Limitless Updates

Business News

News Archives

Orbit Corp Ltd IPO opens Mar 20,price band fixed at 108-117

Saturday, March 17, 2007,11:23 [IST]

Mumbai, Mar 14 (UNI) Orbit Corporation Ltd is entering the capital markets on March 20, with an initial public offering (IPO) of 9,100,000 Equity Shares of Rs ten each for cash between a price band of Rs 108 and Rs 117 per Equity share along with one detachable Warrant Equity Share. Company MD Mr Pujit Aggarwal told reporters,''It is proposed that each Warrant can be exercised into an equity share commencing from completion of the 18th month up to the completion.....

Gayatri Projects bags 4 orders aggregating to Rs 192 cr

Saturday, March 17, 2007,11:23 [IST]

Mumbai, Mar 14 (UNI) Gayatri Projects Ltd (GPL), a Hyderabad based company, engaged in execution of major civil works, has bagged four prestigious projects amounting to a total worth of Rs 192.09 crore. T V Sandeep Reddy, Managing Director of the company said through a release here that major project among the four is the Asian Development Bank (ADB) projects worth Rs 118.07 crore in the State of Chattisgarh. The project includes rehabilitation and upgrading of the State 10A highways covering.....

Precious metals slide to eight-week low

Saturday, March 17, 2007,11:23 [IST]

Mumbai, Mar 14 (UNI) Silver fell to a eight-week low and gold by a seven-week low today on weak global advice during the closing session, traders at the Bombay Bullion Association said. Following are the closing rates of silver and gold: Silver (per kg) 999 fineness grade : Rs 19,075 (19,355), Gold (per 10 gm): Gold 99.5 purity standard mint : Rs 9,235 (9,345), Gold 99.9 purity pure Gold : Rs 9,285 (9,395). UNI.....