Author: CP

The board of Rajesh Exports has decided to subdivide equity shares of Rs 2 each to Re 1 each and to increase the authorized share capital of the company to Rs 30 crore.

The board of Rolta India has recommended the issue of bonus shares in the proportion of one equity share for every one equity share [1:1] held by the members, on a date to be fixed by the board, by capitalizing a part of the general reserve / share premium account.

Kerala Ayurveda has announced that its newly incorporated subsidiary CMS-Katra Holdings LLC, USA has acquired a 51% equity stake in US-based CMS-Katra Nursing LLC, which is acquiring the entire business and assets of CMS Inc, a leading healthcare staffing company based in Florida, USA, with a strong focus in hospitals and other healthcare facilities through placement of credentialed pool of foreign nurses.

Maruti Suzuki continues to be the leader in the Indian market. Hyundai has gained good traction in the market. Here are the final figures of Passenger Car Sales in India.

• Maruti Suzuki 63,086
• Hyundai Motors 18,009
• Tata Motors 18,061
• Mahindra & Mahindra 10,512
• General Motors 5,751
• Honda 5,674
• Toyota 5,096
• Ford 3,552
• Mitsubishi/ HM 1,119
• Skoda 900

Mahindra & Mahindra will launch Bolero, Diesel version in the United States in the next quarter.

Triveni Engineering & Industries announced that General Electric Company’s (GE) Oil & Gas business has signed an agreement with the company to enter the fast growing high speed reciprocating (HSR) compressor market in India.

GE’s agreement with the company will consist of an initial term of five years and will involve the import of bare (flange-to-flange) compressors from GE Oil & Gas Oshkosh, Wisconsin, USA facility. The company will do the engineering design, manufacturing and assembly of the package. It will also procure drivers and the rest of the components for packaging in India. The company will be the customer point of contact in India for both selling of the packaged product and the after market sales and service.

Karuturi Networks has completed all formalities leading lending to acquisition of infrastructure and management control of Sher Agencies, Kenya.

With this acquisition, the company has emerged as the worlds largest producer and exporter of roses. Karuturi Roses are available in Africa, USA. Europe, Middle East, Far East Asia, Australia and New Zealand. This acquisition renders the company as the truly multi national and fully integrated company in India in the field of agriculture.

Sai Ramakrishna Karuturi and Srinivas Rao Karuturi are appointed as the directors of Sher Agencies, Kenya after the existing directors of the company stepped down following the acquisition. The new board of directors have proposed to rename the company as Sher Karuturi.