AWARDS & HONOURS
Tata Motors arm bags award
BANGALORE: The HR-training division of Tata Motors has bagged the prestigious and internationally recognised "Golden Peacock National Training Award" in the category of `Large Employer'. The Golden Peacock Award has been instituted by ... More

COURTS/LEGAL ISSUES
SC restores tax exemption to Tata Steel CR mill
TATA Steel on Friday said that a Supreme Court order dated August 25 has restored sales tax exemption granted to its cold rolling mill. The exemption was initially granted by the Joint Commissioner, Commercial Taxes, through an order in ... More

MERGERS & ACQUISITIONS
Siemens VDO mulls merger with parent co
SIEMENS VDO Automotive Ltd is mulling a merger with German engineering giant Siemens, which holds over 86 per cent stake in the auto component company. A Siemens VDO Automotive official told Business Line that the company's board, at a ... More

Hanmer acquires healthcare communication co
COMMUNICATIONS agency Hanmer & Partners today announced the acquisition of Doc Asia, a healthcare interactive communication firm. With this acquisition, Hanmer & Partners will add two new divisions to its current service offerings - Hanme More

CORPORATE GOVERNANCE
Need to improve corporate, political governance stressed
CORPORATE governance and the role of the accountancy profession came in for debate at the inaugural session of the SAFA (South Asian Federation of Accountants) Conference on `Integrated Financial Sector in the SAARC Region.' The SAFA President, ... More

NEW PROJECTS
Visa Ind completes financial closure for steel project
VISA Industries Ltd, the Orissa-based manufacturing arm of the Visa Group, completed its financial closure for the initial part of its integrated steel and stainless steel project at the Kalinganagar Industrial Complex. The total investment is ... More

DIVERSIFICATION
GAIL: From gas to mosquito nets — Ties up with Sumitomo for chemical
GAIL (India) will be producing mosquito nets! The Rs 12,000-crore natural gas giant has tied up with Sumitomo Chemicals of Japan to produce insecticidal mosquito nets on a pilot basis in Tamil Nadu. GAIL may consider commercialisation of the ... More

OUTLOOK
Praj Industries plans to enter Europe
SETTING up an export-oriented unit, ramping up the IT-enabled engineering business, charitable trusts and entry into the Europe is the route that Praj Industries has chalked out for the current fiscal. Talking to presspersons, Mr Pramod C. ... More

Aventis says Chiron venture termination may hit growth
AVENTIS Pharma Ltd has said that the termination of its joint venture with Chiron Corp - for the manufacture of the anti-rabis vaccine - will have a `significant impact' on the medium term growth perspective of the company taking into ... More

PEOPLE
Wakhle is `Star Performer'
BANGALORE: Mr Rajiv Wakhle, Head, Product Development, Britannia Industries Ltd (South), received the Star Performer of the year award bestowed by LARAS (the regional master licensee for South India of Leadership Management International ... More