CORPORATE
ANNOUNCEMENTS
Media Video gets Rs 10-cr order from Haier Group
MEDIA Video Ltd said it has bagged an order of Rs 10 crore from Haier Appliances (India) Pvt Ltd, a part of Haier Group. Media Video Ltd is an OEM with a distribution network of 132 distributors and over 3,000 dealers in India. Media's product ...
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SBL conducting trials for homeopathic drugs
IT may seem odd to associate homeopathic companies with clinical trials. But Uttar Pradesh-based SBL is working on a clutch of innovative homeopathic medicines and even doing clinical trials for a couple of them at New Delhi's Escorts Hospital. ...
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AHLCON bags Rs 6.5-cr order
NEW DELHI: AHLCON - ready-mix concrete, a unit of Rs 300-crore Ahluwalia Contracts (India) Ltd, has bagged a Rs 6.5-crore order from IRCON, a public sector unit under the Ministry of Railways. As part of the contract, AHLCON has to ...
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ACCOUNTING STANDARDS
ICSI for making secretarial standards must for listed cos
COMPANIES may soon be required to compulsorily comply with the secretarial standards issued by the Institute of Company Secretaries of India (ICSI). This is, if the recommendations of the institute were to find their way in the new proposed ...
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AWARDS & HONOURS
ITC Centre bags Platinum Green Building rating from US agency
ITC Ltd has added a new feather to its EHS (Environment, Health and Safety) policy cap. This is in active pursuit of the `triple bottomline' concept - economic, ecological and social, which is the new benchmark for all high aspiring corporates ...
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COURTS/LEGAL ISSUES
Ranbaxy, other drug cos face £94.5 m claim in UK
Ranbaxy Laboratories Ltd may have to fork out a portion of the £94.5-million claim made by the National Health Service. When contacted, officials of Ranbaxy said that the matter is sub-judice and therefore "it is not fair to comment on the ...
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Converting Rs 52-cr dues into equity — CIAL, Hudco face-off drags on
COCHIN International Airport Ltd (CIAL) and the Housing and Urban Development Corporation (Hudco), the airport project's major financier, seem to be on a confrontation course following the latter's insistence for converting the Rs 52-crore loan ...
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MERGERS & ACQUISITIONS
Temasek arm picks up 6.9 pc stake in Satnam Overseas
THE Singapore-based Temasek Holdings has picked up 6.9 per cent stake in branded basmati rice exporter Satnam Overseas Ltd (SOL) from the open market. Temasek Holdings' subsidiary Arnada Investment (Mauritius) has purchased these shares. Most ...
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NEW PROJECTS
Korean major to set up chip facility in Hyderabad
A MAJOR semiconductor (chip) manufacturing facility in the private sector to address the needs of consumer electronics manufacturers across the globe would come in Hyderabad soon at an investment of over $1.6 billion (around Rs 7,250 crore). ...
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The Park plans one more hotel in Bangalore
THE Park, a member of the Apeejay Surendra Hotels, plans to develop one more property in Bangalore. Several leading international and Indian luxury hotels brands such as Marriot and Oberoi are also targeting Bangalore for expansion. Mr ...
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ALLIANCES & JOINT VENTURES
Escorts Auto scouting for foreign partner
ESCORTS Auto Components Ltd (EACL), the erstwhile subsidiary of Escorts Ltd, which was acquired by eight employees in June this year, is in talks to offload stake to a foreign partner. According to Mr Bharat Caprihan, CEO, EACL, the company is ...
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OUTLOOK
CUMI eyes China, Dubai for growth
CARBORUNDUM Universal Ltd (CUMI), the flagship company of the Murugappa group, has identified China and the West Asia as two major areas from where the company's future growth is likely to come. "We are looking at China and Dubai. We will be ...
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TRENDS
Rise in number of cos registered in Sept
SEPTEMBER 2004 saw a rise in number of companies registered in India under the Companies Act, 1956. During the month 3,514 companies were registered as against 2,563 registered during the corresponding month of the previous year and 3,185 ...
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