CORPORATE
RESEARCH & DEVELOPMENT
Novartis signs up with AP for IT cum R&D centre
The fourth largest global pharmaceutical company Novartis on Thursday has signed up with Andhra Pradesh to establish an IT-cum-R&D support centre near here. The $32.2-billion pharma major Novartis entered into a memorandum of understanding ...
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ANNOUNCEMENTS
Arcelor-Mittal sets up Indian arm for Orissa project
Taking a major step forward, Arcelor-Mittal has formed an Indian subsidiary, Mittal Steel India Ltd, to implement its 12-million-tonne-per-annum steel plant project in Orissa. This was revealed on Wednesday when top officials of the company ...
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Bajaj launches Pulsar in Indonesia
Bajaj Auto Ltd launched its first product in Indonesia, Bajaj Pulsar DTS-i (Digital Twin Spark Ignition), a 180-cc sport motorcycle on Thursday. The launch of Pulsar DTS-i marks the entry of BAL in Indonesia. According to an ...
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NEW BUSINESS
GE Water to set up desalination plant for Tata Chem unit
$6.5-m plant to come up in Gujarat
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Bhilwara Energy bags hydro projects
The recently christened Bhilwara Energy Ltd (BEL), part of LNJ Bhilwara Group, signed a Memorandum of Agreement with the Government of Arunachal Pradesh (GoAP) for Development of three hydropower projects of a total capacity of ...
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AWARDS & HONOURS
BEL bags D&B award
Bharat Electronics Ltd has been presented the Dun & Bradstreet India Corporate Award 2006. The defence PSU was ranked at the top of domestic electrical and electronic equipment companies for the year, a BEL release said. The ...
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GVK Ind bags award
GVK Industries Ltd has announced that it has bagged the Asia-Pacific Electricity Award 2006 for its 235-MW Jegurupadu combined cycle power plant located in Andhra Pradesh, according to a statement from the company. This is the ...
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MERGERS & ACQUISITIONS
Merieux acquires Shantha Bio
Acquisition strengthens French co's presence in Asia
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NEW PROJECTS
Essar Oil to commission Vadinar refinery in 15 days
Refinery expected to go full-stream by April
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OVERSEAS INVESTMENTS
Fox group seeks FIPB nod for 100 pc subsidiary
Initial foreign direct investment will be $3,50,000
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ALLIANCES & JOINT VENTURES
M&M inks pact with Renault for greenfield car plant
To go on stream by 2009; initial production pegged at three lakh cars a year
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Nissan too may use facility; Suzuki plan off
Nissan is also likely to use the new manufacturing facility for producing its cars for the Indian market. Speaking on the possibility of stepping up the greenfield plant's capacity to locally produced Nissan cars for India, Mr Carlos Ghosn said ...
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Rolls-Royce signs MoU with HAL
Rolls-Royce has signed a memorandum of understanding (MoU) with Hindustan Aeronautics Ltd (HAL) to pursue collaboration on engine component design and manufacturing in India. A release issued by Rolls-Royce said the MoU could potentially ...
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EVENTS
NHPC celebrates 32nd Raising Day
It is the Prime Minister's dream to provide power to all villages by 2009 and power to all by 2012 under the Rajiv Gandhi Gramin Vidyutikaran Yojana, said Mr S.K. Garg, CMD, NHPC, during NHPC's 32nd Raising Day celebrations. ...
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RIGHTS ISSUE
Gujarat NRE plans rights issue
For oil and gas exploration in Canning Basin, Western Australia
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OUTLOOK
TVS Motor to come back with new products in bike segment
Working on a motorcycle for `middle segment'
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NFCL chief seeks decontrol to strengthen fertiliser industry
`Company focussing on consolidation, not expansion'
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Dunlop holds out hope on restarting Ambattur unit
`High power cost issue needs to be sorted out'
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