CORPORATE
OVERSEAS BORROWINGS
Paramount raises $27 m through FCCBs
Paramount Communications Ltd has raised $27 million to meet expansion plans. "We are delighted by the confidence reposed in Paramount Communications by investors who appreciate the intrinsic strengths of the company. We plan to invest the raised ...
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NEW BUSINESS
Apollo goes for `Ambient Experience'
Another Philips' initiative is its `Ambient Experience' concept, which promotes patient-friendly settings for radiology units and operation theatres in hospitals, among others. From India, the Apollo group of hospitals has placed the first ...
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IVRCL bags Rs 608-cr orders
IVRCL Infrastructures & Projects Ltd has bagged orders worth Rs 608.10 crore in the power and basic amenities sectors from the Jharkhand and Gujarat Government's respectively. The major contract relates to Power Distribution Projects of the ...
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RESTRUCTURING
Media Video de-merges real estate unit
Consumer electronics company Media Video Ltd announced on Monday the de-merger of its real estate division into a new company — MVL Infrastructure Ltd. The 25-year-old Media Video had recently launched its real estate ...
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MERGERS & ACQUISITIONS
`If target is selling out completely, best price wins'
Normally, the target and the potential acquirer arrive at an initial understanding (verbal, or at times a non-binding term sheet, or letter of intent) of the principal terms of the proposed transaction says Mr Vijay Iyer, Partner, Deloitte Haskins &a mp; Sells, Mumbai, about the process of due diligence.
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CyberMedia acquires 49% stake in US content provider
CyberMedia has acquired a 49 per cent stake in American content service provider Publication Services Inc (PSI) through its wholly owned US subsidiary, CyberMedia India LLC. "We are excited about our partnership with PSI and, together, we can ...
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NEW PROJECTS
Singur: Buddhadeb ready for talks on rehabilitation
`Decision to hand-over land won't be revoked at any cost'
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Piling work at Vizag Steel Plant
Piling works in the wire rod mill-2 area began on Monday in the Visakhapatnam Steel Plant, as a part of the Rs 8,692-crore expansion plan. The capacity of the mill will be increased from the present three million tonnes to 6.3 ...
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Honda Siel may announce new plant location soon
Maharashtra, Uttaranchal, Rajasthan emerge as frontrunners
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Protests intensify
BEARING THE BRUNT: A Tata Motors showroom that was vandalised by Revolutionary Students Front (RSF) activists in Kolkata on Monday. The RSF also put up posters opposing acquisition of farmland for the Tata project at Singur, the police said. ...
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OVERSEAS INVESTMENTS
ICSA mulls Singapore arm
ICSA India Ltd has informed the BSE that a meeting of the board of directors of the company will be held on December 11 to consider incorporation of a company in Singapore, to be named ICSA International Pte Ltd. ...
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TRADE & LABOUR UNIONS
Toyota Kirloskar to revise wages every year
Toyota Kirloskar has decided not to follow the wage policy of its two other Japanese counterparts and will continue to revise wages of its workers every year. An official with the company told Business Line that the wages are linked with ...
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ALLIANCES & JOINT VENTURES
Fossil in 50:50 joint venture with Rajesh Exports
To manufacture, market brands in India
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INTERVIEW
`India has been doing modern trade facilitation for about a decade'
International trade gets a fillip when formal trade barriers come down. Thereafter, focus is `trade facilitation' issues, such as making it possible for companies to know about the import/ export regulations in other countries. Watchers of WTO ...
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DIVERSIFICATION
`Core competence crucial for diversification'
Diversification is a route many businesses take after achieving a certain amount of success in a particular field, but one which is fraught with peril, if the core competence is ignored, or lost sight of, in the process, according to Mr Neeraj ...
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OUTLOOK
Expansion of Vizag refinery: HPCL looks for partners
Expansion to be wrapped up by Aug 2010
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Philips plans to make medical equipment in India
Foray will include joint venture or acquisition of local cos
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India, Unilever's top emerging market
Company lost some of its aggression: CEO
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China's Chery eyeing Indian compact car market
In talks with North India-based group to launch compact model QQ
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NTPC plans power auctions from four new `merchant plants'
To consumers ready to shell out the highest tariffs for designated `power blocks'
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Ocimum Bio open to more acquisitions
Firming up plans to improve global presence
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Bullish on India
Mr Mohamed Rahman, Managing Direstor, Porsche India, at the opening of the Porsche centre in the Capital on Monday.
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