CORPORATE
RESEARCH & DEVELOPMENT
Suven to showcase preclinical data
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ANNOUNCEMENTS
Maruti won’t drive Rs 1-lakh car
This range is not for us: Khattar; Grand Vitara launched at Rs 13.8 lakh
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Suzlon extends PPM Energy deal
Suzlon Wind Energy Corporation, the US-based subsidiary of Suzlon Energy A/S of Denmark , has extended its contract with PPM Energy to add 300 MW of wind turbine capacity. According to an official release, the original agreement was for delivery ...
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PREFERENTIAL ALLOTMENTS
Exim Bank investing in SEL Manufacturing
Mumbai, July 5 Exim Bank has made an equity investment of Rs 4.94 crore in SEL Manufacturing Company Ltd, an integrated textile company. SEL is planning to tap the capital market in the third week of July with an initial public offering ...
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CORPORATE DISPUTES
Reliance says Anil Ambani co seeking gas for ‘trading in’
Without commitment from RIL, how can Dadri project go ahead, asks RNRL
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OVERSEAS BORROWINGS
Pyramid Saimira issues $90 m FCCB
Pyramid Saimira Theatre Ltd has announced that it has issued $90 million (Rs 369 crore) of foreign currency convertible bonds. The proceeds of the issue shall be used for potential strategic acquisitions outside India (permitted by the RBI and ...
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CREDIT RATING
Shefexil inks pact with Dun & Bradstreet India
To offer credit rating services to registered members
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HUMAN RESOURCES
A ‘360-degree’ look to stem biotech attrition
HOLISTIC APPROACH
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SHL India plans office in South
SHL India, part of the UK-based multinational SHL Group that offers objective assessment tests based on psychometrics, plans to set up an office in Chennai or Bangalore to cater to demand from South Indian corporates, according to Mr Y.V.L. ...
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RESTRUCTURING
Bajaj rejigs auto business
Mumbai, July 5 Bajaj Auto Ltd (BAL) has announced the organisational revamp of its auto business into five strategic units. The restructuring comes more than a month after the patriarch of the Bajaj Group, Mr Rahul Bajaj, announced the ...
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MERGERS & ACQUISITIONS
M&M raises stake in Punjab Tractors to 64.6%
Mumbai, July 5 Mahindra and Mahindra Ltd has increased its stake in Punjab Tractors to 64.6 per cent following the completion of an open offer to acquire an additional 20 per cent in the company.M&M acquired 12,151,140 shares of ...
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Indus Fila acquires 51% stake in Indus Garments
Bangalore, July 5 Bangalore-based Indus Fila Ltd has acquired a 51 per cent stake in another Indus Garments (India) Pvt Ltd for a consideration of Rs 9.35 crore. Indus Garments is also a Bangalore-based company.Mr Vivek Kumar, Managing ...
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OVERSEAS INVESTMENTS
Café Coffee Day plans 50 outlets in Pak, Austria
Cafes in tier-II, -III cities part of India expansion drive
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ALLIANCES & JOINT VENTURES
Granules ties up with US co
Hyderabad, July 5 Granules India Ltd (GIL) and US-based Heritage Pharmaceuticals Inc announced a strategic alliance for the development, supply and marketing of generic pharmaceutical products for the US prescription drug market. Under ...
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Vietnamese PM felicitated
The Vietnamese Prime Minister, Mr Nguyen Tan Dung, visited Tata Steel here yesterday. He was felicitated by Mr B. Muthuraman, Managing Director of Tata Steel. The latter, according to a press release, said he thanked “everyone” in ...
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SOCIETY & DEVELOPMENT
Fashion wears conscience on its sleeve!
South-African designer Gavin Rajah is using his creations to raise funds and support for abused and HIV-infected kids.
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VENTURE CAPITAL
$200 m investment in DLF Assets
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OUTLOOK
Hyundai launches Santro CNG variant at Rs 3.25 l
Also plans to export 50,000 Santros to CIS, Russia, Taiwan
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L&T plans $1-b infra fund
To kick-start infrastructure projects in the country
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CD Pharma keen on licensing pact with big cos for probiotics
New Delhi, July 5 CD Pharma, the Indian subsidiary of the US-based VSL Pharmaceuticals, is in talks with a few leading health-oriented FMCG companies for a licensing arrangement that will bring probiotic snack food to the market. However, it ...
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L&T will invest Rs 2,000 cr in shipbuilding venture
Looking at coastline of Tamil Nadu, AP, Gujarat
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Biovel enters growth hormone zone
First Indian production is based on Dowpharma tech
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PEOPLE
Sharma formally takes over as ONGC Chairman
New Delhi, July 5 Mr R.S. Sharma has formally taken charge as regular Chairman and Managing Director, ONGC, pursuant to orders issued by the Government on Wednesday, putting an end to months of speculation on whether he will, or not, bag the ...
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