CORPORATE
ANNOUNCEMENTS
Conergy installs hybrid power systems in ONGC platforms
Bangalore, July 9 Conergy, the German global renewable energy major, has installed hybrid power systems in 83 oil platforms of the ONGC Ltd.The installation on ONGC’s oil platforms was done through Conergy’s subsidiary, Sun ...
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TVS back to normal production
New Delhi, July 9 Amidst high expectations from its newly launched bike variant, TVS Motors Company said that it expects production to resume at normal capacity. “We had cut production by 5,000 units for June and July. However, in ...
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CORPORATE DISPUTES
‘Standard norms needed to discover gas price’
Anil Ambani group says Reliance Ind method is non-transparent
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MERGERS & ACQUISITIONS
Dishman Pharma to buy Solvay unit
Transfer of ownership of Dutch co will be completed by year-end
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Ashok Piramal finds Men’s Club a good fit
Mumbai, July 9 The Ashok Piramal Group-owned Morarjee Textiles Ltd recently acquired 67 per cent controlling stake for an undisclosed sum in Men’s Club, an Italian brand of shirts. The Rs 213-crore company is scouting for another ...
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CWT gets majority stake in AFL
Mumbai, July 9 Carlson Wagonlit Travel announced the acquisition of additional 26 per cent stake in its Indian joint venture from AFL Private Ltd on Monday, a release said. The current stake would give CWT a majority control of the ...
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NEW PROJECTS
‘GVMC under pressure to give water to Jindals’
Opposition threatens to intensify agitation
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Aussie realty co opens 2nd office in Bangalore
Bangalore, July 9 Australian real estate company L.J. Hooker has opened its second office in the city. Announcing this, Mr Ramneek Bakshi, Principal, said the fact that there was no branded player offering such services in the residential ...
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REGULATORY BODIES & RULINGS
Wockhardt gets US nod for epileptic drug
Wockhardt Ltd has received approval from the US Food and Drug Administration to market Fosphenytoin injections containing 50 mg Phenytoin equivalents/ml. This injectible is used to treat complicated forms of epileptic seizures, where ...
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ALLIANCES & JOINT VENTURES
Hikal inks deal with US co for veterinary drug
Mumbai, July 9 Hikal Ltd has signed a mutually exclusive long-term agreement with Alpharma Inc, a US-based global specialty pharmaceutical company for the manufacture and supply of an Active Pharmaceutical Ingredient (API) for the veterinary ...
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DIVERSIFICATION
AP asks Xenitis to set up small car plant
Andhra Pradesh has asked the Rs 650-crore turnover Xenitis Group to prepare a wish list for setting up its proposed small car plant in the State. Xenitis, which is engaged in the manufacture of computer hardware and components, and ...
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DivyaSree plans hotels, serviced apartments
The Bangalore-based DivyaSree Developers plans to invest over Rs 900 crore to set up hotels and serviced apartments in Bangalore and Hyderabad over the next three years, according to Mr Santosh Martin, Chief Executive Officer, DivyaSree ...
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OUTLOOK
Small car before next AGM: Ratan Tata
Tata Motors to pump in Rs 12,000 cr in the next two years
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Wockhardt looking for insulin launch in US, Europe
Detailed market examination under way
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ONGC expects gas output from KG basin in 2012
Oil and Natural Gas Corp (ONGC) expects to start producing gas from its block in the Krishna-Godavari (KG) Basin in 2012. Mr R.S. Sharma, Chairman and Managing Director, ONGC, said, “We will finalise development plan for the gas finds in ...
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Hind Zinc chalks out Rs 1,500-cr investment
Sees production capacity to reach 6.71 lakh tonnes
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L&T eyes Rs 35,000-cr turnover by 2010
Hyderabad, July 9Larsen & Toubro (L&T), the engineering and infrastructure behemoth, has set its eyes on achieving a turnover of Rs 35,000 crore in the next three years.“We closed 2006-07 at Rs 21,000 crore. We are ...
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