CORPORATE
ANNOUNCEMENTS
Usha Martin turns to captive sources for ‘cost competitiveness’
Sourcing of 100 per cent of its iron ore and coal requirements from captive sources will translate into “cost competitiveness” to the tune of Rs 120 crore for Usha Martin Ltd. This, in turn, will ensure that the company’s ...
More
CORPORATE DISPUTES
Ranbaxy, GSK settle Valtrex patent row
Pact allows Indian co to launch generic in US in 2009
More
OVERSEAS BORROWINGS
Gayatri Projects to raise $30 m
Gayatri Projects Ltd will raise $30 million through various instruments from the domestic and foreign markets. An extraordinary general meeting (EGM) of the company held on Wednesday had given the approval to the board, according to a ...
More
Kotak Mahindra, KBC tie up
Kotak Mahindra Group and KBC Financial Services (KBC FP) have entered into a co-operation agreement to manage foreign currency convertible bonds (FCCBs) issuance for Indian corporates. Kotak Mahindra and KBC FP will assist Indian corporates to ...
More
NEW BUSINESS
BHEL bags Rs 431-cr IOC order
Bharat Heavy Electricals Ltd has announced that it has bagged a Rs 431-crore contract from IndianOil Corporation (IOC) for setting up a co-generation power plant at its Gujarat Refinery Complex. Under the engineering, procurement and ...
More
NCCL bags Rs 285-cr project
Nagarjuna Construction Company Ltd (NCCL) secured a civil construction contract valued at Rs 285 crore comprising design, engineering, construction, and development of a road project from Puducherry to Tindivanam Section on National Highway 66 ...
More
RESTRUCTURING
GSK Pharma exits fine chemicals biz
Mumbai, July 26 After having decided to exit the animal health business in April last year, GlaxoSmithKline Pharmaceuticals Ltd (GSK Pharma) has decided to divest its other peripheral business of fine chemicals as well. GSK ...
More
MERGERS & ACQUISITIONS
Tata Motors seen as front runner for Ford’s Rover, Jaguar
Mumbai, July 26 While speculations continue to circulate in India about a possible sale of Land Rover and Jaguar to Tata Motors, Ford Motor Company, which announced its second quarter results on Thursday, maintained that no final decisions ...
More
Texmaco merging biz ventures
Kolkata, July 26 Texmaco Ltd, a heavy engineering company of the K K Birla stable, is consolidating some of its diversified business interests through mergers. The exercise will also strengthen its balance sheet and improve ...
More
IOC, IBP retail merger nearing completion
Kolkata, July 26 IndianOil will complete the merger of IBP’s petroleum retail business with itself beginning August 1. With this, the IBP division will be left with only explosive and cryogenic vessel manufacturing business. IOC is also ...
More
Avestha buys Renaissance Herbs
Bangalore, July 26 The biotech firm Avestha Gengraine Technologies has acquired a US dietary supplement company Renaissance Herbs Inc (RHI). The transaction is expected to be completed by this month-end. RHI is a fully-integrated ...
More
NEW PROJECTS
Lenovo plans $11-million plant in Himachal
Likely to start production in third quarter
More
KSEB mulls thermal plant in Orissa
After Centre’s nod to draw coal from Baitarani mines
More
Orissa project progressing faster: Mittal
Bhubaneswar, July 26 The Chief Executive of ArcelorMittal, Mr Lakshmi Nivas Mittal, on Thursday said his company’s proposed 12-million tonne per annum capacity steel plant project in Orissa was progressing fast.After holding a ...
More
OVERSEAS INVESTMENTS
Zydus Cadila eyes acquisitions in Mexico, S. Africa, CIS nations
Ahmedabad, July 26 After acquiring companies in Japan and Brazil this year in its quest to emerge among the top 10 global generic companies with sales of $1 billion by 2010, Cadila Healthcare Ltd (Zydus Cadila) is now eyeing acquisitions in ...
More
ALLIANCES & JOINT VENTURES
NTPC, ADB sign joint venture deal for green power foray
New Delhi, July 26 NTPC Ltd has signed a memorandum of understanding with the Manila-based Asian Development Bank (ADB) to set up a joint venture company for foraying into the renewable power generation. NTPC and other government ...
More
EVENTS
HPCL celebrating Golden Jubilee
The Visakha refinery of HPCL is celebrating Golden Jubilee this year, according to a press release issued by the company. At the inaugural programme of the Golden Jubilee year here, Mr Arun Balakrishnan, Chairman and Managing Director, unveiled ...
More
SOCIETY & DEVELOPMENT
Sunil Mittal donates Rs 4 cr
More
OUTLOOK
JK Paper plans Rs 700-cr expansion
New Delhi, July 26 JK Paper Ltd is in the process of finalising an expansion plan to increase capacity in maplitho and copier papers. The investments would be Rs 500-700 crore to be spread over the next three to four years, company Managing ...
More
Godrej eyes Rs 75-cr sales in current fiscal
Kochi, July 26 Godrej Appliances, one of the leading players in the home appliance industry, has set a sales target of Rs 75 crore from Kerala during the current financial year. Of this, Rs 40 crore will be generated from the Onam ...
More
Terex Vectra targets over 1,700 backhoe loader sales
Mangalore, July 26 Terex Vectra Equipment (P) Ltd — manufacturer of construction equipment — wants to sell more than 1,700 backhoe loaders in the country by the end of the current financial year, according to Mr Amit Sood, General ...
More
TRENDS
Companies reinforce investor relations departments
If the latest collection of balance sheets is any indication, corporate India is increasingly paying attention to investor relations, courtesy IROs whose roles are being fine-tuned like never before. Companies are strengthening their investor ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds