CORPORATE
RESEARCH & DEVELOPMENT
Suven Life showcases new chem entities
Hyderabad, Nov. 5 Suven Life Sciences Ltd is showcasing its research on some new chemical entities (NCEs) with applications in neuroscience at the annual meeting of the Society for Neuroscience (SFN) currently being held at San Diego, USA from ...
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NEW BUSINESS
Punj Lloyd unit bags $450 m Singapore contract
New Delhi, Nov. 5 Punj Lloyd Group on Monday announced it has bagged a contract worth $450 million (around Rs 1,770 crore) for engineering, procurement and construction work at a new mega aromatics plant in Singapore. The turnkey ...
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Jindal Drilling bags ONGC order
Jindal Drilling & Industries Ltd (JDIL), a DP Jindal Group company, has informed the BSE that the company was recently awarded a contract worth Rs 130 crore for three years on firm basis for charter hire of directional drilling equipment and ...
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Supreme Infra bags Rs 113-cr order
Supreme Infrastructure India Ltd has informed the BSE that the company has bagged new work order worth Rs 113.23 crore from the Thane municipal corporation for construction and strengthening of Nalla No. 1 (Part), 3W, 7,1,11, 12 and subnallas un ...
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HUMAN RESOURCES
Stress on team work, paradigm shift
Visakhapatnam, Nov. 5 Team work and paradigm shifts are two key elements for the success of individuals, organisations and corporates and they have to be consciously cultivated and pursued, said Dr Akun Sabharwal, Superintendent of Police, ...
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CORPORATE BONDS
Crude shock forces IndianOil to increase borrowings
Raises Rs 1,000 cr through non-convertible debentures
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Deccan Gold: Sun Mining opts out of warrant conversion
Kolkata, Nov. 5 Sun Mining and Exploration Ltd, a Cyprus-located investment vehicle of Delhi-based private equity player Sun group, has not opted for conversion of warrants into equity shares in Deccan Gold. It was issued 1,10,77,027 ...
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NEW PROJECTS
Adhunik Metaliks expansion by March
The expansion project of Adhunik Metaliks Ltd’s integrated steel plant located at Kuarmunda near Rourkela, Orissa, is expected to be complete by March 2008. Being implemented at a cost of Rs 440 crore, the project envisages an ...
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OVERSEAS INVESTMENTS
Praj Ind commissions UK company’s bioethanol plant
Praj Industries, biofuels technology company, has recently commissioned UK’s first bioethanol plant for British Sugar at Wissington, Norfolk. The plant would produce 70 million litres fuel grade ethanol from beet sugar syrup. ...
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TRADE & LABOUR UNIONS
Workers allowed entry into Bajaj’s Akurdi plant
Workers at Bajaj Auto Ltd’s Akurdi plant, who were directed to stay at home and get their wages for the last couple of months, will be permitted entry inside the company premises beginning November 7. There is no clarity, however, on ...
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ALLIANCES & JOINT VENTURES
Deccan forms consortium to bid for airport projects
Nitin Raheja group, IDFC, GVK are the other partners
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L&T, Mitsubishi Heavy in venture to make turbines
Outlay at Rs 880 cr; operations may begin in 2008-09
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Kerala-based company plans bio-diesel from municipal waste
Mumbai, Nov. 5 The Kerala-based Upasco Ltd, jointly with Lotus Corporation of Malaysia, plans to set up bio-diesel plants using municipal wastes as feedstock in several Indian cities. The company has already received a contract from Biwandi ...
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Advinus reaches first goal for Merck
Bangalore, Nov. 5 Drug discovery services company Advinus Therapeutics Ltd has announced that it has reached the first milestone of its collaboration with Merck & co, Inc.The companies have been working together since November 2006 ...
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Bajaj, KTM Power to jointly build bikes
European sports motorcycle manufacturer KTM Power Sports AG and Bajaj Auto Ltd, manufacturer of two and three-wheelers, have announced a wide ranging co-operation. According to an official release from BAL, the KTM Group would provide the ...
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Gateway District Park to manage Pace CFS at Aroor
Kochi, Nov. 5 Gateway District Parks (Kerala) Ltd, a joint venture company between Gateway District Parks Ltd and Chakiat Agencies, have announced the commencement of an Operation and Management – JV Agreement with Pace CFS Pvt Ltd with ...
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G.E.T Engg to sell Somar’s ‘Powerboss’
Chennai, Nov. 5 G.E.T Engineering, a Chennai-based power engineering construction company, has tied up with UK-based Somar Technology to distribute Somar’s ‘Powerboss’ range of energy saving motor control products in India. ...
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Aruna Hotels tie-up with Fortune Park
The Chennai-based Aruna Hotels is to enter into an agreement with Fortune Park Hotels Ltd for managing Aruna Hotels. According to information provided by Aruna Hotels to the stock exchange, its board has approved a proposal to enter into an ...
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L&T may be well placed to capture new orders
Keen on providing one-stop solutions
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SOCIETY & DEVELOPMENT
‘Bridging the gap’ — the CII way
Preparing underprivileged students for corporate job markets
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DIVERSIFICATION
Hero Ultra test driving hybrid 3-wheeler range
Hero Ultra, part of the diversified Rs 12,000-crore Hero Cycles Ltd, on Monday announced the launch of a range of electric powered two-wheeler bikes here and hinted at test driving dual-fuel, hybrid three-wheeler range.A joint venture ...
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OUTLOOK
Hyundai mulls launch of i30 in India
Working on a new model positioned between Verna and Sonata
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PERFORMANCE
Ashok Leyland domestic sales dip
Ashok Leyland has reported domestic sales of 6,280 vehicles for October, lower by 512 vehicles compared with the domestic sales in October 2006. However, exports for the month were up 90 vehicles at 547 compared to October last year, according to ...
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