CORPORATE
ANNOUNCEMENTS
Tata Motors to launch 30 new CV models
Mumbai, Dec. 21 Tata Motors said it will launch 30 new models in the commercial vehicle segment in the current financial year. “Any company introducing these many vehicles in a year is quite unheard of. We expect, in CV segment, 60 per ...
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DQ Entertainment raises $56 m through London Stock Exchange
To use funds for expansion, acquisition
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PREFERENTIAL ALLOTMENTS
Mudra investing Rs 300 crore in spandex project
Mumbai, Dec. 21 Mudra Lifestyle Ltd will set up a spandex elastomeric yarn project at an investment of Rs 300 crore. According to a company release, the plant will be set up as a subsidiary or division of the company and will come up in ...
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ESOPS
‘Indian arms of foreign cos need to pay FBT on stock options’
The Central Board of Direct Taxes has come out with a detailed explanatory circular on the issues arising out of levy of fringe benefit tax (FBT) on allotment or transfer of securities or sweat equity shares. The circular seeks to ...
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HUMAN RESOURCES
‘Jobs for family of deceased as per rules only’
Appointments on compassionate grounds were an exception to Articles 14 and 16 of the Constitution, and not a new source of recruitment, Madurai Bench of Madras High Court has held. The court could only enforce the rules, which were in ...
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Mantra of corporates: ‘Hire for attitude, train for skills’
Bangalore, Dec. 21 For a fresh MBA graduate, a job interview can be a nerve-wracking experience if he or she is not aware of the nuances of handling an interview. With the hiring process evolving over the years, it is pertinent for a ...
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MERGERS & ACQUISITIONS
Jaguar-Land Rover deal: Formal announcement awaited
Reports suggest very complex commercial discussions, selection process as reasons for the delay.
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Essel group’s Agrani buys India beam on ProtoStar-1
Satellite to be launched from French Guyana in May 2008
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NEW PROJECTS
Apollo to step up truck-bus radial tyre capacity
Apollo Tyres is planning to step up its truck-bus radial tyre capacity in the next fiscal. The company had set up its radial tyre facility for heavy commercial vehicles on pilot basis at Vadodara, using indigenous technology, in this fiscal. ...
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Rallis India plans to set up plants in Gujarat, Jammu
Investment at Rs 100-200 cr; launches insecticide brand
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Jindal Steel begins new unit
Jindal Steel and Power Ltd (JSPL) has announced that it has commissioned the RH Degasser in the Steel Melting Shop at their Raigarh plant for manufacturing of rail steel and other special grade products. A release from the company said that the ...
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ALLIANCES & JOINT VENTURES
ArcelorMittal looking for technology partner
To support back-end operations in emerging markets
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EVENTS
301 projects delayed, cost overrun put at Rs 48,961 cr
It was imperative that India “dreamt big” as China in terms of size and scale of operations.
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DIVERSIFICATION
L&T getting into power generation
Larsen and Toubro, which is making a major foray into the power sector, said it would generate 5,000 MW power over the next five years.The engineering and construction company has floated a new arm — L&T Power Development ...
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STANDARDS & BENCHMARKS
Maytas Properties gets 4 quality certificates
Maytas Properties, Hyderabad-based realty company, has said that it has become the first property development company in the world to get four international quality standards in one go.The global certifying authority TUV Nord, Germany, ...
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OUTLOOK
Larsen & Toubro: Blazing a trail in engineering capability
Mumbai, Dec. 21 They may have started out as a company importing cement machinery from Europe. Along the way they built up capability to fabricate some on their own. But today they are present a wide range of projects from constructing atomic ...
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KNR Constructions to enter market
Hyderabad, Dec. 21 KNR Constructions Ltd, an infrastructure project development company, will enter the capital market soon with an initial public offering of 78,74,570 equity shares of Rs 10 each for cash at a price to be decided through a ...
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More Ista brand hotels planned
The company has invested about Rs 200 crore in the 16-acre facility, the first starhotel to come up in the area, which is dotted by IT majorssuch as Microsoft, Wipro, Infosys and Polaris. In order toproduce quality manpower, the company would set ...
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