CORPORATE
COURTS/LEGAL ISSUES
Non-payment of excise duty: Notice should precede levy of penalty, rules HC
An order by Superintendent of Central Excise, Ambasamudram, imposing a penalty of Rs 1.76 lakh on a Tirunelveli-based exporter for alleged non-payment of duty, was set aside by the Madurai Bench of Madras High Court. The Court, while ...
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RESTRUCTURING
IMPACT
Madhucon – de-risking through subsidiary
Company to transfer BOT projects to subsidiary
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MERGERS & ACQUISITIONS
Vivimed buys UK co for $21.15 m
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NEW PROJECTS
GMDC emerges Gujarat’s power manager
To set up three plants to generate 4,500 MW, invest around Rs 20,000 cr
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OVERSEAS INVESTMENTS
Pyramid Saimira close to acquiring UK theatre chain company
Deal size estimated at $100 million
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Mahindra Lifespace SEZ in Lanka
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ALLIANCES & JOINT VENTURES
Thermax, B&W PGG sign pact for utility boilers
Pune, Feb. 12 Thermax Ltd and Babcock & Wilcox Power Generation Group Inc (B&W PGG), USA, have signed a technical transfer licence agreement that grants Thermax the right to engineer, manufacture and sell sub-critical B&W Radiant ...
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M&M, BAE Systems to develop mine-proof vehicle
Mumbai, Feb. 12 Mahindra Defence, a special arm of Mahindra and Mahindra, is in talks with the London-based global defence and aerospace company BAE Systems to form a joint venture to make mine protected vehicles.In a notice to stock ...
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ENN launches digital signage in tie-up with Helius Inc
Kolkata, Feb. 12 Elevator News Network (ENN), in association with Helius Inc of Canada (a global player in business-class data broadcasting), on Tuesday launched digital signage services in Kolkata. The service (to be introduced in ...
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PVR ties up with Thai entertainment company
New Delhi, Feb. 12 Multiplex chain PVR will be setting up bowling alleys, karaoke centres and ice-skating rinks in partnership with Thai lifestyle and entertainment company Major Cineplex Group. The chain hopes to bring lifestyle ...
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SOCIETY & DEVELOPMENT
‘Business houses should take social responsibility beyond profits’
Corporate governance and responsibility have key role: Pratibha Patil
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OUTLOOK
Hindujas firming up power project plans
New Delhi, Feb. 12 After a hiatus of nearly two decades, the Hinduja Group is planning a second innings in the country’s power sector. The group is currently firming up plans for setting up mega power projects across multiple locations, ...
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Whyte & Mackay’s huge Scotch stocks help tide over shortage
Prices up on supply constraint, high raw material costs
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