CORPORATE
ANNOUNCEMENTS
PepsiCo India announces 3 projects in AP
Hyderabad, Feb. 14 PepsiCo India has announced a series of initiatives in Andhra Pradesh. These include inauguration of a ‘Waste to Wealth’ project, a Livelihood Resource Centre (LRC) and financial support to a water management ...
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Jubilant Energy finds oil & gas in Cauvery
New Delhi, Feb. 14 Jubilant Energy, part of the Jubilant Group, on Thursday announced an oil and gas discovery in a Cauvery basin block off the Tamil Nadu coast. According to a statement issued by the company, the discovery was made in Block ...
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NEW BUSINESS
BHEL bags Rs 200-cr ONGC order
Bharat Heavy Electricals Ltd (BHEL) on Thursday announced it has bagged a Rs 200-crore order from Oil and Natural Gas Corporation (ONGC) for supply of spare and accessories used in oil exploration. The order is the single largest, long-term ...
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Punj Lloyd bags Singapore deal
Engineering and construction firm Punj Lloyd Ltd on Thursday said it has bagged a Rs 1,119.2-crore construction order from Singapore-based Marina Bay Sands Pte Ltd. Punj Lloyd’s wholly owned subsidiary company Sembawang Engineers and ...
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L&T secures Rs 311-cr Qatar order
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MERGERS & ACQUISITIONS
EID Parry buys 51% stake in Phytoremedies
Chennai, Feb. 14 EID Parry, the Murugappa Group company, has acquired a 51 per cent stake in Phytoremedies Biolabs Pvt Ltd, a Pune-based company manufacturing nutraceuticals – nutrition supplements, according to information provided by ...
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Renaissance Jewellery buys JBR Inc for Rs 160 crore
Stands to gain access to the US co’s clients, including JC Penny, Sears
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Tomkins buys controlling stake in Rolastar
Bangalore, Feb. 14 The UK-based engineering and machinery group Tomkins PLC said on Thursday it has acquired a controlling stake in Rolastar Private Ltd for an undisclosed amount. Tomkins has bought stake in the company jointly owned by ...
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Blue Star completes Naseer Electricals buy
Blue Star has completed the acquisition of Bangalore-based Naseer Electricals, an electrical contracting firm, as a going concern for up to Rs 42 crore.Announcing the acquisition, Blue Star Vice-Chairman and Managing Director, Mr Suneel ...
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NEW PROJECTS
NTPC to invest $40 b over next 5 years
Plans to beef up presence in newly diversified areas
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Shree Cement plans Rs 2,000-cr unit in MP
Mumbai, Feb. 14 Close on the heels of acquiring mining rights for limestone in Madhya Pradesh, Shree Cement has chalked out a Rs 2,000-crore plan to set up a cement plant of 2 million tonne per annum.“The new unit will have an ...
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OVERSEAS INVESTMENTS
i-flex to consolidate presence overseas
Merger with Oracle has helped expand business
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Pak cos keen to set up centres here
Mumbai, Feb. 14 Pakistan-based IT companies are making a beeline to set up shop in India. Interestingly, this move has been prompted by customers who are wary of the country’s image and political scenario in Pakistan, according to Ms ...
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REGULATORY BODIES & RULINGS
Safe to use Botox for cosmetic, therapeutic purposes: Allergan India
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ALLIANCES & JOINT VENTURES
Tatas, Boeing to float joint venture for aerospace parts in India
Mumbai, Feb. 14 The Tata group and the US aircraft major Boeing are forming a joint venture company for making defence-related aerospace components in India. The components are for exports to Boeing and its international customers. The ...
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DIVERSIFICATION
PFC to enter financial advisory services
To hold a 30% stake in SPV; rest to be held by power sector giants
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OUTLOOK
Tecumseh to enhance presence in India
Bangalore, Feb. 14 The US-based Tecumseh Products Company, providers of cooling solutions (compressors) to air conditioners and refrigerators, plans to boost its presence in the Indian market.Plans include launching high-end energy ...
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Canon to focus on Kerala’s digital printing segment
Launches latest press installation; targets Rs 20 cr biz
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PERFORMANCE
Alto crosses million mark
Maruti Suzuki on Thursday said that its popular hatchback car Alto crossed the one millionth mark. This makes it Maruti’s third car to have reached the milestone after its flagship models Maruti 800 and Omni. Since the Alto was launched in ...
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