CORPORATE
ANNOUNCEMENTS
Tata’s Sumo Grande sales begin
Tata Motors on Thursday announced the commencement of sales of its latest passenger vehicle offering, the Sumo Grande, in the domestic market. Sumo Grande, unveiled at the Auto Expo in January this year, will be commercially available from ...
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DaimlerChrysler India is now Mercedes-Benz India
Pune, Feb. 21 DaimlerChrysler India on Tuesday announced that it has received formal approval from the Registrar of Companies to change its name to Mercedes-Benz India Pvt Ltd. This is in line with its global policy following the disposal of ...
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Webel-Sl cancels Singapore buyout plan
Webel-Sl Energy Systems Ltd has rescinded the resolution passed in the board meeting held on January 31, 2008 to acquire 100 per cent shares of the Singapore joint venture Company Micro Power Trading Co. Pte Ltd. – Our Bureau ...
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OVERSEAS BORROWINGS
Trading volume doubles for Indian GDRs at London Stock Exchange platform
‘More Indian companies coming to the LSE this year’
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NEW BUSINESS
L&T gets Cairn engg services contract for pipeline project
Mumbai, Feb. 21 Larsen and Toubro Ltd has been awarded an engineering, procurement and construction (EPC) services contract by Cairn India for crude oil insulated pipeline and gas pipeline from Barmer (Rajasthan) to Salaya ...
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Alstom India bags export orders worth Rs 592 cr
New Delhi, Feb 21 Alstom Projects India Ltd (APIL), a subsidiary of the French engineering major Alstom SA, on Thursday announced it has bagged two export orders cumulatively worth Rs 592 crore. The company has secured a Rs 350-crore ...
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Simplex gets Rs 302-cr orders
Simplex Infrastructures Ltd said it had bagged orders worth Rs 302 crore for the construction of six flyovers on Seeb Corniche Road in Muscat. The project is to be completed in 24 months. Mr Rajiv Mundhra, Director, Simplex Infrastructures Ltd, ...
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COURTS/LEGAL ISSUES
HC restrains Dabur on Glucose D
Justice Mr Sanjib Banerjee of the Calcutta High Court, by an order on Thursday, directed Dabur India Ltd not to use the ‘Glucose D’ mark in its products for sale in the market. Heinz India Ltd had filed an application stating that ...
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CORPORATE BONDS
Dolphin Medical share warrants
Dolphin Medical Services Ltd has allotted 32,25,000 convertible share warrants of Rs 10 each, which will be converted into the same number of equity shares of Rs 10 each within a period of 18 months. – Our ...
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RESTRUCTURING
HCC incorporates SPV as arm
Hindustan Construction Company Ltd has said that the company has incorporated a special purpose vehicle (SPV) company – HCC Infrastructure Ltd – as a wholly owned subsidiary of the company. A senior company official said it was for ...
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Madhucon to transfer BOT projects to arm
Madhucon Projects Ltd is planning to transfer its major infrastructure projects to Madhucon Infra Ltd, which shall be a holding company for its build operate and transfer (BOT) toll roads, power projects and coal mines. The Hyderabad-based ...
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NEW PROJECTS
Hydro S&S to supply plastic compounds to Nano
Setting up Rs 12-cr plant in Singur
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ALLIANCES & JOINT VENTURES
Jet Airways, Air Canada in code share pact
Mumbai: Jet Airways announced its code share partnership with Air Canada on Wednesday to be effective from February 28. According to a statement, with this partnership, passengers can fly between Mumbai and London ...
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Veolia Water ties up with Doshion
Veolia Water Solutions & Technologies, a European company in the business of water treatment, has announced a joint venture with an Ahmedabad-based water management company, Doshion Ltd. The new venture, Doshion Veolia Water ...
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IOC to distribute Idea products
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INTERVIEW
‘We have a $20-m R&D budget for pure drug discovery’
No plans for hiving off R&D unit into separate entity
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WORK LIFE
‘Indian cos have flexible policies to encourage work-life balance’
TEAMLEASE SURVEY
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VENTURE CAPITAL
Aptara Intl to expand Indian operations
Owing to the increase in demand from corporates, Aptara International Ltd, a US-based publishing technology company, plans to expand its operations in India. For this, it intends to raise PE/VC funds and also come out with an IPO.The ...
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DIVERSIFICATION
Bharat Forge setting up steel plant in Bengal
Signs pact with State Govt for Rs 6,500-cr investment
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OUTLOOK
Caparo to make Tata Nano body
Deal also includes building, assembling about 60% of the car
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Avesthagen launches 7 botanical bioactives
May come out with IPO by year-end
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