CORPORATE
ANNOUNCEMENTS
IGL cuts CNG price by 30 paise
Indraprastha Gas Ltd, a joint venture of GAIL (India) Ltd, BPCL and the Delhi Government has announced a reduction in CNG selling price in the Capital. The new consumer price of Rs 18.90 per kg has been made effective from Tuesday. The revision ...
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PREFERENTIAL ALLOTMENTS
Ritesh Properties EGM nod for pref allotment
Ritesh Properties and Industries Ltd has said the members at the extra ordinary general meeting on February 27 accorded the Board to issue, offer and allot from time-to-time in one or more tranches through preferential allotment of 1,92,308 ...
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NEW BUSINESS
ITD Cementation bags Rs 112-cr order
Mumbai, March 4 ITD Cementation India Ltd was awarded a Rs 112-crore order for civil works for the iron ore port terminal at Ennore Port, Chennai, by SICAL Iron Ore Terminals Ltd. The order is scheduled for completion in 22 months. The scope ...
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AWARDS & HONOURS
Coca-Cola gets safety award for three units
Hyderabad, March 4 The National Safety Council has appreciated the Hindustan Coca-Cola Beverages for three of its units in Andhra Pradesh having achieved the highest global safety standards.The Ameenpur, Moula-Ali and Guntur units of ...
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Best eco-friendly hotel
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NEW PROJECTS
Phenix Varco Pruden to invest Rs 200 cr in two new plants
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Asipac unveils new business units
Asipac Projects Pvt Ltd, a real estate project marketing company, on Tuesday announced the launch of two new strategic business units offering investment banking/asset management and procurement services. Mr Amit Bagaria, Chairman, Asipac, said ...
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Malaysian co takes stake in MAK Group project
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Jotun Paints’ manufacturing unit to go on stream in April
Pune, March 4 Norwegian paint manufacturer Jotun Paints has set up its first manufacturing facility in India at Ranjangaon for wet paints and powder coatings.The plant that has involved an investment of Rs 100 crore, will become ...
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REGULATORY BODIES & RULINGS
Dabur to launch cancer drug in US
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ALLIANCES & JOINT VENTURES
Reliance Retail ties up with Pearle Europe
Chennai, March 4 Reliance Retail Ltd has announced the signing of a joint venture with Pearle Europe for the launch of a chain of optical stores in India. The chain will comprise independent stores, and stores within Reliance ...
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INTERVIEW
‘Power projects should be exempted from service tax’
Chennai, March 4 Given the growth being witnessed by the economy and the need for cheap and clean power across all segments to sustain such growth, it is imperative to revisit some of the ‘power’ issues, so that the consumer comes ...
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BUSINESS MODELS
Business model enables drivers to own Innova
Hyderabad, March 4 Mr Hamid, a 30-year-old driver, who used to work for a cab company, has began to drive a GPS-fitted Innova, which he is going to own in four years. He now gets 45 per cent of the income he generates everyday.Mr ...
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OUTLOOK
GM open to sub-1 litre engine for India
General Motors is open to manufacturing a 0.8-litre engine car to zoom in to the small car market in India. The company, which has been talking of a sub-one litre engine car, said that it could look at several segments within the small car to ...
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Reliance, ONGC may get ‘rig holiday’
Facing delays in drilling programme due to rig shortage
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Electrotherm plans Rs 100-cr investment in electric vehicles unit
e-bike YOSpeed unveiled; hopes to sell 1 lakh units next financial year
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PEOPLE
Mahindra group new appointments
Mahindra & Mahindra on Tuesday announced the appointment of Mr Rajan Wadhera as Executive Vice-President, Research and Development and Global Product Development, Automotive sector, and Dr Arun Jaura as Chief Technology Officer, Mahindra ...
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K. Ravi Kumar heads BHEL
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