COMPANY LAW
Ministry's Concept Paper: Cos prefer more autonomy
WHILE welcoming the consultative approach adopted by the Government for framing company-related legislation, experts would prefer further improvement in the Concept Paper that has been circulated on a revamped company law by the Ministry of ... More

AWARDS & HONOURS
Energy awards presented
DR Reddy's Laboratories, ITW Signode and Shantha Biotech have bagged the CII-Sohrabji Green Business Centre's award for energy management. Mr Anil Kumar Epur, former Chairman of CII (Southern Region) presented the `Awards for Energy Efficiency' ... More

FINANCIAL PERFORMANCE

MERGERS & ACQUISITIONS
Tatas make Rs 1,313-cr bid for Singapore's NatSteel
TATA Steel today pole-vaulted into the global steel manufacturing arena with the acquisition of the steel businesses of NatSteel Ltd for S$486.4 million or Rs 1,313 crore. The company said that it has signed the definitive agreements with ... More

Double benefit for Tata Steel
TATA Steel's agreement to acquire the steel businesses of the Singapore-based NatSteel is aimed at putting its globalisation initiative in motion. If this acquisition goes through over the next 5-6 months, Tata Steel will stand to gain in two ... More

Attempt to tap long steel product market
THE developing world's appetite for long steel products is probably what Tata Steel seeks to capture with its acquisition of the steel business of NatSteel, industry representatives and equity analysts say. In acquiring NatSteel's steel ... More

Wipro eyes acquisitions to grow FMCG business
WIPRO is looking at acquisitions as one of the ways to grow its FMCG business. Having completed the acquisition of the soap brand Chandrika in June this year, Wipro Consumer Care and Lighting (a business unit of Wipro Ltd) is keen to expand its ... More

NEW PROJECTS
SAIL to launch expansion plan with B2B meet in Sept
STEEL Authority of India Ltd (SAIL) will kick off its ambitious Rs 25,000-crore expansion programme with a B2B meet in Delhi on September 10, where all leading global steel consultants and contractors have invited to make ... More

Dabur, Bengal Govt in talks for cancer drug facility
DABUR Pharma is in an advanced stage of negotiation with the West Bengal Government for setting up an anti-cancer drug manufacturing facility in the State. The Rs 220-crore company has earmarked land at Mungpoo in the Darjeeling hills for ... More

ALLIANCES & JOINT VENTURES
Man Group, US co to jointly bid for Gujarat alumina project
MAN Group, promoters of Man Industries (India) Ltd, and AluChem of the US are coming together to form a joint venture for setting up a Rs 1,350-crore ($300 million) alumina refinery and specialty alumina chemicals project in the Kutch region of ... More

NPIL in deal with French co for paediatric drug
THE Mumbai-based Nicholas Piramal India Ltd (NPIL) has inked a product in-licensing agreement with France's Ethypharm for the technology to produce paracetamol flash tablets for children (or tablets that melt in the mouth). The agreement for ... More

INTERVIEW
`Rockwell keen on acquisitions in India'
THE $4.1-billion Rockwell Automation Inc is a leading industrial automation company specialising in manufacturer of power, control and information solutions. Mr Keith D. Nosbusch was appointed President and CEO of Rockwell Automation in ... More

DIVERSIFICATION
Delhi Metro to foray into telecom — Applies to DoT for infrasturcture provider-II licence
In a bid to cash in on the booming telecom market Delhi Metro has jumped into the fray to offer bandwidth infrastructure and has applied to the Department of Telecom (DoT) for an infrastructure provider category II licence. If it gets the ... More

OUTLOOK
Sundram Fasteners to expand capacity — To leverage Malaysian unit to tap Asean market
SUNDRAM Fasteners Ltd plans to expand capacities at its plants in Chennai, Madurai, Pondicherry and Hosur. It also plans to leverage its subsidiary company in Malaysia to tap the Asean (Association of South East Asian Nations) market. Mr Suresh ... More

`Indo-Thai FTA will not hit Pricol'
THE Free Trade Agreement (FTA) between India and Thailand, the first phase of which comes into effect from September 1 and which has created apprehension among a section of the corporate sector about cheaper imports flooding India, will have no ... More

Dredging Corp braces itself for competition
DREDGING Corporation of India, which has its headquarters here, has to compete with the MNCs in view of the changed dredging policy of the Government and therefore the employees have to put in greater efforts, Mr Neerav Kumar Gupta, Chairman and ... More