ANNOUNCEMENTS
Pearl Organics bags global contracts worth Rs 14 cr
PEARL Organics has bagged two export orders from the US and Europe marketsworth Rs 14 crore. In the US, the order has been placed by Tor Pharma, a player in the US finished dosage drugs market that competes directly with Ranbaxy and Bristol ... More

CORPORATE DISPUTES
DoT to penalise Reliance if found violating norms
THE Department of Telecommunications (DoT) on Tuesday said that it would penalise Reliance Infocomm if it is found that the company has violated licence norms in the manner in which it was routing international long distance calls. Senior ... More

Karnataka HC suspends CLB order on BPL Comm
THE Karnataka High Court on Tuesday suspended the Company Law Board's September 29 interim order on BPL Communications subject to the condition that the Board should decide whether it can entertain the dispute between the petitioners and the ... More

Summons issued to Lodha, others in Birla case
MD. Mumtaz Khan, Chief Judicial Magistrate of South 24 Parganas, Alipore, today issued summons against Mr R.S. Lodha, Mr S.N. Prasad, Mr V. Gouri Shankar and Mr S.K. Daga, all members of the M.P. Birla Trustee Board, following a petition filed ... More

MERGERS & ACQUISITIONS
GM's Daewoo unit buy plan may hit Govt roadblock
THE proposed sell-off of Daewoo Motors' Surajpur assembly unit to General Motors may run into trouble, with the erstwhile company's liabilities to the Government becoming a roadblock to the deal. According to sources, the Government is keen to ... More

Actis makes open offer for Swaraj Mazda
ACTIS Capital LLP, a UK-based buyout firm, on Tuesday said that two of its units are making an open offer to acquire 25 per cent additional stake in Swaraj Mazda Ltd (SML). The two units - CDC Agribusiness Management Ltd and South Asia ... More

NEW PROJECTS
NPCIL identifies new sites for nuke plants
ABOUT six sites have been identified for the Nuclear Power Corporation of India (NPCIL) to establish power plants in the country. In a press meet here, the NPCIL Chairman and Managing Director, Mr S.K. Jain, disclosed that a report has already ... More

West Coast Paper, RNPL plan capacity expansion
The Bangur group has envisaged a total investment of about Rs 600 crore for the expansion. More

ALLIANCES & JOINT VENTURES
Met coke supplies — SAIL signs agreement with Durgapur Projects
IN view of the rising steel production and growing demand of metallurgical coke, Steel Authority of India Ltd has entered into an arrangement with Durgapur Projects Ltd (DPL). As per the agreement, Durgapur Steel Plant (DSP), a division of ... More

INTERVIEW
`We're betting on high margin products'
MARICO Industries Ltd has worked backward from the consumer propelling it on a growth path, according to Mr Milind Sarwate, Chief Financial Officer of the company. This has helped the company to sustain growth over a long period and has enabled ... More

ECONOMIC OFFENCES
Serious Fraud Office probe — Irregularities detected in Vatsa Corporation
THE Serious Fraud Investigation Office (SFIO), under the Ministry of Company Affairs, has recently submitted a report on the second major probe undertaken by it on the Mumbai-based Vatsa Corporation Ltd (VCL). Early this year, the SFIO had ... More

TRENDS
Corporates look to gyms for `flab' shedding
CORPORATES are looking to farm out their employee fitness programme. Reliance Infocomm has taken the lead by tying up with Gold's Gym, the largest Gym chain in the world. Gold's Gym sees opportunity and merit in entering into corporate gym ... More