CORPORATE
ANNOUNCEMENTS
ONGC to ink coal gassification pact with Russian institute
ONGC will enter into an agreement with the Stochinsky Institute of Russia for underground coal gassification (UCG) next week. The institute will provide technological solutions for the project scheduled to be commissioned in the coal belts of ...
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Perfetti aims at larger slice of confectionery market — New sugar-free gum offering to hit shelves
CONFECTIONERY major Perfetti Van Melle is gearing up for a larger slice of the Rs 1,600-crore domestic confectionery market and is putting in plans to expand capacities at its Mannesar and Chennai plants. The company is also simultaneously ...
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GSPC caps first well at KG basin
THE Rs 1,000-crore Gujarat State Petroleum Corporation Ltd (GSPC) has capped off and abandoned its first well at the Krishna Godavari basin.. The GSPL has termed the 2,620-metre deep well, more in the wild cat exploratory nature, a "moderate ...
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GETIT adds new dimension to Yellow Pages listing
GETIT Infomediary Ltd (GIL), a prominent publisher of the Yellow Pages in India, has sought to add a new dimension to Yellow Pages by providing for a third party verification and certification facility for the listed customers. While there is ...
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Tata Steel's Duburi plant V-P
Super Spinning Mills' new ED
MERGERS & ACQUISITIONS
Karuturi plans to take over Aussie flower auction co
CUT flower exporter Karuturi Floritech, which also runs a private flower auction in India, is in talks to take over the Brisbane-based Christensen Flower Auction, the company said in a press release on Friday. Karuturi, which recently declared ...
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ITC resolution passed
CORPORATE GOVERNANCE
Company secy's posting, removal should have board's nod: ICSI
THE Institute of Company Secretaries of India (ICSI) has suggested to the Government that the appointment and removal of a company secretary in employment should be only through a resolution passed by the board of directors. This would ensure ...
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OUTLOOK
Amara Raja Batteries mulls multi-facility production
AMARA Raja Batteries Ltd (ARBL) is weighing the advantages of a multi-facility production model so as to be closer to the customer. While stressing the benefits it has been able to generate so far by operating from a single facility in ...
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SBL aims at Rs 400-cr revenue, to expand into developed markets
HOMEOPATHIC medicine manufacturer SBL Ltd has chalked out expansion plans that include foraying into developed markets and promoting personal care products. The company targets revenues of Rs 400 crore by 2010, up from the present Rs 35 ...
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US cos see potential in Indian defence, IT sectors
BUSINESS houses in the US see significant opportunities in India's defence and information technology sectors, says the Bureau of Industry and Security of the Department of Commerce. In a press release at the end of the fourth meeting of the ...
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Jaipuria group may enter packaged milk market — Plans Rs 50-cr investment
AFTER plans to bring Britain's largest coffee chain to the country, the Rs 1,500-crore Jaipuria group appears to be eyeing the packaged milk market. The group company Universal Dairy Products Pvt Ltd, which has a technical tie-up with the ...
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