CORPORATE
ANNOUNCEMENTS
Suzuki Motor Corp to use India as export hub
No plans to up stake in Maruti, says Osamu Suzuki
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CORPORATE DISPUTES
HC fixes June 21 for hearing of appeal by Lodha
A Division Bench of the Calcutta High Court comprising Mr Justice P.C. Ghose and Mr Justice T.K. Dutt has fixed June 21 as final date of hearing of the appeal filed by Mr R.S. Lodha against the order of the Trial Judge, who appointed four ...
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OVERSEAS BORROWINGS
Nod for Vivimed $75-m global offer
Shareholders of Vivimed Labs Ltd at the extraordinary general meeting held on Monday have authorised the board to raise funds of up to $75 million through global offer. The company informed the stock exchanges on Wednesday that the board in ...
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AWARDS & HONOURS
HZL bags `Golden Peacock' award
Hindustan Zinc Ltd, a part of Vedanta Resources Plc and the country's largest integrated producer of zinc and lead, has announced that it was awarded the `Golden Peacock Environment Management Award - 2006' on Wednesday. The World ...
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HUMAN RESOURCES
India Inc most optimistic on hiring, says survey
Amid rising petrol prices and falling stock prices, Indian jobseekers have something to cheer about: corporate India is most optimistic about hiring intentions for the coming quarter. According to the Manpower Outlook Survey for the third ...
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MERGERS & ACQUISITIONS
Carborundum to take 49 pc stake in Chinese co
Carborundum Universal (CUMI) intends to acquire 49 per cent stake in Jingri Industrial Diamond Company, China, for a consideration of $4.9 million (Rs 20 crore). An agreement to this effect was signed between the Chennai-based Murugappa group ...
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NEW PROJECTS
Italcementi to invest Rs 800 cr
Italcementi, the fifth largest cement maker in the world, will invest Rs 800 crore over the next two years in various greenfield and acquisition projects, the company's Chief Executive Officer, Mr Carlo Pesenti, said. The Italian company has ...
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REGULATORY BODIES & RULINGS
Natural gas to RNRL: Details sought from RIL
RNRL says supply cost same as that to NTPC
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Wockhardt drug gets tentative nod
Wockhardt Ltd has received tentative approval from the United States Food and Drug Administration (USFDA) to sell anti-epileptic drug Divalproex Sodium delayed release tablets in the US. Divalproex Sodium is the generic version ...
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ALLIANCES & JOINT VENTURES
Ciba Specialty, Virchow Group to form joint venture
Ciba Specialty Chemicals (India) Ltd has entered into a joint venture with the Hyderabad-based Virchow Group for the production of Triclosan, an anti-microbial ingredient used in a variety of products, including cosmetics. Ciba Specialty will ...
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L&T inks jt venture agreement in Kuwait
Larsen and Toubro (L&T) has signed a joint venture agreement with a subsidiary of the Kuwait-based Bader Al Mulla group. The new venture will be known as `Larsen & Toubro Kuwait Construction WLL' and will be registered as a local company in
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OUTLOOK
S.P. Apparels chalks out Rs 150-cr capex plan
Knit fabric dyeing unit commissioned
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Regency Ceramics pins hopes on gas in K-G basin
Hit by shortages, high oil prices, the company plans to try alternative fuels temporarily
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Focus on local manpower in Assam Gas Cracker project
To expedite the Rs 5,460-crore Assam Gas Cracker Project (AGCP), officials from the Ministry of Chemicals and Petrochemicals, which is the nodal ministry coordinating the follow-up action, will soon meet Assam Government officials to finalise ...
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Pratibha Syntex to raise Rs 350 cr for expansion
Co plans to double customer base to around 40
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