CORPORATE
ANNOUNCEMENTS
L&T wins Rs 750-cr NHAI BOT project
Larsen & Toubro Ltd has won a contract worth Rs 750 crore from National Highways Authority of India. This build-operate-transfer project is for six-laning of the National Highway-8 between Vadodara and Bharuch in Gujarat, said a news release ...
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ONGC board meet on June 26
The board of directors of Oil and Natural Gas Corporation Ltd will meet on June 26. According to the company, agenda for the meeting includes audited financial results for the last quarter and year ended March 31, 2006 along ...
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NPCIL plant to go commercial in July
Nuclear Power Corporation of India Ltd's (NPCIL) 540 MW plant, Unit-3 of Tarapore Atomic Power Project (TAPP-3) has been synchronised with the national grid. It is expected to be declared commercial in July 2006, six months ahead of ...
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ESOPS
On restructuring pay with a skew towards ESOPs
On June 5, Forbes (www.forbes.com) reported, `Yahoo's Semel to take home $1 a year in salary'. The story, written by Mr Chris Noon, called the 8 cents a month pay deal to Yahoo CEO Mr Terry Semel `a sheep in ...
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MERGERS & ACQUISITIONS
Nicholas Piramal set to buy Pfizer UK facility
Nicholas Piramal India Ltd (NPIL) is set to acquire Pfizer's manufacturing facility in the United Kingdom, a move that boosts NPIL's global presence in custom-manufacturing. It also makes NPIL the largest global contract manufacturer for ...
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Tata Chem eyes local acquisition
To launch advertising campaign in 10 regional languages across TV, radio and cinema.
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NEW PROJECTS
Minar International to set up processing plant in TN
The city-based Minar International Ltd (MIL), the largest merchant exporter in textiles made-up in the country, has decided to set up an integrated and modern processing plant at SIPCOT Industrial Growth Centre in Erode (Tamil Nadu) to meet the ...
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Khanna Paper plans Rs 270-cr expansion
The Punjab-based Khanna Paper Mills is embarking on an expansion programme in order to tap the writing and printing segments of the paper industry. The company has said that it will invest Rs 270 crore to put up a waste paper-based writing and ...
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SAIL to set up greenfield facility for long products
To take over Nisco unit from W. Bengal Govt
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Mold-Tek plans tech campus near Hyderabad
Mold-Tek Technologies Ltd is finalising plans for a Rs 10-crore technology campus near Hyderabad and a packaging unit in Tamil Nadu with an outlay of Rs 8 crore. The Hyderabad-based packaging and technology company recorded sales of Rs 70.87 ...
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ALLIANCES & JOINT VENTURES
Ashok Leyland in talks with global player for LCV biz
The new manufacturing plant to come up by 2008
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IOC to formalise tie-up with Nagarjuna Oil
Indian Oil Corporation intends to enter into an agreement with Nagarjuna Oil Corporation Ltd for buying petro products from the 6-million-tonne refinery that Nagarjuna is putting up in Cuddalore, Tamil Nadu. However, the agreement will not bind ...
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Schwing Stetter ties up with Bharat Shell
To launch hydraulic oil exclusively for Stetter's equipments
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Adlabs enters Hollywood
The Anil Ambani Group company has informed BSE that it has entered into a co-production, film financing deal with Hyde Park Entertainment Group, a production, financing and international sales company promoted by Mr Ashok Amritraj. Adlabs Films ...
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OUTLOOK
UB may fast forward its investment plans
To keep pace with growth in beer market
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Pfizer plans launch of blockbuster drugs in India
Bullish on prospects in the Asian markets
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