CORPORATE
ANNOUNCEMENTS
Dr Reddy's launches generic Zocor
Dr Reddy's Laboratories Ltd has announced the launch of authorised generic version of Merck & Company's cholesterol drug Zocor (simvastatin) in 5mg, 10mg, 20mg, 40mg and 80mg doses on Friday following the expiry of compound ...
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BHEL bags contract in Bangladesh
State-owned Bharat Heavy Electricals Limited (BHEL) has bagged a Rs 55 crore contract for setting up a sub-station in Bangladesh. The contract, awarded by the Power Grid Company of Bangladesh, entails supply and installation of a ...
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GM launches NEO series of Tavera
General Motors India on Monday launched the NEO series of the Chevrolet Tavera. The Tavera NEO comes with improved interiors and new seating options. "The Chevrolet Tavera NEO represents an extension of GM's commitment to exceed customer ...
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OVERSEAS BORROWINGS
Riga Sugar plans to raise Rs 35 cr thru GDRs
Ties up with London-based merchant banker
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OUTSOURCING
Volvo to increase sourcing from India by 40 pc
Launches two truck models FH and FM
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MERGERS & ACQUISITIONS
Deal makes Arcelor's entry into India easier
Merger will cut short required groundwork to sign MoU
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Arcelor deal could transform global steel industry
New entity expected to close year with revenues of about $72 b
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Inox to acquire `89 Cinemas'
Multiplexes major Inox Leisure Ltd has entered into a share-swap deal with Calcutta Cine Pvt Ltd (CCPL) — more popular as 89 Cinemas — for acquisition and merging its operations with Inox Leisure Ltd. CCPL, a joint venture of the ...
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Steel prices will stabilise, say experts
`Arcelor-Mittal merger will impact Europe, US markets'
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Novopan board okays entities' merger plan
The board of directors of Novopan has approved a proposal for merger of its group entities with itself "to form a single and integrated entity offering higher returns, a strong growth profile and synergies." Following the decision the entities ...
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NEW PROJECTS
ITC plans Rs 1,000-cr investment in Bengal
Seeks land from Govt for the proposed projects
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NRL finalises report for expansion
Numaligarh Refineries Ltd (NRL), a BPCL subsidiary, has finalised the detailed feasibility report (DFR) for capacity expansion up to 4.5 million tonne. The report is prepared by Engineers India Ltd (EIL). NRL is also exploring ...
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ALLIANCES & JOINT VENTURES
Flag, Omantel sign pact
Flag Telecom of the Reliance Communications group and Omantel signed an agreement to make Oman a telecommunication link between West Asia and Africa. The agreements were signed by the Omantel Executive President, Mr Mohammed Bin Ali Al ...
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EVENTS
Parliamentary panel to visit VSP
The Parliamentary Standing Committee on Coal and Steel headed by Mr Ananth Kumar is visiting the Visakhapatnam steel plant on Tuesday and Wednesday, according to a press release issued by the plant. The team will visit the major ...
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OUTLOOK
KEC Intl bags Rs 198-cr orders from PowerGrid
KEC International, one of the largest power transmission EPC companies in the world, has received new orders worth Rs 198 crore from Power Grid Corporation of India Ltd (PGCIL). In the first project, KEC's scope of work includes supply and ...
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PERFORMANCE
TVS Motor turnover up 12%
TVS Motor Co posted its highest-ever turnover of Rs 3,305.96 crore during the financial year 2005-06. The company achieved a growth of 12 per cent over the previous year's turnover of Rs 2,955.21 crore. The company has attributed this to a ...
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