CORPORATE
ANNOUNCEMENTS
Gujarat Adani Port renamed
Gujarat Adani Port Ltd has been rechristened as Mundra Port and Special Economic Zone Ltd, its CEO, Captain Sandeep Mehta, said on Wednesday. The move indicated its free-port status and being the first port-based SEZ, he said at Mundra ...
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ACCOUNTING STANDARDS
ICAI moots changes in accounting of revalued assets depreciation
Rules on depreciation on property, plant to be changed from April 1, 2008
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CORPORATE DISPUTES
HC reserves order on Hutch plea
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Anil Ambani meets Ministry officials over RIL gas deal
Also raises the issue of allotment of coal bed methane blocks
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NEW BUSINESS
Ram Info bags e-gov deal
Ram Informatics Ltd has informed the Bombay Stock Exchange that the company has entered into a contract with the Uttar Pradesh Government for "eSuvidha," an e-Governance project for Lucknow city. The company will jointly execute ...
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COURTS/LEGAL ISSUES
Lipitor patent: Ranbaxy gains on US court ruling
Ranbaxy Laboratories Ltd on Thursday announced that the US Court of Appeals for the Federal Circuit (CAFC) handed down a judgment in the company's favour in a case challenging two key atorvastatin patents held by Pfizer. According to the ...
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IPR
Qualcomm gets notice for service tax on royalty
Told to furnish details on operation and collections
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HUMAN RESOURCES
HR programme for NMDC executives
The Institute of Public Enterprises (IPE) is organising a two-day Management Development Programme on `HR for Line Managers' for the executives of the National Mineral Development Corporation (NMDC), during August 4-5, 2006. The ...
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RESTRUCTURING
GE Shipping board calls off de-merger
Curtain falls on spat between Sheth brothers
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NEW PROJECTS
Saint-Gobain plans Rs 175-cr expansion
"We had created a capacity of 0.5 million windshields and 1 million sets of door glasses between 2003 and `05 with an option of scalability by marginal investments."
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Taj GVK draws up expansion plans
To expand to Chennai and Bangalore
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Godrej to invest Rs 100 cr in refrigerator unit
The appliances division of Godrej & Boyce Manufacturing Co Ltd has firmed up plans to invest Rs 100 crore in a refrigerator manufacturing facility at Sherwal near Pune. The plant will have a capacity to manufacture five lakh refrigerators ...
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Regus Chennai centre to open on Sept 1
The UK-based Regus Group, a provider of outsourced workplaces, will launch its sixth centre in India in Chennai on September 1. Mr Madhusudan Thakur, Country General Manager, said that Regus has leased about 30,000 sq ft at the City Center on ...
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OVERSEAS INVESTMENTS
OVL gets CCEA nod to buy asset in Colombia
The Cabinet Committee on Economic Affairs (CCEA) on Thursday permitted ONGC Videsh Ltd to acquire a share in an oil asset, Omimex de Colombia, owned by Omimex Resources Inc, a US exploration and production company. Briefing newspersons, the ...
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REGULATORY BODIES & RULINGS
Glenmark gets OK for trial on humans
Glenmark Pharmaceuticals Ltd has received regulatory approval from the Drug Controller General of India to initiate Phase II trials for its in-licensed anti-diarrhoeal product Crofelemer. The trial is expected to commence this ...
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ALLIANCES & JOINT VENTURES
Scottish & Newcastle tie-up helps UB boost returns
The tie up with Scottish & Newcastle is helping UB to squeeze more out of the Rs 400-crore investment it has poured into its joint venture's brewery business. A top company official told Business Line that Scottish & Newcastle's ...
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NMDC in pact with Chhattisgarh corpn
To develop Bailadila-13 deposit
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INTERVIEW
Telcon aims to be a billion-dollar company by 2010
Telcon, a subsidiary of Tata Motors, had earlier made plans to achieve Rs 3,500-crore turnover by 2010. Under the guidance of their recently appointed new Chairman, Mr Praveen Kadle, it now foresees becoming a billion-dollar (Rs 5,000-crore) ...
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VENTURE CAPITAL
Temasek arm invests $3 m in Uma Precision
The Hong Kong-based India China pre-IPO Equity (Mauritius) Ltd has earmarked a corpus of $500 million to invest in small and medium enterprises with global potential and 60 per cent of this corpus will be invested in India. The investment ...
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OUTLOOK
Bharat Forge `on track' to record $ 1 b global revenue
Forging capacity expansion to be complete by September
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Gokaldas Exports draws up roadmap for expansion
Units to come up at Chennai, Mysore, Hyderabad
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Quipo Infrastructure to buy equipment worth Rs 100 cr
To put up six more equipment yards across the country.
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PEOPLE
New Director, GMs for Bharat Electronics unit
Mr H.S. Bhadoria is the new Director, Bangalore Complex, of Bharat Electronics Ltd. He heads the company's oldest and largest unit. He was earlier General Manager (Personnel) of Bangalore Complex, in charge of personnel, industrial relations, ...
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