CORPORATE
ANNOUNCEMENTS
LG arm to launch iron sucrose injection
LG Life Sciences India Pvt Ltd (LGLSI), a wholly owned subsidiary of the LG Group, is all set to launch Venofer, an intravenous iron sucrose injection, in India. The injection is manufactured by Vifor, a Swiss healthcare company, and will be ...
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PREFERENTIAL ALLOTMENTS
KS Oils increases FII limit to 49 pc
The Board of Directors of KS Oils has decided to increase the investment limit of Foreign Institutional Investors (FIIs) in the paid up equity share capital of the company up to 49 per cent of the total share capital/voting rights subject to the ...
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OPEN OFFERS
SEBI slaps Rs 25 cr penalty on Holcim
SEBI has imposed a penalty of Rs 25 crore on Holcim (India) Pvt Ltd for not making an open offer to shareholders of Everest Industries Ltd (EIL), a subsidiary of Associated Cement Company (ACC). In 2005, when the Swiss cement major Holcim ...
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NEW BUSINESS
IVRCL to develop Noida housing project
IVRCL Infrastructures & Projects Ltd has announced that it has obtained allotment of about 43 acres in Sector 119 and 121 for group housing by New Okhla Industrial Development Authority (NOIDA). In a release on Friday, the ...
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L&T bags $ 150-m Saudi order
Larsen & Toubro, along with its consortium partner, Haldor Topsoe of Denmark, bagged an order worth $ 150 million for setting up a high-tech methanol and carbon monoxide plants in Saudi Arabia. The order was bagged from Saudi ...
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OUTSOURCING
DiamlerChrysler targets corporate segment
India emerges major sourcing hub for the company
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CONSULTING
ICICI asked to do valuation of Dabhol's LNG terminal
Petronet tipped to buy terminal
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HUMAN RESOURCES
RINL personnel dept gets IS0-9001
The personnel department of the Rashtriya Ispat Nigam Ltd (the steel plant) was awarded the ISO-9001 certificate on Friday for "its excellent services in the area of human resources." Mr Y. Sivasagara Rao, the Chairman and ...
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MERGERS & ACQUISITIONS
Deepak Nitrite buys Vasant Chem acid biz
Rs 55-cr acquisition to help co move up value chain
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`Growth, reforms set to boost M&A activity'
Outbound deals likely to outstrip inbound investments in second half of 2006
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NEW PROJECTS
Toyota opens service parts centre
It was set up at a cost of Rs 24 crore and has 102 employees
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OVERSEAS INVESTMENTS
L&T bets big on China
The company's `China strategy' encompasses sourcing of raw materials and setting up of a wholly owned subsidiary to manufacture high-end Air Circuit Breakers, apart from other manufacturing facilities.
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Adhunik Metaliks plans foray into forgings biz
The city-based Adhunik Metaliks Ltd, a manufacturer of value-added steel products, is planning to foray into the forgings business though an overseas acquisition. According to Mr Manoj Kr Agarwal, Managing Director, the company would be ...
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ALLIANCES & JOINT VENTURES
Voltas ties up with Besseling Group
The Tata Group-owned Voltas Ltd has entered in to an agreement with the Netherlands-based Besseling Group to deliver turnkey solutions for storage of horticulture produce. The strategic partnership between the two companies ...
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SOCIETY & DEVELOPMENT
CSR makes it to `annual report'
Companies highlight corporate social responsibility initiatives
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DIVERSIFICATION
Ashok Leyland plans to set up `commodity desk'
To help in hedging against metal price volatility
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OUTLOOK
Tata Motors' new finance arm to up branch count to 500 by 2010
Tata Motors's newly established 100 per cent subsidiary TML Financial Services is set to increase the company's existing chain of 150 Tata Motorfinance branches to 500 branches by 2010. The expansion is on the lines of the product expansion ...
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DSM Anti-Infectives charts growth plans for India
`Innovation will be the focus'
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BPCL plans Rs 5,000-cr investment in Kochi Refineries
To fund capacity addition, single buoy mooring facility
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Lockheed Martin to enter into tie-ups with Indian cos
The US-based defence aircraft manufacturing company Lockheed Martin said it plans to enter into a few initial agreements with Indian companies this year. The move would be independent of any aircraft purchase by the Ministry of Defence. It ...
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ONGC to introduce `smart well' tech in marginal fields
`Human intervention highly expensive in deepwater exploration'
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PEOPLE
NTPC Southern Region gets new ED
Mr A.N. Dave has taken over as Executive Director of NTPC Ltd (Southern Region) at Secunderabad. He succeeds Mr L.V. Rao. Prior to the new assignment, Mr Dave was Executive Director (Northern Region) of NTPC based at Lucknow. He ...
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