CORPORATE
RESEARCH & DEVELOPMENT
Hyundai to finalise R&D centre plan in two months
Hyundai Motor India Ltd is likely to finalise plans for setting up an R&D centre in the country within two months. The Managing Director of Hyundai Motor India, Mr H.S. Lheem, said that no decision has yet been taken with regard to the R&D ..
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ANNOUNCEMENTS
Grasim's unit shut down for repairs
Grasim Industries Ltd has informed BSE that the company's chemical division at Nagda, Madhya Pradesh will be shut for another 3 to 4 months for repairs. As a result, there will be a 50 per cent reduction in production during the ...
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Pochanpalli road project fiscal closure
GMR Group has announced that the Adloor Yellareddy-Pochanpalli road project in Andhra Pradesh, awarded to GMR consortium comprising GMR Infrastructure and GMR Energy, achieved its financial closure on September 25. In a press release here on ...
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CESC's Budge Budge plant registers highest PLF in 2005-06
Gets registered under UNFCCC for carbon credits
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DIVIDEND ANNOUNCEMENT
JK Paper declares 20 pc dividend
JK Paper Ltd, on Tuesday, declared a dividend of Rs 2 on a share of Rs 10 each for the year ended June 30, pushing up the total dividend to Rs 3.4 for the year. The 20 per cent dividend is in addition to the 14 per cent interim ...
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AWARDS & HONOURS
Ramco Textile unit bags safety award
Sri Vishnu Shankar Mill Ltd, Rajapalayam, a unit of Ramco Textile division, has received the State safety award for 2003. The award was presented at a function jointly organised by National Safety Council - Tamil Nadu Chapter and ...
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Star Export House status to law firm
The Ministry of Commerce and Industry has conferred `star export house' status to law firm Titus & Co in recognition of the firm's foreign exchange earnings record. Star Export Houses recognition provides a number of privileges to the company, .
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MERGERS & ACQUISITIONS
Sterling Biotech to acquire China facility
In its first overseas acquisition, gelatin-maker Sterling Biotech Ltd is set to acquire China Gelatin Ltd, a gelatin manufacturing facility in China. No financial details were available. The company has been acquiring production ...
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NEW PROJECTS
Bengal to hand over land to Tatas
Trinamul Congress protests; calls for 24-hour bandh
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HMSI to invest Rs 400 cr on capex
Targets to sell about 7.5 lakh units this year; plans more bike models
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OVERSEAS INVESTMENTS
Moser Baer arm buys stake in Solaria
Moser Baer Photo Voltaic Ltd, a wholly owned subsidiary of Moser Baer India Ltd(MBI), announced on Monday that it has invested into Solaria, a photovoltaic concentration technology company based in Fremont, US. Moser Baer, the parent company, ...
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Alok Ind to buy 60 pc stake in Czech co Mileta
Alok Industries will acquire a 60-per-cent stake in the Czech Republic-based Mileta International (Mileta) at a cost of 13.96 million. The Indian company retains the option to acquire another 19.6 per cent. The deal will be financed ...
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ALLIANCES & JOINT VENTURES
Oil India signs pact with ICSA
Crude, refined oil flow management
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Aurobindo Pharma ties up with Gilead
Aurobindo Pharma Ltd has announced that it has entered into an agreement with the US-based pharma major Gilead Sciences to manufacture and market generic versions of their anti-retroviral brand Viread (Tenofovir disoproxil fumerate) in 95 ...
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INTERVIEW
`Blank cheque companies' enter India
Clinging on to an idea that clicked in the US in mid-80s, a band of `cash-strapped American businessmen' has arrived to aid the fund-starved Indian companies. `Blank cheque companies', as they are called, are the newest entrants to the Indian ...
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OUTLOOK
Toyota-Kirloskar gearing up to launch small car
Plans to launch several initiatives over the next one year
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PEOPLE
Subash Chandra and brother join UNI board
The Chairman of Essel Group, Mr Subash Chandra, and his brother Mr Jawahar Goel were on Tuesday co-opted as directors of the United News of India (UNI). Mr P.C Lahiri, who is Senior Vice-President Corporate Affairs at Essel Group, and Mr C.S. ...
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