NEW BUSINESS
SAAG bags IT Park construction order
Infrastructure company SAAG RR Infra Ltd, a subsidiary of SAAG Consolidated (M) BHD, has bagged an order of Rs 12 crore from Bhawan Cybertek Pvt Ltd, for the construction of an IT park at Okkiyam Thoraipakkam near Chennai. The ... More

AWARDS & HONOURS
Meghmani wins award
The Ahmedabad-based Meghmani Organics Ltd has once again received an accolade from the investment community in Singapore for good corporate governance and transparency, its Chairman and Managing Director, Mr Jayanti M Patel said. Addressing a ... More

RESTRUCTURING
ABB to ramp up automation products biz
Plans new plant in Haridwar More

ABCL announces revamp, 15% dividend
Board gives nod for restructuring plans More

Sakthi Sugars restructures finances under CDR scheme
Sugar major Sakthi Sugars has restructured its financials under the Corporate Debt Restructuring Scheme (CDR). This restructuring is expected to help the company save about Rs eight-nine crore every year on interest cost, its Vice Chairman and ... More

CORPORATE GOVERNANCE
Singapore retail investors' award for Meghmani
For 2nd consecutive year, the co was selected by about 25,000 retail investor members More

CII summit stresses corporate governance
India stands third in Asia More

NEW PROJECTS
Maharashtra signs MoU with Ballarpur
The Maharashtra Government and Ballarpur Industries Ltd (BILT) have signed a memorandum of understanding (MoU) for the capacity expansion of its paper plant at Bhigwan in Pune. The proposed two-phase capacity expansion will cost Rs 1,200 ... More

NTPC's Unchahar unit synchronised
NTPC Ltd announced on Friday the successful test synchronisation of the fifth 210 MW unit of Feroze Gandhi Unchahar Thermal Power Station, taking the total installed capacity of the station to 1,050 MW. The station supplies power ... More

Mankind Pharma plans to invest Rs 70 cr for expansion
To set up 2 facilities for manufacturing, R&D operations More

OVERSEAS INVESTMENTS
Wipro Infra acquires Swedish co Hydrauto
Wipro Infrastructure Engineering (WIN), a subsidiary of Wipro Ltd, has acquired 100 per cent stake in the Sweden-based Hydrauto Group AB (Hydrauto) for $31 million in all cash deal. Mr Anurag Behar, Managing Director, WIN, said the acquisition ... More

GAIL looking at E&P blocks in Africa
In talks with TGS-NOPEC, promoter of Madagascar bidding round More

Godrej Ind plans to develop SEZs
Godrej Industries plans to develop a portion of its own land into a couple of Special Economic Zones (SEZ), said Mr Adi Godrej, Chairman, the Godrej group. One of them could be an IT SEZ, he added. Godrej Industries is looking at acquisitions ... More

DIVERSIFICATION
Nahar Industries plans foray into real estate
Nahar Industries Enterprises Ltd (NIEL), a fully integrated textile company, is planning a foray into real estate to utilise surplus land at three locations in Ludhiana, Punjab. "We have property that we do not require for our industrial and ... More

OUTLOOK
Kinetic to launch 6 scooter models in 3 yrs
Euro to be launched in 2-3 months More

Reliance undecided over fuel retail business
Reliance Industries is yet to take a call on the future of its fuel retail business, which was grounded during the last crude spike. Though crude prices and product have softened recently, the company is far from bringing its prices to the levels ... More

Claris gears up to enter the Philippines market
May set up manufacturing facility in 2 years More

PEOPLE
Om Narayan takes over as IGL MD
Mr Om Narayan has taken over as Managing Director of Indraprastha Gas Ltd (IGL), the sole supplier of compressed natural gas (CNG) and piped natural gas (PNG) in the Capital. Mr Narayan took over the reins of IGL from Mr A.K. De, ... More