CORPORATE
CORPORATE DISPUTES
CLB to Bajajs: Settle dispute in a month
The Company Law Board has directed the two Bajaj brothers, Rahul and Shishir, to settle their family dispute within a month. The CLB Chairman, Mr S. Balasubramaniam told the two brothers that in order to maintain the family name, they should ...
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MANAGEMENT
Expert joins LifeCell board
Dr Amit N. Patel, Director, Centre for Cardiac Cell Theory, and an internationally acclaimed cardiothoracic surgeon and pioneer of stem cell research, has joined the board of directors of the Chennai-based LifeCell. LifeCell will utilise Dr ...
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MERGERS & ACQUISITIONS
Tatas to buy Corus for $8 b
Largest-ever acquisition by an Indian company; both boards clear deal
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Tatas offer competitive price for Corus shares
Implies a valuation of $430 per tonne
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Stable rating for Tata Sons NCDs
Crisil, the ratings and policy advisory agency, has given `AAA/Stable' rating to the Rs 300-crore non-convertible debentures (NCD) of Tata Sons. The company's Rs 618-crore and Rs 1,150-crore NCDs have also been rated as "stable" by the ...
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Chambers welcome deal
Welcoming the takeover of the leading steel multinational giant Corus by Tata Steel, Mr R. Seshasayee, President, Confederation Indian Industry (CII) said, "The Tata Steel-Corus agreement is a sign of a confident India Inc being recognised as a ...
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NEW PROJECTS
Empee Sugars plans expansion
Buoyed by assured irrigation and sugarcane availability, Empee Sugars and Chemicals Ltd is looking at expanding its existing sugar mill and has started work on a 20-MW cogeneration unit. According to Mr K. Jayachandran, Executive Director, ...
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ALLIANCES & JOINT VENTURES
Piped gas: IOC, RIL may form 50:50 joint venture
The city gas distribution joint venture project between IOC and Reliance Industries Ltd (RIL), which had got stuck on the issue of who would get to be majority partner, may finally move ahead. Speaking to Business Line, senior IOC ...
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SIDCO, ITI in pact for `telecom park'
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Joint venture pact for Assam gas cracker signed
The site has been identified and necessary environmental clearance has been obtained.
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INTERVIEW
`Contingent liabilities' against tax litigation, a potential deal breaker
The most important cause for deal failure despite due diligence is culture clash, that is, irreconcilable differences in management and operating styles. MR VIJAY IYER, PARTNER, DELOITTE HASKINS & SELLS, MUMBAI
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SOCIETY & DEVELOPMENT
Dengue: Pvt players join fight
Companies that are players in the mosquito repellent segment have launched several initiatives to help the Government fight the spread of dengue in the country. Godrej Sara Lee Ltd, a leader in the category of mosquito ...
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Subsidised HIV tests
A consortium of Mediciti Hospitals, Sujana Industries and Gati have partnered to bring a cost effective testing facility that could help patients infected with HIV (Human immunodeficiency virus). They have announced the launch of the CD4 ...
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OUTLOOK
Our focus is strategic fit, not tonnage: Ratan
Having announced the largest international takeover by an Indian company, that too in the steel sector, Mr Ratan Tata could not escape comparison with the global steel tycoon, Mr L.N. Mittal. Mr Mittal had been recently in the limelight for ...
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Bosch plans Rs 1,800-cr investment
To focus on developing new products
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