CORPORATE
NEW BUSINESS
Zee group co picks BEL set-top boxes
Bharat Electronics Ltd said it has bagged a `breakthrough' order from a Zee group-owned company for the supply of two lakh set top boxes. The order was placed by Wire and Wireless India Ltd, Mumbai. The boxes would be supplied ...
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COURTS/LEGAL ISSUES
Appellate Authority stays BIFR order on Metal Box
The Appellate Authority for Industrial & Financial Reconstruction (AAIFR) has stayed until further orders all proceedings in BIFR case (No. 34/88) relating to Metal Box India Ltd. The BIFR, in an order issued in September, had directed the ...
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MERGERS & ACQUISITIONS
Apollo Tyres eyes global acquisition
Investments to be met by internal accruals
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Sun TV's merger plan
Sun TV plans to merge satellite television broadcasting companies with itself, according to information provided by the company to the Bombay Stock Exchange. Its board will consider the merger on November 27. When contacted, ...
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CSN begins due diligence on Corus; Tata Steel scrip down
Uncertainty hits stock prices
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CORPORATE GOVERNANCE
CII supports panel suggestions on corporate boards
The CII is in agreement with the suggestion made by the Expert Committee on Company Law that a subsidiary company should not be required to necessarily co-opt an independent director of its holding company as an independent director on its ...
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NEW PROJECTS
NCL to invest Rs 213 cr to expand cement capacity
NCL Industries has decided to increase its cement capacity by 8.25 lakh tonnes per annum with an investment of Rs 213 crore by setting up a 1,800 tonnes per day (tpd) Clinker Plant at its existing cement plant in Nalgonda district, Andhra ...
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Saab to set up Bangalore base for fighter jet arm Gripen
Plans visible presence in Aero India show in February
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Blame game over Volkswagen issue
Even as Volkswagen has decided to set up its plant in Pune, putting to rest all speculation, the issue has refused to die in Andhra Pradesh, with the Opposition and the ruling Congress blaming each other. Chief Minister Dr Y.S. Rajasekhara ...
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ALLIANCES & JOINT VENTURES
Nicholas Piramal inks pact with BioSyntech Inc
For developing drug for heel pain
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Aditya Birla Nuvo pact with NGK
Aditya Birla Nuvo Ltd (ABNL) has entered into a share purchase agreement with NGK Insulators Ltd to buy out all equity shares held by joint venture partner NGK Insulators Ltd and its affiliate Mitsubishi Corporation in Birla NGK ...
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INTERVIEW
`Tata Steel may not have to outbid CSN offer'
For Tata Steel, without considering any synergy benefits, the cut-off price would be 540 pence per share for Corus. So there is still plenty of room to grow without affecting Tata Steel's balance sheet and profit and loss. The cut-off price wo uld be 540 pence per share
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OUTLOOK
Zydus Cadila plans foray into smoking cessation category
Talks on with smaller brands, players for acquisitions
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M&M scouts for distributor in Central Africa
Through this the company wants to cover whole of Africa
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