CORPORATE
RESEARCH & DEVELOPMENT
Apollo Tyres plans R&D facility in Germany
Apollo Tyres may set up a research and development facility in Germany, a country known for its forte in tyre technology, said Mr Onkar S Kanwar, CMD, Apollo Tyres. The R&D facility is a stepping-stone towards strengthening the company's ...
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NEW BUSINESS
Rajesh Exports bags LIC order
Bangalore-based jeweller Rajesh Exports has bagged a Rs 25-crore order from Life Insurance Corporation for the supply of 33,000 gold coins for the insurance company's golden jubilee celebrations. The coins, at a total of 264 ...
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COMPANY LAW
Cabinet nod for Limited Liability Partnership Bill
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AWARDS & HONOURS
Forrester ranks HCL Tech as leader
Forrester Research Inc has ranked HCL Technologies' Infrastructure Services Division as a `Leader' in `Global Delivery of Infrastructure Management' in Europe. HCL also received the highest score on criteria such as ...
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COURTS/LEGAL ISSUES
How an oil company milked super-profits
Purchase price Rs 3,245, and selling price Rs 10,887. What is the profit? Rs 7,642, or a 235 per cent mark-up. This are the numbers relating to a kilolitre of ATF or aviation turbine fuel, bought and sold by Indian Oil Corporation Ltd (IOC) from ...
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RESTRUCTURING
Aegis, Percept revamp operations
Restructuring its operations, Aegis Media has sold out its stake in PDM (Percept D'Mark) and Posterscope to Percept Holdings in India. In 2002, Aegis acquired a 25.1 per cent holding in PDM India, Percept's sports, entertainment ...
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MERGERS & ACQUISITIONS
Carborundum buys 2 units in Jabalpur
Carborundum Universal Ltd has acquired a monolithic refractory unit and a high quality cement refractory unit at Jabalpur, Madhya Pradesh, according to information provided by the company to the stock exchange. The cost of the ...
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GAIL buys 30 pc stake in Myanmar oil, gas block
Signs production-sharing contract with Myanmar Oil and Gas
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3M Electro to acquire Mahindra Engg division
3M Electro & Communication India Pvt Ltd, a group company of 3M, today announced it was acquiring the cable accessories division of Mahindra Engineering & Chemical Products Ltd (MECP) for an undisclosed amount. The Pune-based MECP, which ...
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J.K. Cement plans to acquire plant with 1.5-mt capacity
`We will be open to shedding equity for this purpose'
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CORPORATE GOVERNANCE
`Workforce quality vital in risk management'
Enterprise risk management (ERM) is not a serial process. It is a multi-directional and interactive process in which almost any component can and does influence others, according to Mr Ashok Soota, Chairman and Managing Director of MindTree ...
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NEW PROJECTS
UTV in Rs 128-cr deal to buy 2 gaming cos
To acquire Indiagames, UK co Ignition Entertainment
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Schwing Stetter plans to make truck-mounted boom pump
Opens new concrete batching plant manufacturing unit in Chennai
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Mamata refuses to call off fast despite Buddhadeb's request
Wants land acquisition halted in Singur before talks
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OVERSEAS INVESTMENTS
For pharma, biotech firms, all roads lead to Europe
To gain a foothold and expand market in Europe
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REGULATORY BODIES & RULINGS
1,640 complaints against cos received
During the current year, 1,640 complaints were received at the Registrar of Companies, Delhi, of which 1,634 were immediately forwarded to the concerned companies for redressal, the Minister for Company Affairs, Mr Prem Chand ...
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ALLIANCES & JOINT VENTURES
Toonz signs pact to produce animation film
Toonz will distribute the film to theatres in India while PHE will market the DVDs globally.
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Lifan, M&M in talks for 2-wheeler venture
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DS Const ties up funds for road projects
Infrastructure company DS Constructions Ltd on Friday announced the syndication of debt worth Rs 414 crore for achieving financial closure of two road projects — the Rs 450-crore Lucknow-Sitapur and the Rs 286-crore ...
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Changi seeks to bid for airport modernisation
All set to announce tie-up with listed infrastructure company
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RJ Corp appointed Cryobanks licensee
Cryobanks International, a pioneer in the field of cord blood processing and storage, has announced that it has entered into an agreement to license its proprietary technology in the UAE and Thailand to its India licensee, RJ ...
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INTERVIEW
Govt does not propose to formulate accounting standards of its own
A few days ago, there was an unusual report about Accounting Standards (AS). It cited a top official of the Ministry of Company Affairs to say that the Government would soon specify the AS that companies need to adopt for the preparation of their ...
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OUTLOOK
Honeywell mulls shifting one production line to HAL
For engines that power Dorniers and Bombardiers
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Danieli Engg to strengthen Kolkata operations
To serve as nodal centre for support services to parent's global clients
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ECONOMIC OFFENCES
FIR filed against 102 cos, promoters
A Central Co-ordination and Monitoring Committee has been constituted to look into issues relating to vanishing companies and their promoters and to monitor the progress of action against them, Mr Prem Chand Gupta, Minister for Company Affairs, ...
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PEOPLE
Dalmia Cement CEO
Mr T. Venkatesan has been appointed as the Chief Executive Officer (Cement) at Dalmia Cement (Bharat) Ltd. Based in Chennai, Mr Venkatesan will be in-charge of operations and the future growth plans of the cement business of the ...
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TPG Ventures sets up team for Indian investments
Ropes in former top executive at Intel Capital
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