CORPORATE
CORPORATE DISPUTES
Lodha challenges appointment of executors
Mr Rajendra S. Lodha on Tuesday challenged the appointment of Mr B.K. Birla and Mr Y. Birla as the executors of the mutual wills of the late Priyamvada Birla and M.P. Birla made in 1982. On August 25, Mr Arun Jaitley, counsel for Mr B.K. ...
More
INFORMATION TECHNOLOGY
IT spending by corporates low: Nasscom
Nasscom said that 30 per cent of companies surveyed had well-defined and documented proof on return on investment for implementing IT in processes. Security continued to be the prime concern among the user organisations.
More
MERGERS & ACQUISITIONS
IISCO to be merged with SAIL
THE Ministry of Steel has decided to merge the nation's oldest steel company, the 130-year-old Indian Iron & Steel Co Ltd (IISCO), with Steel Authority of India Ltd (SAIL). This was formally announced by the Steel Minister, Mr Ram Vilas ...
More
Promoters' group cos buy AP Paper Mills shares
HYDERABAD: Andhra Pradesh Paper Mills Ltd (APPML) has informed the bourses that two companies belonging to the promoters' group have purchased a total of 95,750 shares of APPML on August 30. While Sri Vithoba Investments Ltd has purchased ...
More
HPCL stalls ONGC bid to buy out Mangalore Refinery stake — Fears losing `strategic business interest'
OIL and Natural Gas Corporation's move to buy out Hindustan Petroleum Corporation Ltd's 16.95 per cent stake in Mangalore Refinery and Petrochemicals Ltd is facing an obstacle. According to sources, HPCL has reportedly made a fresh ...
More
Only way for IBP to survive is to merge with IOC: Chairman
THE Chairman of IBP Co Ltd and Indian Oil Corporation Ltd, Mr M.S. Ramachandran, today presented a strong case in favour of the former's merger with the latter and said that was the only way to ensure the survival of IBP Co Ltd in the long ...
More
BPCL weighing merger of KRL with itself
BHARAT Petroleum Corporation Ltd is considering the possibility of merging its subsidiary Kochi Refineries Ltd with itself. A merger with KRL will add the subsidiary's refining profits to BPCL's balance sheet, according to senior officials. "We ...
More
NEW PROJECTS
Cauvery Electrodes opens new unit
CAUVERY Electrodes has opened a new factory to manufacture mild steel copper coated wires. The Cauvery Electrodes Managing Director, Mr Peeyush Shukla, told newspersons that the new unit will cater to the demand from large and medium-scale ...
More
IOC to boost capacity at Paradip refinery
INDIAN Oil Corporation Ltd is firming up plans to augment the capacity of its petrochemicals refinery project at Paradip and even embark upon the manufacture of value-added petrochemical products there, according to Mr M.S. Ramachandran, Chairman ...
More
Kanoria Chem reaches financial closure for expansion plan
KANORIA Chemicals and Industries Ltd (KCIL) on Tuesday announced financial closure for the Rs 180-crore expansion plan of its existing facilities at Renukoot. The company would be investing Rs 180 crore over the next one year to set up a ...
More
ALLIANCES & JOINT VENTURES
BT Broadcast Services in pact with DTH licencee
`Necessary set-top boxes or dish packages will be sold to consumers through Zee TV's 10,000 resellers.'
More
Biocon ties up with Novartis for contract research
BIOCON'S R&D subsidiary, Syngene International, has announced that it has entered into a contract research agreement with Novartis' research and development arm, the Novartis Institutes for Biomedical Research Inc. The agreement will be ...
More
Dr Reddy's may exit Pathnet
DR Reddy's Laboratories Ltd has informed the stock exchanges that it has expressed its intention to Gribbles Pathology (VIC) Pty Ltd of Australia to exit the joint venture, Pathnet India Pvt Ltd. Responding to the clarifications sought by the ...
More
Ocimum ties up with Science Partners
HYDERABAD: Ocimum Biosolutions, a life science contract research and development company with operations in India and the US, has entered into an alliance with Science-Partners Ltd of the UK for distribution and marketing of its laboratory ...
More
OUTLOOK
Skoda plans 2 new models; launches turbo petrol engine car
VOLKSWAGEN group company Skoda Auto India is planning to launch two more models in the current year including an automatic diesel variant of the premium sedan L&K. The company also plans to roll out an Octavia variant based on a new platform ...
More
PEOPLE
Upadhyaya is new Nalco chief
BHUBANESWAR: Mr G. Upadhyaya, Director (P & A), Nalco, assumed charge as the Chairman and Managing Director on Tuesday in addition to his present responsibilities following the superannuation of Mr S.K. Banerjee, Director (P & T) and the ...
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds