CORPORATE
RESEARCH & DEVELOPMENT
Praj Ind develops tech to process sweet sorghum for alcohol production
The company is initially launching the technology in Tamil Nadu, which recently announced a policy to encourage sweet sorghum as an alternative to water- intensive crops such as sugarcane.
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ANNOUNCEMENTS
Panacea Biotech to develop new tech for vaccine storage
PANACEA Biotec has entered into collaboration with UK-based Cambridge Biostability Ltd for manufacturing a technology that will do away with the need of having a cold chain for storage of vaccines. Speaking to Business Line, Mr Rajesh ...
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Alkem firms up strategy for global foray
THE Rs 650-crore Alkem Laboratories Ltd has embarked on a multi-pronged strategy to establish a global footprint. Mr B.N. Singh, Managing Director, said the company's strategies ranged from partnering with multinational companies, doing ...
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COMPANY LAW
Non-audit services issues — `Govt committed to independence of CAs'
THE proposed move to prohibit auditors from rendering non-auditing service is being opposed by majority of the auditing community. In order to ensure independence of auditors, the concept paper for simplified Company Law now seeks to ban ...
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`Industry not forthcoming on changes to Arbitration Bill'
THE Parliamentary Committee, which is examining the Arbitration and Conciliation (Amendment) Bill for suggesting changes, has regretted the cold response from the industry and business houses. Mr Sudarsana ...
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Easy exit route for companies sought
WHILE appreciating the consultative approach adopted by the Government towards framing legislation and enforcement mechanism to monitor and regulate companies, India Inc has suggested that certain provisions in the law should have a sunset clause ...
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MERGERS & ACQUISITIONS
Jindal South to buy controlling stake in Siscol
THE Jindal South West Group is set to acquire a controlling stake in the Southern Iron & Steel Company Ltd (Siscol), promoted by the Coimbatore-based Lakshmi Machine Works (LMW) group, according to sources in the know. Siscol has informed the ...
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Crisil buys Irevna for Rs 43 cr
RATING agency Crisil Ltd has acquired the Chennai-based research firm Irevna for an initial cash payment of about Rs 43 crore. A Crisil press release said here that it signed a memorandum of understanding on Tuesday to acquire 100 per cent ...
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Bhilwara group in pact with Norway co for hydro project
THE LNJ Bhilwara Group on Tuesday announced a joint venture agreement with Norway-based hydro power major Statkraft Norfund (SN) Power Invest AS for executing hydroelectric projects in India. As part of the agreement, the LNJ Bhilwara Group ...
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NEW PROJECTS
Exide to power Afghanistan with its wind, solar energy
EXIDE Industries is entering Afghanistan through the wind and solar energy route, a sector the company had entered two years ago. The entry has been fuelled by the insatiable appetite of the Afghans for Hindi films and the total absence of any ...
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Roots Multiclean's new unit
COIMBATORE: Roots Multiclean Ltd (RMCL), a part of the Roots group of companies, will be inaugurating its 100 per cent EoU (Export Oriented Unit) at Kovilpalayam on Wednesday. RMCL is engaged in the manufacture of a new range of ...
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TRADE & LABOUR UNIONS
Madurai Aavin staff plea
MADURAI: The employees of the Madurai District Cooperative Milk Producers Union (MDCMPU) has sought payment of dearness allowance arrears pending since 2000. The All-Aavin Joint Action Council has said that 700 permanent employees of the ...
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CUSTOMER RELATIONSHIP MANAGEMENT
Maruti tops JD Power survey for fifth year
MARUTI Udyog has topped the list of J.D. Power ranking for the fifth year in a row in terms of customer satisfaction. "Maruti Udyog continues to lead the industry on all factors that contribute to overall customer satisfaction," J.D. Power ...
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INTERVIEW
`We expect earnings to stabilise in next five years'
THE Rs 2,800-crore Neyveli Lignite Corporation (NLC), for long confined to Neyveli, will soon acquire a pan-Indian image once its plans for projects in Rajasthan and Orissa come through successfully. Driving the process is Mr S. Jayaraman, ...
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SICK UNITS
Official liquidators told to protect properties of cos under their custody
THE Minister for Company Affairs, Mr Prem Chand Gupta, has asked official liquidators to take all possible steps to avoid thefts in the properties of companies under their custody. Speaking at a conference of official liquidators here on ...
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OUTLOOK
SPIC hopeful of recovery soon
SOUTHERN Petrochemical Industries Corporation Ltd (SPIC) will send "definite signal of recovery" this financial year-end, thanks to corporate debt restructure, cost cutting and agri-products marketing, according to its Vice-Chairman, Mr Ashwin C. ...
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Ford India to break even this year — To roll out new Mondeo in December
FORD India today said it is on course to achieve operational break-even later this calendar year and would be making "some" profits in the year in view of the high growth seen in the sales of the Ikon. According to a senior company official, ...
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