CORPORATE
ANNOUNCEMENTS
Shreyas Shipping to expand to East Coast
SHREYAS Shipping Ltd, part of the Transworld Group and the country's first container feeder shipping company, is planning to expand its operations from the West Coast to the East Coast of India. The company will soon be introducing freight ...
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IOC, JK Tyres ink pact for customer loyalty schemes
INDIAN Oil Corporation (IOC) on Wednesday inked a memorandum of understanding (MoU) with tyre manufacturer, JK Industries to further improve the benefits available under the oil major's loyalty programme for customers. Indian Oil's customer ...
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Natco Pharma launches cancer drug
NATCO Pharma Ltd (NPL) has announced the launch of anti-cancer drug Curcumin in 500 mg capsules form under the brand name Turcumin. In a press release here on Wednesday, the company said Curcumin is essentially an extract of turmeric and is ...
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PREFERENTIAL ALLOTMENTS
NCC board okays pref offer
HYDERABAD: The board of directors of Nagarjuna Construction Company Ltd (NCC)at its meeting held here on Wednesday has, in principle, approved a proposal to issue three million equity shares to select investors on preferential allotment ...
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OVERSEAS BORROWINGS
IOC raises $100 m through ABN Amro
INDIAN Oil Corporation has said it has signed a loan agreement with ABN Amro Bank to raise a short-term oil import loan of $100 million. The amount raised through ABN Amro's Amsterdam branch will be used to finance the IOC's oil import ...
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COMPANY LAW
Company Law violations — India Inc unhappy with higher penalty proposal
THE move to increase the quantum of penalty for contravention of the provisions of Company Law as proposed in the concept paper has sent jitters in the corporate sector. Though the regulatory intent behind the proposal for stricter and higher ...
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HUMAN RESOURCES
`Cos must manage talent, reward innovation'
"DON'T pay people for showing up at work, instead reward innovation, results and performance," said Dr John Sullivan, Professor of Management at San Francisco State University. `At Emerging Asia: An HR Agenda,' an international HR conference, ...
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IIM-B courses via Direcway
BANGALORE: The Indian Institute of Management, Bangalore, (IIM-B) has entered into a partnership with Hughes Escorts Communication Ltd (HECL) to offer a host of long-term programmes to working executives over the Hughes' Direcway Global ...
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NEW PROJECTS
Tata Steel plans pellet plant to support Bangladesh project
TATA Steel plans to put up a 4-million tonne pellet plant as part of the overall investment for its proposed 2.4-million tonne steel manufacturing facility in Bangladesh. "The plans are at a preliminary stage. We have not decided where to set ...
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ALLIANCES & JOINT VENTURES
Biocon ties up with Nobex of US for oral insulin
BIOCON has tied up with US-based drug development company Nobex Corporation to take its painless oral insulin plans forward. The two companies will jointly develop Nobex's insulin molecule into a tablet-form product that diabetics can take ...
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SICK UNITS
ARCIL acquires Pennar Alu assets
OUTLOOK
Hero Honda upbeat on maintaining profitability
THOUGH margins seem to have come under pressure for the motorcycle major Hero Honda Motors Ltd , its Chairman, Mr Brijmohan Lall Munjal, remains unfazed and is confident of maintaining profitability through rest of the year as in the past. In ...
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PEOPLE
RINL's new CMD takes charge
MR Y. Siva Sagar Rao, Director (Commercial) of Rashtriya Ispat Nigam Ltd here (Visakhapatnam Steel Plant), has been elevated as the Chairman and Managing Director of the company. Mr C. Appa Rao, Director (Personnel) and the Acting CMD, handed ...
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