CORPORATE
NEW BUSINESS
Ashok Leyland, ANG Auto in Rs 1,800-cr tractor trailer deal
ANG arm to invest Rs 61 crore in setting up trailer unit
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RESTRUCTURING
Thermax UK arm to exit heaters, boilers biz
Thermax Ltd's UK subsidiary ME Engineering has discontinued its packaged boilers and heaters business owing to mounting losses. The company is also in the process of winding up operations of Thermax Energy Performance Services Ltd (TEPS), a joint ...
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MERGERS & ACQUISITIONS
Ranbaxy buys GSK's generic drug unit in Spain
Ranbaxy Laboratories Ltd, the country's largest drug maker, said today it has acquired GlaxoSmithKline Plc's (GSK) Mundogen generic drug unit in Spain for an undisclosed sum. The acquisition, the fourth in Europe this year by the company, was ...
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Cambridge University Press buys 51% stake in Foundation Books
Cambridge University Press (CUP) has entered India through the acquisition of 51 per cent stake in Foundation Books Pvt Ltd together with its divisions Foundation Media and Foundation e-Learning for about $6 million. The new entity will be ...
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NEW PROJECTS
Deepak Fertilisers to set up ammonium nitrate unit in Orissa
Rs 400-cr project likely to start by 2008
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Adhunik gets iron ore mine
Adhunik Metaliks Ltd, the flagship company of Kolkata-based Rs 1,200 crore Adhunik Group, on Tuesday, announced that it has been allotted an iron ore mine at Kulum in Keonjhar district of Orissa. The iron ore will help the auto grade steel ...
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OVERSEAS INVESTMENTS
Coromandel Fert net profit up 25 pc on higher sales
To acquire 15% stake in Tunisian venture
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TRADE & LABOUR UNIONS
Wage issue: Oil officers threaten strike
Delhi HC lifts restraint on strike
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ALLIANCES & JOINT VENTURES
Blue Star ties up with Italian co for supermarket refrigeration
The products will be co-branded as Blue Star ISA
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Pinkerton enters India thru Kochhar Group
US security services major Pinkerton Consulting and Investigations on Tuesdayannounced its entry into the country through an alliance with domestic law firm Kochhar Group. The venture will offer a slew of investigation services to Indian ...
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DIVERSIFICATION
Videocon plans agri, bio-tech SEZ in Bengal
Govt in favour of implementing infrastructure projects on PPP mode
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STANDARDS & BENCHMARKS
Manipal AcuNova gets ISO 9001 tag
Manipal AcuNova Ltd said it has received ISO 9001:2000 certification, the first to be given to an Indian contract research organisation. The quality tag covers clinical operations, clinical data management, bioavailability / bio equivalence, ...
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SICK UNITS
TRL revival likely by Oct
Promoters expect OTS arrangement with PSU banks
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OUTLOOK
ONGC plans to bring Sakhalin crude in Oct
Submits report on auctioning of offshore crude to Centre
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Mumbai box terminal: L&T may part ways with Hutchison Port
In talks with the Manila-based International Container Terminal Services
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