CORPORATE
ANNOUNCEMENTS
Hardy Oil finds oil, gas in Cauvery offshore
Not yet ready to come out with estimates
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Balrampur Chini approves hike in FII investment limit
AGM to decide on increasing borrowing limit
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NEW BUSINESS
Essar Oilfields bags GSPC contract
Essar Oilfields Services Ltd has been awarded a drilling contract by Gujarat State Petroleum Corporation for drilling in the Krishna-Godavari (K-G) basin on the east coast. The work will involve drilling up to depths of 5,600 metres and is for ...
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NCCL bags two new orders
Nagarjuna Construction Company Ltd on Monday announced that it has secured two new orders aggregating Rs 260 crore. The first order is from Maharashtra Airport Development Company Ltd, Mumbai, for designing, providing and ...
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BHEL bags Rs 380-crore contract
Bharat Heavy Electricals Ltd (BHEL) on Monday said it has secured a turnkey contract worth nearly Rs 380 crore from Punjab State Electricity Board. The contract mandates BHEL to renovate, modernise and upgrade two thermal ...
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INFORMATION TECHNOLOGY
Tata Motors uses CRM solution in 500 outlets
Tata Motors recently rolled out a Customer Relationship Management (CRM) system, using Oracle's Siebel CRM applications as a web-based centralised dealer management system, in 500 dealer outlets in India and abroad. With the successful ...
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MANAGEMENT
Business-centric designs `improve' efficiency
Usability now comes in two flavours: user centric and business centric approaches to making life simpler. While consumer product manufacturers have been discussing the former over coffee tables for years now, the business process-centric design ...
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MERGERS & ACQUISITIONS
Spentex sets 9:10 share ratio for Indo Rama acquisition
Textile firm Spentex Industries Ltd said on Monday it would issue nine shares for every 10 held by shareholders in Indo Rama Textiles Ltd (IRTL). Last year, Spentex had acquired IRTL and now holds 84.02 per cent stake in it. A company ...
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United Spirits won't raise offer price for Whyte & Mackay
Top officials may meet on January 15 to finalise the deal
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SOCIETY & DEVELOPMENT
ITC in nationwide drive for water conservation
Its rainwater harvesting programme seeks to achieve 2 main goals
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RIGHTS ISSUE
Mahalaxmi Rubtech plans to raise Rs 25 cr for expansion
The Ahmedabad-based Mahalaxmi Rubtech Ltd plans to raise about Rs 25 crore for its ongoing expansion project, by way of rights issue of equity shares and debt, to achieve its targeted annual capacity of producing 96 lakh meters of fabric and ...
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STANDARDS & BENCHMARKS
Suven Life gets global certifications
Suven Life Sciences has secured global certifications - OHSAS 18001 & ISO 14001. Both these are voluntary initiatives for the safety and well being of the company's workers and communities around the manufacturing units. ...
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OUTLOOK
Jindal Steel's Bolivian plans likely to be delayed
Contract details yet to be finalised with Govt
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OVL likely to form joint venture with Venezuelan co
Offered 30 pc participating interest in San Cristobal oil block
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Dunlop yet to start production
Production at Dunlop India Ltd factory in Ambattur has not started as was expected and maintenance work continues, according to sources in the know. Officials had said last week that maintenance work was on and they were planning to recommence ...
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GM plans to offer variants of SRV
General Motors (GM) India has plans to offer variants of the Chevrolet SRV, its sports luxury model. According to senior officials, the company could be introducing the sports model with a two-litre TCDi diesel engine and is also launching a ...
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Jupiter Bio bets big on peptide pharma
Plans new manufacturing unit in the US
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Essar looking to invest in TN
The Essar group is looking at opportunities to invest in Tamil Nadu. A group comprising top officials of the group, including Mr Prasant Ruia and Mr S.V. Venkatesan, met the Chief Minister, Mr M. Karunanidhi, on Monday. No official from the State ...
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PEOPLE
P.S. Pai joins LifeCell
Mr P.S. Pai, former Vice-Chairman, Wipro and former Executive Chairman of the Murugappa group, has joined LifeCell's board of directors. LifeCell is a Chennai-based company engaged in stem cell banking and research. Mr Pai is an ...
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