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RESEARCH & DEVELOPMENT
Sandvik Asia to set up new R&D centre in Pune
Sandvik Asia Ltd (SAL), a wholly owned subsidiary of the $8-billion Swedish group Sandvik, has announced that it would be setting up a new research and development modelling centre in India. The new centre is expected to be fully operational by ... More

Braun R&D facility at Mahindra World
International medical equipment manufacturer B. Braun Medical India Private Ltd has set up its production cum R&D facility at Mahindra World City, near Chennai, according to a press release. The facility will manufacture ... More

ANNOUNCEMENTS
BMW announces `3-series' prices
The models will be assembled at its upcoming plant in Chennai. More

Cotton County opts for SAP tool
Apparel readymade garment brand - Cotton County - from Nahar Industrial Enterprises stable has opted for SAP solutions to efficiently monitor, analyse and evaluate the group's lines of business across the country. Mr ... More

CORPORATE DISPUTES
Bharti complains to DoT against BSNL
`Intra-circle calls being blocked' More

NEW BUSINESS
BHEL bags Rs 400-cr hydel contract in Himachal
Bharat Heavy Electricals Limited on Thursday said it has bagged a Rs 400-crore contract for setting up a 520-MW Hydro Electric Project (HEP) in Himachal Pradesh. The company received the order for setting up four units of 130 MW by the state-run ... More

ABB India bags Rs 311-cr order
ABB India has been awarded orders worth Rs 311 crore to provide Grasim Industries' Cement division and Ultratech Cement, part of the Aditya Birla Group, power and automation products and systems for their cement capacity ... More

Jupiter Bio gets order from Swiss co
Jupiter Biosciences Ltd (JBL) has received a big order from the Swiss Bachem AG, a global leader of peptides. The business relationship is expected to be of a long-term nature. JBL, a peptide-pharmaceuticals company, has also entered into ... More

PSL bags Rs 240-cr order from L&T
PSL Ltd, a Mumbai-based listed company, has bagged an initial order of Rs 240 crore for L&T's Bisalpur-Jaipur water pipeline. The order will be completed in about nine months. The order will be supplied from the company's newly installed pipe ... More

COURTS/LEGAL ISSUES
Apprentices have no right to seek preference in jobs over others: HC
Apprentice trainees had no right to seek job in preference to other applicants, the Madras High Court has ruled. Citing a ruling of the Supreme Court on October 3, 1996, the First Bench held that apprentices/trainees should have to go through ... More

MANAGEMENT
Women execs have more clarity
The challenge before this head honcho is not only to do "the same thing better" but also "to do different things". More

HUMAN RESOURCES
`Retention of talent a big challenge during M&As'
Global human capital consulting firm Watson Wyatt says that talent retention is the biggest concern for Indian firms that are riding high on the M&A crest. Dr Chuly Lee, Vice-President, Managing Director, Asia-Pacific, Watson Wyatt, says, "In .. More

RESTRUCTURING
Mecon revamp package okayed
The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved a Rs 93-crore restructuring package for Mecon Ltd, a public sector company under the Ministry of Steel. According to the plan a Rs 22-crore cash infusion has been permitted ... More

MERGERS & ACQUISITIONS
Rain Calcining to merge with Rain Commodities
Aim to create world's largest calcining company More

ABN Amro tops advisory league table
With a deal count of only 8, ABN Amro jumped to rank 1 last year, from rank 22 in 2005, as per the latest M&A (mergers and acquisitions) financial advisory league tables compiled by Bloomberg. ABN's market share in 2006 was more than a quarter, . More

M&As test the mettle of steel industry
What are the portends of the consolidation happening in the steel industry? More

NEW PROJECTS
Supreme Yarns plans to expand capacity
Supreme Yarns Ltd plans capacity expansion through new facilities for spinning and dyeing. It also plans to foray into the finished garments business. According to Mr Ajay Gupta, Joint Managing Director, "Our focus on growth is by being ... More

Suguna Poultry forays into layer segment
Ties up with German major Lohmann Tierzucht More

Albit Electronics plans expansion
Albit Electronics plans to expand its manufacturing capacity of inverters and batteries with an investment of Rs 25 crore. "We are setting up a new battery manufacturing plant in Uttaranchal with a capacity of 10,000 units per ... More

Swiss cookware co's expansion drive
Alfa Metal Craft (AMC), an international surgical steel cookware company based in Switzerland, plans to invest € 3 million to expand its operations in India, according to Mr Robert Humbel, CEO and Chairman of the ... More

Feeding a car project... and their personal dreams
Group of 25 local women launch canteen services at project site More

REGULATORY BODIES & RULINGS
Reliance gets approval for oil production in K-G basin
The Directorate General of Hydrocarbons (DGH) on Thursday said that it has approved the commercial production of oil from a deep-water block in the Krishna-Godavari basin run by Reliance Industries Ltd. Commercial production from the block is ... More

ALLIANCES & JOINT VENTURES
L&T, Boeing sign MoU
Larsen & Toubro Ltd and Boeing Company have signed a memorandum of understanding (MoU) for the joint exploration of business opportunities in India's defence sector. The signing ceremony took place at Aero India 2007 here. ... More

BUSINESS MODELS
Apollo Sindhoori's gambit to expand volumes
Want to do some business sitting at home? Try your hand at stock broking, says Apollo Sindhoori Capital Investments Ltd, a corporate stock and commodity broking house. All it takes is a computer, telephone and a V-Sat to set up a broking ... More

OUTLOOK
Pfizer may outsource application maintenance
Pharma major Pfizer proposes to move the maintenance of some 2,000 applications to India this year, said Mr Jonathan White, Senior Vice-President, Worldwide Technology and Business Innovation. Speaking on the sidelines of the Nasscom Leadership ... More

PEOPLE
Bogun new SkodaIndia sales MD
SkodaIndia, a fully owned subsidiary of {Scaron}kodaAuto a.s., on Thursday announced the appointment of Mr Karsten Bogun, who will take charge as Managing Director responsible for sales and all commercial matters. Mr ... More

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