CORPORATE
ANNOUNCEMENTS
Dr Reddy’s anti-fungal foray
Dr Reddy’s Laboratories Ltd has launched Ebernet (Eberconazole 1% cream) targeting Rs 100 crore topical anti-fungal market. Ebernet, which marks the Hyderabad-based company’s foray into anti-fungal segment, is indicated in the ...
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CORPORATE DISPUTES
TVS, Bajaj honchos meet at SIAM sidelines
No fondness for litigation: Rajiv Bajaj
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NEW BUSINESS
L&T bags Rs 1,205-cr order from Bhushan Steel
Mumbai, Sept. 5 Larsen & Toubro Ltd has said that its ECC Division, in consortium with Paul Wurth, Italy, has bagged a Rs 1,205-crore order from Bhushan Steel Ltd for turnkey construction of a 2.5-million tpa (mtpa) blast furnace for their ...
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Gayatri Projects gets Rs 311-cr order
Gayatri Projects Ltd has secured a new order worth Rs 311.89 crore for a road project in Orissa. The Hyderabad-based company bagged the contract for road improvement works on the Naranpur-Pandapada-Harichandanpur-Bramhanipal-Duburi stretch in the ...
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OUTSOURCING
Cera may outsource tiles production to China
Also in talks with companies in Spain, Italy
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AWARDS & HONOURS
Jubilant Organosys gets award
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TAXATION
China’s new corporate tax code to spur foreign investments
Tax rate to be cut to 25% from 33%
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RESTRUCTURING
PowerGrid may spin off telecom business
Kolkata, Sept. 5 Power Grid Corporation of India Ltd (PGCIL) may spin off its telecom business into a subsidiary in the long run. The business is expected to break even with a turnover of approximately Rs 100-120 crore in 2007-08, two years ...
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MERGERS & ACQUISITIONS
‘Consolidation good for realty sector’
Bangalore, Sept. 5 A robust economy and a bullish real estate sector have made consolidation the way forward for the real estate sector, said Mr J.C. Sharma, Managing Director, Sobha Developers. Consolidation of existing players will ...
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CORPORATE GOVERNANCE
Is there a dilution of corporate governance?
The Securities and Exchange Board of India (SEBI) has replaced the extant Clause 41 of the Listing Agreement by an entirely new Clause 41 with effect from July 1, 2007. The objective behind this has been to rationalise and simplify the process ...
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NEW PROJECTS
GAIL completes polyethylene plant at Pata
New Delhi, Sept. 5 GAIL (India) has achieved mechanical completion of its new HDPE (high density polyethylene) Plant at the petrochemical complex at Pata. The GAIL Chairman and Managing Director, Dr U.D. Choubey, formally marked the ...
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Triumph Intl manufacturing unit near Chennai
Chennai, Sept. 5 Lingerie manufacturer Triumph International is setting up its manufacturing unit at Maraimalai Nagar, near Chennai. The brand has 16 manufacturing facilities all over the world. Though the company has a presence in ...
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TRADE & LABOUR UNIONS
Bajaj’s Akurdi plant must be kept going, says Pawar
‘Partial wages to workers clause valid only in recession’
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‘Dam Dim Tea Estate management forced to declare lock-out’
Kolkata, Sept. 5 The management of Dam Dim Tea Estate in Dooars in the northern part of West Bengal was forced to declare a lock-out in the tea estate from September 4 after the Manager, three Assistant Managers and two Welfare Officers were ...
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ALLIANCES & JOINT VENTURES
UK’s Hi-Tec Sports ties up with Chogori for footwear sales
Targets 25 multi-brand stores by next year
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MRPL, Shell in product supply pact
Mangalore, Sept. 5 Mangalore Refinery and Petrochemicals Ltd (MRPL) has signed a four-year product supply agreement, extendable by another two years with Shell India Marketing Pvt Ltd. The products include all grades of MS (motor spirit) and ...
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Mukand in pact with Belgian co for steel wire venture
Mumbai, Sept 5 Mukand Ltd has signed a MoU with Belgium-based NV Bekaert SA to produce steel wires.The 50:50 joint venture, at an investment of Rs 100 crore, will come up at Lonand, near Satara, in Maharashtra.Stainless steel ...
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OUTLOOK
Sobha-Puravankara consortium bids for Dharavi project
Maharashtra Govt receives EoIs from 26 consortia
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Volkswagen developing small car for India
Launches Passat sedan in two versions
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Passat: The right product for entering India
Volkswagen’s entry into the Indian market is a case of being better late than never. For a company that was one of the first overseas entrants in the Chinese car market, and after holding a fairly dominant position in that country for ...
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Bollywood gearing up for digital revolution
Mumbai, Sept. 5 The day is not far when sitting on a comfortable couch in your drawing room, you will see Keanu Reaves somersault through the air in The Matrix the same moment audiences in the US view it for the first time on their big ...
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PEOPLE
GTC inducts new directors on its board
New Delhi, Sept. 5 GTC Industries Ltd, formerly known as Golden Tobacco Company Ltd, has announced that Mr Sanjay Dalmia and Mr Anurag Dalmia have been appointed as additional directors on the company’s board. The company has said that ...
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