CORPORATE
NEW BUSINESS
Degremont bags Rs 490-cr orders
In the backdrop of the French President’s visit to India, Degremont, a subsidiary of Suez Environment, has signed a contract with Mumbai authorities for a drinking water treatment plant for Rs 340 crore. The contract is being financed 30 ...
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MERGERS & ACQUISITIONS
S&N’s buyout brews trouble for UB
The acquisition may trigger open offer, say analysts
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Matrix completes MChem buy
Hyderabad, Jan. 25 Matrix Laboratories Ltd has completed the acquisition of residual share of the promoter of MChem Group of companies, China. Through its subsidiary the Hyderabad-based company had earlier executed definitive agreements ...
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NEW PROJECTS
Nissan Copper completes Gujarat plant expansion
Mumbai, Jan. 25 Nissan Copper Ltd, a copper pipe manufacturer, has completed expansion of 600 tonnes per annum at its Umbergaon plant in Gujarat. “It will be fully operational by next week. The total capacity in the plant will go ...
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Rane Engine opens Rs 35.5-cr manufacturing unit near Tiruchi
Tiruchi, Jan. 25 Rane group company Rane Engine Valves Ltd (REVL) has an opportunity to treble its turnover by supplying engine valves to Volkswagen, according to the Corporate Executive Director of Volkswagen, Germany, Mr Alexander M. Seitz. ...
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JSW Steel to begin work on Salboni unit in March
PM likely to lay foundation stone for the greenfield plant
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ALLIANCES & JOINT VENTURES
Nicholas Piramal signs research pact with French co
Nicholas Piramal India Ltd (NPIL) has signed a research agreement with France’s Pierre Fabre Laboratories in the field of oncology. This was part of the framework of agreements formalised during the visit of French President Mr Nicolas ...
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OUTLOOK
The Bombay Store on expansion mode
Pune, Jan. 25 The Bombay Store, the gift and home retail chain, is on an expansion mode with plans for opening outlets in the South and the West as also an increased presence on its e-commerce portal.Talking to Business ...
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‘Wockhardt Hospitals IPO on as of now’
Kolkata, Jan. 25 The fluctuations in the share markets notwithstanding, the initial public offering (IPO) of Wockhardt Hospitals Ltd will open as scheduled on January 31 “as of now”. The company management, however, has not ...
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Big Bazaar evaluating funding options for expansion
Hypermarket format to be hived off; to focus more on in-house labels
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ONGC to review CBM development strategy
Kolkata, Jan. 25 ONGC is exploring the scope of further modification in its Coal Bed Methane(CBM) development strategy. The State-run upstream energy major, which is currently implementing $200 million turnkey exploration and ...
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