CORPORATE
ANNOUNCEMENTS
Bangalore’s CADES to provide engg services for Fokker Elmo
Bangalore, March 18 Bangalore-based CADES has been chosen to provide engineering services for the Netherlands-based Fokker Elmo, a specialist in electrical interconnection systems for aircraft and aero engines. Fokker Elmo will use ...
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OVERSEAS BORROWINGS
IMPACT
Promoter selling, FCCBs drag Orchid Chemicals
Uncertainty continues
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OUTSOURCING
BMW to source engine, chassis parts from India for bikes
Munich, March 18 German luxury car and bike maker BMW AG, is looking at sourcing parts from India for engines and chassis for its high-end motorcycles. The group has already been sourcing motorcycle parts such as handle bars and die ...
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AWARDS & HONOURS
Productivity award
Diamond Roller Flour Mills Pvt Ltd at Chingavanam here has been selected for the award instituted by the National Productivity Council for productivity enhancement in the category of cereal processing industries during the 2004-05 and ...
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Productivity award
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TAXATION
e-payment of direct taxes mandatory for corporates
New Delhi, March 18 For the corporate sector in the country, electronic payment of direct taxes has become mandatory from April 1. This payment norm would also apply to tax audit assessees.Official sources said that such category of ...
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HUMAN RESOURCES
Frauds real time threat to most companies, says KPMG study
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MERGERS & ACQUISITIONS
Sabol buys bottled water plant in Hubli
The Coimbatore-based Sabol Associatess, a major player in the packaged drinking water market in Tamil Nadu, has acquired the mineral water and soda division of a beverages company BTM Beverages Pvt Ltd in Hubli, Karnataka, for Rs 2.5 ...
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NEW PROJECTS
Vesuvio Papers to set up Rs 70-cr facility in TN
Vesuvio Papers Pvt Ltd is setting up a 100-tonne-a-day speciality paper manufacturing facility in Tirunelveli with an investment of over Rs 70 crore.According to Mr V. Rajagopalan, Director, Vesuvio Papers, the company promoted by Mr P. ...
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ALLIANCES & JOINT VENTURES
Ranbaxy inks pact with CD Pharma for dental drug
New Delhi, March 18 Ranbaxy Laboratories Ltd has announced an exclusive in-licensing agreement with CD Pharma India to market the INERSAN brand in India and Nepal. The patented product, a probiotic preparation, is used for the treatment of ...
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Bhoruka Power signs PPA
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Confidence Petro, Israel co tie up
Confidence Petroleum India Ltd, a Nagpur-based LPG bottling company, has entered into a joint venture with Energtek Inc of Israel for providing pipe-less natural gas to automotive and industrial consumers. In the first phase, Confidence Petroleum ...
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Hind Latex teams up with US firm Acumen Fund
Thiruvananthapuram, March 18 Hindustan Latex Ltd (HLL), a mini ‘Ratna’ under the Union Ministry of Health and Family Welfare and leading manufacturer of condoms and other healthcare products, has formed a joint venture with Acumen ...
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Cades, Fokker Elmo join hands
Cades, a leading engineering services company, and Fokker Elmo, a specialist in electrical interconnection systems for aircraft and aircraft engines, have signed a strategic partnership agreement to provide Fokker Elmo with engineering services ...
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VENTURE CAPITAL
SAIL funds bridge over Damodar
The Union Minister for Steel, Mr Ram Vilas Paswan, on Tuesday laid the foundation stone of a new road bridge over the Damodar that will connect Burnpur in Burdwan district with Madhukonda in Purulia district of West Bengal. The ...
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OUTLOOK
Stung by failure, Pfizer unleashes Asia strategy
Plan for India may include more clinical trials and products
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RIL to submit appraisal programme for Cauvery asset soon
Helps block management panel to review discovery
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BMW Mini to drive into India in 2009
Company considering assembling BMW 7 series, X3 here
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PEOPLE
New Kinfra MD
Thiruvananthapuram: Kerala Industrial Infrastructure Development Corporation (Kinfra) has announced the appointment of Mr S. Ramnath as its Managing Director. He was most recently the Managing Director of the Kinfra Film and ...
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