CORPORATE
RESEARCH & DEVELOPMENT
Micro Labs in Rs 1,000-cr league
The Bangalore-based pharma company Micro Labs has joined the Rs 1,000-crore-turnover club, a company release here said. It plans to invest Rs 100 crore in a new facility here and also open a new R&D centre in Mumbai in July with an investment ...
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ANNOUNCEMENTS
Cummins launches new products
Cummins India Ltd unveiled three products for the domestic market at the opening of POWER-GEN 2008 exhibition here. The new products include ‘30/35 kVA low horse power’ generator sets ‘X series’, and a ‘750 kVA high ...
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Satyam Q4 numbers on April 21
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PREFERENTIAL ALLOTMENTS
ECI raises Rs 100-cr PE from Sabre
Hyderabad, April 4 ECI Engineering and Construction Company Ltd (ECI) has announced that it has raised Rs 100 crore of private equity capital through a preferential allotment to Sabre Abraaj, a fund managed by Sabre Capital.ECI, the ...
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NEW BUSINESS
Suzlon Wind gets $240-m order
Suzlon Wind Energy Corporation, a step-down subsidiary of Suzlon Energy Ltd, has got a repeat order to supply 200 MW of wind turbine capacity from Horizon Wind Energy, Texas of the US.The order is in the range of $200 million-240 ...
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MANAGEMENT
‘Indian cos forced to look at risk management’
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CREDIT RATING
‘MRPL carries lowest credit risk’
Credit rating agency ICRA has reaffirmed the issuer rating of ‘Ir AAA’ assigned to Mangalore Refinery and Petrochemicals Ltd (MRPL), certifying that MRPL carries lowest credit risk. An MRPL release said here on Friday that ICRA has ...
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DERIVATIVES MARKETS
A primer on corporate hedging
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MERGERS & ACQUISITIONS
Jubilant acquires Draxis Health
Jubilant Organosys on Friday announced that it will buy out Canada-based Draxis Health Inc by acquiring 100 per cent stake in the company by paying a 22.4 per cent premium over the last traded price of Draxis shares which is listed on the ...
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OVERSEAS INVESTMENTS
Telcon takes 60% in Spanish company
‘Acquisition will help enhance product offerings’
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Thermax China unit to go on stream in June
Pune, April 4 Thermax is setting up its first wholly-owned foreign enterprise at Zhejiang in China, and will begin manufacture of a range of absorption coolers with capacity of up to 1,500 tonnes from this greenfield facility by June. ...
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ALLIANCES & JOINT VENTURES
BHEL signs pact with Nuclear Power Corpn
Floating joint venture for nuclear power projects
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OUTLOOK
Rosemor looking for partner in India
New Delhi, April 4 Upbeat about the increasing use of escalators in airports and malls in India, UK-based Rosemor International, a manufacturer and supplier of escalator-cleaning equipment, is scouting for a joint venture partner to set up ...
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Yamaha plans slew of higher capacity bikes
Hyderabad, April 4 Yamaha Motor India has lined up a slew of launches including two more bikesin the 150 and 160 cc category later this year. The company, which now has four models in the 100 cc category, recently launched two bikes in the ...
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Nagarjuna Const sees big biz on SEZs
Hyderabad, April 4 Nagarjuna Construction Company, the Rs 2,900-crore infrastructure major, sees big business opportunities in the large number of Special Economic Zones, expected to come up in the country.Being among the few companies ...
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GAIL works out aggressive strategies for its business
New Delhi, April 4 GAIL (India) Ltd has worked out aggressive strategies for its exploration and production, petrochemical, and city gas business. Speaking to newspersons at the sidelines of a press conference to announce the ‘Fifth Asia ...
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PERFORMANCE
Bangalore units log 14% growth in PBT
BHEL’s Bangalore-based units, the Electronics Division, Industrial Systems Group and Electroporcelains Division, have recorded 14 per cent growth year-on-year in profit before tax at Rs 429 crore for the year 2007-08. Sales ...
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Hindustan Newsprint’s new output record
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BHEL Tiruchi posts 70% rise in profit before tax
To increase production capacity at an investment of Rs 732 cr
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BPCL Kochi refines 8.2 mt crude
BPCL Kochi Refinery has refined 8.2 million tonnes of crude oil during 2007-08. This is the highest crude throughput attained by the refinery in a single year, a press release issued here said. The refinery was able to commission the single point ...
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Singareni Collieries exceeds output targets for 2007-08
Profit before tax up at Rs 270 crore
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BHEL Hyderabad records 15% rise in turnover
Hyderabad, April 4 Bharat Heavy Electricals Ltd’s (BHEL) Hyderabad unit has recorded a 15 per cent increase in turnover for the financial year ended March 31, 2008 to Rs 3,321 crore against Rs 2,895 crore achieved in the fiscal ...
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Q4 boosts KMML performance
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PEOPLE
D. Sundaram is HUL Vice-Chairman
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