CORPORATE
ANNOUNCEMENTS
Ranbaxy drug gets Japan’s nod
New Delhi: Ranbaxy Laboratories has received authorisation from Ministry of Health and Labour Welfare of Japan for marketing the generic version of amlodipine tablets of 2.5mg and 5mg.Amlodipine is the first independent ...
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OVERSEAS BORROWINGS
Aarti Drugs repays FCCB
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NEW BUSINESS
Unity Infra gets Rs 221.85-cr orders
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MANPOWER
Britannia’s Chennai facility workers accept VRS offer
Bangalore/Chennai, April 9 Britannia Industries Ltd has said that most of the workers of its factory in Chennai have accepted its offer of voluntary retirement scheme. In an e-mail communication, Britannia’s spokesperson told ...
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CORPORATE BONDS
Convertible debenture as restorative
When depressed, one is advised by yoga experts to do veerabadra asana as this increases the supply of happiness hormone. Something similar is available for our bruised primary market, faith in which has been badly shaken partially ...
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RESTRUCTURING
Bajaj de-merger process completed
Pune, April 9 The process of de-merger of Bajaj Auto Ltd has been completed, and existing shareholders of the company on the record date of March 25 have been allotted an equal number of shares in the three de-merged entities namely Bajaj ...
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MERGERS & ACQUISITIONS
FIPB turns down Azorim’s proposal to transfer stake
New Delhi, April 9 Terming the proposed move as ‘treaty shopping’, the Foreign Investment Promotion Board (FIPB) recently rejected a proposal of Israel-based Azorim International to transfer its holding in joint venture company ...
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NEW PROJECTS
Anand group to set up 4 greenfield facilities in Chennai
Chennai, April 9 Anand group, the $640 million automotive components and systems major, is looking at setting up at least four new greenfield facilities in Chennai to support the requirements of its prospective customers. The Delhi ...
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IREDA, PTC in ‘green’ pact
Indian Renewable Energy Development Agency Ltd. (IREDA), PTC India Ltd and PTC India Financial Services Ltd have entered into a memorandum of understanding to provide services for both fee-based and fund-based activities involving renewable ...
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ALLIANCES & JOINT VENTURES
OVL signs jt venture agreement with Venezuelan company
To take 40% stake in San Cristobal oilfield
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Ascendas India ties up with realty investor IREO
Joint venture for development of integrated project
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VENTURE CAPITAL
PE invests in Kalyani group’s wind energy co
Pune April 9 The $2.1-billion Kalyani Group, a player in the auto component sector, has announced that First Reserve Corporation, an energy-focused private equity firm, has invested in Kenersys, the newly-formed integrated wind energy company ...
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DIVERSIFICATION
A diversified entity
Anand Engineering began making power plant equipment but has since forayed into other sectors too.
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Everonn Systems forays into book publishing
Launches new book on managing investments
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OUTLOOK
Toyota contacting vendors for small car
Senior official coming to discuss strategy
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Vishal Retail looking to offload stake to fund expansion
Targets Tier-2, 3 cities; sets up academy to train manpower
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Ajmera Group looks overseas to rake in revenues
Mumbai, April 9 While India appears to be a one-stop destination for global realty companies, Mumbai-based Ajmera Group is looking West to rake in revenues.The group, said to possess the third largest land bank in Mumbai, has formed a ...
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Building luxury
Irizar-TVS builds luxury coaches that find their way to many countries.
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GB Engineering in innovation mode
The company now concentrates on sustained improvement, product diversification and process development.
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BPCL betting big on revenues from non-petroleum biz
Mumbai, April 9 In view of rising under-recoveries, Bharat Petroleum Corporation Ltd is keen to expand its non-petroleum businesses. From the current turnover of Rs 550 crore, it plans to touch Rs 1,500 crore by 2011.BPCL is also ...
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Citi Property to invest $160 m in 4 SEZs
Citi Property Investors (CPI), the real estate investment arm of the Citigroup, is learnt to be investing about $160 million in four SEZ projects of real estate firm BPTP Group. The move comes within weeks of the BPTP Group clinching 95 ...
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SAIL may need to pay more for coking coal; BCCL pushing for 40% price hike
Kolkata, April 9Steel Authority of India Lt may have to cough up higher prices for its domestic coking coal procurement. Bharat Coking Coal Ltd (BCCL), which caters to approximately 12 per cent of SAIL’s total requirement, is now pushing ...
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Prestige plans resort hotel with Marriott tie-up
Bangalore, April 9 The Prestige Group, leading property developers, will be setting up a luxury resort hotel here in association with Marriott International at a cost of Rs 800 crore. The 300-room property, with a golf course and ultra ...
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PEOPLE
Arun Maira gets new role in BCG
The Boston Consulting Group today announced that Mr Arun Maira has become the Senior Advisor of Boston Consulting Group (BCG). Mr Arun Maira, who joined BCG in 2000 as Chairman of the India Practice to help establish BCG and develop an Indian ...
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