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CORPORATE
NEW PROJECTS:
We may pull out of Singur if protests continue: Ratan Tata
‘We do not want to be where we are unwanted’. Kolkata, Aug. 22 Mr Ratan Tata, Chairman of the Tata Group of companies, made it clear here on Friday that Tata Motors would not hesitate to pull out of Singur, the location of the Rs 1 ...
NEW PROJECTS:
Nano suppliers also to pull out if Tatas shift from Singur
Construction apace on plants at suppliers’ park. Kolkata/New Delhi/Chennai, Aug. 22 About 20 of the 56 suppliers for Tata Motors’ Nano, who have been allotted land at Singur, have started construction of their plants at the ...
NEW PROJECTS:
Singur plant project will continue, says Bengal Industry Minister
Kolkata/Chennai, Aug. 22 The impasse will be contained and the project at Singur plant will continue, Mr Nirupam Sen, West Bengal Industry Minister, said on the sidelines of a meeting with various Chambers of Commerce here on Friday. “I ...
DIVERSIFICATION:
Lanco Infratech to foray into solar sector
Looking for location to set up manufacturing unit. Hyderabad, Aug. 22 Lanco Infratech is set to foray into solar modules’ manufacturing and solar power generation with significant investments. A special purpose vehicle is being formed ...
OVERSEAS INVESTMENTS:
Kanan Devan plans tea operations in Ethiopia
Tata Tea pursues foreign investment opportunities. Kolkata, Aug. 22 Kanan Devan Hills Plantation Company Pvt Ltd (KDHP), in which Tata Tea Ltd (TTL) holds 20 per cent equity stake, is looking for opportunities in Ethiopia. This follows ...
PERFORMANCE:
ITC’s ‘holy smoke’ biz adds to the bottomline
Chennai, Aug 22 If there is a product that requires lighting up, ITC will make it — cigarettes, of course, but also agarbattis and candles. ...
REGULATORY BODIES & RULINGS:
FIPB rejects Forum Synergies’ proposal
Accepting investment from Mauritius offshore fund. New Delhi, Aug. 22 The Foreign Investment Promotion Board (FIPB) has rejected a proposal by the newly-established Forum Synergies (India) PE Fund Managers. ...
REGULATORY BODIES & RULINGS:
Competition Commission to have chairperson, 6 members soon
Lawyers, economists, financial analysts to be appointed. Chennai, Aug. 22 The Competition Commission regulations are yet to be implemented because of certain glitches, according to the Director-General of Competition Commission of India ...
MERGERS & ACQUISITIONS:
Star may buy stake in Asianet; launches Bengali channel
New Delhi, Aug. 22 Star India is looking to buy a stake in Asianet Entertainment and add a Malayalam and Kannada channel to its bouquet. It announced the launch of its Bengali general entertainment channel, Star Jolsha, on Friday. ...
ALLIANCES & JOINT VENTURES:
Hind Latex signs pacts with IL&FS, NNE Pharmaplan
New Delhi, Aug. 22 Hindustan Latex (HLL), a mini-ratna Company under the Ministry of Health and Family Welfare, has signed a memorandum of understanding with Infrastructure Leasing and Financial Services (IL&FS) and NNE Pharmaplan for the ...
OUTLOOK:
BHPV to be made a centre for industrial boiler manufacture
Bharat Heavy Plate and Vessels Ltd (BHPV), merged into BHEL (Bharat Heavy Electrical Ltd) and made a subsidiary earlier this year, will be made into a major unit for manufacture of industrial boilers and the parent company will extend the ...
NEW PROJECTS:
New Indica to be launched today
Mumbai, Aug. 22 Tata Motors’ much awaited new Indica which is christened Indica Vista will be launched on Saturday. ...
COURTS/LEGAL ISSUES:
Labour court ‘can’t interfere’ if misconduct charge is proved: HC
Chennai, Aug. 22 When a charge of misconduct of a workman was found to be proved, the award of the Labour Court granting relief of his reinstatement with 75 per cent back wages was not permissible, the Madras High Court has ...
ALLIANCES & JOINT VENTURES:
GE Healthcare signs MoU with Gujarat Govt
The London based $17 billion General Electric Healthcare and the Government of Gujarat signed a memorandum of understanding to set up diagnostic imaging facilities in five medical collage and hospitals of Gujarat. GE will invest Rs 35 crore to ...
TRADE & LABOUR UNIONS:
Partial lockout declared at Pricol unit
Coimbatore, Aug. 22 A partial lockout has been declared in plant I of Pricol Ltd, located at Perianaickenpalayam near Coimbatore, since Thursday evening following alleged violence by a section of ...
ALLIANCES & JOINT VENTURES:
Eicher, AB Volvo venture finalised
New Delhi, Aug. 22 Eicher Motors Ltd and AB Volvo (Volvo) finalised their joint venture deal with the closing of definite agreements that were signed between the two on May 26. ...
NEW PROJECTS:
Projects worth Rs 30,000 cr cleared in Karnataka
Bangalore, Aug. 22 A Rs 6,151-crore steel plant proposal of Bharat Mining and Minerals-ISPAT Ltd at Hospet and two SEZs near Bangalore are among the 25 mega project proposals that have been cleared by Karnataka’s High-Level Clearance ...
NEW BUSINESS:
BSEL gets Malaysia contract
Mumbai-based BSEL Infrastructure Realty will develop a high-rise residential apartment complex in Malaysia. The company has been awarded a nine-storey waterfront shopping mall on 4.63 lakh sq ft of property for Rs 87 crore by the Iskandar ...
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