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CORPORATE
NEW PROJECTS:
Singur deadlock continues, worker attendance falls below 15%
Work at the Tata Motors’ small car project site at Singur continued to be affected for the fifth day on Thursday with the attendance of contractual workers there falling below Wednesday’s level of around 15 per ...
EVENTS:
‘Iron ore, coking coal will dictate steel prices’
Tata Steel consolidated Q1 net profit up 60%. Mumbai, Aug. 28 In the immediate future, steel pries will be dictated by the level of iron ore and coking coal prices, which have risen 85 per cent and 200 per cent (respectively) in the last year, ...
OUTLOOK:
Hyundai plans export of ‘completely knocked down’ kits
Company to invest Rs 200 cr in new press shop. Chennai, Aug. 28 Hyundai Motor India Ltd, the country’s largest exporter of passenger cars, now plans to export vehicle kits in ‘completely knocked down’ condition. ...
OUTLOOK:
NTPC’s investment powers nearing the limit
May hit PSU’s participation in competitive bidding. NTPC, the country’s largest power generator, is close to hitting the limit of its powers to make investments autonomously. ...
SOCIETY & DEVELOPMENT:
Making diversity work
There’s a lot to profit from a workplace that is inclusive. A look at some of the people who are making this happen in a special way.. Tell me a job that you can do without using computers, I shall give that to you,” said a recruiter ...
TRADE & LABOUR UNIONS:
Bid to lift lockout at Kerala Apollo Tyres unit
Another meeting will be held at Kochi on Aug 31. Kochi, Aug. 28 In a bid to lift the lockout and resume production at the Perambra unit of Apollo Tyres near here, discussions were held on Wednesday between the representatives of the management ...
OUTLOOK:
Shriram Properties eyeing mall development, hospitality projects
Unveils new corporate identity. Bangalore, Aug. 28 Shriram Properties Pvt Ltd, which has 73 million sq ft of projects lined up across the country, will soon set up separate subsidiaries for foraying into mall development and hospitality ...
OUTLOOK:
‘Cipla has a professional team in place’
Lines up Rs 2,000-cr investments. Mumbai, Aug. 28 Cipla is in strong hands with a professional management and is not dependant on individuals, the Chairman and Managing Director, Dr Y.K. Hamied, told shareholders, responding to a query on the ...
NEW PROJECTS:
General Motors setting up engine plant in Pune
$200-m facility to have annual capacity of 1,60,000. Mumbai, Aug. 28 General Motors India is setting up an engine plant in Talegaon, Pune, near its car plant. ...
MERGERS & ACQUISITIONS:
Aditya Birla Nuvo to acquire 56% in Apollo Sindhoori
Co to pay Rs 64 a share for the stake. Mumbai, Aug. 28 The Aditya Birla Group on Thursday announced its re-entry into the stock broking business by picking up a 56-per cent stake in the Chennai-based Apollo Sindhoori Capital Investments Ltd ...
AWARDS & HONOURS:
Maytas Infra gets WEF membership
Maytas Infra Ltd, the Hyderabad-based infrastructure company backed by the promoters of Satyam Computer Services, has joined the exclusive club of World Economic Forum. “We have been given membership in Global Growth Company (GCC) of WEF. ...
AWARDS & HONOURS:
BEL chief bags award
Mr V.V.R.Sastry, Chairman and Managing Director of Bharat Electronics Ltd, has won the ELCINA-Dun & Bradstreet Electronics Man of the Year Award for 2007-08. The award given by the Electronics Industries Association of India recognises ...
OUTLOOK:
MRF seeks Govt support for aviation tyres
Launches Aero Muscle tyres. Chennai, Aug. 28 MRF Tyres, whose in-house developed helicopter tyres are awaiting the approval of the Ministry of Defence, expects Government to provide “financial assistance”, Mr Koshy K. Varghese, ...
OUTLOOK:
Putzmeister lines up Rs 500-cr investment in India operations
Plans export of concrete pump machines. Hyderabad, Aug. 28 Putzmeister Concrete Machines Pvt Ltd, a wholly owned subsidiary of the $1.5-billion German concrete pumps major Putzmeister GmbH, has committed a total investment of Rs 500 crore in ...
OUTLOOK:
JWT India to focus on Hyderabad
NEW PROJECTS:
Dorset Kaba to invest Rs 150 cr in Haridwar facility
Bringing out new variants of locks. Hyderabad, Aug. 28 Dorset Kaba Security Systems Pvt Ltd, an Indo-Swiss joint venture company that offers mechanical and mechatronic locks, is looking at investing Rs 150 crore for the expansion of its ...
NEW PROJECTS:
Banks in Singur region faring well
Kolkata, Aug. 28 Banks are doing good business both in terms of deposits and advances in the Singur region, senior bank officials told Business ...
NEW PROJECTS:
Ispat plans power plant at Dolvi complex
Kolkata, Aug. 28 Ispat Industries Ltd has lined up fresh investments as part of its strategy veering round ensuring raw materials security, enhancing productivity and improving process ...
SHAREHOLDER ACTIVISM:
Greenpeace activists turn shareholders
Mumbai, Aug. 28 About 10 Greenpeace activists were at the annual general meeting to express their concerns as ...
COMPANY LAW:
Cabinet to consider new simplified company law
New Delhi, Aug. 28 The much-awaited Bill to replace the existing Companies Act, 1956 is expected to be taken up by the Union Cabinet for approval at its meeting slated for Friday. ...
MERGERS & ACQUISITIONS:
Marksans eyes acquisitions in US
Mumbai, Aug. 28 With three overseas acquisitions in three years across in Australia and the UK, drug-maker Marksans Pharma Ltd seems to have an appetite for more. The Mumbai-based drug company is scouting for a generic pharmaceutical company ...
NEW PROJECTS:
Siemens opens Aurangabad transformer plant
Mumbai, Aug. 28 Infrastructure and industry solutions provider Siemens Ltd on Thursday commissioned its Rs 25-crore high-voltage instrument transformer factory at Aurangabad, which is its ninth manufacturing facility in ...
OUTLOOK:
Hero Electric to set up 2,000 recharging stations
New Delhi, Aug. 28 Hero Electric on Thursday said that it would be rapidly expanding the infrastructure for electric vehicles by setting up recharging stations, thereby augmenting the demand for such bikes. ...
NEW PROJECTS:
Rajathi Group targets tier 2-3 cities for expansion
Chennai, Aug. 28 Chennai-based Rajathi Group is planning to take its hotel brand — Breeze — to other cities. This would cost around Rs 750 crore in three phases beginning early next year. The company has roped in Deloitte ...
HUMAN RESOURCES:
ONGC e-learning initiative
Mumbai: ONGC launched a new initiative, eAcademy, to provide its employees an opportunity for self development through e-learning. The e-learning will be provided by Bangalore-based talent management company 24x7 Learning, ...
MERGERS & ACQUISITIONS:
Acquisition values Apollo at premium
Near term upside may be limited for stock. Aditya Birla Nuvo’s acquisition of a 56 per cent equity stake in small-sized broking firm - Apollo Sindhoori Capital Investments, may be a long-term positive for the latter, ...
NEW PROJECTS:
Financial closure for Indian Energy unit
NRI-promoted Indian Energy Ltd, which is incorporated and registered in Guernsey, UK, through its group company Belgaum Wind Farms Private Ltd has achieved financial closure of its 24.8 MW Wind Farm at Gadag District in Karnataka. The project has ...
ALLIANCES & JOINT VENTURES:
PTC unit to have stake in TN project
PTC India Financial Services Ltd, a subsidiary of power trading major PTC India Ltd, has entered into an agreement for picking up a minority stake in a 189-MW project coming up in Tamil Nadu. Under the pact, PTC India Financial Services will ...
RESTRUCTURING:
PVP Ventures unit sells property
PVP Ventures’ subsidiary AGS Hotels & Resorts Pvt Ltd has sold its Hotel Ooty Villa Park to Mahindra Holiday and Resorts India, as a going concern, for a consideration of Rs 33 crore. Officials in PVP Ventures, the Hyderabad-based ...
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