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CORPORATE
INTERVIEW:
‘I’ve never seen such a positive environment for renewable energy’
All energy is politically driven and politically regulated, says Vestas President & CEO. It has been a long day for Mr Ditlev Engel, President & CEO of leading wind turbine maker Vestas. He has been accompanying financial analysts to ...
OUTLOOK:
US woes not to hit Indian vendors, says GM
Rollout of three new cars planned in 2009. Bangalore, Dec. 5 General Motors, which plans to source $1 billion worth of auto parts from India, has said that the current crisis in North America will not affect ...
OUTLOOK:
Toyota’s Corolla Altis, Innova to cost more
Rising input costs, falling rupee. Mumbai, Dec. 5 Toyota Kirloskar Motor (TKM) plans to hike the on-road prices of Corolla Altis and Innova by Rs 20,000 to Rs 30,000 next month. This translates into a nearly 3 per ...
NEW PROJECTS:
Coal India suggests minor relocation of Durgapur Aerotropolis project
Existing location has good quality low-ash coal reserves. Kolkata, Dec. 5 Coal India Ltd has proposed minor relocation of the proposed $2.5-billion Durgapur Aerotropolis project by 15 km south from its existing location to ensure extraction of ...
COURTS/LEGAL ISSUES:
Tata Motors counsel’s arguments
Counsel for Tata Motors Ltd (TML) resumed arguments on Friday on why the provisions of the Right to Information Act 2005 cannot be accepted. The company has filed a writ petition in Calcutta High Court challenging the Vires of the Act. Tata ...
REGULATORY BODIES & RULINGS:
Aurobindo Pharma gets USFDA nod
Aurobindo Pharma Ltd has received tentative approval from the US Food and Drug Administration for Perindopril Erbumine tablets and Escitalopram Oxalate oral solution. The tablets and oral solution are indicated for the treatment of ...
ANNOUNCEMENTS:
Temporary shutdown at Bosch plant
India’s largest auto parts maker, Bosch Ltd has informed the Bombay Stock Exchange that to adjust production to meet the demand for products and to avoid unnecessary inventory build-up, it is closing down temporarily select ...
COURTS/LEGAL ISSUES:
Vodafone, Hutchison Tele transfer relates to assets in India, says HC
The subject matter of transfer as contracted between Vodafone International and Hutchison Telecom International is not actually the shares of a Cayman Islands company but the assets situated in India, a Division Bench of the Bombay High ...
OUTLOOK:
EWDPL eyes cash-strapped cos to fuel growth
New Delhi, Dec. 5 Mall developer Entertainment World Developers (EWDPL) has said its capex is on track despite the slowdown in the ...
COURTS/LEGAL ISSUES:
Who’ll shell out the tax?
The recent Bombay High Court’s judgment in Vodafone Essar might have vindicated the unexceptionable stand of the income-tax administration that is founded on the correct understanding of the law as laid down in Section 9(1)(i) of ...
ALLIANCES & JOINT VENTURES:
NTPC-Nuclear Power Corpn venture to be in place by Jan
New Delhi, Dec. 5 Power major National Thermal Power Corporation’s (NTPC) plan to get into the nuclear generation business, through a joint venture with State-owned atomic energy monopoly Nuclear Power Corporation of India Ltd (NPCIL), ...
NEW PROJECTS:
Indian Oil commissions first LPG pipeline
New Delhi, Dec. 5 Indian Oil Corporation Ltd. (Indian Oil) has completed the commissioning of its first cross-country liquefied petroleum gas (LPG) pipeline in North India, between Panipat and ...
NEW PROJECTS:
Suprajit sets up export oriented unit in Bangalore
Bangalore, Dec. 5 Suprajit Engineering has set up a 100 per cent export-oriented non-automotive cable manufacturing unit here at a cost of Rs 7 crore. The unit is part of the company’s long-term plan to reduce risk of dependence on ...
MERGERS & ACQUISITIONS:
Indo Tech Transformers sells out to Prolec-Ge of Mexico
The Chennai-based Indo Tech Transformers Ltd today informed BSE that the promoters of the company, along with their relatives, have by a share purchase agreement decided to sell their entire shareholding to Prolec-Ge International based ...
NEW BUSINESS:
BHEL bags order from Oman for gas turbines
New Delhi, Dec. 5 State-run Bharat Heavy Electricals Ltd (BHEL) has bagged an order from Oman for supplying 126 MW gas turbine generator packages. The value of business is expected to be of the order of Rs 2,000 crore, spread over the next ...
ANNOUNCEMENTS:
Sandvik goes for 5-day week
Pune, Dec. 5 An official statement from Sandvik Asia Ltd, a company in the tooling, mining and construction and material technology segment, has stated that to adjust the workload of Pune production unit, it would reduce weekly working days ...
STANDARDS & BENCHMARKS:
ISO certification for hotel
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