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CORPORATE
OUTLOOK:
Tata Motors to start open sales of Nano
Tata Motors is starting open sales of its people's car, the Nano, following the wrapping-up of deliveries to ...
PREFERENTIAL ALLOTMENTS:
IVRCL Assets preferential shares to Ascent India Fund
IVRCL Assets & Holdings Ltd has informed the exchange that the board of directors today approved the convening of an extra-ordinary general meeting of the shareholders for the purpose of issue of equity shares on a preferential basis of ...
PERFORMANCE:
SAIL Rourkela's output up 2%
In the first half of the current fiscal, SAIL's Rourkela Steel Plant produced 0.98 million tonnes (mt) of saleable steel recording two per cent growth over the same period of last year and 1.049 mt of crude steel, according to a SAIL ...
OUTLOOK:
BP yet to decide on exiting Vietnam gas project
Transfer of assets to affiliate co a possibility, says CEO. BP's new CEO, Mr Robert Dudley, said that his company is yet to decide on exiting the Nam Con Son gas project in Vietnam. Mr Dudley was visiting India after succeeding Mr Tony Hayward ...
ALLIANCES & JOINT VENTURES:
GMDC to sell 5 lakh tonnes of bauxite to Vedanta
Cost of transporting medium-grade bauxite to Orissa may be prohibitive. The Gujarat Mineral Development Corporation Ltd (GMDC) has signed an agreement with the Mr Anil Agarwal-promoted Vedanta Resources for sale of 5.07 lakh tonnes of ...
NEW PROJECTS:
Second unit at Barmer fuels JSW Energy stock
Capacity addition may not lead to superior margins. The stock of JSW Energy ended the day with a 5.6 per cent gain after the company announced the commencement of commercial operations of the second unit (135 MW) at ...
RESTRUCTURING:
Manipal rejigs hospital arm; creates assets firm
Kotak PE invests Rs 110 crore. The Manipal Education and Medical Group (MEMG) has bifurcated its hospitals arm into a pure-play healthcare service and an ...
MERGERS & ACQUISITIONS:
Ashok Minda Group completes Aksys buy
Auto component maker Ashok Minda Group said on Tuesday that it has completed the acquisition of specialist composite moulding manufacturer Aksys Koengen ...
NEW PROJECTS:
Expansion project: CPI (M) blames RINL for cost, time overruns
The district unit of the CPI (M) has severely criticised the management of the Rashtriya Ispat Nigam Ltd (RINL), the Visakhapatnam Steel Plant here, for the cost and time overrun in the implementation of project to expand the capacity of ...
PEOPLE:
BMW launches financial services arm
German luxury carmaker BMW announced on Tuesday the launch of its financial services arm in India and the appointment Mr Sanjiv Shah as its Managing Director and Chief ...
OUTLOOK:
Shriram Group to spend Rs 160 cr for coke capacity expansion
Chennai-based Shriram Group is increasing its metallurgical coke manufacturing capacity along with new power generation plants in Orissa and West Bengal at the cost of Rs ...
ALLIANCES & JOINT VENTURES:
Dr Reddy's ties up with Israeli co
Israel-based pharma company, SoluBest, has entered into collaboration with Dr Reddy's Laboratories Ltd to develop a technological platform for solving the problem of drug insolubility. According to the agreement, “a new, ...
PEOPLE:
India Yamaha Motor to get new CEO
India Yamaha Motor Ltd (IYML) announced on Tuesday that its current CEO and MD, Mr Yukimine Tsuji, would resign from his post in November and move back to the parent company in Japan. He will be replaced by Mr H Suzuki. Mr Tsuji joined IYML ...
OVERSEAS INVESTMENTS:
Strand Life Sciences opens US unit
Bioinformatics company Strand Life Sciences said it has opened a subsidiary in the US to commercialise its scientific intelligence solutions around the world. Strand Scientific Intelligence Inc is based in the San Francisco Bay area and ...
OUTLOOK:
Bajaj Auto likely to hike prices
Bajaj Auto may hike prices of its two and three-wheeler range. “Input costs have gone up, and a one to two per cent hike is likely,” said Mr Milind Bade, General Manager, Marketing. The company had increased prices by two per ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
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