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Tuesday, February 01, 2011
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NEW PROJECTS: Posco's Orissa projects get conditional green nod
Giving 2% of net profits every year to CSR among 60 new riders. Posco's $12-billion project in Orissa received conditional clearance from the Ministry of Environment and Forests on Monday. The provisional nod comes nearly six years after the ...

NEW PROJECTS: More assurances sought for land to Posco
Posco will have to wait for some time before it gets the land required for construction of the ...

OPEN OFFERS: Siemens jumps after open offer at Rs 930/share
German parent stake to go up 75%. Siemens Ltd share price zoomed after its German parent – Siemens AG – on Monday made a voluntary open offer to acquire 6.68 crore shares or 19.82 per cent at a price of Rs 930 a share (payable in ...

INTERVIEW: Getting project clearances, a real concern: Kumar Mangalam Birla
After formally announcing the acquisition of the US-based Columbian Chemicals Company for $875 million by two overseas group companies of the AV Birla Group, the Chairman, Mr Kumar Mangalam Birla, spoke to Business Line about the acquisition ...

OVERSEAS INVESTMENTS: Most Indian firms in Egypt continue normal operations
Most of the 300-odd Indian companies, having joint ventures or wholly-owned subsidiaries or offices in Egypt, have been continuing normal operations. On the seventh day of the unrest in the North African country, officials of several ...

SOCIETY & DEVELOPMENT: Google offers $5-m support to Bharti's education project
Google on Monday announced a $5-million support to upgrade and support 50 elementary schools run by the Bharti Foundation — the philanthropic arm of ...

NEW PROJECTS: ITC to invest Rs 3,000-cr on greenfield plant in AP
Diversified conglomerate ITC Ltd is looking to acquire 1,000 acres of land to set up a mega Greenfield paper and paperboards factory adjacent to its existing one in Sarapaka village, Khammam, Andhra Pradesh. While the State Government gave ...

IPR: Dr Reddy's to cash in on Generic Allegra launch
Sanofi's switch to OTC version adds twist. With the decks cleared for Dr Reddy's to launch the generic version of Sanofi-Aventis' anti-allergy drug Allegra D24, it opens up a sizeable opportunity for the company and could lift its ...

MERGERS & ACQUISITIONS: Korea's Doosan buys Chennai unit of power co AE&E
South Korean engineering major Doosan has just completed the acquisition of the Chennai works of Austrian power company AE&E, it is ...

COURTS/LEGAL ISSUES: Idea moves Tribunal for 3G spectrum allocation in Punjab
Idea Cellular has filed an appeal with the Telecom Dispute Settlement Appellate Tribunal seeking directions to the Department of Telecom to allocate spectrum for third generation (3G) mobile services ...

NEW BUSINESS: Lots Shipping bags ro-ro contract; to set sail Kochi operations in mid-Feb
The Kochi-based Lots Shipping, which bagged the contract for ro-ro operations between Willingdon Island and Bolghatty, is all set to commence its operations by ...

MERGERS & ACQUISITIONS: Salarpuria Sattva buys 2 cos in aerospace sector
Sees scope for design, development of military products. Real estate developer Salarpuria Sattva has acquired two Bangalore-based companies in the aerospace sector — Aero Accessories and Systems Private Ltd (AASPL) and VXL ...

PEOPLE: ONGC, IOC appoint interim heads
Subsequent to the retirement of the Chiefs of the country's two mammoth public sector oil companies, ONGC and Indian Oil Corporation (IOC), Mr A.K. Hazarika, and Mr S.V. Narasimhan, have been respectively appointed for an ...

DIVERSIFICATION: SKS Logistics diversifying into ship repair business; buys second-hand floating dry dock
The Mumbai-based SKS Logistics Ltd is diversifying into ship ...

ALLIANCES & JOINT VENTURES: Swansea University partners Tata Steel for affordable solar energy
Tech will have application worldwide, including off-grid remote regions. Imagine a home whose four outer walls and roof are capable of capturing, storing and eventually releasing all the energy you need to meet your household needs with the ...

NEW PROJECTS: Mineral Enterprises plans steel plants in Karnataka
Mineral Enterprises Ltd (MEL) plans to set up one steel plant each in Chitradurga and ...

NEW PROJECTS: Celebi Holdings to invest $100 m in ground handling biz
Turkish business group Celebi Holdings plans to invest $100 million in its airport ground handling business in India over the next ...

AWARDS & HONOURS: Vivanta by Taj-Kumarakom in Trip Advisor's Top 25 hotels
TripAdvisor Travelers Choice Awards 2011 has selected Vivanta by Taj-Kumarkom, Kerala, as one among the Top 25 hotels in India – a prestigious category that recognises the best hotels in the country basis a variety ...

ALLIANCES & JOINT VENTURES: Medfort partners UAE hospital
Medfort Hospitals, a healthcare services provider, has announced a joint venture with Ras Al Khaimah Hospital, UAE, for setting up a centre for excellence for ...

PERFORMANCE: Bajaj Auto's exports cross 1 million
Bajaj Auto Ltd announced today that exports of its vehicles during the current year have crossed one million units. The company's international business has clocked a growth of 35 per cent in volume terms ...

NEW PROJECTS: Water, power units commissioned at Vizag Steel Plant
The water supply unit, along with the power supply station for the new wire rod mill, were commissioned on Sunday at Visakhapatnam Steel Plant, according to a ...

COURTS/LEGAL ISSUES: Dr Reddy's gets US court nod to sell allergy drug
The District Court of New Jersey, US has cleared way for pharma major Dr. Reddy's Laboratories Ltd to sell its generic product version of Allegra D 24 tablets ...

NEW BUSINESS: GE to supply gas turbines for 450-MW project
GE Energy announced on Monday that it has bagged an order to supply gas turbines to private firm Sravanthi Energy for a 450-MW power project at Kashipur in Uttarakhand. The company, however, did not give any ...

Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna

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In Focus
Ban on iron ore exports

Who is hiring?


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Doubling exports ‘ambitious but achievable', says FIEO chief

Record domestic cotton prices lower than global rates

VVIP charter flights: Air India may get Rs 800 cr allocation

Net interest income pushes Canara Bank net to record

Swansea University partners Tata Steel for affordable solar energy

Looking back
Jan. 23-Jan. 29
Wilbur Ross' IAC keen on building India auto footprint

All clear for Hero and Honda to part ways

Refiners defer Q3 results in hope of compensation package

Sesa Goa expects reprieve from iron ore export ban

Hindujas see big potential in India growth story

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