CORPORATE
RESEARCH & DEVELOPMENT
Pearl Organics to set up R&D centre at Navi Mumbai
BULK drug company Pearl Organics Ltd plans to set up a research and development centre (R&D) at Navi Mumbai at an estimated project cost of Rs five crore. The first phase of the plant is expected to become operational by October this year, ...
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ANNOUNCEMENTS
Igarashi Motors bags orders from global cos; eyes $100 m in 5 years
The promoter company, Igarashi Electric of Japan, has decided to "expand" the scope of the design centre at Igarashi Motors.
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IndianOil Tanking open offer for S&L
INDIANOIL Tanking Ltd on Tuesday made an open offer to buy out 20 per cent share capital of Stewarts & Lloyds of India Ltd at Rs 33 per share. The company had yesterday announced that it has bought 54.90 per cent stake in S&L, held by the Tat
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Peopleone to expand overseas operations
HR consulting firm Peopleone is looking at expanding its operations overseas. Having commenced its consultancy services in West Asia, the company is now keen to open office in the other SAARC countries and Egypt. "It is early days yet. But we ...
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MERGERS & ACQUISITIONS
Grasim gets bullish on cement — L&T hands over UltraTech management
NOT content with acquiring majority stake in UltraTech CemCo from Larsen & Toubro at a total cost of Rs 2,200 crore, Grasim Industries appears to still have reserves of appetite for cement. "We are looking at more aggressive investments in the .
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Sun Pharma mulling merger of Phlox with itself
THE Mumbai-based drug major Sun Pharmaceutical Industries Ltd said on Tuesday that it was considering merging with itself the Vadodara-based Phlox Pharmaceuticals Ltd. Phlox is an unlisted bulk drug manufacturing company, set up by an ...
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ALLIANCES & JOINT VENTURES
Metro Cash & Carry to source food products from Punjab
Metro Cash & Carry already sources various other goods worth 48 million euros (around Rs 280 crore) from different centres in India for its international operations.
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SICK UNITS
Paswan commits Rs 40 cr for SAIL Durgapur plant
THE Union Steel Minister, Mr Ram Vilas Paswan, has assured Rs 40 crore of fresh investment for the ailing Durgapur-based Alloy Steel Plant (ASP) of Steel Authority of India Ltd (SAIL). According to a press release issued by ASP, the plant hopes ...
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