CORPORATE
ANNOUNCEMENTS
IVRCL bags orders worth Rs 228 cr
IVRCL Infrastructures & Projects Ltd has bagged work orders to the tune of Rs 228 crore during the past three months. The works awarded to the company included the Rs 132.8-crore Sujlam-Suflam Drinking Water Supply Scheme in Ahmedabad district .
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NPIL gets India rights for Dobutrex
DRUG major Nicholas Piramal India Ltd (NPIL) has acquired the India rights for cardiac stimulant brand Dobutrex, from Eli Lily & Company of the US. Though financial details of the acquisition remain undisclosed, NPIL officials told Business ...
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CORPORATE DISPUTES
`Will' spat excites South Point kids
SOUTH Point High School may be miles away from Birla Buildings, but that is not stopping its students - or their parents - from talking feverishly about the ongoing spat between the Birlas and the Lodhas. And the reason is not far to ...
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New claimant to M.P. Birla's assets emerging
A NEW claimant to the M.P. Birla group's assets emerged on Tuesday with Ms Gita Sanghi (based in Indore), daughter of Mr Gajanan Birla, approaching a leading city-based lawyer, Mr Pramode Khaitan, on the matter. Tuesday's development opens a ...
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New judge assigned for Birla will case
The case has been assigned to the court of Mr Justice Kalyan Jyoti Sengupta.
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COMPANY LAW
Companies (Amendment) Bill — Ministry working on composition of boards
"One line of thinking is to fall back on the suggestions made by the Naresh Chandra Committee on Corporate Audit and Governance."
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FOREX
Rupee volatility spurs corporates to hedge foreign currency
THE two-way volatility in the rupee has finally spurred corporates to start hedging their foreign currency exposures. "Amounts to the tune of $250-300 million has been hedged by corporates in past three or four weeks alone. The uncovered ...
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RESTRUCTURING
Thermax ropes in McKinsey for revamp; plans China, Brazil foray
THERMAX Ltd has announced that it has roped in McKinsey for an ambitious transformation process designed to make it a competitive player in the global market place and significantly improve topline and bottomline. The company also announced ...
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NEW PROJECTS
Bharat Forge chalks out global strategy — Plans Rs 350-cr capacity expansion
KEEPING up with the globalisation strategy, Bharat Forge Ltd brought in E J Makay, a Chinese consulting firm based out of Shanghai, to conduct a study on market and interest strategy. The study, which is on for the past 10 months, is ...
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ALLIANCES & JOINT VENTURES
Rs 500-cr investment planned for BPL-Sanyo joint venture
BPL Ltd today announced creation of an equal joint venture with Japan's $22-billion Sanyo Electric Company with investments of nearly Rs 500 crore. BPL will transfer its existing colour television business undertaking, including the brand, ...
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OUTLOOK
Tata Tea keeps its options open on plantations
ALL options with reference to Tata Tea's plantations are being kept open, senior company officials said declining to specify whether that could amount to an exit from the business. "We shall have a sustainable plantation business existing ...
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PEOPLE
Anu Aga to hand over Thermax reins to daughter
THE Thermax Chairperson, Ms Anu Aga, is all set to step down and hand over charge to Ms Meher Pudumjee, her daughter. She had taken charge of the company after the demise of her husband, Rohinton Aga, a few years ago. Ms Aga, who became ...
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