CORPORATE
ANNOUNCEMENTS
Dr Reddy's alters business strategy for US — To focus on specialty segments
FOLLOWING the adverse ruling of the US courts in the patent challenge case of AmVaz sometime ago, Dr Reddy's Laboratories Ltd has decided to change its business strategy for the US market. Addressing the concerns of shareholders on the ...
More
BHEL bags contract
MADURAI: Bharat Heavy Electricals Ltd, Tiruchi has secured a contract for setting up five stand-alone solar power plants from the West Bengal Renewable Energy Development Agency. The plants, valued at Rs 15 crore, are to be installed at ...
More
Otis picks Usha Martin for wire rope products supply
USHA Martin Ltd has been chosen by elevator major Otis of the US as a "contract partner" for supply of wire rope and related products for the next three years. The company will supply wire rope and related products to Otis' operations in ...
More
CORPORATE DISPUTES
The Birla-Lodha court battle begins
THE high-voltage courtroom battle between the scions of the Birla clan and Mr R.S. Lodha began on Wednesday at the Calcutta High Court with Mr Justice K.J. Sengupta asking the Birlas to clarify their locus standi in the matter of Priyamvada ...
More
CREDIT RATING
South City (Kolkata) gets high Crisil rating
CRISIL has assigned a PA2 rating to South City Projects (Kolkata) Ltd, the company that is developing a group of four 30 storey-plus towers, the tallest in the eastern part of the country. The rating indicates that the company's ability to ...
More
MERGERS & ACQUISITIONS
Pepsi bottler Jaipuria to cut exposure in soft drinks — To foray into beer market; snaps up brewery in Mauritius
THE country's largest Pepsi bottler, Mr Ravi Jaipuria, is foraying into the beer business as he seeks to pare his exposure in the soft drinks market. Mr Jaipuria, a bottling tycoon with eight soft drink plants sending millions of Pepsi bottles ...
More
NEW PROJECTS
BPCL to invest Rs 1,200 cr to make Euro-IV fuel
BHARAT Petroleum Corporation Ltd (BPCL) plans to invest Rs 1,200 crore towards producing auto fuel compliant with Euro-IV emission norms. The refinery is currently undertaking expansion of the refinery capacity to 12 million tonnes. "The ...
More
ALLIANCES & JOINT VENTURES
GlaxoSmithKline arm in marketing pact with Honeywell Burdick
QUALIGENS Fine Chemicals (QFC), a division of GlaxoSmithKline (GSK) India, that manufactures and markets research and laboratory chemicals and lab-ware has inked a marketing agreement with Honeywell Burdick & Jackson. QFC would now market ...
More
OUTLOOK
Ayush mulls global foray; exports in the pipeline
AYUSH, Hindustan Lever Ltd's (HLL) brand of ayurvedic products and therapy centres, is actively considering a global foray. Speaking to newspersons at Mamallapuram's GRT Temple Bay resort , where HLL has opened an Ayush centre, Mr Vipul ...
More
TRENDS
TQ3 India eyes bigger share of corporate travel market
A SEGMENT that has grown and kept pace with the improving corporate profile of the country, India's corporate travel market is today estimated at no less than $3-billion (around Rs 15,000 crore). Keen to account for a bigger share of this ...
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds