CORPORATE
ANNOUNCEMENTS
Cricket rights: Zee to announce decision today
THE board of Zee Telefilms Ltd (ZTL) met on Monday to decide on making a fresh bid for the rights to telecast cricket matches to be held in India but the company did not reveal the outcome of the meeting. The company will make its decision ...
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BHEL wins order from Nagarjuna Power
THE public sector BHEL has bagged the engineering, procurement and construction (EPC) contract for the 1,015 MW thermal power project near Mangalore promoted by Nagarjuna Power Corporation Ltd (NPCL). Sources said that the contract was worth ...
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PRIVATE PLACEMENT
KRBL to make second pvt placement
THE Rs 700-crore KRBL Ltd is to make its second private placement of 30-lakh-equity shares/equity convertible zero coupon warrants to Reliance Commodities Pvt Ltd DMCC on preferential basis. The Gulf-based Reliance Commodities DMCC is buying ...
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CORPORATE DISPUTES
Birla Corp minority shareholders move CLB
A SECTION of the minority shareholders of Birla Corporation Ltd has approached the Company Law Board (CLB) against the current management of the company. Just days ahead of the company's annual general meeting (AGM), the shareholders have filed ...
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AUDITING
Dhunseri Tea replaces Lodha firm as auditor
THE C.K. Dhanuka-controlled Dhunseri Tea on Monday removed Lodha & Co of Mr R.S. Lodha as auditor of the company. A resolution in this regard was approved by a majority of shareholders at the company's AGM. Lodha & Co has been replaced by ...
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IPR
Ind-Swift gets two process patents
THE Chandigarh-based pharma company Ind-Swift Ltd has received two process patents from the Indian Patent Office. One of the patents is for an anti-infective, a new salt of an erythromycin derivative and the other is for fexofenadine, an ...
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HUMAN RESOURCES
Dr Reddy's signs MoU with BITS
DR Reddy's Laboratories Ltd has announced that at the convocation for its employees, 51 of them were awarded MSc in Pharmaceutical Chemistry by the Birla Institute of Technology and Science (BITS), Pilani. In a press release here on Monday, ...
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CORPORATE GOVERNANCE
Professionalise management of cos: Governor
THE Governor of Tamil Nadu, Mr P.S. Ramamohan Rao, has called upon the captains of industry to professionalise the management of their companies and also empower the professional managers. "Get out of old mindsets. Pay more respect to ...
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NEW PROJECTS
Donear plans Rs 150-cr greenfield textile project
DONEAR Industries Ltd is setting up a greenfield textile project at an investment of around Rs 150 crore to be operational in the next six to 12 months, according to its Executive Director, Mr Ajay Agarwal. Addressing newspersons recently on ...
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Vizag-Kakinada belt to be industrialised: CM
Transworld Garnet plant inaugurated
Two other north-coastal districts of Srikakulam and Vizianagaram will be included in the plans to create an industrial corridor.
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Suprajeet unit in Bangalore
BANGALORE: Suprajeet Engineering Ltd, a Bangalore- based auto component manufacturing company, will be setting up a 100 per cent export oriented manufacturing unit in Bangalore to produce automotive cables. The new unit will be 50:50 joint ...
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REGULATORY BODIES & RULINGS
JB Chemicals gets USFDA nod to market ciprofloxacin
THE Mumbai-based JB Chemicals & Pharmaceuticals Ltd has joined the bandwagon of generic companies looking to get a slice of the ciprofloxacin market. The company announced here on Monday that it has received final approval from the United ...
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RIGHTS ISSUE
CIAL to allot Rs 35-cr shares as rights issue
COCHIN International Airport Ltd (CIAL), the promoter and operator of the first-ever international airport in the country at nearby Nedumbassery, is to allot shares worth Rs 35 crore to its around 10,000 shareholders as rights issue. A ...
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OUTLOOK
L&T-Niro sees more activity once food laws are enacted
L&T-Niro Ltd (LTN), a joint venture between L&T and Niro A/S of Denmark, envisages that its scope of operations will enlarge once the Union Government enacts food laws. LTN is engaged in supplying equipment for powder producing and processi
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Shaw Wallace aims to double revenue in three years
SHAW Wallace & Company (SWC) has outlined a new business vision, aiming to double revenues and triple profits in three years. The vision is planned to be fulfilled in consultation with McKinsey. This was highlighted by SWC's senior ...
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PEOPLE
New HR head for Toonz
THIRUVANANTHAPURAM: The city-based Toonz Animation India Pvt Ltd has announced the appointment of Mr Suresh Kumar K. as the company's new head of human resources, a company press release said. He joins Toonz from V-Guard Industries where ...
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