CORPORATE
ACCIDENTS
Scene of blast
MR K.N. VENKATESH, MD, Anjana Explosives Ltd, showing the debris of the spinning plant that was reduced to rubble in a powerful explosion that killed five workers on Tuesday night to officials of the Industries Department at the site at Pedda ...
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ANNOUNCEMENTS
Nava Bharat changes name
Nava Bharat Ferro Alloys Ltd has changed its name to Nava Bharat Ventures Ltd. A special resolution was passed by the members at an extraordinary general meeting and a fresh Certificate of Incorporation dated July 7, 2006 has ...
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Maruti to hike vehicle prices by month-end
Introduces revamped WagonR; also LPG-petrol variant
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NEW BUSINESS
Madhucon inks pact with NHAI for TN road project
Madhucon Projects Ltd has signed a concession agreement with the National Highways Authority of India (NHAI) for highway road project between Madurai and Tuticorin in Tamil Nadu. The Rs 820-crore project envisages laying the stretch between ...
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AWARDS & HONOURS
Swati Piramal gets French award
Nicholas Piramal India (NPIL) Director, Dr Swati Piramal, has been conferred the Chevalier de l'Ordre National du Mérite (Knight of the Order of Merit) by the French Government. One of the highest civilian honours given by the ...
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MERGERS & ACQUISITIONS
ChrysCapital picks up 10 pc in Titagarh Wagons
The Kolkata-based Titagarh Wagons Ltd (TWL), a leading manufacturer of Railway wagons, modular steel bridges, and other engineering products, has received private equity investment from ChrysCapital. After the transaction, ChrysCapital would ...
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Ashok Leyland to buy Czech co AVIA's truck unit
Ashok Leyland has announced that it has signed a "framework agreement" to acquire the truck business unit of Czech company AVIA a.s.. The consideration was not divulged. This would be the company's first overseas acquisition. Following corporate ...
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S.K Birla Group to sell 51% stake in Mysore Cement to Heidelberg
In a major development, the S.K. Birla Group has decided to sell 51 per cent stake in its loss making Mysore Cement to the Germany-based HeidelbergCement for a whopping $ 94 million (Rs 436.82 crore). The uniquely structured deal ensures that ...
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NEW PROJECTS
Britannia plans Rs 150-cr expansion
Biscuit maker Britannia Industries plans to invest Rs 100-150 crore to expand its manufacturing capacity. "We plan to expand capacities in our existing facilities as well as look at greenfield projects," the Britannia Managing Director, Ms ...
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EID Parry looking at Karnataka, AP
Expansion worth over Rs 850 crore on in TN
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ADAG to present power project proposal to Orissa
Plans investment of Rs 55,000 cr; Anil Ambani to meet CM tomorrow
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Aspet plans to streamline operations
Company recently increased capacity of the Haldia plant
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REGULATORY BODIES & RULINGS
Biocon gets nod for cancer drug
Biocon's first proprietary molecule Biomab EGFR has received the marketing approval from the Drug Controller General of India and will be launched in the second quarter of fiscal 2007-08. The product based on monoclonal anti-bodies (M A bs), ...
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ALLIANCES & JOINT VENTURES
OVL, PetroEcuador ink MoU for co-operation in hydrocarbon sector
To collaborate in exploration of hydrocarbons
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Bayer to market Biocon's insulin in China
Similar arrangements likely for US, Europe markets
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Shriram Properties floats jt venture
Shriram Properties today announced the launch of a joint venture with Prudential Investments, a leading Australian property development company, to launch premium `Leisure Lifestyle Township' projects in the country. Initially, Shriram ...
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OUTLOOK
Essar Oil asks franchisees to open outlets
Ready compensate for losses
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SAIL willing to go the extra mile in Jharkhand
Hopes to win the rights for Chiria iron ore mines
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PEOPLE
Sameer Nagarajan is Astra Zeneca V-P
AstraZeneca Pharma India Ltd has announced the appointment of Mr Sameer Nagarajan as Vice-President, Human Resources. Prior to this, he worked as Head of Human Resources with India Gypsum Ltd in Mumbai, a subsidiary of BPB plc. ...
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Many in the race for ONGC top post
The hunt for new Chairman and Managing Director of Oil and Natural Gas Corp (ONGC) has gathered momentum with the last date for receiving applications for the post closing today. The CMD's post fell vacant after Mr Subir Raha demitted office ...
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