CORPORATE
ANNOUNCEMENTS
ONGC declares force majeure on naphtha
Hit by floods in Gujarat, Oil and Natural Gas Corporation has decided to defer its contractual commitment on naphtha delivery from Hazira. Industry sources told Business Line that the company has declared force majeure on naphtha delivery ...
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CORPORATE DISPUTES
HC stays BPL Mobile shares sale
`Wait for arbitration settlement'
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NEW BUSINESS
Sadbhav bags Ahmedabad 0project
Sadbhav Engineering Ltd announced on Thursday that it has bagged a Rs 560-crore road construction project to improve and widen the Sardar Patel Ring Road around Ahmedabad from the City's urban development authority. Making the ...
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Punj Lloyd bags Rs 321-cr order
Punj Lloyd Ltd on Thursday said it has secured a Rs 321-crore order from Yemen. The company secured an order from Yemgas FZCO, a joint venture between Technip SA of France, JGC Corp of Japan and Kellogg-Brown & Root Inc of the ..
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RESTRUCTURING
Zee seeks nod to restructure FDI holdings in Zee News
The Zee Group has decided to convert Zee News Ltd (ZNL), created by hiving off Zee Telefilm Ltd's (ZTL) news and current affairs division, into a 100 per cent Indian company before again incorporating 26 per cent foreign equity and has sought ...
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MERGERS & ACQUISITIONS
HC restrains vMoksha promoter from company dealings for 18 months
The Madras High Court has directed Mr Pawan Kumar, promoter of vMoksha Technologies, not to solicit or offer services directly or indirectly to any prospective customers of vMoksha companies for a period of 18 months from January 28, 2006, or ...
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NEW PROJECTS
Sugar refinery in Kakinada SEZ planned
A sugar refinery is proposed to be set up in the port-based special economic zone (SEZ) coming up here at a cost of over Rs 300 crore. The refinery is planned as a joint venture between EID Parry (India) Ltd of the Murugappa group and Cargill ...
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ALLIANCES & JOINT VENTURES
FACT plans jt venture with Syrian firm
To set up Rs 2,000-cr urea plant in Egypt
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Ethypharm inks deal with Globalpharma
Ethypharm India has inked a deal for out-licensing five new products in different therapeutic segments with UAE-based Globalpharma. The deal comes in quick succession after a similar deal that Ethypharm signed with Globalpharma ...
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Alliance Holding ties up with Astral Consulting
Astral to set up internal audit department for Alliance's group cos
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INTERVIEW
`Sri Lanka should grow over 10 per cent'
Construction and services sector are doing well
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OUTLOOK
Volvo India to increase capacity utilisation
Market growing by about 30%
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GAIL demurs on CNG foray in Iran
Disparity in subsidies and benefits cited
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PERFORMANCE
Tech issues dog development of ONGC's fields in KG basin
`Bulk of work still pending'
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NEW PRODUCTS & SERVICES
JK Ind launches formula tyres
Announces 10th edition of JK Tyre racing championships
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