CORPORATE
ANNOUNCEMENTS
Flender unit to make high-speed gearboxes
Flender Graffenstaden, a French company, will roll out the first of the high-speed gearboxes for captive power plants from its unit here this month. Flender Graffenstaden's unit in Chennai is its first outside France, and it operates in India ...
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TCIL denies involvement in UN bribery case
State-owned telecom company TCIL has denied any involvement in the alleged United Nations Procurement Division bribery case, in which an Indian official on deputation to the world body has been arrested. Senior officials said the company had ...
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MERGERS & ACQUISITIONS
S Kumars board to mull US co buy plan
Textile company S Kumars Nationwide Ltd has announced that its board of directors will meet on November 9 to consider a proposal to acquire a home textiles company in the US. ...
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Orkla group to merge Indian arms
Looking at organic growth
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NEW PROJECTS
Caran Design opens shop in India
International automobile design firm Caran Design Ltd has set up its first centre in India and is planning to recruit over 300 engineers in three years. The Swedish company, which is part of Logica CMG Group, employs over 1,000 engineers in ...
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Bharat Fritz plans subsidiary in Germany
Bharat Fritz Werner , a machine tool manufacturing company, will be setting up a marketing subsidiary in Germany to expand its product reach in Europe. The company plans to invest Rs 15 crore in the first phase to set up an office and showrooms ...
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OUTLOOK
Hyundai expansion plans to fetch $1.4 b FDI
More vendor investment to take place; parent co to set up 4th worldwide R&D unit here
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Apollo to launch cancer rehab centre
Will be one-of-its-kind centre in the country
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PERFORMANCE
Earnings scorecard for July-September: India Inc glows in the litmus test
While non-ferrous metals, oil, software services and banking turned in impressive numbers, investors may have to tread with caution in certain other sectors.
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