CORPORATE
ACCIDENTS
6 feared dead in Eastern Coalfields mine
A total of six miners are feared dead following a massive roof collapse at Eastern Coalfields Ltd's (ECL) Shyamsundarpur underground (UG) mine. The accident occurred early morning on Tuesday. Confirming the incident, the Director ...
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ANNOUNCEMENTS
Korean co to discuss jt venture with FACT
A delegation from Joongang Chemical Industry, Seoul, South Korea is slated to visit the Fertiliser and Chemicals Travancore (FACT) in the second week of December and hold discussions on setting up a joint venture for gypsum-based products. ...
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NEW BUSINESS
PSL bags Rs 308-crore order
High-grade pipe manufacturer PSL Ltd has bagged a Rs 308-crore contract from Bharat Oman Refineries Ltd for supply of pipes for the Vadinar-Bina pipeline project. The company will be supplying 599.6 km of pipeline. This is the ...
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AWARDS & HONOURS
REL bags corporate governance award
Reliance Energy Ltd has bagged the Golden Peacock Award for Corporate Governance. The award was given by the Institute of Directors. The nominations were evaluated by a jury under the Chairmanship of Justice Mr P.N. Bhagwati. ...
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COURTS/LEGAL ISSUES
Sarda bail plea rejected again
A Division Bench of the Calcutta High Court, headed by Mr Justice D.P. Sengupta and Mr Justice R.N. Banerjee, on Thursday rejected the bail prayer of Govind Sarda, prime suspect in the case pertaining to supply of defective blood ...
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Court directive on Sujana
The Andhra Pradesh High Court has ordered the holding of meetings of shareholders and creditors of Sujana Metal Products and Sujana Steels on December 28. The decision comes in the wake of Sujana Metal Products making an application to the ...
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MERGERS & ACQUISITIONS
Nod for Indo Rama Petro merger plan
The board of Indo Rama Synthetics (India) Ltd (IRSL) today gave in-principle approval for an evaluation of the proposal for the merger of Indo Rama Petrochemicals Limited (IRPL) with itself subject to all the necessary statutory, ...
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LN Mittal, Farallon Cap pick 13.33% in Indiabulls Infra
Pick 13.33% for Rs 447 cr
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NEW PROJECTS
Bedlam in West Bengal Assembly
Left Front MLAs, Assembly staff, journalists hurt
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Bengal Govt bans protests at Singur
Controversy over land acquisition for Tata car project
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Buddhadeb assures full protection to Tatas
For setting up car manufacturing plant at Singur
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OVERSEAS INVESTMENTS
Arch Chem of US opens office in Mumbai
Arch Chemicals Inc, a US-based biocide company, has opened an office in Mumbai to accelerate its sales and procurement activities. The company is a supplier of water sanitising products, cosmetic ingredients, wood preservatives and biocides ...
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Financial Tech gets nod to set up Global Board of Trade
Financial Technologies Ltd (FTL), the promoter of Multi Commodity Exchange, has received in-principle approval from the Financial Services Commission, Mauritius, for setting up an international multi commodity exchange styled Global Board of ...
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REGULATORY BODIES & RULINGS
USFDA inspects Divi's Labs unit
Divi's Laboratories has said that its Unit-2, comprising both export-oriented units and special economic zone at Chippada villagenear Visakhapatnam have been inspected by the US Federal Drug Administration. The purpose of the inspection was ...
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ALLIANCES & JOINT VENTURES
Uttam Galva in pact with Sumitomo arm
Uttam Galva Steels has tied up with Steel Summit International, the US arm of Japan's Sumitomo Corporation, to supply value-added construction grade steel to American retail giant Home Depot. Home Depot operates a chain of 2,000 retail stores, ...
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GMR ties up with Accor Hotels
GMR Hyderabad International Airport Ltd (GHIAL) has entered into an agreement with the Singapore-based Accor Hotels and Resorts to establish India's first airport hotel at the upcoming international airport at nearby Shamshabad. ...
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INCOME TAX
Companies take to e-filing returns in a big way
E-filing has come to stay says Chidambaram
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OUTLOOK
Eros Group to draw up Rs 5,000-cr fund
To be utilised for constructing 8-10 hotels
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PEOPLE
Balakrishnan front-runner for HPCL chief post
Mr Arun Balakrishnan, Director (HR), Hindustan Petroleum Corporation Ltd (HPCL), seems to be emerging as a strong contender for the post of Chairman and Managing Director. Mr Balakrishnan's name came into the forefront after the interview ...
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