CORPORATE
MODERNISATION
Reviving heritage
UNDER RENOVATION: Bharat Hotels has started renovating the Great Eastern Hotel in Kolkata. The hotel will be renovated without affecting its heritage value. ...
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ANNOUNCEMENTS
HTL plans to sell land in Chennai
HTL Ltd (formerly Hindustan Teleprinters Ltd) is planning to sell 11.02 acres land close to Guindy, an industrial belt in South Chennai. Jones Lang LaSalle, an international real estate consultancy firm, which is the exclusive marketer for the ...
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OPEN OFFERS
Aban Offshore to make open offer for Sinvest
Aban Offshore Ltd has finally decided to make the mandatory open offer for Sinvest, Norway. The company had through its subsidiary in Singapore, Aban Singapore Pte Ltd, acquired a 40 per cent stake in Sinvest, a company engaged in providing ...
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OVERSEAS BORROWINGS
Marg to raise Rs 300 cr to fund projects
Marg Constructions plans to raise Rs 300 crore in the form of global depository receipts/foreign currency convertible bonds and/or qualified institution placement to fund its future projects, according to a company press release. It has ...
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NEW BUSINESS
Lanco bags Rs 565-cr Karnataka road contract
Lanco Group has successfully won the bid for Bangalore-Hoskote-Mudbagal Road Work on Build, Operate and Transfer (BOT) basis. This is the first BOT Project in the highway sector for Lanco. The project under NHDP Phase III A in Karnataka is ...
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AWARDS & HONOURS
Jayshree Chem gets safety award
Jayshree Chemicals Ltd (JCL), an S. K. Bangur Group Chlor-Alkali plant, has been given `State Safety Award' by the Orissa Government's Safety Award Committee & Director of Factories & Boilers, for the "Longest accident free .
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MANAGEMENT
`Lockouts account for more mandays lost since 1995'
`Number of mandays lost due to strikes estimated to be 8.58 crore'
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RESTRUCTURING
Sujana group cos' amalgamation gets shareholders nod
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MERGERS & ACQUISITIONS
Takeover of a going concern
In the Hooghly Mills case, the apex court held that no depreciation can be claimed in respect of gratuity liability even if it is regarded as capital expenditure.
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Aurobindo Pharma buys Dutch co Pharmacin
To gain access to several markets in Europe
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NEW PROJECTS
Pride Group plans hotel in Chennai
The Mumbai-based Pride Group of Hotels is likely to inaugurate its first hotel in Chennai in early February, according to Mr S.P. Jain, Chairman of the Group. The company has invested about Rs 40 crore in the hotel that is positioned as a ...
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OVERSEAS INVESTMENTS
NTPC signs pact for coal-fired project in Lanka
NTPC Ltd today signed an agreement to build a 500-MW coal-fired power plant. NTPC will pick up 50 per cent stake in the project, which is to come up in the Sri Lankan port town of Trincomalee. The project would entail an investment of around $500 ...
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REGULATORY BODIES & RULINGS
Ipca's Atenolol gets Chinese nod
The State Food and Drug Administration of the People's Republic of China has approved and registered Ipca Laboratories Ltd's Active Pharmaceutical Ingredient (API) Atenolol for importation and use in China. This is the first ...
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SOCIETY & DEVELOPMENT
Radha Realty rebuilding 100 schools
Radha Realty Corp, a Hyderabad-based company, has taken up an initiative to restructure the infrastructure in 100 rural schools in and around the city and neighbouring Ranga Reddy district. This is part of its corporate social ...
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STANDARDS & BENCHMARKS
ISO certification for NMDC
NMDC has received ISO-14001:2004 certificates from DNV (Det Norske Veritas). Mr B. Ramesh Kumar, Chairman and Managing Director received the certification, which relates to upgradation of environment management of projects. Mr ...
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OUTLOOK
Leela group to focus on luxury segment
There is a market for luxury hotels in India, said Capt. C.P. Krishnan Nair, Chairman, Hotel Leela Venture Ltd. While there is a demand of budget hotels in the country, luxury and super luxury hotels too are in demand, he emphasised. Even in ...
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PEOPLE
Sanjeev Saran to head SRTEPC
Mr Sanjeev Saran, Managing Director of Reeti Exim and Application (P) Ltd (REAL) and Director of Santosh Fine Fab, has been elected Chairman of the Synthetic and Rayon Textiles Export Promotion Council (SRTEPC). He will be taking ...
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