CORPORATE
RESEARCH & DEVELOPMENT
H&R Johnson to invest Rs 25 cr in R&D
Tile manufacturer H&R Johnson (India) Ltd is investing Rs 25 crore towards R&D and upgrading manufacturing capabilities. Around Rs 10 crore would be invested in new product development while the balance will be utilised towar
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ANNOUNCEMENTS
`Indica Xeta variants a big success'
Petrol variants of the Indica car Xeta from Tata Motors Ltd have proved to be a big success, according to Mr Nithin Seth, General Manager, Tata Motors Ltd. Addressing a press conference here today to announce the launch of an all- frills Indigo ...
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Low-cost tractor launched in AP
A 22 HP low-cost tractor called Angad was released in the market by SAS Motors Ltd on Tuesday. On the occasion, Mr Gautam Das, Executive Vice-President, said that the company would market the tractor through a network of 300 ...
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COMPANY LAW
Stamp duty on transfers from holding company
Transfer of property between parent company and subsidiary company is no longer exempted from stamp duty in Tamil Nadu. The exemption dates back to a notification dated June 17, 1964. Item 38 in that notification spoke about exempting from duty ...
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RESTRUCTURING
Kinetic Group in revamp mode
Spins off 2-wheeler biz, auto parts into separate arms
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MERGERS & ACQUISITIONS
Coromandel Fert to buy out IFFCO's stake in Godavari Fert
For Rs 120 cr at Rs 150 per share; open offer on cards
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Indian Hotels Q3 net profit rises 43 pc at Rs 88 cr
The company acquires 74 pc stake in Amalgam Foods
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NEW PROJECTS
Global Hospitals to invest Rs 500 cr in expansion
Opens Rs 150-cr hospital in Bangalore
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Universal Cables expansion to be operational by February
The technological upgradation-cum-expansion project (XLPE Cables) of Universal Cables Ltd, an MP Birla outfit, involving a capital outlay of about Rs 63 crore, is expected to be operational by February 2007. A company release quoted Chairman Mr ...
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REGULATORY BODIES & RULINGS
Orchid facility gets UK approval
Orchid Chemicals & Pharmaceuticals has announced that its Betalactam Active Pharmaceutical Ingredient (API) facility located in Aurangabad has been approved by the UK regulator, Medicines and Healthcare products Regulatory Agency
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ALLIANCES & JOINT VENTURES
AP Organics ties up with IICT
Move to develop products from wastes of paddy, rice bran
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BEML gets nod for jt mining venture
The Bharat Earth Movers Ltd (BEML) board on Friday approved the formation of a 45:55 joint venture contract mining company with a combine of Midwest Granite Ltd, Hyderabad and SMJ Indonesia. The company will have an authorised capital of Rs 100 ...
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DIVERSIFICATION
Indigo plans print, online media foray
To invest Rs 100 crore on expansion initiatives
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OUTLOOK
SAGE Publications bets on India for global business
Acquires the remaining 76 pc of SAGE India
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PEOPLE
S.K. Garg takes over as NHPC chief
Mr S.K. Garg has taken over as Chairman and Managing Director of National Hydroelectric Power Corporation (NHPC). Mr Garg was earlier holding the post of Director (Finance) and additional charge of CMD of NHPC, a company ...
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