CORPORATE
ANNOUNCEMENTS
`Promoters have no plan to sell stake in Polaris'
Co's strategy totally focussed in a different direction: Chairman
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BEL eyes manufacturing contracts
To highlight capabilities at February air show
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SVP Group to develop Ghaziabad mall
Real estate player SVP Group plans to develop a mall - The Opulent - in Ghaziabad. Worth Rs 160 crore and spread over an area of 2 lakh sq.ft., it will comprise three shopping levels and one entertainment level. It will have ...
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SCI to buy ships from China
Shipping Corporation of India has announced that it has signed a contract for construction and delivery of two Medium Range product tankers of about 47,000 DWT each from China. The contract was signed with the Foreign Economic ...
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Aurigene in drug discovery tie-ups
To work with Forest Laboratories and Merck Serono
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NEW BUSINESS
BHEL wins Bangladesh order
BHEL has outbid Chinese power equipment major, Harbin Power Engineering, to secure its second turnkey power project in Bangladesh. The order, worth Rs 505 crore, would be funded by Asian Development Bank (ADB) and would involve setting up two ...
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Nagarjuna-led group bags port project
A consortium comprising Nagarjuna Construction Co Ltd (NCCL), Maytas Infra Pvt Ltd and SREI Infrastructure Finance Ltd has been awarded the project to develop and operate an all-weather deepwater port at Machilipatnam in Andhra ...
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MERGERS & ACQUISITIONS
80 plus Corus patents for Tata Steel likely
Spin-offs of takeover
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NEW PROJECTS
Maruti's road to fame
It is by now clichéd to talk about Maruti Udyog's contribution to the motorisation of India. And yet it is inevitable that a bit of nostalgia creeps in every time a major milestone comes by for the company. Maruti has had a chequered past and ...
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ABB launches HR centre in Bangalore
To leverage India's track record of delivering quality
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Singur wall
AT BRISK PACE: A compound wall coming up at the Tata Motors car project site at Singur in Hooghly district, West Bengal. The construction of the boundary wall has been speeded up under heavy security cover. ...
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OVERSEAS INVESTMENTS
IFFCO signs pact for $350-m plant in Jordan
Indian Farmers Fertiliser Cooperative Ltd (IFFCO) has signed an MoU with Jordan Phosphates Mines Company (JPMC) for setting up a latest phosphoric acid plant in southern Jordan. The proposed plant is part of the company's backward integration ...
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Tata Corus Deal — Should investors join the chorus?
In a giant leap, Tata Steel's acquisition of the Anglo-Dutch steel major Corus has vaulted the former to the fifth position from 56th in global steel production capacity. With the exception of Arcelor Mittal, which has combined production ...
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REGULATORY BODIES & RULINGS
Ranbaxy gets USFDA nod
Ranbaxy Laboratories Ltd has received the US Food and Drug Administration approval to sell amoxicillin and clavulanate potassium for oral suspension in three strengths. In an official statement, the company said that the Ranbaxy ...
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ALLIANCES & JOINT VENTURES
Orchid in marketing pact with Actavis
Orchid Chemicals and Pharmaceuticals has announced that it has entered into a tie-up with Actavis, a global pharma major, for marketing its (Orchid's) cephalosporin formulations in Europe. Under this agreement, Orchid will develop and ...
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SICK UNITS
Modi Rubber working out revival package
The package to be submitted to BIFR soon
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OUTLOOK
Bajaj Auto to introduce new bike platform
With increasing sales of Bajaj Discover and Bajaj Pulsar DTS-I platform products only 45 per cent of Bajaj motorcycle sales now come from the relatively lower margin 100cc segment. An official communication has noted that in order to exit this ...
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Gold Coast Tourism sets sights on Indian tourists
Gold Coast Tourism Corporation Ltd (GCTC), located in Queensland, Australia, has set its sights on the travelling Indian. GCTC has spent a year analysing the Indian market, said the CEO, Mr Pavan Bhatia, and will be committing AUS $1 million a ...
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ArvinMeritor plans to triple business in Asia Pacific
To double number of engineers in technical centre
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Superhouse to double leather output
Superhouse Ltd, the Kanpur-based leather footwear and products exporter, has announced plans to double its leather and footwear production and exports. Mr Mukhtarul Amin, Chairman, Superhouse, told reporters that the company was setting up two ...
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Ma Foi Academy plans to set up overseas facility
Ma Foi Academy, the training division of HR consulting firm Ma Foi Management Consultants Ltd (MMCL), is not only looking at pan-India presence, but is also planning to set up facility in overseas locations such as Malaysia and Thailand by the ...
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PERFORMANCE
Tata Indica, Safari report record sales in January
Tata Motors has reported the highest-ever Indica sales since its launch in 1998, for January 2007 at 14,466 units, a growth of 14 per cent over January 2006. In the passenger vehicle business, the company reported total sales of 22,801 units ...
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PEOPLE
Sastry takes over as BEL chief
Mr V.V.R. Sastry has taken over as Chairman and Managing Director of Bharat Electronics Ltd (BEL). He succeeds Mr Y. Gopala Rao, who retired on January 31, a release said. Prior to the elevation, Mr Sastry was Director ...
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