MERGERS & ACQUISITIONS
M&A may need Budget boost
Fiscal concessions will enable companies have better bargaining power in cross-border deals. More

Bajaj Electricals set to finalise Rs 100-cr buy
Bajaj Electricals Ltd is in an advanced stage of negotiation for acquiring a Western-India based electrical company at an approximate cost of Rs 100 crore. The company will also pump in Rs 30 crore for capacity expansion. "We are in the process ... More

It is for tractors and more, says Ashok Leyland
`Our tie-up with Iveco did not yield any results' More

ITIL buys Gem Tours
Indian Tourism Infrastructure Ltd (ITIL) has acquired Gem Tours & Travels Pvt Ltd, a luxury tour operator, for Rs 400 crore. According to a press release issued on Thursday, the purchase price will be discharged through 36 equal More

NEW PROJECTS
Biocon to invest Rs 500 cr in Pharma City
Ms Kiran Mazumdar Shaw, Chairman and Managing Director of the Bangalore-based Biocon, has announced that the company would invest Rs 500 crore in a bio-pharma project in the Jawahar Pharma City, a special economic zone. Ms Mazumdar, who was in ... More

IOC's Paradip projects run into rough weather
Crude import facility, pipeline to Haldia delayed More

Lanxess to raise investments in India
Rubber and chemical major Lanxess is set to ramp up investments in India. Without revealing any numbers, Dr Axel C. Heitmann, Chairman of the Board of Management, Lanxess, said, "Our total investment outlay for 2006 was € 300 million of ... More

ALLIANCES & JOINT VENTURES
GAIL pact with petroleum institute
GAIL (India) Ltd has signed an agreement with the Indian Institute of Petroleum (IIP), Dehradun, for joint marketing of natural gas liquid to gas and gasoline (NTGG) technology. According to a statement issued by the company, the ... More

BEML, NTPC in pact for mining tools
Bharat Earth Movers Ltd said it has signed an MoU with NTPC for the supply and use of BEML's equipment, spares and services for NTPC's coal mining. BEML, with 40 years of experience and 70 per cent market share in mining ... More

OUTLOOK
Tata group set to enter airport modernisation biz
May partner Changi and take majority stake in the venture More

MLR Motors may use Daewoo facility to make cars
Planning 900 cc, 1500 cc diesel variants More

Tata Advanced Materials bets big on aerospace composites
Till a few years ago, national aerospace entities ISRO and HAL had no supplier in the country who could provide critical composite items to go on their satellites, launchers and aircraft. As foreign sources do not part with such items, they had ... More

NTPC plans to raise Rs 1 lakh cr to expand capacity
Hopes to touch 51,000 MW capacity in 5 years More

Cairn proposes global expert to benchmark Rajasthan crude
`To put an end to pricing fears' More

Mantri Developers to focus on hotel sector
Mantri Developers, the Bangalore-based residential and property developers, has decided to expand its presence in the hotel industry, with the help of the expertise of its partner Morgan Stanley Real Estate. The hotels in the 3- to 5-star ... More

Oil India IPO likely
The Centre is considering unveiling an initial public offering (IPO) for the Rs 10,000-crore Oil India Ltd. According to sources, the Union Petroleum and Natural Gas Ministry is currently preparing a draft proposal in this regard for submission ... More