CORPORATE
ENVIRONMENT
Lanco units registered for CDM
The Hyderabad-based Lanco Group has announced the registration of two of its hydro projects as Clean Development Mechanism (CDM) projects with the United Nations Framework Convention on Climate Change (UNFCCC) based in Geneva. ...
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IPR
Ranbaxy loses US apex court appeal in Lipitor case
With sales grossing $12.9 billion on Pfizer's cholestrol drug Lipitor, the path to get a slice of that market was always known to be riddled with law suits for generic challenger Ranbaxy. But the litigation-filled pathway crossed a major ...
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RESTRUCTURING
Tata Tea sees no hurdles in equity participation by staff
Formation of Amalgamated Plantations
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MERGERS & ACQUISITIONS
Indian Hotels arm buying US Campton Place for Rs 270 cr
The US subsidiary of Indian Hotels Company Ltd (collectively known as Taj Hotels, Resorts and Palaces) will acquire 100 per cent stake in the San Francisco-based four-star Hotel Campton Place at $60 million (Rs 270 crore). The acquisition will ...
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Regency Ceramics taking Regma into its fold
Regency Ceramics Ltd (RCL), the Hyderabad-based tiles major with manufacturing facilities in Yanam, has decided to bring Regma Ceramics Ltd into its fold with effect from April 1. The board of directors of the company at its meeting on March ...
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Hershey takes 51% in Godrej Beverages for $60 m
To bring in products from global portfolio
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Granules India sells 13% stake to US co
Granules India Ltd (GIL), a Hyderabad-based pharma company, has divested 13 per cent stake to US-based ISP Investco. The company issued 22.11 lakh equity shares of Rs 10 each, fully paid up at Rs 105.50 per share (including premium), on ...
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NEW PROJECTS
PFC to appoint consultant for ultra mega projects
With the Sasan bidding process mired in controversy, Power Finance Corporation (PFC) has now decided to appoint a consultant with expertise in vetting contracts and commercial transactions for Ultra Mega Power Projects in the pipeline. It has ...
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ALLIANCES & JOINT VENTURES
RMZ, AIG Global in pact for realty, hospitality projects
Real estate developer RMZ Corp and AIG Global Real Estate have entered into an equal joint venture to develop commercial/office space and to evaluate hospitality development projects throughout the country. RMZ Corp is currently present in ...
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SOCIETY & DEVELOPMENT
Market, business and community development
If too much regulation by the state can kill entrepreneurship, too laissez faire a market could lead to uneven growth and social inequalities.
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OUTLOOK
Haldia Petro mulls gas-based power generation
HPL Cogeneration can easily switchover from naphtha-fired technology, says MD
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BHEL rides on high order inflows
Net rises 42% last fiscal; chalks plan for sustained growth
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Tata AutoComp in talks with car producers
Supply of 4-wheeler batteries
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Bengal Shrachi looks beyond Bengal
Firms up `geographical-cum-asset diversification' strategy
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DivyaSree planning separate vertical for affordable houses
Negotiations on with construction cos for mass housing
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REC may borrow up to Rs 13,000 cr this fiscal
The Rural Electrification Corporation (REC), which has commitments to lend Rs 1.10 lakh crore to the power sector over the next decade-and-half, expects to borrow between Rs 12,000 crore and Rs 13,000 crore in 2007-08. Stating this REC's ...
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