CORPORATE
RESEARCH & DEVELOPMENT
`Clearance for clinical trials quicker in India'
Quintiles launching global central lab network in Mumbai
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CORPORATE DISPUTES
Legal row not to impact IPO, says Fortis
The legal wrangle surrounding the acquisition of Escorts Heart Institute and Research Centre by Fortis would not impact the latter's forthcoming IPO, say Fortis' promoters. "As per our understanding, both the entity and the acquisition are ...
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NEW BUSINESS
Kinetic Engineering bags engine export orders
Kinetic Engineering Ltd (KEL), the automotive company of the Kinetic group, is set to design and develop motorcycle engines for exports. The company has acquired orders from major two-wheeler players such as MV Agusta, Italy and Tomos, Slovakia ...
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ESOPS
FBT on ESOP: Inefficient and inequitable
Under the proposed tax arrangement, when the employee exercises his option, he will be subjected to FBT through the employer.
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COURTS/LEGAL ISSUES
Jet, Air Sahara arbitration begins on Monday
Outcome keenly awaited
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HC sets aside TAMIN notices to employees
The Madras High Court has set aside notices issued by Tamil Nadu Minerals Ltd (TAMIN) to employees who had been chargesheeted for various alleged charges, as the board of directors had not followed the relevant rule (Rule 14.10). The board was ...
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MERGERS & ACQUISITIONS
Ranbaxy acquiring 14.9% stake in Jupiter Bio
Both cos reach in-principle agreement
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NEW PROJECTS
Heavy Engg mulls thermal plant in Ranchi
Heavy Engineering Corporation Ltd (HEC) is poised to set up a 60 MW captive thermal power generating unit along with a modern railway wheel and axle plant at its facilities in Ranchi by 2009-10. This is expected to further enhance HEC's bottom ...
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OVERSEAS INVESTMENTS
VA Tech Wabag bets on overseas markets for growth
Sees big opportunity in W. Asian, S-E Asian regions
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TRADE & LABOUR UNIONS
ONGC persisting with labour case without legal basis: HC
In a matter pertaining to absorption by ONGC of workmen who were on temporary rolls, the Madras High Court has passed strictures "for agitating the matter for over seven years without any legal basis, and it is totally not expected of an ...
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Hindustan Motors calls off meeting with unions
Workers to stage rally tomorrow
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DIVERSIFICATION
Nuziveedu Seeds will promote Rs 1,500 cr SEZ near Chennai
Tidco joins in implementing the project
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OUTLOOK
McLeod Russel has no plans for diversification, says Aditya Khaitan
Hopes tea price upswing stays; jatropha cultivation to start in 2 yrs
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IDEB Projects builds land bank
Buys 200 acres in Uttarakhand
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Aitken Spence bullish on India
Sri Lanka's Aitken Spence is entering the hospitality sector with projects in Kochi and the Andaman and Nicobar islands. Mr J.M.S. Brito, Deputy Chairman and CEO, told Business Line that in addition to these projects, the company is ...
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Dubai's DAMAC plans $1-b investment
DAMAC Properties, an arm of Dubai-based DAMAC Holding Co LLC, is planning its foray into India with over a billion dollars of investment, according to Mr Hussain Sajwani, Chairman of DAMAC Holdings. "We have conducted surveys in top Indian ...
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IOC pins hopes on strong rupee
Under-recovery straining working capital
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Demand for inverters seen rising
As power cuts loom in Mumbai, industry ramps up supply chain
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PERFORMANCE
BHEL Hyderabad clocks Rs 630-cr profit before tax
Increased competition from global majors, pricing pressure and a lean order book hindered the performance.
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Daimler sells 690 units in Jan-March
DaimlerChrysler India Private Ltd has recorded sales of 690 units for the quarter ended March 31, 2007. DaimlerChrysler said that this included sales of 95 units its of S-Class, 352 units of E-Class and 226 units of C-Class. Declining to reveal ...
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