CORPORATE
ANNOUNCEMENTS
Hind Copper to use bio-leaching tech for ore processing
Research body to help in getting metal from chalcopyrite
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MERGERS & ACQUISITIONS
CESC board nod for Pathik Retail merger
Mr Sanjiv Goenka said the exercise would help "create more value" for shareholders of CESC.
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MGF, Emaar to pick up majority stake in Singapore retailer
The MGF Group and Emaar Properties are all set to mark their presence in the retail space when their investment holding company Golden Ace Pte Ltd picks up 76.08 per cent equity in Singaporean retailer RSH (Royal Sporting House) shortly. Golden ...
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NEW PROJECTS
Reliance investing Rs 8,000 cr in AP-Bengal gas pipeline
Reliance Industries Ltd (RIL) may invest up to Rs 8,000 crore in the proposed 1,100-km gas pipeline from Kakinada in Andhra Pradesh to Howrah in West Bengal. The pipeline will connect West Bengal to the company's major finds in the ...
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Istithmar lines up 8 easyHotels for India
`Stack, connect and stick' onsite building concept
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Lifeline Group plans Rs 100-cr hospital expansion
The Chennai-based Lifeline Group plans to invest Rs 100 crore in upgrading its hospitals and in acquiring more hospitals. The group is examining the feasibility of buying two in the North East, Dr J.S. Rajkumar, Chairman, Lifeline Group, told a ...
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OVERSEAS INVESTMENTS
Coal blocks purchase abroad: Steel Ministry draws SPV shareholding pattern
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TRADE & LABOUR UNIONS
Unrest at HM plant hits Ambassador sales
Dealers stop taking purchase orders
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Scuffle at HM unit: Contempt notice against police
Mr Justice Dipankar Datta of the Calcutta High Court today issued Rule of Contempt against the police authority and `Jukta Sangrami Morcha' of Hindustan Motors' factory at Uttarapara, for violating the court's order of March 28. On March 28, Mr ...
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EVENTS
CEOs forum in Coimbatore on Friday
`Chief executives forum', a special corporate event being planned in the city on April 20, will be presided over by the Tamil Nadu Rural Industries Minister, Mr Pongalur N. Palanisamy. The forum being convened under the aegis of Coimbatore ...
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SOCIETY & DEVELOPMENT
Fujitsu Consulting to fund school project near Lonavla
First it was the Habitat for Humanity's Georgia-based Jimmy Carter Work Project (JCWP). Now it is the turn of the Japan-based Fujitsu to turn their eyes on the little village called Patan in Malavli near Lonavla. Fujitsu will fund a school, ...
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RIGHTS ISSUE
Tata Steel raising $2.3 b for Corus payment
1:5 rights at Rs 300 a share to fetch Rs 3,655 crore
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STANDARDS & BENCHMARKS
Dr Reddy's to participate in pharmacopoeia verification
Dr Reddy's Laboratories Ltd has signed on as the first participant in United States Pharmacopoeia's (USP) Pharmaceutical Ingredient Verification Programme. "We can now show manufacturers, regulatory authorities and consumers our dedication to ...
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SICK UNITS
PSU fertiliser cos eyeing sick units of FCI, Hind Fert
Three profit making public sector fertiliser companies have evinced interest in taking over the sick units of Fertiliser Corporation of India (FCI) and Hindustan Fertiliser Corporation Ltd (HFC). The companies that have shown interest are ...
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OUTLOOK
GM may source parts worth $1 b a year from India
The General Motors Chairman and CEO, Mr Rick Wagoner, who is visiting India after seven years and met with the Prime Minister and industry bodies here, said that the company would source from India components worth $1 billion annually over the ...
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Cairn starting seismic survey in Bihar
The block in north Bihar is under-explored; no hydrocarbons have yet been discovered
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RCF hopeful of meeting gas supply shortage
Rashtriya Chemical & Fertilizers Ltd (RCF) is hopeful of partly meeting the current shortage in gas supply. The shortage now works out to 10 million cubic metres per day for the company's existing gas-based plants. Mr Uday Shankar Jha, ...
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Tatas more bullish on Corus synergy
As the Tata-Corus integration process gathers momentum, the domestic steelmaker is now more bullish on the synergy potential of the merger than it was when it inked the agreement. "We expect the synergies to have higher valuation than the ...
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BEL eyes 30% share of defence offsets pie
Bharat Electronics Ltd aims to capture 20-30 per cent of the $10-billion defence offsets pie, its Chairman and Managing Director, Mr V.V.R. Sastry, said on Tuesday. The defence PSU, which ended 2006-07 with a provisional turnover of Rs 3,960 ...
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German robotics firm enters India
German robotics firm KUKA Robotics GMBH has launched its India operation with an aim to sell about 150 robots in the next one year. Targeting the automotive sector, the Indian subsidiary has set up a training and sales centre in ...
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PEOPLE
Hunt for ONGC top post: Panel considers new names
The race for the top job of ONGC seems to be getting tougher. The Search Committee scouting for Chairman and Managing Director of ONGC, which met today is understood to have considered the names of Mr Vikram Singh Mehta, Chairman, Shell India, ...
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