CORPORATE
ANNOUNCEMENTS
Reliance Petroleum picks Dow Global process for PP unit
Reliance Petroleum Ltd has chosen the UNIPOL PP process of Dow Global Technologies for its 9 lakh tonnes-per-annum polypropylene (PP) production facility, according to a statement from the Dow group. Dow Global Technologies is a wholly owned ...
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AWARDS & HONOURS
`Visvesvaraya Award' for SSI unit
`Presentation of awards to industrial units are not merely to recognise the standards reached by them but also to showcase the committed involvement to social causes that form part of the selection process' said Mr P.C. Duraisamy, Managing ...
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MERGERS & ACQUISITIONS
UB Group acquires Whyte & Mackay for £ 595 m
Acquisition plugs a `missing link' in the UB's product portfolio
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Mallya open to discussion on import duties
On which side of the industry divide on import duties is Mr Vijay Mallya now, given his company's high-profile acquisition of Scottish spirits maker Whyte & Mackay? Mr Mallya had in the past joined voices with the domestic alcoholic beverages ...
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L&T scouting for buys in West Asia
L&T is on the lookout for acquisitions overseas in the engineering and construction space, with focus on the West Asian market. Leveraging on the current economic buoyancy in West Asia, the company plans to ramp up its presence in a slew of ...
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£325 m raised on the strength of Whyte & Mackay's assets
The acquisition of Whyte & Mackay by United Spirits is through a combination of recourse as well as non-recourse funding. The £325-million debt has been raised on the strength of the target company's (Whyte & Mackay) assets, which includes
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Century Plyboards to take over 3 private outfits
Combined capacity is 20,000 sq.m/day
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NEW PROJECTS
Tata Power engages Korean firm for Mundra project
Contract will handle 45% of work, quicken project pace
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Sauer-Danfoss opens new facility at Pune
Sauer-Danfoss Inc has inaugurated its new manufacturing facility at Kesnand Industrial Estate near Wagholi in Pune. Talking to presspersons, Mr Wolfgang Weisser, Vice-President, Sales and Marketing, Greater Europe and Chairman of the Board of ...
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`AP Govt misleading farmers on alumina project'
Launches stir against proposed land sale to Gulf co
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ALLIANCES & JOINT VENTURES
Ripley's in tie-up for India foray
Ripley's Entertainment is set to bring three of its attractions — Ripley's Believe it or not, Guinness World Records and Louis Tussaud's Wax Museum — to India through a tie-up with Innovative Film City. This is said to be Ripley's ...
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Yatra Capital in pact for Pune housing projects
The NYSE Euronext-listed Yatra Capital Ltd has tied up with Pune-based real estate promoter Kolte Patil Developers Ltd for developing three properties. The India-focussed investment company will pick up 49 per cent stake in the joint venture, ...
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Petronet in talks with Spanish co Union Fenosa
Petronet LNG Ltd (PLL) is at an advanced stage of negotiations with Spanish gas and electricity major Union Fenosa for it to come in as a stakeholder into the company by subscribing to PLL's foreign currency convertible bond (FCCB) issue. If ...
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OUTLOOK
DS Group rules out Airport Hotel sale
The Dharampal Satyapal (DS) Group plans to develop hotels in the luxury and budget segments on the Airport Hotel property by 2009-10, according to Ms Bhavna Sood, Vice President, Corporate Communications, DS Group. The company had acquired the ...
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PEOPLE
Reliance ADAG's music unit CEO
Mr Kulmeet Makkar has joined as CEO of Reliance ADA Group's new Music and Home Entertainment division. Mr Makkar was earlier heading the music company Saregama with whom he has been associated for the last 18 years. ...
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