CORPORATE
ANNOUNCEMENTS
Cairn asked to work out appraisal programme
Recent discoveries in Rajasthan Basin
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Tata Motors launches Winger, Magic
Tata Motors made an entry into the small capacity rural and urban passenger transportation segment with the launch of two new products. The first, a passenger version of the Tata Ace christened Magic and the other, a maxi-van modelled on Renault ...
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ACCOUNTING STANDARDS
Taskforce likely on UK, India corporate issues
To deal with corporate laws, regulation, e-governance
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OVERSEAS BORROWINGS
Foreign currency loans: IOC may save Rs 150 cr on interest
Forex rate of June 29 will be benchmark for interest payments
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DIVIDEND ANNOUNCEMENT
Ramsarup Industries full-year PAT up 57% at Rs 44 cr
Q4 net rises to Rs 11.3 cr; exports jump 370%
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NEW BUSINESS
BHEL bags Rs 139-cr NTPC order
Equipment major Bharat Heavy Electricals Ltd said on Monday that it has secured a Rs 139 crore order from NTPC Ltd for supply and commissioning of 27 transformers. NTPC will use the transformers for its Korba, Dadri and Farakka ...
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AWARDS & HONOURS
JSPL bags eco award
Jindal Steel and Power Ltd has bagged the Golden Peacock Eco-Innovation Award-2007 from the World Environment Foundation under the Energy Sector category. Representing the company, Mr A.K. Parsad, Assistant General Manager (Power Plant), and ...
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INSIGHT
PERSPECTIVE
The importance of succession planning
The CEO is in good health, and is not due to retire for the next five years, with a possible three-year extension. The company is performing well financially and appears in secure hands. The board is not thinking of a successor to the CEO, though ...
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IPR
Glivec: Novartis objects to bench composition
`Presence of former patents chief poses problem'
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MERGERS & ACQUISITIONS
IT, ITeS corner lion's share of outbound investments to US
They account for 48% of the total deals worth over $2 b in 2006-07
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Indian Oil-BRPL merger plan awaits Cabinet nod
IndianOil is expecting the Union Cabinet committee to approve the merger proposal of Bongaigaon Refinery and Petrochemicals Ltd (BRPL) with itself next month. "We are expecting the Cabinet note for the same to be circulated in June. Hopefully, ...
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SpiceJet denies in talks for stake sale
THE low cost airline, SpiceJet, is in no hurry to bring in new shareholders or raise additional funds by issuing more equity. Senior airline officials told Business Line that the two largest private shareholders in the low cost carrier ...
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NEW PROJECTS
Top priority for environmental clearances, says JSW Steel
Buying more land; aims at near-zero effluent status
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OVERSEAS INVESTMENTS
IT & BPO sector notches up $860 m in M&A deals
Cross-border deals touch $661 m during January-May
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ALLIANCES & JOINT VENTURES
JBM Auto enters joint venture with Japan cos
JBM Auto on Monday entered into a joint venture with Japanese-based Sumitomo Corporation and Nisshin Steel Corporation to produce auto steel tubes. As per the joint venture agreement, Sumitomo Corporation and Nisshin Steel would hold 24.5 per ...
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TCG partners with Forest for drug candidates
Kolkata-based TCG Lifesciences has partnered with Forest Laboratories Holdings to discover small molecule drug candidates for inflammatory diseases. Chemiotek, the chemistry and biology arm of TCG, will carry out this discovery research to ...
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OUTLOOK
Anil Ambani group pitches for transparent norms for Reliance's K-G gas pricing
Competitive bidding process for pricing of RIL's K-G basin gas
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Adroit plans luxury apartments in Chennai
Bangalore-based garment exporter Siddhartha Apparels that supplies to many global menswear brands in Europe, has diversified into the realty business through a new identity — Adroit. The company has acquired a 15-ground property at ...
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Brigade Hospitality plans Rs 1,000-cr hotel projects
`Industry will undergo correction in next few years'
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Tata motors plans to make Ace range in Uttarakhand
Tata Motors will begin manufacture of the Ace range of vehicles, including the newly launched Magic, at the company's new manufacturing facility at Uttarakhand. The Winger, however, will be produced at the Pimpri plant. Mr Shyam Mani, ...
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PEOPLE
Gulf Oil's arm may see management changes
Gulf Oil Corporation Ltd - a Hinduja group outfit - may witness changes in the top management position of its lubricants SBU (strategic business unit) in India. According to sources, Mr N.C. Shekharan, Head- Lubes SBU, may soon vacate ...
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