CORPORATE
ANNOUNCEMENTS
BEML follow-on offer opens on June 27
The Bangalore-based Bharat Earth Movers Ltd (BEML) is entering the capital market with a follow-on public offer. The company intends to sell about 49 lakh new shares of Rs 10 each to fund the expansion of the metro coach manufacturing facility ...
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Autoline calls off deal with Stokota
Auto component manufacturer Autoline Industries Ltd (AIL) has called off a Rs 68-crore deal to acquire 51 per cent stake in Belgian company Stokota NV. The MoU signed earlier this February has been terminated. Mr Gopal Patwardhan, Director of ...
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Indiabulls Real Estate looking at north Chennai
Setting up land bank in the city; eyes Bangalore, Hyderabad
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LNG terminal: Petronet defers deadline for bids to July 31
Co trying to resolve pending issues with Cochin Port Trust
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GV Films plans Rs 50-cr multiplex unit near Chennai
GV Films intends to put up a Rs 50-crore multiplex theatre on the outskirts of Chennai in joint venture with the present owner of the land selected for the project. Sources in the company told Business Line that the complex would house a ...
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Ford mulls launch of Fusion diesel variant
Ford India on Wednesday said that it would launch a diesel variant of Ford Fusion. "Seventy per cent of our sales of Ford Fiesta, our largest selling model, is in the diesel category," said Mr Arvind Mathew, President and Managing Director, at ...
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Thomas Cook ushers in franchise model
Thomas Cook will be opening its first franchisee outlet at Ullasnagar early next week. The company plans to open 35 such outlets across India by December. Speaking to Business Line, Ms Nalini Gupta, President and Head (Travel ...
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CORPORATE DISPUTES
Danone sees early end to dispute with Wadias
Urgency to enter the dairy biz may quicken a settlement
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OVERSEAS BORROWINGS
Tata Motors raising $450 m in global markets
For meeting capital expenditure needs
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NEW BUSINESS
PSL bags orders worth Rs 380 cr from Sharjah, Malaysia; plans China venture
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Ericsson bags two BSNL contracts
Bharat Sanchar Nigam Ltd has awarded Ericsson two contracts for deploying technology that will enable downloads and ringback tones for BSNL's mobile users. Under one contract, Ericsson is responsible for providing a content service that allows ...
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AWARDS & HONOURS
French honour for Ashwini Kakkar
The Vice-Chairman of Mercury Travels and Chairman of a Bangalore-based travel portal VIA, Mr Ashwini Kakkar, has been honoured with `Orde national du Merite' in the name of the President of French Republic by the Ambassador of ...
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MANAGEMENT
Women and management
Gender issues have caught the attention of the corporate world. Part of a broader concern with women's rights and privileges, they have led to the formulation of policies to acknowledge and assign them their ...
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`Managers must be evaluated on cross-cultural competence'
Though corporate India employs 20-30 per cent women in various roles, hardly one per cent of them actually move to top positions such as CFOs, CEOs and COOs. Compare this to the US, where women form about 50 per cent of the corporate workforce, ...
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NEW PROJECTS
Singur issue
BLOWING IT BIG: The Trinamool Congress supporters staging a protest by flying a balloon against land acquisition for the proposed small car project of Tata Motors at Singur in front of Tata Centre in Kolkata on Wednesday. ...
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REGULATORY BODIES & RULINGS
Ranbaxy gets tentative approval for generic Norvasc
Ranbaxy Laboratories said it has received tentative US Food and Drug Administration's approval to make and sell generic version of hypertension drug and coronary Norvasc. The approval is for Amlodipine Besylate tablets of three strengths. ...
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Nod for APL drug
HYDERABAD: Aurobindo Pharma Ltd has received approval from Medicines Control Council of South Africa for its Amoxycillin capsules in 250 mg and 500 mg strengths. Amoxicllin is a Beta-lactam antibiotic used in treating respiratory ...
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ALLIANCES & JOINT VENTURES
Mittal-HPCL deal: Cabinet may decide today
For picking 49% in Bhatinda refinery
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Emaar MGF in tie-up with UK hotel chain
Real estate firm Emaar MGF announced a 50:50 joint venture with Premier Travel Inn, a subsidiary of UK hospitality company Whitbread PLC. With an investment of up to Rs 2,400 crore, the joint venture will develop and operate 80 limited services ...
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OUTLOOK
Bosch developing cheaper key components for low-cost cars
New CRDi, anti-braking system to cost 30% lower
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Mahindra steers into lifestyle SUV niche with Scorpio Getaway
Mahindra-Renault has no immediate plans to foray into the small car passenger segment. "It is market speculation in the context of the statement made by Mr Carlos Ghosn, President and CEO, Nissan-Renault during his visit to India. Mr Ghosn had ...
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PEOPLE
TTK Healthcare gets new CEO
Mr S. Krishnamurthy is the new CEO of TTK Healthcare Services, the company said. The third-party health insurance administrator is based in Bangalore and is a joint venture between the TTK group and Swiss Re. Mr Krishnamurthy, a former BIS ...
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