CORPORATE
CORPORATE DISPUTES
Decision on KG gas pricing within a month
CoS may be asked to submit the report to a Group of Ministers
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Bombay HC refers RIL plea for hearing
Mumbai, July 12 The Bombay High Court on Thursday referred an appeal of Reliance Industries Ltd to a division bench for further hearing. RIL led by Mr Mukesh Ambani has appealed against an interim order, which restrains from creating ...
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COURTS/LEGAL ISSUES
BSNL seeks legal opinion on cellular contract row
Contract terms finalised in consultation with legal advisors
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HUMAN RESOURCES
Govt raises retirement age in profitable PSUs
New Delhi, July 12 The retirement age of employees of profitable Central public sector undertakings (PSUs) is likely to get extended from 58 to 60.The Cabinet today gave approval to empower the Ministers concerned in various ...
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RESTRUCTURING
ACC sells non-core biz for Rs 30 cr
As part of its plans to quit non-core business, ACC Ltd sold its wholly owned subsidiary ACC Nihon Castings Ltd to VN Enterprises Ltd of Hindustan Udyog Group for Rs 30 crore. “Pursuant to the decision earlier taken by the ...
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MERGERS & ACQUISITIONS
Natco acquires pharmacy in US
Hyderabad-based Natco Pharma Ltd strengthened its retail operations in the US by acquiring SaveMart Pharmacy, a multi-utility drug store in Lancaster, Pennsylvania, for an undisclosed sum. SaveMart Pharmacy clocked $18 million sales ...
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Metro Tyres willing to offer stake to Continental
German partner enabling ride into competitive Europe turf
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IPG buys out FCB Ulka
Mumbai, July 12 IPG (Interpublic Group) has bought out the remaining 49 per cent stake in FCB Ulka. The advertising agency was a 51:49 joint venture between FCB (Foote Cone & Belding), an IPG company, and Ulka Advertising and was set up ...
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MSN group acquires Armour Pharma unit
Hyderabad, July 12 The MSN Group of companies, which is predominantly engaged in the bulk actives business, has acquired a unit of Armour Pharmaceuticals for an undisclosed amount to facilitate its foray into formulations.The ...
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NEW PROJECTS
Mahindra Holidays to invest Rs 600 cr
New resort projects coming up across the country
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RKKR plans Rs 500-cr steel project at Krishnapatnam in AP
Chennai, July 12 The Chennai-based RKKR Steels Ltd intends to put up a Rs 500-crore integrated steel project at Krishnapatnam, Andhra Pradesh, the company’s Director, Mr Rajiv Rai, told Business ...
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OVERSEAS INVESTMENTS
SAIL looking at minority stake in coal mines abroad
New Delhi, July 12 Steel Authority of India Ltd (SAIL) is looking at picking up minority stakes in coal mines not only in Australia but also in other parts of the world. This is in addition to the acquisition that are proposed to be ...
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ALLIANCES & JOINT VENTURES
RINL signs pact with Danieli for casting machines
Deal with BHEL for supply, erection of turbo blower
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Eros forms jt venture with Ayngaran
Mumbai, July 12 Integrated media company Eros International has forged a 51:49 joint venture with Ayngaran, which has a dominant share in the content and distribution industry. Eros will have a 51 per cent majority shareholding of ...
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OUTLOOK
DLF may snap up DCM Shriram land for Rs 1,750 cr
New Delhi, July 12 In what promises to be India’s largest land deal in monetary terms between two private parties, real estate major DLF is learnt to be on the verge of snapping up 112 acres of prime land in Delhi from DCM Shriram ...
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Smart car at smart price, says Bajaj Auto
Pune, July 12 The Bajaj Auto Ltd Managing Director, Mr Rajiv Bajaj, has reiterated the company’s foray into the passenger car segment with a vociferous assertion of being in the race, adding that it would come out with a “smart car ...
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Volvo working on common platform for Asia
Plans to treble export from India
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