CORPORATE
ANNOUNCEMENTS
Volvo Car expands network
Volvo Car Corporation has announced the expansion of its dealer network in Delhi, Mumbai and Chandigarh. The company also said it would enter the Indian market with its launch of Sedan S80 and SUV XC90 in both petrol and diesel variants before ...
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Sisira Auto opens exclusive showroom
Kochi, July 24 Sisira Automobiles, a luxury bus body builder and tourist bus operator in South India, has opened an exclusive showroom for accessories and body building materials for luxury buses at Perumbavoor in Ernakulam district.The ...
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OVERSEAS BORROWINGS
Dhamra Port looks to secure foreign loan
Funding dredging project in Orissa
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NEW BUSINESS
BEML may bag Rs 1,200-cr order from Delhi Metro
New Delhi, July 24 BEML has emerged as the lowest bidder to supply 156 coaches for about Rs 1,200 crore to Delhi Metro Rail Corporation. “We have emerged as the lowest bidder to supply standard gauge coaches. “This ...
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ABG Shipyard secures Rs 1,460-cr Thai co order
Mumbai, July 24 ABG Shipyard Ltd informed the BSE on Tuesday that it has secured an order worth Rs 1,460 crore for construction of 12 vessels of approximately 32,000 DWT from Precious Shipping Public Co Ltd, Thailand, as a part of its ship ...
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COURTS/LEGAL ISSUES
Carrefour wins trademark case in HC
Chennai, July 24 The Madras High Court has held that the France-based Carrefour, running a chain of retail outlets in France besides European, Asian and West Asian countries, has established itself as the legal owner of the registered ...
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RESTRUCTURING
BILT undertakes recast
Plans to hive off 3 manufacturing units into a wholly owned subsidiary
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NEW PROJECTS
Ministry to monitor SAIL, Vizag Steel expansion projects
Proposal to review projects on monthly, quarterly basis
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Govt keen on Posco project: Paswan
New Delhi, July 24 The Union Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, has said that the Government is interested in facilitating the Posco steel project in Orissa. The Minster has conveyed this to the Korean ...
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JK Tyre to invest Rs 1,100 cr for expansion
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Adding capacity
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REGULATORY BODIES & RULINGS
Orchid gets US FDA nod for Cefdinir
Chennai, July 24 Orchid Chemicals & Pharmaceuticals Ltd has announced that it has received approval from the US Food & Drug Administration (FDA) for the launch of Cefdinir in the US market. Cefdinir is an antibiotic of ...
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ALLIANCES & JOINT VENTURES
Power exchange: NTPC-led group invites PFC, others
Only genuine users, producers can use the platform
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OUTLOOK
ONGC likely to begin production from KG Basin in 2012
Forms joint venture with GAIL for transporting, marketing gas
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Dr Reddy’s gearing up to be in global top-10 league
Hyderabad, July 24 Dr Reddy’s Laboratories Ltd is gearing up to join the league of top 10 generic companies in the world at the earliest.“We need to set our sights on achievements on a global scale. With the firm foundation ...
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LG targets Rs 400-cr turnover in Kerala
Kochi, July 24 LG Electronics India Pvt Ltd is targeting a sales turnover of Rs 400 crore from the Kerala market during the current fiscal against Rs 300 crore achieved in 2006-07. Unveiling the Onam promotional offer of the company ...
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Dabur unveils roadmap to double sales, profits
Revamped marketing strategy focusing on regional consumers
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PEOPLE
Reliance Petro appoints director
The board of Reliance Petroleum Ltd has appointed Mr Mike Warrick, who retired last year as CEO of Shell Trading, as a director. Mr Warwick has over three decades of experience in the oil industry, said a statement from Reliance. At Shell ...
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