CORPORATE
ANNOUNCEMENTS
IIL forays into nutraceutical animal feed market
Hyderabad, Aug. 10 Indian Immunologicals Ltd (IIL) has forayed into animal feed segment by launching nutraceutical animal feed products and is targeting to capture over 10 per cent of the domestic market over the next year.“Our ...
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OUTSOURCING
GM plans to source parts worth $250 m from India
No plans for third small car
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COURTS/LEGAL ISSUES
‘RIL, RNRL sales agreement doesn’t need Govt approval’
The Union Government’s approval is not needed while executing a gas sale agreement between Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd (RNRL). The production sharing contract (PSC) between RIL and the Union ...
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MERGERS & ACQUISITIONS
Speciality Papers buys 3 cos for Rs 328 cr
Mumbai, Aug. 10 BSE-listed Speciality Papers on Friday acquired three companies — Reliable Papers, Opel Paper Mill and Prime Industries — for a total consideration of Rs 328 crore.The company’s board has approved a ...
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NEW PROJECTS
Mitsubishi opens Rs 50-cr TN facility
Mitsubishi Heavy Industries India Precision Tools Ltd (MHI-IPT), formerly SRP Tools Ltd, inaugurated its new manufacturing facility at its existing premises in Ranipet near Chennai on Friday.The new Rs 50-crore facility would double the ...
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‘Small car project being delayed’
But we will make it up: Ratan Tata
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Compact Disc to set up Rs 50-cr animation studio at Kinfra park
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Nature's Essence plans IPO
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OVERSEAS INVESTMENTS
Turkey refinery: IOC may tie up with KMG, ENI
IOC already has a 51:49 jt venture with Calik Holding
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Tata Tea plans to enter Russia, CIS markets
50:50 joint ventures proposed in Russia
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AMR Const to foray into Indonesia, W. Asia
AMR Constructions Ltd (AMRCL), a Hyderabad-based infrastructure company, has firmed up plans to enter Indonesia and West Asian countries for mining of coal and limestone for cement industry. In Indonesia, AMRCL has formed a joint ...
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ALLIANCES & JOINT VENTURES
Hind Copper plans joint venture for Banwas mine
Kolkata, Aug. 10 Public sector Hindustan Copper Ltd (HCL) plans a joint venture with a foreign partner to develop the Banwas copper mine in order to increase ore production of the Khetri Copper Complex in Rajasthan, according to Mr S.C. Gupta, ...
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Munich Re keen on India ventures
Group company Ergo in talks with potential partners
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Indiareit partners with Skyline for projects worth Rs 700 cr
Mumbai, Aug. 10 Real estate venture fund, Indiareit Fund Advisors, announced its interest in partnering Skyline Constructions & Holdings Pvt. Ltd., with an investment of Rs 225 crore on Wednesday. Indiareit manages a corpus of over $300 ...
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Tata Power, Toshiba pact for steam turbine generators
Mumbai, Aug. 10 Tata Power has signed an agreement with Toshiba Corporation for supply of five 800 MW steam turbine generators for its 4,000 ultra mega power project (UMPP) at Mundra in Gujarat. The Japanese company’s work ...
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SICK UNITS
Centre mulling package for FACT
Thiuruvananthapuram, Aug 10 A relief package to help Fertilisers and Chemicals Travancore Ltd (FACT) come out of the crisis it is currently going through is under the consideration of the Centre.The package includes restoration of ...
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OUTLOOK
Cairn India facing rig hurdle at Ravva field
Plans sharing rigs with other operators
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Marico looks to grow in functional foods
Plans range under Saffola brand
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Hyundai not to enter 1-tonne carrier segment
Hyundai Motor India (HMI) has called off its plans to venture into the one-tonne carrier segment. According to Mr Arvind Saxena, Vice-President, Marketing and Sales, the company conducted a feasible study that concluded two months back, and ...
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Honda sets sales target of 3,800 units of CR-V model
Evaluates the possibility of SKD operation for the model
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