CORPORATE
ANNOUNCEMENTS
Sobha Developers to sign MoU for hi-tech city in Kochi
Kochi, Aug 18 The Bangalore-based Sobha Developers Ltd is setting up a Rs 5,000-crore hi-tech city project in Kochi to create an integrated city of world class standards with a focus on R&D, knowledge dissemination, electronics, IT and ...
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NEW BUSINESS
HCC order
Hindustan Construction Company has bagged a Rs 415-crore water tunnel project from BMC to be completed in 2012. This is the second major order bagged by the company from BMC for water tunnel construction. ...
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AWARDS & HONOURS
MRPL wins safety award
Mangalore Refinery and Petrochemical Ltd (MRPL) won a safety award for 2006 from the Directorate General Factory Advice Service and Labour Institutes under the Union Ministry of Labour and Employment. A company release said MRPL has been declared ...
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RESTRUCTURING
Shareholders approve Bajaj demerger
Pune, Aug.18 The scheme of arrangement between Bajaj Auto Ltd, Bajaj Holdings & Investment Ltd and Bajaj Finserv Ltd was approved today by shareholders and unsecured creditors. The extraordinary general meeting was held at the ...
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NEW PROJECTS
Essel Propack sets up unit in Uttarakhand
Mumbai, Aug. 18 Essel Propack Ltd, manufacturers of laminated tubes, has set up a factory at Uttarakhand for the manufacture of speciality packaging material for food, pharmaceutical and personal care products at a project cost of Rs 65 crore. ...
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Steel expansion may need Rs 2.8-lakh-cr
Ministry estimates capacity to touch 120 mt by 2011-12
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ALLIANCES & JOINT VENTURES
Triveni signs pact with Chinese firm
New Delhi, Aug. 18 Triveni Engineering and Industries, which manufactures sugar and engineered-to-order mechanical equipment, has said it has signed an agreement with Beijing Beizhong Stem Turbine Generator (BZD) for distributing and marketing ...
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Visa power
Visa Steel has signed a joint venture agreement with Baosteel Trading Co. Ltd. (China) and VISA Comtrade AG (Switzerland) to set up a 100,000 tpa ferro chrome plant in Orissa at a cost of Rs 260 ...
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INTERVIEW
All that you wanted to know about sub-prime crisis
Chennai, Aug. 18 Sub-prime is prime news. “Indian markets catch sub-prime chill,” declares Forbes. Sub-prime ills are not hitting the markets closer home, assures SEBI. Meanwhile, WNS, India’s second-largest BPO, has ...
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STANDARDS & BENCHMARKS
LME tag for Hind Zinc’s lead
Hindustan Zinc Ltd, a subsidiary of Sterlite Industries India Ltd, has achieved the London Metal Exchange (LME) registration for the lead ingots produced at its Chanderiya lead smelter. The LME registration signifies highest product quality, ...
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SICK UNITS
Revival of 17 Central PSUs awaits Govt approval
Reconstruction board clears revamp package for 47 cos
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Centre may invoke Act to take over closed tea gardens
Panel set up to evaluate proposal for management change
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OUTLOOK
IOC may commission Paradip-Haldia pipeline project by December
Monsoon delays work; expects to restart in October
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DTS-Si: Bajaj’s swirling, new tech
Based on DTS-Si technology, the new engine is expected to give good mileage without compromising on performance.
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