CORPORATE
ANNOUNCEMENTS
ONGC finds new reserves in Tripura
Kolkata, Aug 20 ONGC has struck a new gas find at Sundalbari in Tripura. With this, the company has identified two new gas reserves in the State this year. According to company sources, the exploratory well Sundalbari-2 drilled in April ...
More
Cipla launches emergency contraception tablet
Mumbai, Aug 20 The “morning after pill” used in emergency contraception will now be available in India from the Mumbai-based Cipla under the brandname I-pill. Cipla is looking to generate awareness on this product to promote better ...
More
Golkonda hotel check-in counter at airport
The city-based Golkonda hotel has launched what it claims to be the first check-in and check-out counter at the Begumpet Airport here. The newly launched facility will help travellers to check into the hotel directly from the airport ...
More
OPEN OFFERS
Blackstone Group to acquire Gokaldas Exports for Rs 676 cr
Rs 275 per share for 50.1% stake; open offer for another 20%
More
CORPORATE DISPUTES
Tata Sky, Sun settle channel sharing row
New Delhi, Aug. 20 The Direct to Home (DTH) service provider Tata Sky and Sun Network have resolved their more-than-a-year-old dispute over pricing of channels. With 15 of Sun Network’s channels in its portfolio, Tata Sky will be ...
More
COURTS/LEGAL ISSUES
Madras High Court: The Novartis judgment — Choosing innovation benefits India
Choosing not to choose is a choice in itself. Earlier this month, the High Court in Chennai chose not to determine the future of pharmaceutical innovation in India. The Court deferred the decision on compliance of Section 3(d) of the Indian ...
More
RESTRUCTURING
Rane group restructures to eliminate cross-holdings
Chennai, Aug. 20 The Rane group on Monday announced a restructuring plan to eliminate cross holdings and to bring all the entities of the group under one holding company — Rane Holdings Ltd.The manufacturing operations of Rane ...
More
MERGERS & ACQUISITIONS
JSW Steel may buy Jindal SAW’s plate mill in US
Mumbai, Aug. 20 The board of JSW Steel Ltd will consider acquisition of a plate mill in the US.Sources said the board will go through the due diligence reports on the plate, double jointing and coating and pipe mill facilities of Jindal ...
More
NEW PROJECTS
SBI nod for GEECL debt-finance
Great Eastern Energy Corporation Ltd (GEECL), a Y Modi group company, on Monday announced lining up $25 million or Rs 100-crore debt-finance from State Bank of India. The company has already received an approval from SBI in this regard. ...
More
OVERSEAS INVESTMENTS
Finance Ministry gives nod for coal SPV
New Delhi, Aug. 20 The Finance Ministry has given its approval to set up a special purpose vehicle (SPV) promoted by five public sector companies to scout and acquire coal properties abroad.“Apart from the Finance Ministry, we ...
More
REGULATORY BODIES & RULINGS
USFDA nod for Ranbaxy’s pain relieving drug
New Delhi, Aug. 20 Ranbaxy Laboratories has said it has received approval to make and sell the generic version of the pain killer Hydrocodone Bitartrate and Acetaminophen. Abbot’s registered version of the drug sells as Viocodin. ...
More
DCA not to accept physical documentation in future
In its drive to make e-governance initiatives 100 per cent online, the Department of Corporate Affairs (DCA) on Monday announced that in the next 3-4 months, it would refuse to accept physical documentation including those of stamp papers from ...
More
TRADE & LABOUR UNIONS
Workers from 3 power utilities to go on strike
3-day strike to start from Tuesday midnight
More
ALLIANCES & JOINT VENTURES
Gujarat Gas, GSPC join hands for gas marketing
Distribution in entire Valsad district
More
Ansal Properties, IL&FS Invest pact
Real estate company Ansal Properties & Infrastructure Ltd has signed an agreement with IL&FS Investment Managers Ltd (IIML), the private equity arm of IL&FS, to develop township and IT SEZ in Gurgaon. Under the project, a township and ...
More
OUTLOOK
DaimlerChrysler to launch new C-class Merc in India soon
Pune, Aug. 20 DaimlerChrysler India (DCI) will launch the new C-class Mercedes car it launched in Europe earlier this year, in India early next year. Dr Wilfried Aulbur, company’s CEO and Managing Director said, “We are ...
More
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds