CORPORATE
RESEARCH & DEVELOPMENT
Nicholas Piramal to take up research unit revamp at board meet
Mumbai, Aug. 27 Nicholas Piramal India Ltd is set to take up a proposal for the restructuring its research division and de-merger of its New Chemical Entity unit at a special board meeting held for this purpose on August 31. Currently, ...
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ANNOUNCEMENTS
ONGC detects thefts in its AP pipelines
Critical infrastructure of Oil and Natural Gas Corporation (ONGC) in Andhra Pradesh seems to be under increased threat of getting tampered.Pilferage and theft attempts on its pipelines carrying oil and gas, pressure valves, production ...
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OPEN OFFERS
Gati pact with KIL shareholders
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OVERSEAS BORROWINGS
Virinchi board nod to raise $20 m
Virinchi Technologies Ltd has informed BSE that the Board of Directors of the company approved the issue of Foreign Currency Convertible Bonds (FCCBs) up to $20 million and the issue of preferential shares. Following a meeting held here on August ...
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NEW BUSINESS
McNally Bharat bags crane order
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HUMAN RESOURCES
Toyota launches training programme in Pune
Pune, Aug. 27 The Toyota Technical Education Programme (TTEP), the training programme by Toyota, has been launched here. This is done by the Toyota Kirloskar Motor in conjunction with Toyota Motor Corporation and its dealer network in ...
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CORPORATE BONDS
S&P downgrades Tata Power bonds rating
Mumbai, Aug. 27 The corporate credit rating of Tata Power Co. Ltd and its $300 million senior unsecured bonds have been lowered to BB- from BB+ on Friday by Standard and Poor’s Rating Services. The rating is removed from ...
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MERGERS & ACQUISITIONS
L&T Capital invests Rs 100 cr for Rangsons stake
Mumbai, Aug 27 L&T Capital Company Ltd, a group company of Larsen & Toubro Ltd (L&T), has invested about Rs 100 crore for a stake in the Mysore-based Rangsons Electronics Pvt Ltd, an electronics manufacturing services ...
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Punjab Chemicals buys Dutch firm for Rs 225 cr
Mumbai, Aug. 27 Punjab Chemicals and Crop Protection Ltd (PCCPL), an agrochemical company, said that it has acquired the Netherlands-based Pegevo Beheer BV for €39.5 million (Rs 225 crore). Pegevo undertakes substance formulation ...
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NEW PROJECTS
Oberoi Group plans 60% capacity expansion in 5 years
Total investment of Rs 4,500 cr lined up
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Payment details of Singur car unit produced before Bench
Kolkata, Aug. 27 Counsel for Tata Motors on Monday produced the entire payment schedule for their small motor car unit at Singur, West Bengal, before the Division Bench comprising Mr. S.S. Nijjar, Chief Justice and Mr Justice P.C. Ghose of ...
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JK Paper sees new plant adding Rs 300 cr to topline
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ALLIANCES & JOINT VENTURES
TitleMatch to ‘screen’ UTV movies in US
Retailers can use DVD on-demand service to tailor product selection
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Taiwan’s machinery industry seeks tie-ups with Indian SMEs
Hyderabad, Aug. 27 Taiwan is looking for collaboration with Indian machinery industry especiallysmall and medium enterprises .“We have over 3,000 SMEs in the machinery industry and we see good potential for collaboration with ...
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INTERVIEW
‘Without SME, India’s growth story will not happen’
Chennai, Aug. 27 Is the Indian ‘fundamental’ story strong in the context of liquidity crisis? “Yes,” affirms Mr V.R. Srinivasan, CEO of Brics Securities. “Both large caps and mid-caps have nothing to fear about ...
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DIVERSIFICATION
Bhushan Steel plans 2 power plants
In talks with Orissa Govt for getting 3,500 acres more
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RIGHTS ISSUE
Swaraj Mazda rights issue may intensify boardroom battle
Will Punjab Tractors & Actis join hands to take on Sumitomo?
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OUTLOOK
Debate over Reliance’s gas pricing from KG basin rages on
What is the issue before the Empowered Group of Ministers (EGoM) and what exactly is it supposed to be discussing? The EGoM is the latest stop for the file pertaining to pricing of KG Basin gas by Reliance Industries; it has already done the ...
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‘India may emerge as regional petrochem hub’
Kolkata, Aug. 27 Tata Strategic Management Group is expecting India to emerge as a regional petrochemical production hub in next five to seven years. According to Mr Raju Bhinge, CEO of Tata Strategic Management Group, this will lead to ...
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HM sees positive growth in auto components biz
Earmarks Rs 75-cr investments in next 2 years
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Fortis looks at pan-India expansion
Rs 800 cr to be spent on setting up super-specialty hospital in NCR
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Seaways Shipping plans Rs 250-cr expansion
Hyderabad, Aug. 27 Seaways Shipping has embarked on an expansion drive covering fleet and new destinations at an investment of about Rs 250 crore during the current fiscal.The Chairman and Managing Director of Seaways Shipping, Mr ...
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TVS to focus on retail expansion
Mumbai, Aug. 27 Sales have plummeted in recent times for most of the players in the local two-wheeler industry. TVS Motor Co, one of the leading players in the segment, has been facing similar problem with sales dropping to 1,05,386 ...
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Hyundai ramping up dealership network
New Delhi, Aug. 27 With its second plant expected to be operational soon, Hyundai Motor India Ltd on Monday said that it would ramp up its dealer network in the country to push sales for the increased production. HMIL that had 167 dealers in ...
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Norit eyeing desalination, water purification projects
Opens sales office in Chennai; assures break-even in 2-3 years
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PEOPLE
Karl Slym to head GM India
General Motors on Monday announced the appointment of Mr Karl Slym, 45, as the new President and Managing Director, GM India, effective October 1. He replaces Mr Rajeev Chaba, 43, who has been appointed Chairman and Managing Director, GM Egypt, ...
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