CORPORATE
MODERNISATION
Kirloskar Bros investing Rs 150 cr for plant overhaul
Acquires Nagpur-based Gondwana Engineers
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ANNOUNCEMENTS
3 Ranbaxy products added to WHO list
New Delhi, Sept. 10 Ranbaxy Laboratories Ltd has said that three of its products have been added to the World Heath Organisation’s (WHO) pre-qualification list of antiretrovirals (ARVs). According to the Gurgaon-based company, this takes ...
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IOC losing Rs 80 cr a day on sale sops
Chennai, Sept. 10 Indian Oil Corporation is losing Rs 80 crore a day because of having to sell its products at a price lower than the cost, the company’s Chairman and Managing Director, Mr Sarthak Behuria, said today.At the ...
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OVERSEAS BORROWINGS
Bartronics India to hike capital
Bartronics India Ltd has informed the BSE that the company members have approved enabling resolution to hike the authorised capital and permission to raise up to Rs 500 crore and $50 million through FCCB or GDR issue. The shareholders at the 16th ...
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NEW BUSINESS
Madhucon gets Rs 81.20 cr project
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INSIGHT
SIXTH SENSE
Make open offers less taxing
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COURTS/LEGAL ISSUES
Novartis case: Govt seeks time to submit arguments
Mumbai, Sept. 10 Additional time has been sought by the Government to submit its arguments to the Madras High Court on the appointment of Mr Chandrasekaran as a technical member on the Intellectual Property Appellate Board (IPAB). The ...
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RESTRUCTURING
Marine foods biz sale: Hind Unilever terminates talks with Temptation Foods
Mumbai, Sept. 10 Hindustan Unilever Ltd has terminated its talks with Pune-based frozen foods exporter Temptation Foods Ltd, regarding the sale of its marine foods business, the company today said. “We were in talks with several ...
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MERGERS & ACQUISITIONS
Reliance to buy Malaysian polyester company Hualon
Price of deal not disclosed; buy will add 25% to Reliance’s capacity
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ITL set to bid for two European tractor cos
Also looking at Tractorul of Romania
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RIL may tap Hualon’s network
Addl market for its fibre intermediates
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NEW PROJECTS
BPCL’s mooring project to be ready by Nov
Kochi, Sept. 10 Bharat Petroleum Corporation’s (BPCL) Single Point Mooring (SPM) project is scheduled to be commissioned by November. The project, which was scheduled for completion by May 2007, was postponed to November on ...
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Tata Power targets financial closure of Mundra by fiscal-end
Project to be executed on 80:20 debt-equity ratio
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TRADE & LABOUR UNIONS
Akurdi plant not shut down, says Bajaj Auto
Pune, Sept. 10 Bajaj Auto Ltd on Monday denied that the Akurdi plant near Pune has been shut down, even as workers claim that production of two-wheelers has been totally discontinued from September 1 and that the assembly lines are ...
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ALLIANCES & JOINT VENTURES
NTPC, BHEL to form joint venture
To synergise operations in power
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OUTLOOK
ONGC renews interest in Cauvery deepwater asset
Brazil’s Petrobras holds 25% participating interest in the block
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Volvo India plans to double exports by next year
No capacity expansion planned
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Konecranes launching new range of rope hoists
Helsinki, Sept. 10 The Finnish company Konecranes will introduce a new range of rope hoists in India, set up an engineering centre and expand its service network in the market that it sees as among the fast growing ones. The company ...
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