CORPORATE
ANNOUNCEMENTS
Fiat discontinues ‘Adventure’
Fiat India has discontinued the Fiat Adventure (sport estate). Based on the global 178 (Palio) platform, the estate model has been discontinued for the last two months said the official spokesperson of the company. The company posted ...
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Elpro to pay back shareholders with a premium
To offer Rs 173 per share for Rs 10 face value
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Man Ind’s new unit on stream
Man Industries (India) Ltd, manufacturer of large diameter submerged arc welded line pipes and coating systems, has commissioned new production line for H-SAW pipes. The mill has a capacity of 2 lakh tonnes/year. The mill is producing pipes for ...
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CORPORATE DISPUTES
Govt clears Reliance gas formula with some changes
Price fixed at $4.2 per mBtu, exchange component goes
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INSIGHT
‘Lean’ governance
For those who have to transact with other countries, the good news is that the Ministry of External Affairs (MEA) has opened a branch in Chennai with the promise of more passport offices in other towns. The bad news can only be experienced by ...
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ACCOUNTANCY
Accounting package
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Tally unveils ‘earn while you learn’ programme
Chennai, Sept. 12 Accounting software company Tally (India) Pvt Ltd has launched Pragati, an ‘earn while you learn’ programme.Targeted at the student community, the programme is designed to enhance students’ ...
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MERGERS & ACQUISITIONS
Global M&As: ‘The hunted are fast becoming the hunters’
Chennai, Sept. 12 Companies from BRIC nations (Brazil, Russia, India and China) are fast closing the gap on their counterparts in developed nations in terms of cross-border acquisitions, according to KPMG’s ‘Emerging Markets ...
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Siemens completes SITS acquisition
Mumbai, Sept. 12 Siemens Ltd on Wednesday said it had completed the acquisition of Siemens Industrial Turbomachinery Services Pvt Ltd (SITS) from Pimac Engineers Pvt. Ltd. Siemens had acquired a 51 per cent stake in April 2005 and then ...
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NEW PROJECTS
Fenner, Caparo setting up units in TN
Chennai, Sept. 12 The Tamil Nadu Government has entered into two separate agreements with Fenner India Ltd and Caparo Engineering India Pvt Ltd to set up manufacturing units in the Nilakottai Sipcot Industrial Estate in Dindigul ...
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Vikas WSP plans Rs 735-cr expansion
Hyderabad, Sept. 12 Vikas WSP Ltd, a manufacturer of gaur gum polymers and derivatives, will invest Rs 735 crore in expanding capacity.“We will be setting up two new plants at Bikaner and Baroda for manufacturing organic polymers ...
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OVERSEAS INVESTMENTS
Marico looks for more
The company finds the inorganic route to growth a swifter way to scale up.
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TRADE & LABOUR UNIONS
MICO Jaipur unit staff to strike work
Bangalore, Sept 12 Motor Industries Company Ltd (MICO) has informed the Bombay Stock Exchange that its employees’ union at its Jaipur plant has given notice of its intention to strike work from September 13, in connection with its ...
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ALLIANCES & JOINT VENTURES
Shriram Properties ropes in Starwood, Walton Street
For Rs 5,500-cr integrated township project in W. Bengal
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UK’s Ultra Motor to sell e-bikes through Reliance retail outlets
Signs exclusive marketing agreement
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DIVERSIFICATION
NTPC plugs on to LED lamps manufacture
FUTURE OF LIGHTING
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Deccan Aviation eyes aerial mapping
Bangalore, Sept. 12 Deccan Aviation, which plans to hive off its Air Deccan airline venture, will foray into aerial survey and mapping, according to Executive Chairman, Mr G.R. Gopinath.While the demerger of the two companies is still ...
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BONUS ANNOUNCEMENTS
Kernex’s bonus share plan okayed
Kernex Microsystems India Ltd has informed BSE that members at the 15th Annual General Meeting of the company have approved the issue of bonus shares in the ratio of one new share (bonus share) for every ten shares held by the shareholders. ...
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STANDARDS & BENCHMARKS
A mineshaft to test elevators!
Recently in Helsinki The scene: surreal – a team of journalists and officials from a company, sit across a table, between them is a sumptuous spread of food and wine. So, what’s new you may ask? It is the location ...
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OUTLOOK
ONGC to improve reserve projections in KG basin
Plan to be submitted by month-end
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US co initiates talks to tap solar energy from space
Space Island moots Indo-US initiative in energy security
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Nissan Motor keen on expanding CBU portfolio
New look X-Trail may be launched by next year
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PEOPLE
Haldia Petro inducts IFCI nominee on board
Kolkata, Sept. 12 The board of directors of Haldia Petrochemicals today appointed an IFCI nominee on the board. On Tuesday, The Chatterjee Group (TCG) had made a verbal plea before the High Court for preventing the HPL board from ...
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