CORPORATE
RESEARCH & DEVELOPMENT
Treatment of pharma R&D costs
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DIVERSIFIED
DSK group in deal with Worldman
Pune, Sept. 19 The Rs 1,600-crore DSK Group, a player in construction, automobile, education, IT training and software development, has signed an exclusive deal with Worldman Technology Company Ltd, a TCL group company. Ms Hemanti D. ...
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ANNOUNCEMENTS
Murli Ind appoints Kadel Insurance
Murli Industries Ltd of Nagpur has appointed Hyderabad-based Kadel Insurance Brokers as their general insurance brokers. Murli Industries, which started as an agro products company, has diversified into paper, solvent extraction and power ...
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BUYBACK
SEBI clarifies buyback regulation
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PREFERENTIAL ALLOTMENTS
Srei Infra mulls pref issue to promoter group
Kolkata Sept. 19 The board of directors of Srei Infrastrure Finance Ltd (SIFL) has proposed a preferential issue of up to 2.5 crore warrants to the promoter group, which on conversion will increase their holding to over 35 per cent from the ...
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NEW BUSINESS
NCC-POSCO wins order
Nagarjuna Construction Company (NCC) in consortium with POSCO E&C, of South Korea has bagged an EPC (engineering, procurement and construction) contract valued at Rs 1,558 crores from Steel Authority of India (SAIL) for IISCO Steel Plant at ...
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KEC bags deal in Afghanistan
KEC International Ltd has bagged a major Asian Development Bank funded contract from Afghanistan's Ministry of Energy & Water through an international competitive bidding process which will be completed in 18 months. It will be executed in two ..
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Nagarjuna moving up the value chain
Consolidating position as EPC provider
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AWARDS & HONOURS
Mahindra bags Microsoft award
Mahindra & Mahindra has been recently awarded the Microsoft Security Strategist Award 2007 (in the General Industry category). The award acknowledges organisations for their outstanding leadership in the field of information security and ...
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MERGERS & ACQUISITIONS
Orient-Express share price unaffected
The shares of US-based Orient-Express Hotels in which the Taj group picked up 10 per cent stake opened strongly at $53.99 on New York Stock Exchange on Wednesday as opposed to previous day’s close of $53.19. The company’s ...
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Reliance MF buys shares in CCL Products
Mumbai, Sept. 19 Reliance Mutual Fund today bought 9,56,680 shares of CCL Products (India) Ltd. This opened Reliance Mutual Fund’s account in CCL, and they now have a stake of 7.19 per cent in the company according to data ...
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NEW PROJECTS
Tata Motors appoints first batch of Singur youth
Mumbai, Sept. 19 Tata Motors Small Car plant at Singur, West Bengal, has issued appointment letters to 17 youth from Singur villages. They received the letters in the plant premises. This first batch consists of the 17 Industrial ...
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TRADE & LABOUR UNIONS
Talks fail to resolve Bajaj Akurdi dispute
Pune, Sept. 19 The stand-off between workers and management of Bajaj Auto Ltd over the closure Akurdi plant continues as talks today failed to produce any results. The management has called for a second round of talks at a date fixed by the ...
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ALLIANCES & JOINT VENTURES
Somani Group signs MoU with ThyssenKrupp
New Delhi, Sept. 19 The Rs 2,000-crore Somani Group, with interests in steel, engineering, education and power, has signed an MoU with ThyssenKrupp GfT Gleistechnik, a railway equipment manufacturer, to form a joint venture. The ...
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BPCL joint venture with US co
BPCL would be forming a $29-million joint venture company with the US-based Matrix Marine Fuels LLC primarily for expanding bunkering business. The joint venture would be based out of Singapore. BPCL’s board gave the approval on Wednesday. ...
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VENTURE CAPITAL
TVS group sets up private equity fund to focus on mid-cap, family-owned companies
Chennai, Sept. 19 The TVS Group has set up TVS Capital Funds Ltd, which will make late-stage investments in private companies and in mid-cap, family-owned businesses across sectors in India. TVS Capital Funds Ltd, an asset management company, ...
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DIVERSIFICATION
Britannia plans entering new foods biz
Aims at creating brands that are ‘differentiated’
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BONUS ANNOUNCEMENTS
‘ONGC stock split, bonus issue in due course’
ONGC Videsh bags three blocks in Colombia
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OUTLOOK
ONGC seeks market price for gas
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ONGC pegs KG basin investment at $5 b
New Delhi, Sept. 19 ONGC plans to begin production from its ultra deep sea gas discovery in the Krishna-Godavari basin off the east coast by 2012-13. The company is looking at an investment of $4.5-5 billion for developing the ...
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‘It’s Vodafone from tomorrow’
Mumbai, Sept. 20 The brand name Vodafone will replace Hutch from September 21, fully reflecting the change in ownership of the GSM wireless telephony operator.The brand transition will be made over the next few weeks through a ...
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Tata Motors plans to launch LCV range by 2008
Gears up to roll out next gen models
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