CORPORATE
RESEARCH & DEVELOPMENT
Are investors willing to bite the research bullet?
Pharma cos hiving off research divisions
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IBPL signs R&D pact with Viropro of Canada
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ANNOUNCEMENTS
SVPCL public issue to open on Oct 22
Price band fixed at Rs 40-45
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Tezpore Tea gets nod for estate sale
Tezpore Tea Company Ltd has informed the BSE that members of the company by way of postal ballot have passed an ordinary resolution for sale or transfer or other disposal of the whole or any part of the undertaking and business including, land, ...
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Eicher Motors hikes CV prices
New Delhi, Oct 16 Eicher Motors Ltd on Tuesday announced an increase of 2-2.5 per cent on the price of its commercial vehicles (CVs) across all categories. Recently, Ashok Leyland said that it was considering a marginal price hike ...
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NEW BUSINESS
Housing Development bags Mumbai airport slum rehab project
Over 2.5 million sq ft of built up area needed to resettle about 80,000 slum households
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AWARDS & HONOURS
Electronic Corp’s CMD gets award
The Chairman and Managing Director of the Electronics Corporation of India Ltd (ECIL), Mr K.S. Rajasekhara Rao, has been conferred the ‘Indira Gandhi Memorial National Award-Best Chief Executive Gold Award-2007’.The Andhra ...
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Kiran Shaw gets French award
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COURTS/LEGAL ISSUES
‘Maruti workers’ cases still pending’
The People’s Union for Democratic Rights on Tuesday released a report stating that cases of workers dismissed by Maruti Suzuki India Ltd in 2001 were still pending in the court in spite of a High Court ruling that directed the Labour Court ...
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FINANCIAL PERFORMANCE
BOC India net dips in Q2
BOC India Ltd, now a member of the Linde Group, has reported a sharp drop in net profit at Rs 7.08 crore in the second quarter of 2007-08 compared with Rs 11.84 crore in the corresponding period of last year. The profit before tax at Rs 12.28 ...
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MANPOWER
Bajaj Auto offers VRS to Waluj workers
Pune, Oct. 16 Barely two months after giving 4,000-odd workers at its Waluj plant near Aurangabad a wage revision, Bajaj Auto Ltd has put out a Voluntary Retirement Scheme (VRS) here. The management has denied that a similar VRS is in ...
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MERGERS & ACQUISITIONS
‘M&A activity declines in Q2’
New Delhi, Oct 16 The global slowdown and absence of big ticket overseas acquisitions by India Inc have led to a sharp decline in the merger and acquisition activities by domestic firms in the international market during the second quarter ...
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Bennett, Coleman to take 8% in Ritesh Properties
Mumbai, Oct 16 Ritesh Properties & Industries Ltd’s board on Monday approved an eight per cent stake to Bennett, Coleman & Co Ltd (B&C). As per the agreement, Ritesh Properties would issue 8,40,000 shares of Rs 60 each ...
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NEW PROJECTS
Vizag Steel plans capacity expansion
Supply contracts with coking coal majors being firmed up
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Metso to expand capacity in India
New Delhi, Oct. 16 Finnish equipment maker Metso Minerals said it will expand its manufacturing and foundry capacities and office premises in India with a combined investment of €12.5 million. The decision to invest is due to the ...
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IMPACT
HDIL to benefit from airport project
Expects revenue flows of Rs 18,000 crore
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ALLIANCES & JOINT VENTURES
Bharati, Apeejay tie up to build shipyard
Coimbatore, Oct 16 Bharati Shipyard Ltd (BSL) has signed with Apeejay Shipping Ltd, one of the largest private ship owners, an agreement for a 50:50 joint venture for setting up a ship building yard along the eastern coast of the country. ...
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DIVERSIFICATION
Apollo Tyres plans hospital in Kalamassery
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OUTLOOK
Kerala hopes for early pact with SAIL to revive Steel Complex
Experts at the facility are working to enhance production capacity
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