CORPORATE
ANNOUNCEMENTS
Reliance makes 2nd gas find in Krishna basin
Mumbai, Nov. 6 Reliance Industries said that it has made a second gas discovery in what it referred to as the “Miocene clastics reservoir” in the Krishna basin. The company holds 100 per cent participating interest in the block. ...
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GSK set to launch cancer drug Tykerb in India
Lines up 2 in-licensing deals, vaccines for 2008
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GE Shipping orders 2 vessels
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HUL to sell Chennai property
Hindustan Unilever Ltd is selling a 2.91-acre property at Pallavaram, a southern suburb of Chennai, on the GST Road (NH45). The property popularly referred to as the ‘Ponds Factory’ is being marketed by international real estate ...
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HUMAN RESOURCES
Indian CAs on the radar of global cos
Gulf between demand and supply very wide: ICAI chief
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MERGERS & ACQUISITIONS
Manipal AcuNova buys German co
Bangalore, Nov. 5 Contract research organisation Manipal AcuNova Ltd announced its European foray with the acquisition of a German CRO, ECRON GmbH, for an undisclosed sum.The new entity, ECRON AcuNova, marks one of the first overseas ...
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Re appreciation opens new M&A opportunity for India: Assocham
New Delhi, Nov 6 Appreciation of rupee against the dollar has thrown a new M&A opportunity for India Inc, which wants to reach out to the world by acquiring concerns on a global scale, according to the industry chamber, Assocham. A ...
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NEW PROJECTS
Setback for Videocon SEZ plan
Maharashtra Govt stays land acquisition process
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Bharat Oman Refineries IPO by March
Bharat Oman Refineries Ltd will come up with an initial public offer by March 2008 to raise Rs 2,000 crore , Bharat Petroleum Corporation’s Chairman and Managing Director, Mr Ashok Sinha, said today. The money would be used to ...
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Areva begins work on new facility near Chennai
Chennai, Nov. 6 Areva T&D has started work on setting up a large capacity, high voltage circuit breaker manufacturing facility near Chennai.The facility at Padappai to the south of Chennai, where it will make circuit breakers up to ...
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Ferrero to set up plant near Indapur
To invest Rs 140 crore
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OVERSEAS INVESTMENTS
PSL achieves financial closure for Mississippi venture
Mumbai, Nov. 6 Mumbai-based pipe manufacturer PSL Ltd said on Tuesday that it had achieved financial closure for the development of its integrated pipe manufacturing and coating joint venture at Bay St. Louis, Mississippi.It has raised ...
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ONGC Videsh in talks for buying stake in Sudan blocks
Already has a presence in 3 blocks in the African country
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Men’s wear major Zodiac Clothing plans US foray
Sees potential in women’s western wear segment
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REGULATORY BODIES & RULINGS
Proposals for investment in Unitech Group entities withdrawn
3 firms had earlier made applications to FIPB
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ALLIANCES & JOINT VENTURES
UB-Prestige venture to set up luxury mall in Bangalore
Bangalore, Nov 6 UB City, a joint venture of UB Holding and the Prestige Group, is all set to house a luxury retail mall – UB City–The Collection.The 1.25-lakh sq ft mall will sell a host of major international and Indian ...
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Kiri Dyes enters into jt venture with Chinese co
The company will continue to manufacture its current range of products at its two plants with a total capacity of 10,800 MTPA, in Ahmedabad and Vadodara districts. It is in the process of setting up a backward integration project to produce ...
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BUSINESS MODELS
‘Migration of biz processes is creating new biz models’
Perception of India is changing: Ma Foi chief
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OUTLOOK
City gas distribution: Adani to seek nod for rollout
Explores entry options into Myanmar
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Marriott bets on service apartments biz in India
Powai venture is highest revenue-maker globally
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GAIL seeks LNG from Nigeria
New Delhi, Nov 6 GAIL (India) Ltd is looking at sourcing liquefied natural gas (LNG) from Nigeria and also acquiring equity stakes in LNG projects in that country. “We are interested in sourcing LNG from Nigeria and will be ...
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PEOPLE
New Grand Group President
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