CORPORATE
RESEARCH & DEVELOPMENT
Auto majors seek to work with EU cos on R&D
New Delhi, Nov. 23The Tatas, Mahindras and Ashok Leylands are in the race to be part of a consortium of select companies from India, China, Brazil and South Africa that would work along with European Union countries in research in the ...
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ANNOUNCEMENTS
LifeCell sets up centre for transplants
Chennai, Nov. 23LifeCell, a cord blood stem cell banking and research organisation, has set up a subsidiary that will focus on stem cell transplants and research. Called TRICell, the first research centre would be inaugurated on ...
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OVERSEAS BORROWINGS
Cos’ overseas borrowings fall in Aug
Mumbai, Nov. 23 Overseas borrowings by Indian corporates saw a decline in August compared to June and July, due to the restriction imposed by the RBI on external commercial borrowings (ECB).According to figures released by the RBI, the ...
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NEW BUSINESS
XL Tele achieves financial closure for expansion project
Bags Rs 66-crore overseas order
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ICTT awarded Kochi container terminal construction contract
Kochi, Nov. 23 DP World Cochin (India Gateway Terminal Pvt Ltd) has awarded the civil construction contract for the first phase of the International Container Transhipment Terminal (ICTT) at nearby Vallarpadam to the Simplex Consortium, a ...
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BPTP bags site for Rs 666 cr
Real estate company BPTP has bagged 30 acres in the Knowledge City coming up near Hyderabad for Rs 666 crore. In an auction by Andhra Pradesh Industrial Infrastructure Corporation (APIIC), the highest bid was offered by the BPTP for Rs 22.20 ...
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Lanco bags Rs 67-cr order
HYDERABAD: Lanco Infratech Ltd has informed the BSE that the company has received five letters of acceptance for supply and erection of 33/11 kV substations and 33/11 kV lines in the districts of Mahabubnagar, Kurnool, ...
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INSIGHT
Co-opt vendors into business process
To grow in a competitive environment, it is important for businesses to develop a close relationship with their vendors.
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COURTS/LEGAL ISSUES
We will abide by court order: Vedanta Resources
Mumbai, Nov. 23 Vedanta Resources, which was barred by the Supreme Court on Friday from mining bauxite in Orissa, said it would take steps to abide by the Court’s decisions. “We are awaiting a judgement copy and as soon as ...
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CORPORATE BONDS
Arihant Foundations warrants
Arihant Foundations & Housing Ltd has informed the BSE that a meeting of the board of directors of the company will be held on November 27 to approve the allotment of 10 lakh convertible warrants to promoters, body corporate and others. ...
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Rohit Ferro issues warrants
Rohit Ferro Tech Ltd has informed the BSE that the board of directors of the company at a meeting on November 23, after receiving in-principle approval from stock exchanges and approval of the members of the company at the EGM on October 9, ...
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MERGERS & ACQUISITIONS
ISS Facility Services earmarks Rs 200 cr for acquisitions
Buys Chennai-based Shivas Hoteliers
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NEW PROJECTS
India Inc lines up Rs 38,000 cr for investment in cement production
Mumbai, Nov 23 Steel and cement companies along with new players are planning to invest over Rs 38,000 crore in three to five years in new projects to tap the boom in cement demand. Dalmia Cements will be investing Rs 14,000 crore in two ...
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OVERSEAS INVESTMENTS
JHS Svendgaard arm in UAE
Chennai, Nov. 23 JHS Svendgaard Laboratories Ltd has informed the BSE that the company has set up a subsidiary called Jones H Smith FZE in the Ras-Al-Khaimah free trade zone in the UAE. The subsidiary will initially be engaged in import, ...
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OUTLOOK
Ansal Properties seeks FIPB nod to hike FII cap to 49%
New Delhi, Nov 23 Ansal Properties and Infrastructure Ltd is learnt to have sought the Foreign Investment Promotion Board’s approval for increasing the ceiling of holding of registered foreign institutional investors (FIIs) from 24 per ...
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Wadhawan Food Retail looking at hypermarkets, cash & carry formats
Exploring franchisees or joint venture options with global retailers
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‘Ranbaxy’s epilepsy drug recall may not attract lawsuits’
No clarity yet if medicines will be destroyed
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