CORPORATE
RESEARCH & DEVELOPMENT
Tatas open pharma R&D centre in Bangalore
Advinus offers total drug discovery services
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Carrier Corpn to invest Rs 200 cr in R&D centre
Centre to be located in Gurgaon, to come up by 2009
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ANNOUNCEMENTS
GM sets up design studio in Bangalore
The world’s largest auto maker, General Motors, has opened a car design studio here signalling its increasing commitment to the Indian sub-continent.General Motors’s Vice-President for global design, Mr Edward T. Welburn, ...
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Midhani develops alloys of aeronautic grade
Gets type approval certificates from DRDO
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IFC may invest in Tata Power's Mundra project
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Ashok Leyland launches 4921 TT in Mumbai
Mumbai, Nov 29 Ashok Leyland launched its 4921 Tractor Trailer in Mumbai today, with focus on western Indian market for trucks. “We are leading in south by huge margins and we want to expand our market in western India ...
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ONGC makes gas discovery in Rajasthan
New Delhi, Nov. 29 Oil and Natural Gas Corporation (ONGC) has made a new gas discovery in Rajasthan’s Jaisalmer basin. Mr D.K. Pande, Director (Exploration), ONGC, said, “we have reached the targeted depth and while testing ...
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OVERSEAS BORROWINGS
Suryachakra Power raising $100 m
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HUMAN RESOURCES
Now, CXOs join search for new jobs
Bangalore, Nov. 29The tables have indeed turned. Executive search firms that were working on mandate-based assignments which involved wooing candidates for jobs are now witnessing a reverse trend in senior management placements.An ...
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RESTRUCTURING
ONGC to embark on corporate revamp
Starts drilling for coal bed methane project
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MERGERS & ACQUISITIONS
Securitas AB picks up 49% stake in Walsons
The $8 billion Securitas AB of Sweden has gained a foothold in the rapidly growing Indian private security business by acquiring a 49 per cent stake in Walsons Pvt Ltd, for a consideration of Rs 67 crore. Mr Alf Goranssson, President ...
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‘Indian cos need to gain market shares abroad’
Hyderabad, Nov. 29 Indian business will need to permanently secure access to market shares outside of India. This can be done only by acquiring brands and distribution networks, according to Mr Giuseppe Benedetti of Benedetti Rossi and ...
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Pyramid Saimira acquires 51% in Dimples Cine Advertising
Mumbai, Nov. 29 Pyramid Saimira has picked up a 51 per cent stake in Mumbai-based Dimples Cine Advertising Pvt Ltd & Dimples Cine Activations for an undisclosed amount. The firm will continue to remain headquartered in Mumbai, while ...
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Goldman Sachs picks up 4% stake in Man Industries
Mumbai, Nov. 29 US-based investment banking and securities firm Goldman Sachs has picked up a 4 per cent stake in Man Industries, a pipe manufacturing company, for Rs 15 crore. The stock has hogged the limelight as the company is set to ...
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NEW PROJECTS
GMR’s Vemagiri project to go on stream in Jan
AP Transco to ensure gas supplies
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Mega project status for Jindal SAW unit
The expansion project of Jindal SAW Nashik Unit has been accorded the status of the ‘Mega Project’ by the Maharashtra Government. Jindal SAW Ltd is a part of the $10-billion OP Jindal Group. Under the expansion programme, the present ...
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Ceat plans Rs 500-cr greenfield plant
Increase in tyre outsourcing on cards
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ALLIANCES & JOINT VENTURES
UPS, AFL form strategic alliance
Mumbai Nov. 29 Atlanta-headquartered UPS, a global supply chain service provider, announced a strategic alliance with domestic logistics services company AFL, which will give Indian customers access to a broader international ...
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Continental AG seeks FIPB nod for investment in new jt venture
New Delhi, Nov 29 Continental AG, Germany, has sought FIPB approval for infusing foreign equity of Rs 55 crore in a proposed joint venture company ‘Continental Rico Hydraulic Brakes India Pvt Ltd’, and to establish a licence and ...
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VENTURE CAPITAL
3i India invests $101 m in Soma Enterprise
New Delhi, Nov. 29 3i India Infrastructure Fund, an investment fund established by global private equity and venture capital company 3i Group Plc, has invested $101 million for a minority stake in Soma Enterprise, a Hyderabad-based engineering ...
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DIVERSIFICATION
Abhishek Industries plans Rs 963 cr capex
To diversify into contract farming
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STANDARDS & BENCHMARKS
BHEL wins quality competition
Bharat Heavy Electricals Ltd (BHEL) has won the State level quality circle competition conducted by the Confederation of Indian Industry, Andhra Pradesh. The second and third prizes went to Triveni Quality Circle of RINL, Visakhapatnam Steel ...
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OUTLOOK
Godrej unit in talks with European furniture makers
For launching high-end lifestyle product under a sub-brand
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RIL to invest Rs 17,000 cr in exploration
Reliance Industries Ltd plans to investment Rs 17,000 crore in oil and gas exploration over the next few years. Mr E.V.S Rao, Vice-President, Gas Pricing and Regulatory Affairs, Reliance Gas Transportation Infrastructure Ltd, told newspersons at ...
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