CORPORATE
RESEARCH & DEVELOPMENT
Sanofi-Aventis opens R&D centre in Goa
French pharmaceutical group Sanofi-Aventis has opened its largest Asian and first Indian pharmaceutical development centre in Goa, with an investment of Rs 100 crore.This is the group’s single largest investment in India, as part ...
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Nicholas oncology drug phase 2 trials in Jan
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NEW BUSINESS
Mukand bags Rs 154-cr IISCO order
Mumbai, Dec. 3 Mukand Ltd has bagged a Rs 154-crore order from SAIL-IISCO, which is in the process of expanding its capacity at Burnpur in West Bengal.The order for the installation of a universal section mill, which is part of the 2.5 ...
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Patel Engg gets Rs 118.85-cr order
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AWARDS & HONOURS
Suzlon Energy in BCG list of 100 emerging giants
New Delhi, Dec. 3 Wind energy major Suzlon Energy is the latest Indian company to have broken into the Boston Consulting Group’s list of top 100 emerging giants. Releasing the report, titled ‘2008 BCG 100 new global ...
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‘Innovative Solutions Award’
For innovative use of technology, across and beyond business, DM Review, a technology publication, has identified Ohio headquartered insurance and financial services company – Nationwide Insurance for the ‘Innovative Solutions ...
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CREDIT RATING
Moody’s lowers IOC outlook to negative; RIL stable
Mumbai, Dec. 3 Moody’s Investors Service on Monday changed the outlook on the Baa2 issuer rating of Indian Oil Corp Ltd (IOC) to negative from stable, while affirming the stable outlook for the Baa2 issuer and senior unsecured rating of ...
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NEW PROJECTS
Jindal Stainless to invest Rs 9,600 cr in Orissa plant
In the process of increasing its melting, hot rolling capacity
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DSM investing in new polymer facility
Pune, Dec. 3 Euro Dutch giant DSM will invest between $50 million and $100 million in setting up a greenfield facility to manufacture a new polymer invented by its division DSM Engineering Plastics. The polymerisation plant that will be ...
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Asian Paints plans greenfield unit in Haryana
New Delhi, Dec. 3 Asian Paints Ltd on Monday said that it would invest Rs 300 crore in setting up a manufacturing facility at Rohak in Haryana. Mr Rajeev Batra, Chief Manager, Corporate Relations, Asian Paints said, “We have ...
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Skoda Power to set up facility for steam turbines
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Potain’s Pune facility begins production
To set up a crane care unit
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TRADE & LABOUR UNIONS
MRF declares indefinite lockout at Chennai unit
Chennai, Dec. 3 MRF has declared an indefinite lock out at its Tiruvottriyur factory in North Chennai.According to information provided by the company to the stock exchange, this follows the one-day token lock out declared on November ...
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ALLIANCES & JOINT VENTURES
Godrej Hershey planning greenfield unit for chocolates
Joint venture to leverage on US company’s expertise
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Fedders Lloyd, JVC plan $30-m investment
New Delhi, Dec. 3 Air-conditioning major Fedders Lloyd Corporation Ltd (FLCL) and Victor Company of Japan (JVC) would be jointly investing $30 million to create space for JVC products in the consumer electronics market here.Barring ...
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Dynamatic in pact to make Airbus structures
Co to make wing structures, assemblies for A320
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Mahindra has no objection to Bajaj-Renault car project
New Delhi, Dec. 3 Mahindra and Mahindra on Monday said it had no objections to its partner Renault tying up with the country’s largest two wheeler maker, Bajaj Auto, for its small car venture. However, the French auto partner ...
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Shakti Pumps inks pact with AP Govt
Hyderabad, Dec. 3 Shakti Pumps India Ltd has entered into an agreement with the Panchayat Raj, Engineering and Rural Water Supply Department, Government of Andhra Pradesh, to supply energy efficient pumps. The use of Shakti pumps will result ...
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VENTURE CAPITAL
Vatika Group gets $250 m funding
Mumbai, Dec 3 Realty and hospitality company Vatika Group has signed agreements with three international financial institutions, the Wachovia Bank, Baer Capital and Goldman Sachs, for financial participation in the company to the tune of $250 ...
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OUTLOOK
ABB plans $100-m investment
India is a top priority country for us, says group Chairman
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Pioneer bets on in-car entertainment market
New Delhi, Dec. 3 Car-entertainment major Pioneer Corporation is riding piggyback on the buoyant car market in India. The company is upbeat about its growth prospects in the Rs 1,200 crore in-car entertainment market and has launched car ...
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