CORPORATE
RESEARCH & DEVELOPMENT
LifeCell unit gets DSIR recognition
New Delhi, Jan. 2 Cord blood major LifeCell’s research and development division has been recognised by the Department of Scientific and Industrial Research (DSIR). With this accreditation, LifeCell is entitled to receive support ...
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ANNOUNCEMENTS
Kunal Organics launches textile sizing products
Plans Rs 300 cr investment in capacity expansion
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Ashok Leyland develops new CNG engine for buses
Chennai, Jan. 2 Commercial vehicle major, Ashok Leyland Ltd, has developed CNG engine for buses with multi-point fuel injection (MPFI) system that can meet Euro IV emission standards. The MPFI system will inject the gas at several points into ...
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ACCOUNTING STANDARDS
Convergence of accounting standards entails significant costs
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NEW BUSINESS
Nelcast bags Rs 40-cr order
Nelcast Ltd has announced that it has received letter of intent worth Rs 40 crore from European manufacturer for supply of components for heavy commercial vehicles. This order is on long-term basis and the company needs to supply for next four ...
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COURTS/LEGAL ISSUES
HC orders restoration of power supply to Dunlop factory
Responding to an appeal by Dunlop India Ltd, the Calcutta High Court on Wednesday passed an interim order directing West Bengal State Electricity Distribution Company (WBSEDCL) to restore power supply to the Dunlop facility at Sahagunj in 24 ...
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FINANCIAL PERFORMANCE
Bajaj Hindusthan reports profit after revaluing cane at SMP
New SAP to be decided after consulting various stakeholders
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RESTRUCTURING
Global Green plans revamp by ‘reducing subsidiaries’
Set to make three acquisitions this year
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MERGERS & ACQUISITIONS
Siemens unit buys US co Morgan Construction
Siemens’ industrial solutions division on Wednesday announced the acquisition of the US-based Morgan Construction Co, which produces rolling mill products and services for the metals industry globally.Morgan employs around 1,100 ...
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CORPORATE GOVERNANCE
No exemption for listed PSUs on independent director norms
SEBI chief sticks to stand even as ONGC cites difficulties
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NEW PROJECTS
Ultra mega power project planned at Machilipatnam
After the recent award of Krishnapatnam ultra mega power project (UMPP) to Reliance Energy consortium, the Andhra Pradesh Government, with the Centre’s consent, is considering to make out a case for another UMPP at Machilipatnam. ...
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OVERSEAS INVESTMENTS
ONGC-Hinduja may invest $10 b in two Iran gas fields
New Delhi, Jan. 2 ONGC and Hinduja Group may invest $10 billion for developing oil and gas fields in Iran. Mr R.S. Sharma, ONGC Chairman and Managing Director, told newspersons here today that, “the development of South Pars gas ...
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ALLIANCES & JOINT VENTURES
Lite Bite in tie-up for quick service restaurant chain
New Delhi, Jan. 2 Lite Bite Foods Pvt Ltd, promoted by Mr Amit Burman, Vice-Chairman of FMCG major Dabur India Ltd, on Wednesday announced a strategic joint venture with the father-son team of Jiggs Kalra and Zorawar Kalra to establish a ...
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EVENTS
Business and pleasure!
Cidade de Goa, steeped in luxury, offers options for both business and fun…
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Safety stewardship scheme
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RIGHTS ISSUE
IMPACT
No boost for Godrej from rights offer
Attractive pricing may hold key
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OUTLOOK
Rs 17,000 cr: ONGC’s subsidy payout for ’07-08
High global crude oil prices may raise oil marketing cos’ revenue loss
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Avesthagen now a limited company
Bangalore, Jan. 2 Life sciences company Avesthagen has become a limited company, setting the ball rolling for a proposed public offer, possibly later this year.Dr Villoo Morawala-Patell, founder and CMD, Avesthagen Ltd, said, “The ...
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PEOPLE
Sadhan Dutt of DC-Kuljian dead
Kolkata, Jan. 2 Dr Sadhan C. Dutt, noted scientist-entrepreneur and founder-chairman of Development Consultants, a member of the Kuljian Group of Companies, passed away here on Wednesday at Sree Aurobindo Sevakendra, following a brief ...
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