CORPORATE
ANNOUNCEMENTS
Arbitron Inc forms subsidiary
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ICML to launch premium car and SUV at Auto Expo
In partnership with Italian design firm Pininfarina
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MICO is now Bosch Ltd
Motor Industries Company Ltd (MICO) has been renamed Bosch Ltd. Mr V.K. Viswanathan, the Joint Managing Director, will take over as the new managing director of the company from February this year. According to a notice to the Bombay Stock ...
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NEW BUSINESS
L&T bags Rs 1,300-cr Cairn-ONGC order
For construction of civil works
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AUDITING
SC relief for Haldia Petro
In an interim order, the Supreme Court today allowed Haldia Petrochemicals to pay the fees of the CAG appointed auditors for auditing the company’s accounts for 2006-07. According to sources, the interim order was passed despite stiff ...
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ENVIRONMENT
GNFC invests Rs 78 cr on clean development projects
Installs 9 MW turbo-generators in Kutch
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CREDIT RATING
S&P places Tata Motors on rating watch
Mumbai Jan. 7 Days after the US carmaker Ford announced that Tata Motors was the preferred bidder for its European luxury brands Jaguar and Land Rover, Standard & Poor’s Ratings Services today placed its ‘BB+’ long-term ...
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NEW PROJECTS
Nitco Tiles mulls setting up manufacturing unit in Gujarat
Coimbatore, Jan. 7 Nitco Tiles has inaugurated its Le Studio showroom at Ramnagar in Coimbatore. Spread over 3,400 sq ft, this is the company’s third showroom in the country, the other two being located at Mumbai and ...
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OVERSEAS INVESTMENTS
Tatas to benefit from removal of ban on Bangladesh FDI
Chennai, Jan. 7 The $3-billion investment proposal of the Tata group in the power, steel and fertiliser sectors in Bangladesh is closer to reality because of India’s decision to lift the ban on Bangladeshi investment into ...
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RNRL may buy overseas mines for AP mega project
The Anil Dhirubhai Ambani Group’s (ADAG) company Reliance Natural Resources Ltd (RNRL) may buy out some mines in Indonesia and Australia for dedicated fuel supplies to support the Krishnapatnam ultra mega power plant (UMPP). RNRL, ...
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REGULATORY BODIES & RULINGS
GVK Bio gets approvals
The Clinical Pharmacology Unit (CPU) of GVK Biosciences (GVK BIO) received approvals from all major regulatory bodies globally including the US FDA and the WHO. The approvals open global markets to GVK BIO’s clients in the US, Europe and ...
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ALLIANCES & JOINT VENTURES
NTC push to revive 12 more mills
Joint venture route for modernisation proving successful
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Viacom Brand ties up with Vodafone
Bangalore, Jan. 7 Viacom Brand Solutions, MTV’s marketing vehicle, has signed up with telecom service provider Vodafone to provide customised integrated marketing solutions targeted at the youth. According to a press release, ...
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PMT venture gains due to ONGC-Bassein shutdown
Kolkata, Jan. 7 The temporary production shut down at ONGC’s giant offshore gas field at South Bassein beginning January 2 has provided an opportunity for the Panna-Mukta-Tapti joint venture of Reliance-British Gas-ONGC to earn some ...
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Hikal signs pact with Pfizer
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Setco Auto forms venture with German co FTE
For making clutch actuation systems for cars, CVs
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Pfizer deal lends revenue visibility to Hikal
Contribution expected from Q3
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TRENDS
GAIL move to market PMT gas impacting prices in Gujarat
GSPC, Gujarat Gas hit by reduced supplies
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