CORPORATE
ANNOUNCEMENTS
ICML’s world car to hit market by 2010
International Cars and Motors Ltd (ICML), a Sonalika Group company, has announced its plans to launch a world car by 2010. The company has entered into a technical collaboration with Italian car designer Pininfarina for design and process ...
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Bosch to supply key components for Nano
In talks for supplying CRDi systems for diesel version
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Diesel City to promote clean fuel
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Mahindra to launch LPG Logan
Mahindra Renualt would be launching LPG Logan in three to five months’ time that is currently being showcased at the Auto Expo. “The LPG Logan is expected to be priced at Rs 35,000-40,000 higher than the existing model,” said Mr ...
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OVERSEAS BORROWINGS
Geodesic to raise $125 m thru FCCBs
City based IT company Geodesic Information Systems Ltd said on Friday that it will raise $125 million through the Foreign Currency Convertible Bonds (FCCBs) route to raise funds to finance future inorganic growth. The company intends to use the ...
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RESTRUCTURING
Future Group may hive off Big Bazaar
New Delhi, Jan. 11 The Future Group has said that it is considering hiving off Big Bazaar, the largest retail chain of the group, into a separate company.“We are looking at various possibilities to hive off Big Bazaar and the ...
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MERGERS & ACQUISITIONS
GMM Pfaudler acquires Swiss firm Mavag
Bangalore, Jan.11 GMM Pfaudler, engaged in the manufacture and supply of glass-lined vessels and reactors, has acquired Mavag AG, a Zurich-based high-end engineered equipment company, for an undisclosed sum. The two companies would leverage ...
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NEW PROJECTS
Bahrain co plans medical resort
One of the largest employers of Indians in Bahrain, Nasser S Al Hajri Corporation (NSH), a construction company, will invest Rs 100 crore in a medical tourism project in India. Mr Ravi Pillai, MD of the company, said: “We will invest Rs 100 ...
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Delphi-TVS investing Rs 500 cr
Delphi-TVS Diesel Systems said on Friday that it will invest Rs 500 crore in its manufacturing plant as well as in its technical centre in Chennai. The Delphi-TVS President, Mr J.S. Chopra, told newspersons that most of the investments will go ...
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REGULATORY BODIES & RULINGS
Natco gets Canadian nod for Ondansetron
Hyderabad, Jan. 11 Natco Pharma Ltd has bagged the approval of the Canadian Regulatory Agency (TPD-Health Canada), for its product Ondansetron 4 mg and 8 mg tablets. The approval had been accorded to Natco’s marketing partner, IP ...
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ALLIANCES & JOINT VENTURES
Genpact signs pact with Unitech
IT major Genpact on Friday signed an agreement with Unitech Hi-Tech Structures Ltd to take up over seven lakh sq. ft of space in Infospace, an IT/ITES SEZ that is being developed here by Unitech Hi-Tech Structures Ltd. The agreement ...
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INTERVIEW
‘Salute the engineers who created the Nano’
I was more nervous during Indica launch: Ratan Tata
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VENTURE CAPITAL
Mauritius fund invests $30 m in Gland Pharma
Hyderabad, Jan. 11 The Mauritius-based Evolvence India Life Sciences Fund has entered into a definitive agreement with the Hyderabad-based Gland Pharma Ltd to invest $30 million.“The fund will get a significant minority stake in ...
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DIVERSIFICATION
Pyramid Saimira opens restaurant
Coimbatore, Jan. 11 Pyramid Saimira Theatre Ltd opened the group’s first signature South Indian restaurant styled Brahmin’s Kitchen, at the premises of the Priyadarshini Theatre in Palakkad in Kerala on Friday.Mr P.S. ...
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Writer Corp plans foray into third-party logistics
Hyderabad, Jan. 11 Writer Corporation plans to invest about Rs 100 crore in its diversified businesses in South India, which include a major information management services centre in Hyderabad, foray into third-party logistics and overseas ...
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OUTLOOK
M&M plans sub 1-tonne LCV in H2 of 2008
New Delhi, Jan. 11 Tata Motors’ Ace may not be able to enjoy its dominant presence in the sub one-tonne light commercial vehicle segment as Mahindra & Mahindra is planning to launch its product in the same segment in the next few ...
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ONGC’s exploration campaign may be halted for 6 months
ONGC’s deep and ultra-deepwater offshore exploration campaign may come to a standstill for at least six months between January and June, as the contract with the sole chartered floater in its disposal — Discoverer Seven Seas (DSS) ...
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‘Nano may not be made in other plants for now’
New Delhi, Jan 11 Tata Motors plans to expand the capacity of its Singur plant by 1 lakh units to about 3.5 lakh units and only after it starts working to its full capacity will the company look at other sites for manufacturing its Nano ...
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