CORPORATE
RESEARCH & DEVELOPMENT
Sandvik opens research centre in Pune
Pune, Feb. 27 Sandvik’s Research and Development Modelling Centre under the Sandvik Materials Technology division was inaugurated on Wednesday at Dapodi in Pune. This is Sandvik’s first research and development centre ...
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EMPLOYMENT
Over 200 firms eyeing ISB graduates
It’s placement time at Indian School of Business (ISB) and over 200 companies from diverse sectors have already commenced the process.“Placements at the ISB have started and we are greatly encouraged by the strong response ...
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ANNOUNCEMENTS
Leela Goa to be rebranded
From March 1, Leela Goa will be known as Leela Kempinski Goa. This follows the execution of a mutually amicable separation agreement between Hotel Leela Venture Ltd, which owns The Leela Palaces, Hotels and Resorts, and General Hotel Management ...
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Mack Star gets $250-m investment
Mumbai, Feb. 27 Mack Star Marketing Private Ltd, a Wadhawan Group company, has got an equity investment of $250 million from D.E. Shaw Composite Investments (Mauritius) Ltd. Mack Star is developing a commercial complex at Swami ...
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BUYBACK
Madras Cements defers buyback plan
Mumbai, Feb. 27 Madras Cements has postponed its share buyback plans to February 29.Without assigning any reasons for the decision, the company, in a BSE announcement, said: “Indbank Merchant Banking Services, the manager to the ...
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PREFERENTIAL ALLOTMENTS
SEBI fines promoters of Strides Arcolabs
For violation of takeover regulations
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DIVIDEND ANNOUNCEMENT
Jindal Saw to pay Rs 6.25
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BOC India to pay 20%
Kolkata, Feb. 27 BOC India, a member of the Linde Group, posted a turnover of Rs 327.19 crore for the nine months ended December 31, 2007. The net profit for the period amounted to Rs 61.66 crore and the board declared 20 per cent ...
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NEW BUSINESS
MORF India wins order
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IMPACT
Order wins may help BGR Energy in EPC
BOP contracts provide an edge over others
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ACCOUNTANCY
Bonus dimensions
Reliance Power does not make any bones about the fact that it hasn’t produced a megawatt of electricity, the main object of its business. Yet it has announced a bonus issue of three shares for every five held by non-promoters. To be ...
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TECHNOLOGY
IMPACT
Shasun’s deal may prove positive in the long term
Revenues unlikely to trickle within next 6-12 months
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MERGERS & ACQUISITIONS
CavinKare acquires fruit juice brand Maa
Chennai, Feb. 27 Foods to FMCG company CavinKare Pvt Ltd has forayed into the fruit beverage market through the acquisition of a Tamil Nadu-based fruit drink brand Maa.Announcing this at a press conference here, Mr C.K. Ranganathan, ...
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IOC gets nod for BRPL merger
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NEW PROJECTS
Xindia Steel to set up iron ore pellet plant in Karnataka
Bangalore, Feb. 27 Xindia Steel Ltd, a new joint venture between two Chinese steel and minerals companies and two Indian groups, on Wednesday announced that they would be investing over Rs 8,000 crore in two phases to set up iron pellatisation ...
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Shriram Pistons to spend Rs 600 cr on second facility
Chennai, Feb. 27 The New Delhi based Shriram Pistons & Rings Ltd (SPRL) intends to spend Rs 600 crore over the next five years in its second manufacturing facility that is coming up at Pathredi in Rajasthan. The company manufactures ...
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W.S. Industries setting up insulator unit in Vizag
Visakhapatnam, Feb 27 The Chennai-based W.S. Industries (India) Ltd, setting up an insulator unit in the special economic zone at Atchyuthapuram in Visakhapatnam district, has given 22 jobs to ex-servicemen and widows of ex-servicemen in its ...
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Raj Packaging to expand
The Hyderabad-based Raj Packaging Industries Ltd will be adding one more blown film line as part of its expansion programme with an investment of Rs 6.70 crore. The board of directors has approved the project at a meeting held here recently, ...
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OVERSEAS INVESTMENTS
Lanxess to set up synthetic rubber plant in Singapore
Mumbai, Feb. 27 Lanxess AG, a specialty chemicals group, will set up a new synthetic rubber plant with an investment of €400 million in Jurong Island in Singapore.Construction is due to begin in the first quarter of 2009 and will ...
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ALLIANCES & JOINT VENTURES
Fiat, Tatas to be equal partners in joint venture
Maharashtra Govt okays change in shareholding pattern
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Shasun, Merck in licensing pact
Shasun Chemicals & Drugs Ltd has entered into a non-exclusive licensing agreement with Merck & Co, Inc, granting use of its proprietary cross-coupling copper technology (also known as Buchwald technology) to manufacture and commercialise ...
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Astra Microwave, Raytheon tie up
Astra Microwave Products Ltd has entered into a non-exclusive memorandum of understanding with Raytheon Corporation, USA. The objective is to identify and explore technologies and products the company may be able to manufacture, Astra Microwave ...
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OUTLOOK
GM to base new cars on its global platforms
General Motors has said production of cars in India will increasingly be based on its eight global platforms.The General Motors India President and Managing Director, Mr Karl Slym, told Business Line that in future ...
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Asia Pacific Breweries eyeing strategic tie-ups
New Delhi, Feb. 27 Asia Pacific Breweries’ domestic arm is eyeing strategic tie-ups with several retail giants to push up its sales graph. The company said it will also undertake expansion to increase its capacity to meet market ...
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InterContinental plans for Delhi
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Mega plans, mega brands
Arvind Brands has decided to go the whole hog in retailing and expects it to constitute 50 per cent of its turnover four years from now.
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MRPL eyes South for retail outlets
Mangalore Refinery and Petrochemicals Ltd (MRPL) is focusing more on southern States for the establishment of retail outlets. Nearly 60 per cent of the company’s retail outlets will be based in the South. Mr Sanjay Grover, General ...
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