CORPORATE
ANNOUNCEMENTS
Tata Motors to shift Ace, Magic production to Uttarakhand
Rs 1,000-cr facility has capacity of 2.25 lakh units per annum
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OVERSEAS BORROWINGS
Elder Pharma defers FCCB issue
Coimbatore, March 15 Elder Pharmaceuticals Ltd (EPL) has deferred its plan to come out with a Foreign Currency Convertible Bonds (FCCB) issue to raise $30 million in view of the ‘uncertainties in international capital ...
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NEW PROJECTS
Sarovar Hotels plans Rs 400-cr expansion
To be invested over three years in 33 properties
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Maharashtra in pact with Cummins for unit in Satara
Mumbai, March 15 The Maharashtra Government has attracted Rs 1,776 crore in the latest round of investments. On Saturday, seven memorandum of understanding were signed by the Industries Department for setting up diverse manufacturing ...
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OVERSEAS INVESTMENTS
Man Ind to locate new facility in Arkansas
Mumbai, March 15 Mumbai-based pipe manufacturer Man Industries announced plans to locate a new manufacturing facility on a 162-acre site at the Little Rock Port in Arkansas, US. The company will invest approximately $100 million (Rs 400 crore) ...
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ALLIANCES & JOINT VENTURES
Vivin Labs inks supply pact with US pharma firm
Hyderabad-based pharma intermediaries manufacturer Vivin Laboratories Private Ltd, has bagged a contract from the US-based pharmaceuticals distributor Cascade Columbia Distribution, for supply of specialty chemicals and veterinary ...
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DIVERSIFICATION
ITI foraying into IT services, setting up data centre
Invites bids from public, private firms for the Rs 400-cr project
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OUTLOOK
Unilever sharpens focus on India, other emerging markets
Mumbai, March 15 Unilever Plc expects India’s share in its turnover to go up from the current six per cent in the next two years, as the global consumer goods maker sharpens its focus on developing and emerging markets.Mr Patrick ...
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Addl Panna-Mukta gas sale: GAIL awaiting Govt instructions
Has to tie up purchasers by March 31 to market entire output
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ITC plans product portfolio expansion, diversifying into writing instruments
Aims at Rs 1,000-cr biz from division in three years
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