CORPORATE
ANNOUNCEMENTS
ITC stops non-filtered cigarette production
Kolkata, March 26 ITC has stopped production of non-filtered cigarettes in the wake of the steep excise hike proposed in the 2008-09 Budget.A high-level source at ITC confirmed today that the company has stopped production of the ...
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ACCOUNTING STANDARDS
‘Regulatory endorsement needed for global financial reporting standards’
KPMG India is keen to assist Indian companies to adopt IFRS in its bid to tap convergence-related opportunities in the country
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OVERSEAS BORROWINGS
Ashok Leyland raises $200 m ECB loan
Chennai, March 26 Leading commercial vehicle manufacturer, Ashok Leyland Ltd has recently concluded an External Commercial Borrowing (ECB) programme of $200 million (Rs 800 crore). A press release from the company said this was the ...
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NEW BUSINESS
Volvo bags order for 240 buses from BMTC
Bangalore, March 26 Volvo Bus Body Technology said on Tuesday that it has received an order for an additional 240 city buses from the Bangalore Metropolitan Transport Corporation (BMTC). Some of these buses will be deployed between Bangalore ...
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Simplex bags Rs 653-cr orders
Simplex Infrastructures Ltd has said that it has secured orders worth Rs 653 crore. The orders comprise civil and structural work of Hotel Ritz Carlton, Bangalore, worth Rs 139 crore; a cement plant at Chandra Cement Works in Maharashtra for Rs ...
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HUMAN RESOURCES
Ranbaxy plans to hire 400 scientists
Looking for R&D tie-ups in India, abroad
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MERGERS & ACQUISITIONS
Tatas bag Ford marques
$2.3 b all-cash deal for Jaguar, Land Rover acquisition
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Jaguar, Land Rover: From utilitarian to premium
Humble beginnings to global aspirations
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‘Reviving sales of the 2 brands will be a challenge’
Analysts concern over high valuation
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Anand Mahindra lauds Tatas
Mr Anand Mahindra, Vice-Chairman and Managing Director, Mahindra & Mahindra Ltd, which was in the fray for acquiring Jaguar and Land Rover: “My congratulations to Tatas. Their acquisition of the Jaguar and Land Rover brands will make ...
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IMPACT
Deal to provide access to Western markets
Tata Motors: Performance in short-term hinges on funding
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OVERSEAS INVESTMENTS
Religare all set to buy UK brokerage Hichens
Rs 450-cr deal to be tied up soon
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KS Oils buys palm plantation in Indonesia
To invest Rs 230 cr over 3 years
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ALLIANCES & JOINT VENTURES
ONGC fuel for NEEPCO plant
ONGC will supply natural gas to the North Eastern Electric Power Corporation Ltd for its power generation plant in Tripura. According to a statement issued by the company, it has signed a ‘Term Sheet’ which is a precursor to signing ...
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‘Future Group, Centrum may draw upon each other’s strength’
Coimbatore, March 26 The investment of Future Group in Centrum Capital Ltd and its two subsidiaries, involved in a range of capital market and investment services, is a win-win situation for both as each could draw upon the strength of the ...
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INTERVIEW
The brands should remain British: Tata
The synergies we see are the fundamental ones of having in our midst two brands that we greatly respect. – Mr Ratan Tata
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SICK UNITS
NTC gets ‘resounding response’ for partners to run mills
New Delhi, March 26 The latest move by the National Textile Corporation (NTC) seeking joint venture partners to run a dozen mills has evoked ‘resounding response’ from nearly 68 bidders from the private sector. This comes close on ...
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OUTLOOK
Maruti not to raise prices for now; launches Swift DZire
Petrol version priced at Rs 4.49 lakh-Rs 5.9 lakh
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ONGC, Hinduja Group may sign Iran deal next month
New Delhi, March 26 ONGC, along with its partner the Hinduja Group, hopes to sign an initial agreement to help develop two huge oil and gas fields in Iran sometime next month. “The next meeting with the Iranians on joining South ...
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