CORPORATE
RESEARCH & DEVELOPMENT
Suzuki to step up design, engg work
Hyderabad, March 27 With over seven launches in 35 months designed with Indian engineering teams collaboratively, Japanese automaker Suzuki is likely to step up engineering and design work out of here. The company R&D team based in ...
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ANNOUNCEMENTS
Hyundai exports touch half a million
India’s second largest passenger car maker, Hyundai Motor India Ltd (HMIL) on Thursday said that it exports touched half a million units including the newly launched i10. The company also said that it would produce 5.3 lakh units, of which ...
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Tata Tea to increase prices soon
Kolkata, March 27 Tata Tea Ltd (TTL) will shortly increase the prices across all its seven brands. “This will be in line with the move being contemplated by the tea industry in general,” Ms Sangeeta Talwar, Executive Director ...
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OVERSEAS BORROWINGS
About 532 cos borrow $25 b overseas
Chennai, March 27 About 532 companies have borrowed a little over $25 billion (or about the equivalent of Rs 1 lakh crore) through external commercial borrowings (ECBs) during the first 10 months of the current fiscal according to information ...
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NEW BUSINESS
Solar Semiconductor bags $575-m order from Germany firm
Plans to ramp up manufacturing capacities to 200 MW by year-end
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HUMAN RESOURCES
Maruti to triple engineers headcount
Maruti Suzuki Ltd is adding strength to its base of engineers, and expects to triple the number from 300 engineers on board today to 1,000 engineers by 2010. The scale up is with the objective of bringing the Indian company’s engineering ...
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RESTRUCTURING
IMPACT
Much needed funding for subsidiaries
Valuation impact for JP Associates to take time
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MERGERS & ACQUISITIONS
‘Jaguar-Land Rover buy is a long-term strategic decision’
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Tatas takeover: Analysts see areas of concern
Significant cost savings appear to be difficult
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Tata Chem completes acquisition of General Chemical of US
Makes it world’s second largest soda ash company
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NEW PROJECTS
Bharat Forge to set up manufacturing facility in Baramati
Mumbai, March 27 Forged and machined components manufacturer Bharat Forge signed a memorandum of understanding with the Maharashtra Government on Thursday for setting up a centre for advanced manufacturing facility at Baramati. The ...
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OVERSEAS INVESTMENTS
Tata Motors drives into Thailand with Xenon
Bangkok, March 27 Fresh from its conquest of the iconic Jaguar and Land Rover brands, Tata Motors drove into the competitive Thai pick-up truck market today launching the Xenon at the Bangkok Motor Show.The 1-tonne Xenon that sports a ...
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Reliance Money to open branch in Oman
Mumbai, March 27 Reliance Money, the financial distribution company of the Reliance Anil Dhirubhai Group plans to open a branch in the Sultanate of Oman.The company has received approval for the same from the Capital Market Authority ...
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RITES, Power Finance team up for advisory services
RITES and Power Finance Corporation (PFC) have joined hands to provide advisory services to Indian companies interested in acquiring mining rights in other countries (particularly African countries) and import coal. RITES, a ...
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ALLIANCES & JOINT VENTURES
German drug maker Ursapharm launches India operations
Joint venture with RICO Enterprises
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Daimler gets nod for venture with Hero; to invest Rs 1,650 cr
New Delhi, March 27 Daimler AG has got a nod from the Government to invest Rs 1,650 crore in the country through a joint venture with the Hero Group. The Cabinet Committee on Economic Affairs today approved Daimler’s technology ...
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VENTURE CAPITAL
Yatra investing in 2 Bangalore projects
Mumbai, March 27 Yatra Capital Ltd, a Euronext quoted company investing in Indian real estate, has committed Rs 113 crore for a mixed use development to Palladium Constructions and Rs 65 crore to Platinum Hospitality Services for a 30 per cent ...
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DIVERSIFICATION
Surana venture orders solar units
Surana Telecom Ltd, today announced that the company’s new joint venture firm, Surana Ventures Ltd, foraying into solar power, has placed orders for the supply of 19 MW solar photovoltaic production line each on Eco Progetti of Italy and P ...
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OUTLOOK
Ajinomoto’s plan for production in India
Ajinomoto is planning to open its manufacturing facility in India. “Once the consumption level comes to 25,000 tonnes a year, we will be setting up a plant, quite likely in Tamil Nadu, perhaps in two years,” said Mr T. Manoharan, ...
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Volvo India to launch six car models
Looking to open dealerships in 8 cities
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Blue Star sees demand for ACs in residential segment hotting up
Chennai, March 27 Air-conditioning and commercial refrigeration major Blue Star has rolled out a range of BEE (Bureau of Energy Efficiency)-labelled star rated split air-conditioners. The products, in the range of 1, 1.5 and 2 tonners, are ...
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Team HM-Mitsubishi steps up efforts to boost sales
Pune, March 27 Carmaker Mitsubishi is adopting an aggressive stand in a bid to regain a foothold in the Indian market place, and a Japanese team arrives at partner Hindustan Motors’ Chennai car plant almost every week against a visit ...
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