CORPORATE
ANNOUNCEMENTS
Vijai Mantri to head DLF jt venture
US-based Prudential Financial Inc (PFI) and the DLF Group on Wednesday announced that Mr Vijai Mantri has been appointed as the Chief Executive Office and Managing Director designate of their proposed asset management joint venture — DLF ...
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MERGERS & ACQUISITIONS
Ball in Orchid’s court
Ranbaxy seems interested; institutions weighing options
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Atlas Copco acquires 25% stake in 2 drilling tech firms
Has option to take 100% stake in next 1 year
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NEW PROJECTS
IMFA Group setting up power plant at Orissa facility
Kolkata, April 10 Ferro alloys and ferro chrome producer IMFA Group has firmed up plans to invest Rs 170 crore in setting up a 30 MW power plant and a new 30 MVA furnace at its manufacturing facility located at Choudwar, Orissa. The proposed ...
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Cement firms add 17 mt capacity in fiscal 2008
Land hurdles, costlier raw material slow down expansion
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Jotun’s paints plant to begin commercial production
Jotun India Pvt Ltd, an arm of Norway-based Jotun Group, which manufactures paints and coatings, is all set to begin commercial production at its newly-set up plant in Ranjangaon near Pune.“The commercial production at the ...
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SEL board okays new facility
SEL Manufacturing Company Ltd’s board of directors has approved setting up of the largest technical textile manufacturing facility with an overall investment of approximately Rs 611.67 crore to be located at Shekhan Majara village, ...
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OVERSEAS INVESTMENTS
Reliance Big acquires digital images biz of DTS Inc
To get access to top Hollywood studios as clients
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Orchid sets up subsidiary in Japan
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REGULATORY BODIES & RULINGS
Glenmark to seek FDA clearance for trials
Mumbai, April 10 Glenmark expects to file an investigational new drug (IND) application with the US regulatory authority by August, to start the first phase of human trials on its monoclonal antibody (GBR 500). The prospective drug ...
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DIVERSIFICATION
SPS Group to invest in food processing sector in Bengal
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PERFORMANCE
Mercedes-Benz India Q1 sales grow 59%
Mumbai, April 10 Mercedes-Benz India said that the company sold 1,094 units in the first quarter of 2008, posting 59 per cent growth in volumes over the same period last year. “We have outperformed our expectations,” said Dr ...
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