CORPORATE
ACCIDENTS
Blasts at Siris pharma plant
Hyderabad, April 27 A major blast occurred in the plant of Siris India Ltd, a Hyderabad-based sick pharmaceutical company at L.B. Nagar, here on Sunday evening. According to police, fire engulfed the factory, which has not been in operation ...
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MERGERS & ACQUISITIONS
Dealing with goodwill impairment post-deals
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Katra group eyes 50% of Radhika’s stake in Radaan Media
Ramesh Vangal keen on holding majority stake
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NEW PROJECTS
Motorola’s Sriperumbudur plant goes on stream
Sriperumbudur, April 27 Motorola’s manufacturing facility at Sriperumbudur, 45 km West of Chennai, was inaugurated today by the Chief Minister of Tamil Nadu, Mr M Karunanidhi. The plant, set up at an investment of Rs 172 crore, ...
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OVERSEAS INVESTMENTS
Essar Oil scouting for overseas opportunities in auto fuel retailing
Kolkata, April 27 Having announced plans to expand its Vadinar refinery from 10.5 million tonnes to 34 mt by 2010, Essar Oil is scouting for acquisition of retail marketing and distribution assets abroad.“To find a permanent home ...
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Reliance Ind set to buy majority stake in Peru oil block
Reliance Industries Ltd (RIL) is set to acquire majority stake in an oil block in Peru. The company is understood to have recently inked an agreement with Pan Andean for acquiring stake in Block 141 in Peru.Sources told More
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