CORPORATE
ANNOUNCEMENTS
REL to trade as Reliance Infrastructure from May 16
Mumbai, May 6 Reliance Energy’s name will change on the stock exchanges to Reliance Infrastructure Ltd with effect from May 16, a NSE circular issued on Tuesday said.Reliance Infrastructure will trade under the symbol RELINFRA, ...
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ACCOUNTING STANDARDS
Accounting: ‘India could serve as hub for global corporations’
Hyderabad, May 6 The adoption of International Financial Reporting Systems (IFRS), the globally accepted accounting practice, is no longer a matter of choice but a compulsion. However, this comes with a host of challenges, according to Mr P.R. ...
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CORPORATE DISPUTES
HC orders status quo on Reliance, RNRL dispute
The restraint order on Reliance Industries Ltd that forbids it from selling natural gas from its KG basin gas fields to third parties continues. Bombay High Court on Tuesday ordered status quo to be maintained in the case and has ...
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DIVIDEND ANNOUNCEMENT
Hinduja Foundries to pay dividend first time in 10 yrs
Input costs, charges tell on profits
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NEW BUSINESS
Mahindra Lifespace bags Nagpur housing project
Mumbai, May 6 Developers Ltd, the real estate arm of the Mahindra Group, and B.E. Billimoria & Co, a civil engineering company, have won a contract to develop a residential project at Nagpur.The project was primarily offered to ...
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Unity Infra gets Rs 223 cr orders
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COURTS/LEGAL ISSUES
HC ruling on termination of service
Chennai, May 5 The Madras High Court has concurred with the order of the Principal Labour Court, Chennai, that the decision of the management of a firm to terminate the service of the petitioner on the ground of his post being not required for ...
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MERGERS & ACQUISITIONS
Haldia Petro buys out L&T stake in HPL Cogen
To invest in plant, technology to trim generation cost
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IMPACT
Bharti may see burden in balance sheet
Access to lucrative markets behind the buyout?
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NEW PROJECTS
BASF setting up engineering plastic plant in Thane
To cater to the growing demand from industries
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New luxury hotel in Mangalore
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OVERSEAS INVESTMENTS
L&T Electricals opens switchboard unit in Saudi
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PowerGrid to tap biz opportunities abroad
New Delhi, May 6 Buoyed by increased autonomy accorded under its newly acquired ‘navratna’ status, State-owned transmission major Power Grid Corporation of India Ltd (PGCIL) is looking to spread its business overseas. The company ...
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ALLIANCES & JOINT VENTURES
Intas Bio plans Filgrastim launch in N. America, Europe
The Ahmedabad-based Intas Biopharmaceuticals Ltd (IBPL) has signed a business agreement with the Canada-based Apotex Inc for co-development and supply of its Filgrastim brand, Neukine, in North America (the US and Canada).European ...
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EVENTS
BHEL's Fire Service Day celebrations
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OUTLOOK
Hero Group to go solo for realty biz
New Delhi, May 6 Hero Group, which recently announced its plans to venture into the real estate sector, said it would expand the business on its own. The group’s real estate business would be headed by Mr Sunil Kant Munjal, who chairs ...
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PEOPLE
2 new GMs at Bharat Electronics
Bangalore, May 6 Bharat Electronics Ltd said Mr S.P. Ravindran has taken charge as the new General Manager (Technology Planning) and Mr G. Raghavendra Rao as General Manager (Electronic Warfare & Avionics). ...
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