CORPORATE
ANNOUNCEMENTS
M&M vehicles set to turn costlier
Mumbai, May 9 SUV major Mahindra & Mahindra hiked vehicle prices on Friday in the range of 1.5 per cent to 2.5 per cent. This will result in the Mahindra vehicles becoming costlier by Rs 3,450 to Rs 21,000. “The price hike will be ...
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ONGC maintains offshore cover at $29 m
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Uttam Galva Steel cuts prices
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DIVIDEND ANNOUNCEMENT
Birla Corp to pay 40%
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AWARDS & HONOURS
SEC Industries selected for DRDO award
SEC Industries, Hyderabad, has been selected for the National Award for defence technology absorption for 2008 by the Union Defence Ministry. The award would be presented by the Prime Minister, Dr Manmohan Singh, in New Delhi as part ...
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COURTS/LEGAL ISSUES
HC reserves orders on Birla Will case
Kolkata, May 9 The probate case of the late Priyambada Birla took a new turn on Friday when the issue of Mr G.P. Birla being added as a party was taken up, in compliance with an order of the Supreme Court, before Mr Justice K.J. Sengupta of ...
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HUMAN RESOURCES
Companies get curious to know why employees really leave
SWEET OR SOUR?
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Maruti saves over Rs 66 cr from employee suggestions
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MERGERS & ACQUISITIONS
Indorama Cement, Heidelberg to merge with Mysore Cement
New Delhi, May 9 Indorama Cement Ltd and HeidelbergCement India Private Ltd have decided to merge with Mysore Cements Ltd. The boards of the three companies approved the proposal at their separate respective board meetings held on Friday at ...
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DCM Shriram buys 81% in fert co
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GVK acquires stake in 2 firms
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CORPORATE GOVERNANCE
ITC in UN Global Compact
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OVERSEAS INVESTMENTS
Country Club to buy 2 more resorts abroad
Chennai, May 9 Within a few days of its first overseas acquisition, a Rs 175-crore hotel property in Dubai, Country Club India Ltd has zeroed in on two more resorts, in Phuket and Bangkok. The company is keen on going global by expanding its ...
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NTPC scouting for coal mines abroad
Securing fuel supplies for meeting its generation target
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ALLIANCES & JOINT VENTURES
BHEL, AP Genco pact for Vizag unit
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OUTLOOK
Blue Star may set up its 6th manufacturing facility
New Delhi, May 9 Backed by a buoyant demand from the infrastructure and retail industry, central air conditioning and commercial refrigeration major Blue Star is examining the possibility of setting up its sixth manufacturing facility. The ...
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Hatsun targets growth in milk ingredients business
Chennai, May 9 Hatsun Agro Product Ltd is in the process of doubling its milk powder and ingredients production capacity with an investment of over Rs 90 crore, which would also enhance milk procurement capacity significantly, according to Mr ...
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MAN Force venture to focus on exports
Mumbai, May 9 MAN Force Trucks, the 70:30 joint venture between India’s Force Motors and German-based MAN Group, plans to export half of the total production by 2010. “We will produce 24,000 trucks by 2010 and half of the ...
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PEOPLE
Tim Jones joins QuEST board
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