CORPORATE
ANNOUNCEMENTS
Castrol India sets up 100th BikeZone
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‘Hero Electric may buy battery packs from any vendor’
Chennai, May 14 Hero Electric, a subsidiary of Hero Exports, may buy the electricals (motor, controller, charger and battery) from any vendor, the Managing Director, Mr Naveen Munjal, told Business Line on Tuesday. ...
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NEW BUSINESS
Lanco Infratech gets nod for Vizhinjam box terminal project
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RESTRUCTURING
Forging division hive-off news lifts LG Balakrishnan Brothers
New entity to be listed; eyeing cross-border acquisitions
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MERGERS & ACQUISITIONS
Lafarge emerges front-runner to acquire L&T’s concrete biz
Deal estimated at Rs 1,200 cr
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Takeover tales
An extract from the book ‘Cold Steel’ on Lakshmi Mittal and his battle for Arcelor…
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Great Offshore acquisition of Sea Dragon will not be revenue neutral
According to market grapevine, the proposed overseas acquisition of Sea Dragon Offshore, Cayman Islands, by Great Offshore would not be revenue and liability neutral on a consolidated basis. According to sources close to the development, the ...
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NEW PROJECTS
Lupin embarks on Rs 300-cr expansion
Income increases to Rs 783 cr in Q4, net down 32%
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Tax concessions take Macneill to Assam
Second unit for forklifts
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OVERSEAS INVESTMENTS
Lloyd Electric buys Czech company Luvata
To improve market share in Europe, Russia
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IMPACT
Lloyd Electric buyout to help access Europe
Luvata Czech would enable it to get superior technology
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REGULATORY BODIES & RULINGS
Strides' new product gets US nod
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ALLIANCES & JOINT VENTURES
GSK Pharma inks deal with Daiichi Sankyo
Mumbai, May 14 GlaxoSmithKline (GSK) Pharma has signed a co-promotion agreement with Daiichi Sankyo India Pharma Ltd for anti-hypertensive drug Olmesartan Medoxomil and its combination products. The agreement also marks Daiichi Sankyo India ...
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ONGC-promoted co inks pact
ONGC Petro-additions Ltd (OPaL) has entered into a memorandum of understanding (MoU) with Gujarat-based Torrent Energy Ltd, for supply of bulk power by Torrent to OPaL. According to a statement issued by ONGC, the MoU was inked in Gandhinagar on ...
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OUTLOOK
Cash crunch tells on IOC investment plans
Part of retail expansion proposal put on hold
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Asia MotorWorks looking at bus, LCV foray
Hyderabad, May 14 Asia MotorWorks Ltd (AMW), a heavy commercial vehicle manufacturer, is planning to foray into the bus and light commercial vehicle (LCV) segments in the next one to one-and-half years. “Looking at the changing ...
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