The Hindu Business Line : Tuesday, June 10, 2008

NEW BUSINESS
Educomp bags contract from 395 schools for ICT program
New Delhi, June 9 Educomp Solutions has said that the company has secured contracts from 395 schools under the ICT segment comprising 208 schools in Rajasthan, 187 schools in Jharkhand. With these orders the total number of schools in the ... More

MERGERS & ACQUISITIONS
Zydus Cadila buys 70% in S. Africa’s Simayla Pharma
Acquisition amount not known; co sees opportunity to grow its business More

M&M plans to use Italian co’s engine technology
New Delhi, June 9 Mahindra & Mahindra is looking at capitalising on the recent acquisition of the $12-million Italian two-wheeler design company Engines Engineering, made by its component arm Systech. Though the acquisition is by Systech, ... More

Simayla buy: Positive for Cadila
Adds better front-end presence, good product basket More

CORPORATE GOVERNANCE
Changes in shareholding to be out in 2 days
SEBI proposes to shrink time period for disclosure from 9 days as of now More

NEW PROJECTS
Indraprastha Gas still waiting for Noida foray
Indraprastha Gas’s planned foray into city gas distribution in Noida, Uttar Pradesh, continues to be dogged by problems. The project, according to the company, has been stalled for the last three months due to oral instructions from ... More

Seshasayee Paper to commission expanded pulp mill by month-end
Chennai, June 9 Seshasayee Paper and Boards Ltd expects to commission the expanded pulp mill capacity by the month end. Following this, the company will start work on expanding its paper production capacity with an additional investment of Rs ... More

OVERSEAS INVESTMENTS
Sadbhav Engg to buy 74% in HK co for Africa mining foray
Sadbhav Engineering Ltd has said it will acquire 74 per cent stake in the Hong Kong-based Ocean Bright Corporation Ltd (OBCL), which holds licences and prospecting rights for iron ore and copper in Mozambique. The acquisition cost was not ... More

ALLIANCES & JOINT VENTURES
HT Media, German media group tie-up
HT Media has signed a joint venture with German media group Hubert Burda, under which it will set up a printing facility near its own Greater Noida facility. Hubert Burda, which has interests in publishing, radio, event management and the ... More

VENTURE CAPITAL
Indian cos leveraging PE funds’ expertise to gain global edge
Helps access world markets, global best practices and managerial skills More