|
|
CORPORATE
COURTS/LEGAL ISSUES:
Tatas asked to pay $19 m to RCom
Court awards damages for denial of access to landing station in Mumbai. Mumbai, Sept. 1 Tata Communications has been directed to pay $19.29 million (Rs 84.87 crore) plus interest from May 2006 as damages to Reliance Communications, in the ...
NEW PROJECTS:
Luxor to commission Uttarakhand unit in Oct
Looking to promote retail venture, launch more stores. Hyderabad, Sept. 01 Luxor Writing Instruments Pvt Ltd (LWIL) expects to commission its new unit in Uttarakhand by October. Once commissioned, it would be the company’s eighth ...
NEW PROJECTS:
Continental Auto sets up new platforms in India
To invest Rs 250 cr in existing plant; raising headcount in engg centre. Bangalore, Sept. 1 Continental Automotive Components, a leading auto parts company, is fine-tuning its Indian operations setting up new platforms for manufacturing parts ...
WORK LIFE:
A third of Wipro staff may soon work from home
‘Convincing customers about the model a challenge’. Chennai, Sept. 1 The work-from-home culture is spreading so fast at Wipro Technologies Ltd that the software major expects that nearly a third of its employees will in future be ...
OVERSEAS INVESTMENTS:
Suzlon to buy out Martifer stake in REpower
Takes its holding to 90%; acquisition to cost Rs 1,750 cr. Mumbai, Sept. 1 Suzlon Energy Ltd has further increased it stake in REpower Systems AG, the German wind power company which it acquired in May ...
NEW PROJECTS:
Singur: Mamata says open to talks, but agitation will continue
Kolkata, Sept. 1 The West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has welcomed the State Governor, Mr Gopal Krishna Gandhi’s initiative to resolve the imbroglio over land acquisition in Singur for the Tata small car project. ...
OUTLOOK:
AyurVAID sets out to break stereotypes
Involves venture capital funds, insurance covers. Mumbai, Sept. 1 Hospital chain AyurVAID is looking to break several stereotypes as it expands out of Kerala and into Bangalore this September. ...
NEW PROJECTS:
Ashok Leyland-Nissan projects to come up in more TN locations
Chennai, Sept. 1 The Ashok Leyland-Nissan joint venture has sought the Tamil Nadu Government’s permission to set up production facilities spread across a few locations, according to sources in the ...
OVERSEAS INVESTMENTS:
L&T, Karnataka Power close to deal for Indonesian coal mine acquisition
Bangalore, Sept. 1 Engineering major L&T Ltd and Karnataka Power Corporation Ltd (KPCL) are on the verge of entering into a joint venture agreement for acquiring a coal mine in Indonesia. ...
OUTLOOK:
MedPlus looks to double pharma retail outlets by March
Hyderabad, Sept. 1 MedPlus Health Services, the fast growing pharmacy retail chain, has set its sights on doubling its store strength across the country from 520, by the end of March ...
ALLIANCES & JOINT VENTURES:
NAPC ties up with Maverick Fitness
Chennai, Sept. 1 NAPC Ltd, a diversified company with a presence in infrastructure, real estate development and mining, has entered into an agreement with Maverick Fitness to fund the fitness company’s expansion ...
ANNOUNCEMENTS:
Mercedes-Benz drives bus into India
Pune, Sept. 1 Mercedes-Benz has entered the bus business in the country with the launch of its first ever bus, a luxury intercity coach that will initially operate on a few designated routes in Maharashtra and southern India. ...
DIVERSIFICATION:
Tata Industries proposes to enter emerging technology areas
Hyderabad, Sept. 1 Tata Industries Ltd is firming up plans to enter emerging technology areas, which offer scalability and business opportunity in a big way with significant ...
MERGERS & ACQUISITIONS:
RIL spikes KG basin stake transfer plan
Reliance Industries Ltd (RIL) has spiked its plans to transfer a slice of its participating interest in the D-6 block of the Krishna-Godavari basin gas field to some of its unlisted ...
OVERSEAS INVESTMENTS:
Calsoft to divest stake in Japan co
Chennai, Sept. 1 California Software Company Ltd (Calsoft) will divest its 66 per cent equity stake in the Japan-based Codex Ltd, a trading solutions provider whose customers include Itochu Petroleum ...
NEW PROJECTS:
Sterlite Energy setting up new plant in Punjab
Mumbai, Sept. 1 Sterlite Energy Ltd, a Vedanta Resources Group company, will set up a 1,980-MW power plant in Punjab with an investment of Rs 9,000 to Rs 10,000 ...
NEW BUSINESS:
Megha Engg in line for ONGC Assam deal
Hyderabad, Sept. 1 Megha Engineering and Infrastructure Ltd (MEIL) has emerged the lowest bidder for ONGC’s Rs 2,400-crore project for complete revamp of oil and gas production facilities at Lakwa Oil fields in ...
CORPORATE DISPUTES:
Ambanis case: MoU stays bone of contention
Mumbai, Sept. 1 The family memorandum of understanding between Anil Ambani and Mukesh Ambani based on which the Reliance empire was split continues to remain the main point of argument in the ongoing case between RIL and RNRL over sharing of ...
CORPORATE DISPUTES:
Zandu AGM rescheduled
Ayurveda-products maker Zandu Pharmaceutical Works Ltd has rescheduled its annual general meeting for September 24. The Mumbai-based Zandu had postponed its AGM that was earlier slated for August 9, after the Bombay High Court asked the Company ...
ANNOUNCEMENTS:
RIL’s D-6 gas output delay
There is likely to be a slight delay in Reliance Industries Ltd starting production of natural gas from the D-6 block in KG basin, a senior Government official said on Monday. Speaking to newspersons on the sidelines of the 45th Indian Oil Day ...
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
|
RSS Feeds