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CORPORATE
NEW PROJECTS:
Tata Motors gearing up to pull out from Singur
Working out detailed plan to relocate plant, machinery. Chennai/Kolkata, Sept. 2 Tata Motors is all set to pull out of Singur in West Bengal, from where it was to roll out its low-cost car ...
NEW PROJECTS:
Troubled ride
CORPORATE DISPUTES:
Gas row: RNRL willing to place family MoU in court
Mumbai, Sept. 2 Senior Counsel for RNRL, Mr Ram Jethmalani, told the Bombay High Court on Tuesday that the Anil Ambani Group company was willing to place before the court the relevant portions of the family Memorandum of Understanding between ...
ANNOUNCEMENTS:
Tata Motors’ ‘A’ rights priced Rs 305 a share
To have lesser voting rights but higher dividend. Mumbai Sept. 2 Tata Motors on Tuesday said it will issue shares with lower voting rights (‘A’ ordinary shares) on a rights basis at Rs 305 for a share, which is at a discount of 10 ...
OUTLOOK:
Apollo Reach plans big for small cities, towns
To set up 250 super-specialty hospitals. Chennai, Sept. 2 Apollo Reach Hospitals, a subsidiary of Apollo Hospitals Enterprise Ltd, plans to set up a chain of 250 super-specialty hospitals in small towns and ...
OUTLOOK:
Airbus expects next wave of orders in 2011-12
Company buoyant on Indian aviation sector. New Delhi, Sept 2 The European aircraft manufacturer, Airbus, expects the next wave of aircraft orders from airlines of India after 2011-12 as they seek to capture a greater share of the international ...
NEW PROJECTS:
Nano vendors hold on to the dream
Industry honchos say launch important for country, too. Chennai/New Delhi, Sept. 2 Amidst growing uncertainties on whether Nano will meet its launch deadline of October, vendors of the “dream car” seem to be bullish. ...
COMPANY LAW:
Small units may have it easy with new cos Act
Chennai, Sept. 2 The Companies Bill 2008, which was cleared by the Cabinet last week, is expected to come into effect latest by the end of 2009. ...
OUTLOOK:
General Motors India looking to export vehicles
Talegaon (Pune), Sept. 2 With the increased capacity, General Motors is looking at exporting vehicles from India. To begin with, the company is lining up dealerships in neighbouring countries such as Sri Lanka, Bangladesh and Bhutan, while ...
ALLIANCES & JOINT VENTURES:
Archies bonds with UK co to retail ‘Me to You’ product range
To strengthen online business. New Delhi, Sept. 2 Social expression major Archies Ltd has tied up with the UK-based Carte Blanche Greetings to distribute and sell its brand ‘Me To You’ in India. ...
MERGERS & ACQUISITIONS:
NTPC-BHEL to sell 50% stake
NTPC-BHEL Power Projects Pvt Ltd (NBPPL), a newly formed joint venture between state-owned equipment maker Bharat Heavy Electricals Ltd (BHEL) and power generation major NTPC Ltd, plans to sell up to a 50 per cent stake to private companies. BHEL ...
OUTLOOK:
Ambuja Cement output up in Aug
Holcim-owned Ambuja Cement on Tuesday reported 6.9 per cent growth in cement production at 1.20 million tonnes (mt) in August against 1.13 mt logged in the corresponding period last year, the company said in a statement. Sales grew 7.7 per cent ...
ALLIANCES & JOINT VENTURES:
Sical Logistics to finalise location for Jurong Port joint venture in 3 months
Sical Logistics has identified several locations on east and west coasts for the port project it proposes to launch in partnership with Jurong Port Ltd of Singapore. “We will finalise the location within the next three months”, Mr ...
OUTLOOK:
OIL to invest Rs 13,000 cr in 5 years, mulls IPO in Nov
Ahmedabad, Sept. 2 Public sector “mini ratna” Oil India Ltd — which proposes to hit the capital market around November 10, offering 2.64 crore shares — intends to invest nearly Rs 13,000 crore over the next five years ...
OUTLOOK:
GM India to launch second small car in 2009
Aims to double market share. Pune, Sept 2 General Motors India (GMI) has plans to introduce a second product in the mini to small car segment in the later part of 2009, and expects to double its market share in India from the current four per ...
OUTLOOK:
ONGC not keen on higher stake for Statoil
‘Favourably inclined to hand over operatorship of KG block’. Kolkata, Sept. 2 ONGC seems agreeable to offering operatorship of the KG-DWN-98/2 offshore block to Statoil Hydro, in view of the latter’s expertise in deep sea ...
MERGERS & ACQUISITIONS:
A K Minda Group buys German co
New Delhi, Sept 2 Diversified auto component maker A K Minda Group has acquired €75-million (Rs 480 crore) German company Schenk Plastic Solutions, for an undisclosed amount. ...
ANNOUNCEMENTS:
Kingfisher flying overseas today
Bangalore-London-Bangalore flight. Kingfisher Airlines on Tuesday announced that it will start its international operations from Wednesday with a Bangalore-London-Bangalore ...
RESEARCH & DEVELOPMENT:
Maruti to scale up R&D work on small car engines
New Delhi, Sept. 2 Maruti Suzuki on Tuesday said it would scale up its research and development work for small car engines from its Indian operations. ...
COURTS/LEGAL ISSUES:
HC holds Singapore importer, Indian agent liable to clear dues to leather machinery exporter
Chennai, Sept. 2 The Madras High Court has ruled that Section 230 of the Indian Contract Act embodied the principle of English Law relating to the personal liability of the agent of a foreign principal; it was, however, confined only to cases ...
OUTLOOK:
Dr Reddy’s scouting for buys
Hyderabad, Sept. 2 Pharma major Dr Reddy’s Laboratories is scouting for acquisitions as part of its strategy to handle economic slowdown, according to Mr G.V. Prasad, Vice-Chairman and ...
OUTLOOK:
Nivio to raise $12-15 m to fund growth
Hyderabad, Sept. 2 Nivio SA, promoters of Nivio, a service that allows subscribers to rent software applications from companies including Microsoft and Adobe, is looking at raising $12-15 million to fund its expansion ...
AWARDS & HONOURS:
Lanco Aban gets CII award
Hyderabad: Lanco’s Aban Power Company Ltd (APCL) has won the National “Energy Efficient Unit” award instituted by the Confederation of Indian Industry (CII) – Godrej GBC. ...
RESTRUCTURING:
Convergys mulls biz rejig
Convergys Corporation has announced that its board of directors and senior management team are evaluating a potential separation of the company’s Information Management business from the remaining streams of ...
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