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CORPORATE
ALLIANCES & JOINT VENTURES:
Tata’s Advinus Therapeutics in drug development deal with J&J arm
To receive $247 m milestone payments on novel targets. Mumbai, Sept. 30 Three-year-old Advinus Therapeutics, a Tata group company, has entered into a drug development collaboration with Johnson and Johnson subsidiary, Ortho-McNeil-Janssen ...
ALLIANCES & JOINT VENTURES:
SAIL, L&T in pact for power plants
New Delhi, Sept. 30 State-owned Steel Authority of India Ltd (SAIL) said here on Tuesday it had signed a memorandum of understanding with engineering and construction major, Larsen & Toubro Ltd, for jointly setting up power ...
NEW PROJECTS:
Leyland sets up venture with US co John Deere
Greenfield plant to produce backhoe loaders. Chennai, Sept. 30 Ashok Leyland today announced the setting up of a joint venture with the US-based John Deere to make construction ...
PERFORMANCE:
ITC plantations help feed Bhadrachalam mill with wood
Kolkata, Sept. 30 Over 93 per cent of ITC’s Bhadrachalam mill’s wood requirement in 2007-08 came from plantations initiated through ITC’s forestry project undertaken by tribals and marginal farmers, according to ...
OUTLOOK:
Mahindra Holidays to invest Rs 400 cr for expansion
Mumbai, Sept. 30 Mahindra Holidays & Resorts India Ltd, part of the $6-billion Mahindra Group, is investing Rs 400 crore this fiscal to expand its network from the current 800 rooms ...
NEW PROJECTS:
Nano project: Ratan Tata to meet Buddhadeb on Friday
Kolkata, Sept. 30 The Chairman of the Tata Group, Mr Ratan Tata, will meet the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, on October 3 to discuss the future of the Tata small car project ...
OVERSEAS INVESTMENTS:
Dabur’s Gulf plant to start production by Dec
Ahmedabad, Sept. 30 Dabur India Ltd’s new plant at Ras-al-Khaimah in the United Arab Emirates (UAE) will start production of personal care products by December 2008, a company official ...
NEW BUSINESS:
BHEL bags Rs 990-cr order
State-run power equipment major Bharat Heavy Electricals Ltd (BHEL) on Tuesday announced it has bagged a Rs 990-crore order to set up a 500 MW (2x250 MW) thermal power plant in Rajasthan. The order has been placed by Rajasthan Rajya Vidyut ...
NEW BUSINESS:
BEL bags Rs 100-cr order for voting machines
The Election Commission, which has just placed a Rs 100-crore-plus order for 1.02 lakh electronic voting machines with Bharat Electronics Ltd, is looking at innovations in it such as fingerprint recognition, ‘Totaliser’ or ...
ANNOUNCEMENTS:
Honda Siel to begin auto component exports
Chennai, Sept. 30 Honda Siel Cars India Ltd will soon commence exports of auto components ...
OUTLOOK:
UEI Global School plans 60 training centres by 2010
Thiruvananthapuram, Sept. 30 UEI Global School of Service Management, an educational venture promoted by the New York-based Berggruen Holdings, plans to have 60 training centres across the country by ...
NEW PROJECTS:
Special Engg to set up seating system plant in Chennai
Chennai, Sept. 30 Kolkata-based GP Birla and CK Birla group-owned Special Engineering Services Ltd is setting up an assembly plant in Chennai to supply seating systems to Hindustan Motors’s new offering from the Mitsubishi ...
OUTLOOK:
Mahindra Lifespaces looks at foray into ‘value homes’ segment
Begins land acquisition in Maharashtra for setting up SEZ. Mumbai, Sept. 30 Mahindra Lifespaces, the real estate arm of the Mahindra Group, is in the process of mapping its entry into the affordable ...
ANNOUNCEMENTS:
New range of Logan cars launched
Bangalore, Sept. 30 Mahindra Renault on Tuesday launched a new collection of Logan cars which will replace its older versions across ...
NEW PROJECTS:
Sunil Mantri lines up projects for Bangalore
Sunil Mantri Realty Ltd has lined up six to eight projects for Bangalore to be launched by the end of the next year at a total investment of between Rs 350 crore and Rs ...
VENTURE CAPITAL:
Premji, IFCI Ventures to fund Khattar’s biz
New Delhi, Sept. 30 Mr Azim Premji would invest Rs 80 crore through his private investment arm PremjiInvest in the new venture of former Maruti Suzuki Managing Director, Mr Jagdish Khattar, for multi brand car sales and service ...
NEW BUSINESS:
Jessop gets Emirates Trading Agency order
Kolkata, Sept. 30 The Ruia group controlled Jessop and Co Ltd has received order from the Emirates Trading Agency (ETA) group of Dubai for supplying five rakes of wagons worth Rs. 50 crore to its Indian arm ...
DIVIDEND ANNOUNCEMENT:
BEL pays 147% final dividend
Bangalore, Sept. 30 Bharat Electronics Ltd has declared a total dividend of 207 per cent for the year ...
DIVIDEND ANNOUNCEMENT:
Dredging Corpn declares 150% dividend
Visakhapatnam, Sept. 30 The Dredging Corporation of India (DCI) has declared dividend of 150 per cent for the third time, including interim dividend of 75 per cent paid in March, for 2007-08, involving an amount of Rs 42 crore, according to ...
CORPORATE DISPUTES:
HC adjourns RIL, RNRL hearing till Oct 6
Mumbai, Sept. 30 The Bombay High Court on Tuesday adjourned the hearing in the dispute between Reliance Natural Resources (RNRL) of the Anil Ambani group and Reliance Industries Ltd (RIL), over the supply of natural gas from RIL ...
ALLIANCES & JOINT VENTURES:
ALL new foray may help beat slowdown
Domestic distribution network stands in good stead. Ashok Leyland’s diversification moves — first into the light commercial vehicle segment (LCV) in a joint venture with Nissan and now into the manufacture of construction equipments ...
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