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CORPORATE
HUMAN RESOURCES:
Ashok Leyland may cut number of working days
Not planning lay-offs, say company officials. Chennai, Oct. 29 Ashok Leyland is contemplating reducing the number of working days “by one or two days a week” so as to match its inventory to the current demand of commercial vehicle ...
NEW PROJECTS:
Ispat Energy plans to produce bio-CNG
To invest Rs 1,000 cr to get gas from sugarcane byproduct. Mumbai, Oct. 29 Ispat Energy Ltd, a subsidiary of Ispat Industries Ltd, has plans to invest about Rs 1,000 crore in the current fiscal for producing bio-CNG from pressmud, a byproduct ...
PERFORMANCE:
Volumes grow, profits shrink, says M&M
Mumbai, Oct. 29 The high interest rate and input cost put pressure on operating margins and profits, although vehicle sales went up during the June-September quarter, said auto major, Mahindra & Mahindra. The volumes across ...
NEW PROJECTS:
IOC’s Paradip project on course
Kolkata, Oct. 29 Thinning refining margin and a global crisis notwithstanding, Indian Oil will stick to its plans to set up the proposed 15-million-tonnes Paradip refinery. The company is optimistic about completing the project at a cost ...
OVERSEAS INVESTMENTS:
Dr Reddy’s in race for $3.5-b German tender
Hyderabad, Oct. 29 Dr Reddy’s Laboratories Ltd is pinning hopes on winning an over-$3.5-billion sick fund tender in Germany next month to increase its revenue and profitability in the market ...
MERGERS & ACQUISITIONS:
Approval for NTPC, NPCIL talks
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OUTLOOK:
3M India investment plan
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AWARDS & HONOURS:
Maytas Infra bags award
Maytas Infra Ltd has announced it has bagged the ‘Fastest Growing Construction Companies in India’ award of the Construction World magazine. The company has been ranked first amongst several other participating ...
RESTRUCTURING:
Godrej clears divestment
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INVESTMENTS:
Electrotherm investment
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NEW PROJECTS:
Abhishek Corpn project
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CONSULTING:
Deccan Chronicle mandate
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