Business Daily from THE HINDU group of publications
Saturday, December 20, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, December 20, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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NEW PROJECTS: Reliance Ind may go slow on some projects To focus more on core biz to deal with meltdown. Mumbai, Dec. 19 Mukesh Ambani-controlled Reliance Industries Ltd may go slow on certain of its planned projects such as the Rs 5,000-crore Rewas port project, the Navi Mumbai SEZ project and the ... PEOPLE: Daiichi gets 2 new members on Ranbaxy board Shivinder Mohan Singh, Brian Tempest not on new board. New Delhi, Dec 19 Ranbaxy Laboratories Ltd and Daiichi Sankyo Co Ltd announced the reconstitution of the Indian pharma company’s board of ... MANPOWER: Lakshmi Mills announces VRS at Coimbatore unit Coimbatore, Dec. 19 Lakshmi Mills Company Ltd has announced a voluntary retirement scheme at its Pappanaikenpalayam ... TRADE & LABOUR UNIONS: RINL contract workers go on strike The contract workers in Rashtriya Ispat Nigam Ltd here went on a day’s strike on Friday in protest against “the steel plant management’s refusal to hike the salary by Rs 1,000 a month as promised by the Union Steel Minister ... NEW BUSINESS: C&C Const bags freight corridor order C&C Constructions Ltd, based at Gurgaon, has received an order for Rs 781 crore for a dedicated freight corridor from New Karwadiya to New Ganj Khwaja in Bihar, a length of 105 km. This project will be executed with its joint venture ... NEW PROJECTS: Shiva Cement gets nod for expansion Shiva Cement Ltd’s board of directors has communicated the approval received from Orissa Govt for its expansion project – 1 million TPA clinker and 1.3 million TPA cement grinding unit and Government will consider additional mines, ... OVERSEAS BORROWINGS: K Sera Sera nod for GDR, ADR K Sera Sera Productions Ltd’s board has approved issue/allotment of Global Depository Receipts (GDR)/American Depository Receipts (ADRs)/Foreign Currency Convertible Bonds (FCCBs)/ any securities convertible into equity shares ... ANNOUNCEMENTS: ZF Steering shuts factory for 8 days ZF Steering Gear India Ltd has said that in view of the recession in automobile industry, particularly in commercial vehicles, resulting in poor inflow of orders, poor capacity utilization of the plant and piling up of finished goods inventory, ... NEW BUSINESS: KEC bags Tajikistan order KEC International Ltd (KEC), which is in power transmission EPC business, has bagged an order for Rs 88 crore from Barki Tojik, national electricity company of Tajikistan. The total length of the line is 118 km and the project will be completed ... OUTLOOK: Time for tie-up running out for Diageo, says United Spirits To explore tie-ups with other foreign liquor majors if no deal is clinched. Bangalore, Dec. 19 Time could be running out for Diageo plc as it negotiates a possible joint venture with United Spirits as the Indian liquor major may start talks with ... MERGERS & ACQUISITIONS: ‘Dutch firms open to merger, acquisition activity’ Netherlands seen as potential hub for EU business. Hyderabad, Dec. 19 Several Dutch firms are now open to mergers and acquisitions than ever before in sectors such as information technology, pharmaceuticals and some family held businesses in ... NEW PROJECTS: Facility for manufacturing multiparking systems to come up soon Pune, Dec. 19 Klaus Multiparking Systems India — a 50:50 joint venture between Klaus, a German player in mechanised car parking, and the Pune-based Automag Group — is setting up a facility for the manufacture of entire ... OVERSEAS INVESTMENTS: Tata Steel gets go-ahead for bidding in Liberia mines Tata Steel will get back into the bidding process for the Western Cluster iron ore project in Liberia, thereby putting allegations of any wrongdoing ... NEW PROJECTS: Slow progress in 12 SEZs, says Parsvnath Work hit by land acquisition issues. Delhi-based real estate company Parsvnath Developers on Friday said that work on 12 of its proposed Special Economic Zones (SEZs) is proceeding at a slow pace as the land acquisition for those projects was ... DIVIDEND ANNOUNCEMENT: ONGC board okays 180% interim dividend New Delhi, Dec 19 The ONGC board has approved an interim dividend of 180 per cent for the financial year 2008-09. According to a statement issued by the company, “this amounts to Rs 18 for every equity share, aggregating to Rs ... ALLIANCES & JOINT VENTURES: Sahil, RIMC, Inet in 3-way venture to manage hotels Pune, Dec. 19 Royal International Management Company (RIMC) GmbH, Hamburg, has entered into a joint venture with Pune- based Sahil Group and Inet Global Group of Switzerland to set up RIMC Sahil Hospitality India Pvt Ltd. The equity holding ...
ALLIANCES & JOINT VENTURES:
Sri Lakshmi Venkateswara ties up with Karvy Realty, Artha Money Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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