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CORPORATE
TAXATION:
Advance tax: Top Ten payments’ growth slows
New Delhi, Dec. 23 The advance tax contribution of the top ten advance tax paying companies grew only 6.6 per cent up to the December 15 instalment on a year-on-year basis. This was in sharp contrast to the near 30 per cent year-on-year ...
MERGERS & ACQUISITIONS:
JLR supply chain will collapse without bailout
Mumbai, Dec. 23 Any delay in bailing out Jaguar Land Rover (JLR) would be “catastrophic” for the entire supply chain associated with the car company, say top sources in the UK familiar with ...
MERGERS & ACQUISITIONS:
Piramal Healthcare to buy Minrad for Rs 196 cr
Looks to strengthen global presence in critical care space. Mumbai, Dec. 23 Piramal Healthcare Ltd is set to strengthen its global presence in critical care with the acquisition of Minrad International Inc for $40 million or about Rs 196 ...
CORPORATE GOVERNANCE:
Maytas ‘deal’: Satyam told to provide details of board meet
Registrar of Companies report to be ready by January 10. Hyderabad, Dec. 23 The Ministry of Company Affairs (MCA) has given Satyam Computer Services a week’s time to provide all the information on the December 16 board meeting that took a ...
NEW PROJECTS:
Bharat Dynamics to set up torpedo production centre
Facility at Vizag likely to go on stream in 6-12 months. Visakhapatnam, Dec. 23 The Bharat Dynamics Ltd, Hyderabad, is setting up a torpedo production centre here in a year or so, according to Dr V. Bhujanaga Rao, the Director of the Naval ...
NEW PROJECTS:
NTPC chalks out ‘green plans’
650 MW of wind energy and 300 MW of small hydro projects. New Delhi, Dec. 23 NTPC Ltd, the country’s largest power generator, is targeting over 1,000 MW of renewable capacity over the next ten years, including 650 MW of wind energy and 300 ...
OUTLOOK:
Indian compact car project only one to be retained
Bangalore, Dec. 23 With Toyota Motor Corporation announcing that it will post losses for the first time in over 70 years, the Indian compact car project will be the only big ticket global project of the car maker that has been allowed to ...
NEW BUSINESS:
Reliance Infra gets new contract
...
DIVERSIFICATION:
Dishman Pharma lays foundation stone for SEZs
Ahmedabad, Dec. 23 Dishman Pharmaceuticals & Chemicals Ltd will generate direct employment for 25,000 people in pharma and engineering Special Economic Zones coming up in Bavla Taluka, 45 km fromAhmedabad, said Mr Janmejay Vyas, ...
SECURITY:
AP Securitas ties up with ARES Group of Israel
Mumbai, Dec. 23 AP Securitas Group (APS) of India, providing security services to major Indian corporate houses, is in talks with the committee for Commonwealth Games to provide specialised security services and ...
ANNOUNCEMENTS:
NMDC asks contracted buyers to stick to long-term pacts
Hyderabad, Dec. 23 National Mineral Development Corporation (NMDC) has asked its contracted buyers to lift at least 90 per cent of their contracted ore agreed under the Long Term ...
ALLIANCES & JOINT VENTURES:
Becton Dickinson in MoU with paediatrics academy
Kochi, Dec. 23 Becton Dickinson India, a leading global medical technology company, has signed a memorandum of understanding with the Indian Academy of Paediatrics – Kochi to promote safe injection practices in all the government ...
OUTLOOK:
Hind Aeronautics’ MRO hits the brakes
Bangalore, Dec. 23 The economic downturn across sectors has not exactly hit Hindustan Aeronautics Ltd but has put its planned civil aircraft repair project or MRO on ...
OUTLOOK:
Mahindra Forgings may close Chakan unit for 10 days
Coimbatore, Dec. 23 Mahindra Forgings Ltd has said that on account of ongoing economic slowdown, forging industry is experiencing a decline in demand and it has been decided to align company’s production with reduced demand for ...
ENVIRONMENT:
Godawari Power's CDM project
...
OUTLOOK:
Swaraj Engines for moderation
...
NEW BUSINESS:
Punj Lloyd bags Rs 304-cr deal
...
NEW PROJECTS:
Shree Renuka Sugars sets up arm
...
NEW PROJECTS:
HPCL to review feasibility of Vizag project
New Delhi, Dec. 23 Hindustan Petroleum Corporation Ltd (HPCL) and its consortium partners will decide on the viability of a 14-15 million tonne a year refinery-cum-petrochemical project at Visakhapatnam, in April-May next ...
TRADE & LABOUR UNIONS:
Visakha steel workers’ union seeks captive iron ore mines
The leaders of Visakha Steel Workers’ Union, the recognised union in the steel plant here, along with some members of Parliament of the Telugu Desam and the CPI (M) party from Andhra Pradesh, met the Prime Minister, Dr Manmohan Singh, ...
NEW PROJECTS:
Orange Properties launches 65-acre project near Devanahalli
Bangalore, Dec. 23 Orange Properties announced the launch of a 65-acre township project near Devanahalli, where the company offers villas and apartments at the “cost price”. The four-day offer opens on December ...
ANNOUNCEMENTS:
Nagarjuna Construction promoters hike stake
Hyderabad, Dec. 23 A V S R Holdings Pvt Ltd an Investment Company belonging to the promoters group of Nagarjuna Construction Company Ltd (NCC) has acquired 50,321 equity shares of Rs 2 each of the company from the market (NSE ...
IPR:
Dr Reddy’s settles patent dispute on Clarinex with UK pharma cos
Hyderabad, Dec. 23 Pharma major Dr Reddy’s Laboratories Ltd has entered into agreements with UK-based Schering Corporation and Sepracor Inc to end a patent dispute on the generic version of Clarinex-D, which offers relief from nasal ...
OVERSEAS INVESTMENTS:
Oil cos put on hold plans to invest in Brazil
New Delhi, Dec. 23 In view of the economic slow down and resource crunch, the public sector oil marketing companies (OMCs) have put on hold their plans to invest in Brazil to set up ...
CORPORATE DISPUTES:
Bajaj dispute nearing end
Mumbai, Dec. 23 The warring factions of the Bajaj family are set to bury the hatchet very soon. The Chairman of Bajaj Auto, Mr Rahul Bajaj, has kicked off the process of selling his stake in Bajaj Hindusthan to brother, Mr Shishir Bajaj. In ...
Columnists:
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C Gopinath
•
Harish Bijoor
•
Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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