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CORPORATE
MERGERS & ACQUISITIONS:
Daiichi Sankyo to book losses on Ranbaxy
New Delhi, Jan. 5 Daiichi Sankyo on Monday said it will write down a ¥359.5 billion ($3.84 billion) valuation loss on its acquisition of Ranbaxy Laboratories ...
MERGERS & ACQUISITIONS:
Taro rebuffs Sun’s revised proposals
Willing to hold shareholder referendum on merger price. Sun Pharma’s efforts to reconcile the ongoing litigation with Taro Pharma by sending two amended proposals have been rebuffed by the Israeli generic-drugs ...
COURTS/LEGAL ISSUES:
Tatas move court against nod for RPower to divert Sasan coal
Mumbai, Jan. 5 Tata Power Company has moved court against the government’s decision to allow Reliance Power Ltd the use of coal from the captive mines allotted for the Sasan Ultra Mega Power Project, for other projects of the Anil ...
OUTLOOK:
GM extends December sops for Spark, U-VA
Company keen on clearing 2008 stocks. Mumbai, Jan. 5 Car buyers made the most of a discount-filled December but it was possibly still not enough to clear dealer stocks of all ...
PERFORMANCE:
Corporate profits could be lower in Q3: Study
Tata Steel, DLF could suffer negative growth: Motilal Oswal. Mumbai, Jan. 5 Profits of several corporates are expected to be lower in the December quarter, according to a study by Motilal Oswal Financial ...
TAXATION:
United Spirits may review stand on excise barriers for foreign brands
Company in talks with Diageo for financial deal. Bangalore, Jan. 5 A financial tie-up with global majors such as Diageo could see United Spirits re-looking at its stiff stand on excise barriers for foreign spirits brands as well as the ...
PEOPLE:
Strides Arcolab gets new HR head
Strides Arcolab Ltd has announced the appointment of Mr N. Balachandar as Chief Human Resources Officer in a newly created post. Mr Balachandar will lead all HR functions across Strides globally and have the overall responsibility for human ...
FIXED DEPOSITS:
Another Nagarjuna Finance Director remanded
Mr G.S. Raju, a Director of Nagarjuna Finance Ltd (NFL), was remanded to judicial custody on Monday by a City Court. Mr Raju was arrested at the international airport in New Delhi on Saturday night, while he was reportedly proceeding to Israel ...
OUTLOOK:
Precot unit stops production
Precot Meridian Ltd has stopped production at its Meridian-Unit 3 near Pollachi in Coimbatore district with an installed capacity of 32,256 spindles, to take up structural repairs to the roof of the building. This has come about due to sagging ...
ANNOUNCEMENTS:
IGL gets exclusivity for gas distribution network in Delhi
New Delhi, Jan. 5 Indraprastha Gas Ltd (IGL) has been granted exclusivity for implementing city gas distribution network in the entire national capital territory of Delhi by the Petroleum & Natural Gas Regulatory Board (P&NGRB). ...
SOCIETY & DEVELOPMENT:
Global warming: Hot
Of late, there has been a lot of discussion both in the press and on the TV and radio on the impending doom that mankind might face sooner than expected, due to global warming. It is interesting to note that some Kerala astrologers too have taken ...
CORPORATE BONDS:
Takata in pact with Anand Automotive System
New Delhi, Jan. 5 Japanese auto component company, Takata Corporation announced a joint venture with the Rs 3,000-crore Anand Automotive System to produce safety systems such as seatbelts, airbags, and steering wheels for vehicle producers in ...
NEW PROJECTS:
BEML to set up new unit at Kinfra Park
Kochi, Jan. 5 BEML Ltd, is planning to set up a new unit at the 1,000 acres of land at the Kinfra Integrated Industrial Park, ...
NEW PROJECTS:
Karnataka, BHEL speed up 3 power projects
Bangalore, Jan. 5 In a bid to speed up the capacity to meet the steep demand for energy, the Karnataka Government has advanced the development of three power projects (of 660 MW each) in collaboration with the Bharat Heavy Electricals during ...
NEW PROJECTS:
Uniparts Vizag unit goes on stream in APSEZ
Visakhapatnam, Jan. 5 Uniparts India Ltd, which inaugurated its manufacturing unit in the Andhra Pradesh Special Economic Zone at Atchyuthapuram in Visakhapatnam district on Monday, hopes to export components and systems worth Rs 220 crore in ...
PEOPLE:
T. Karthikeyan is ICAI secretary
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Columnists:
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C Gopinath
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Harish Bijoor
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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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