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CORPORATE
OPEN OFFERS:
Satyam staff worried as bidding process begins
With the Satyam Computer Services Board setting the ball rolling for selecting the strategic investors, associates at different levels are a worried lot – as to what will happen to their future when a new management ...
OUTLOOK:
Tata Motors, Ashok Leyland see more bus orders next fiscal
Incentive scheme for auto sector to help generate Rs 4,000-cr biz. Bangalore, March 11 The country’s top two domestic bus makers – Tata Motors and Ashok Leyland – expect between 10 per cent and 15 per cent growth next fiscal ...
OUTLOOK:
Procedural shackles hit ONGC’s move to cut costs on hiring rigs
Oil major unable to take advantage of softening global rates. Kolkata, March 11 If it was the Union Government which forced ONGC to forgo larger part of the profits during the last oil boom, post meltdown the same Government control now comes in ...
OUTLOOK:
Toyota confident Innova will hold its own against Xylo
‘Model gaining ground in semi-urban markets despite higher price tag’. Mumbai, March 11 Toyota Kirloskar Motor (TKM), the Indian arm of the Japanese automaker, is confident that the Innova multipurpose vehicle will comfortably hold ...
PREFERENTIAL ALLOTMENTS:
Preferential allotment and public offer
The spirit behind the public offer norm triggered on takeover of more than 15 per cent of the voting capital is that the public shareholders should also savour the same attractive price albeit on a part of their holdings which the promoters ...
NEW PROJECTS:
Dutch life sciences co DSM opening facility in Pune
Pune, March 11 DSM N.V., the Netherlands-based life sciences and material sciences company, will inaugurate its new facility for producing engineering plastic compounds in Ranjangaon in ...
OVERSEAS INVESTMENTS:
Due diligence in overseas acquisitions
Recently, KPMG hosted a seminar in three Indian cities, with the theme ‘India Goes Global’. The common view expressed by the participants — many high growth and large Indian companies — was that this is the time to ...
NEW PROJECTS:
Perot Systems to invest $60 m in proposed Coimbatore campus
Facility will be completed in three phases; company to hire 700 this year. Chennai, March 11 Perot Systems Corporation, the $2.8-billion US-based software company, will invest $50-60 million in its new technology campus in ...
OUTLOOK:
BHEL sees lower input cost benefits only by next fiscal
Lag due to inventory kept for indigenous & imported materials. New Delhi, March 11 Despite raw material costs coming down, Bharat Heavy Electricals Ltd (BHEL) expects the impact of lower input prices to kick in firmly only by next ...
CORPORATE GOVERNANCE:
‘IT security, an integral part of corporate governance’
Coimbatore, March 11 “Information security governance is on top-of-mind for organisations around the globe today. And it is not just another technology problem, but a business issue, a subset of IT governance,” said Mr Keshav ...
OUTLOOK:
ACE Automation to source components from India
Chennai, March 11 ACE Automation Control Equipment Pvt Ltd, the wholly owned subsidiary of ACE Stossdaempfer GmbH, plans to source components for motion control products from ...
ANNOUNCEMENTS:
Samudra builds sport fishing boats for Swedish shipyard
Kochi, March 11 At a time when the European market is reeling under recessionary pressure, a Kerala-based boat manufacturing company has just executed the third despatch of sport fishing boats to a shipyard in ...
ALLIANCES & JOINT VENTURES:
MRP Autorub, Molded of US sign deal for rubber products
Chennai, March 11 Chennai-based Rs 25-crore MRP Autorub Pvt Ltd on Wednesday signed a joint venture agreement with US-based Molded Dimensions Inc, diluting 26 per cent of its ...
ALLIANCES & JOINT VENTURES:
Forbes Marshall in pact with Belgium co
Forbes Marshall and the Belgium-headquartered Vyncke Energietechniek have signed a 50:50 joint venture agreement for the manufacture of boilers for different industry segments. Vyncke delivers tailor-made energy plants that convert biomass ...
NEW PROJECTS:
VW’s Chakan plant to go on stream on March 31
Pune, March 11 German auto maker Volkswagen AG is set to launch its India operations and will commission its greenfield facility at Chakan on March ...
ANNOUNCEMENTS:
French co to distribute Jubilant arm’s drug in Europe
New Delhi, March 11 Draximage, a subsidiary of Jubilant Organosys, on Wednesday said it has entered into an agreement with France-based Guerbet for distribution of its nuclear medicine products in the European ...
ANNOUNCEMENTS:
Maersk Line raises rates for all shipments from Asia to Europe
Maersk Line, the world’s number one container operator, has announced rate increases for all shipments from Asia to Europe, according to a statement issued by the line. The increases will be implemented in ...
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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