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CORPORATE
ALLIANCES & JOINT VENTURES:
Kochi port signs pact with Petronet for LNG terminal
Puthuvypeen project likely to be commissioned by 2012. Kochi, March 12 The Cochin Port Trust on Thursday signed the concession agreement with Petronet LNG Ltd (PLL) for the construction of LNG terminal and re-gasification plant within the ...
NEW BUSINESS:
EMCO bags 5 orders from PGCIL
Gujarat-based EMCO Ltd has bagged five orders worth Rs 550 crore from Power Grid Corporation of India Ltd (PGCIL) for 765-kV transmission lines, the company said here. This is one of the largest overhead transmission line orders placed by ...
NEW BUSINESS:
NCC bags contract worth Rs 263 cr
The Nagarjuna Construction Company Ltd has secured three new orders aggregating Rs 263 crore. The first order valued at Rs 119 crore is for a turnkey infrastructure project in Mumbai to be completed over a period of 24 months, said Mr A. Ranga ...
REGULATORY BODIES & RULINGS:
Aurobindo gets nod for HIV drug
...
OUTLOOK:
‘Strides Arcolab to launch over 25 products this year’
To seek regulatory nod in US for 40 drugs. Bangalore, Mumbai 12 Pharmaceutical company Strides Arcolab Ltd expects new product launches – mainly in the US and Europe – to drive its revenue growth this year, its Vice-Chairman and ...
MANAGEMENT:
Bharti Airtel makes top level changes
Sanjay Kapoor is new Deputy CEO. New Delhi, March 12 Bharti Airtel Ltd on Thursday announced key apex level organisational changes aimed at laying the foundation for the company’s next phase of ...
RIGHTS ISSUE:
Tata Comm to invest $500 m next fiscal
New Delhi, March 12 Tata Communications (formerly VSNL) on Thursday said that it had enough resources to fund ongoing capital expenditure and plans to invest $400-500 million during the fiscal year that begins April ...
OUTLOOK:
Infiniti Retail to open 20 more Croma stores
Hyderabad, March 12 Infiniti Retail Ltd today announced the launch of two of their consumer electronics stores Croma here, and hinted at setting up 20 more by next year with an investment of about Rs 80 ...
COURTS/LEGAL ISSUES:
Chennai co drags DG Shipping to court on foreign vessel charter licence issue
The Director General of Shipping has been dragged to the court by a little known Chennai-based logistics firm, Caravel Logistics, for denying permission to in-charter a foreign flag vessel for coastal operations. In a petition filed in the ...
MERGERS & ACQUISITIONS:
Sodexo poised to become India’s largest food services player
Acquires Radhakrishna Hospitality for $100 m. French food giant Sodexo is poised to become the largest player in the food services industry in the country, after its acquisition of Radhakrishna Hospitality Services Group (RKHS), a pioneer in the ...
ANNOUNCEMENTS:
The Accord variant
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OUTLOOK:
Aircel to invest $1 b in expansion this year
Telecom services provider Aircel Ltd plans to invest $1 billion to expand its network in the country ...
CORPORATE GOVERNANCE:
Delhi HC rejects petition on Satyam
New Delhi, March 12 The Division Bench of the Delhi High Court on Thursday rejected a Public Interest Litigation (PIL) filed by Mr Manohar Lal Sharma, who claims to be a shareholder of Satyam Computer ...
NEW PROJECTS:
RIL may start gas production from KG field next week
Kolkata, March 12 Reliance Industries has intimated to gas transmission agencies GAIL ((India) Ltd and Gujarat State Petronet Ltd (GSPL) that production from KG D6 field would begin next week. Gas was expected to start flowing to western ...
ANNOUNCEMENTS:
TVS Motor converts loan to subsidiary to equity
Chennai, March 12 TVS Motor Company has converted a loan of Rs 18.50 crore that it gave to its wholly-owned subsidiary, Sundaram Auto Components Ltd, last year, ...
OUTLOOK:
Piramal keen on expanding pharma portfolio
Chennai, March 12 Contrary to the widespread rumours that Piramal Healthcare Ltd is planning to sell its pharma solutions division, it is on the look out to acquire brands in the female healthcare and osteoporosis ...
OUTLOOK:
No benefits to Tata Motors from UK Govt aid to JLR
Grant will contribute only a part toward green vehicle model. Mumbai, March 12 The Tata Motors stock gained 6.8 per cent on Wednesday, after a UK government grant to Jaguar Land Rover- a subsidiary of the auto major; however, the stock’s ...
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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