Business Daily from THE HINDU group of publications
Wednesday, April 01, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, April 01, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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CORPORATE GOVERNANCE: Bidders given full access to liabilities, litigations of Satyam Hyderabad, March 31 The 4-5 shortlisted, serious bidders out to acquire Satyam Computer Services have been given full access to the liabilities and legal issues through a ‘virtual ... RESTRUCTURING: Wockhardt may go in for restructure of biz, subsidiaries Company to approach CDR Cell to revamp debts. Mumbai, March 31 The pressure is beginning to show on drug-maker Wockhardt Ltd, burdened as it is by adverse market conditions, liquidity constraints and a huge debt ... NEW PROJECTS: NTPC, IL&FS to put up 4,000-MW project each in TN State to be power surplus in 2 years, says Minister. Chennai, March 31 Public sector power generation major, NTPC, and a subsidiary of IL&FS, will each put up a 4,000 MW power project in Tamil Nadu, the State’s Electricity Minister, Mr ... ANNOUNCEMENTS: Cairn to start pumping Rajasthan crude soon to test logistics Final production set to begin in July-Sept quarter. Cairn India Ltd will soon start pumping out crude oil in small quantities from its fields in Barmer, Rajasthan. This is to test the logistics before final productions ... ALLIANCES & JOINT VENTURES: Phoenix not to renew contract with Carlson Group 3 properties to come under ‘Zuri Resorts and Hotels’ banner. Bangalore, March 31 Phoenix Group Global, which opened its first luxury hotel in Bangalore recently under the ‘Zuri’ brand, has decided not to renew its ... REGULATORY BODIES & RULINGS: USFDA nod for Aurobindo AIDS drug Aurobindo Pharma Ltd has received tentative approval from the US Food and Drug Administration (USFDA) for anti-AIDS combination drug, Emtricitabine/Tenofovir Disproxil Fumarate tablets. The tablets are the generic equivalent of Gilead ... OUTLOOK: SAIL's FY10 target at Rs 40,000 cr The Steel Authority of India Ltd (SAIL) has set a production target of 12 million tonnes of saleable steel and a sales turnover of over Rs 40,000 crore for the financial year 2009-10. The target for saleable steel for current financial year was ... STANDARDS & BENCHMARKS: Weikfield’s tea unit gets IFS cert DNV (Det Norske Veritas) has issued the first SINCERT accredited IFS certificate in India to the tea division of Pune-based Weikfield Foods Pvt Ltd. The International Food Standard (IFS) is a common food safety standard with a uniform ... NEW PROJECTS: Areva bets big on gas insulated substations Opens manufacturing plant near Chennai. Chennai, March 31 Areva T&D India’s Managing Director, Mr Rathin Bose, replied in the negative when asked if gas insulated substation (GIS) business was the biggest contributor to the ... COURTS/LEGAL ISSUES: HC dismisses India Pistons’ petition ‘Cannot interfere with Labour court’s award of compensation for retrenched workers’. Chennai, March 31 The Madras High Court has held that if a Labour Court concluded that a particular person was a ‘workman’ within ... OUTLOOK: Volkswagen looking to export from India Pune, March 31 In line with other international automobile manufacturers such as Fiat and General Motors, Germany-based Volkswagen is looking at serving small markets in the Indian subcontinent from its manufacturing facility in the ... RESEARCH & DEVELOPMENT: Boeing sets up research centre in Bangalore Bangalore, March 31 Boeing said on Tuesday it has set up its research and technology centre here which will work in the areas such as aero structures and aerodynamics to sustain the company’s competitive technological ... NEW PROJECTS: Chakan plant inaugurated ‘VW will fight in the Indian market’. German automaker Volkswagen will fight in the Indian car market and in the long term is looking to capture 8-10 per cent market share, Dr Jochem Heizmann, Member, Board of Management, Volkswagen ... ALLIANCES & JOINT VENTURES: Bajaj Allianz, Volkswagen Fin pact ... CORPORATE DISPUTES: Israel's Supreme Court to decide on Sun-Taro spat Mumbai, March 31 All eyes will be on the Supreme Court of Israel, with mediation efforts between Sun Pharma and Taro Pharmaceutical coming a ... OUTLOOK: Ranbaxy to market Daiichi Sankyo’s BP drug in India New Delhi, March 31 Ranbaxy Laboratories Ltd on Tuesday announced that it will launch a drug for high blood pressure discovered by Daiichi ... ANNOUNCEMENTS: ‘No stake sale in Shantha Biotech’ Hyderabad, March 31 Vaccine maker Shantha Biotechnics has no intentions of any stake sell out at present, Mr K.I. Varaprasad Reddy, Managing Director, asserted ... NEW BUSINESS: Suzlon Energy Australia deal ... DIVIDEND ANNOUNCEMENT: CIL pays Rs 1,705 cr dividend to Govt ... MERGERS & ACQUISITIONS: AB Nuvo buys Birla Sun Life Distribution Mumbai, March 31 Aditya Birla Nuvo has bought out its 50 per cent joint venture partner in its subsidiary, Birla Sun Life Distribution Co, the group said on Tuesday in a notice to the BSE. The 37.58-million share was acquired from ... NEW BUSINESS: Kalpataru bags Algerian order Kalpataru Power Transmission has bagged three projects for transmission lines worth Rs 400 crore from Sonelgaz, the State electricity company of Algeria. The orders are for turnkey projects of extra high voltage (up to 400 kV) transmission lines ... 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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