Business Daily from THE HINDU group of publications
Thursday, April 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, April 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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OVERSEAS BORROWINGS: ZTE to offer over $1 billion credit to Indian telcos Partners China Development Bank for promoting Chinese equipment. New Delhi, April 1 ZTE Corporation has entered into a strategic partnership with China Development Bank to make available a significant portion of a $15-billion global credit line ... COURTS/LEGAL ISSUES: GTB case: Audit firm takes ICAI to court New Delhi, April 1 Audit firm Price Waterhouse has taken the audit profession regulator, the Institute of Chartered Accountants of India (ICAI), to court. A writ petition has been filed by Price Waterhouse in the Bombay High Court challenging ... NEW PROJECTS: First day of Nano display is a quiet affair Mumbai, April 1 No incessant flow of customers, no long queues for booking forms and no media hype, the first day of the public display of the Nano was much quieter than expected. A majority of the public was unaware of Nano being displayed ... NEW BUSINESS: Suzlon arm bags order from US’ Duke Suzlon Wind Energy Corporation, the North America arm of Suzlon Energy Ltd, has signed a repeat order with Duke Energy, Charlotte, North Carolina, to provide 20 units of the S88-2.1 MW wind turbine. With this order Duke Energy would be able ... CORPORATE DISPUTES: Calcutta HC dismisses Heinz plea against Glaxo A division bench of Calcutta High Court, comprising Mr S.S. Nijjar and Mr Justice B. Somaddar, dismissed the appeal of Heinz India Pvt Ltd (HIL) against Glaxo Smithkline Consumer Healthcare Ltd (Glaxo). HIL had filed the appeal challenging ... NEW BUSINESS: L&T Q4 orders worth Rs 1,100 cr Engineering and construction major Larsen and Toubro has bagged orders totalling Rs 1,100 crore in the electrical construction sector during the fourth quarter of this fiscal. The contracts from the Power Grid Corporation of India Ltd (PGCIL) ... TRADE & LABOUR UNIONS: RINL chief appeals for cooperation Mr P.K. Bishnoi, the Chairman and Managing Director of the Rashtriya Ispat Nigam Limited (RINL), has appealed to the staff, senior executives and the unions to co-operate with the management in improving productivity. He made the appeal at a ... MERGERS & ACQUISITIONS: Cummins India merges subsidiaries ... PERFORMANCE: South Eastern Coalfields output up South Eastern Coalfields Ltd (SECL), a mini ratna company, has produced 100.19 million tonnes of coal, against a targeted production of 96 million tonnes, which is a new output record within Coal India by any coal-producing company. The ... PEOPLE: India Nippon director resigns ... OUTLOOK: M&M focuses on multi-brand growth strategy Mumbai, April 1 Mahindra & Mahindra, which launched the Xylo multipurpose vehicle and a new, macho version of the Scorpio recently, is now working on an aggressive strategy to expand the market along with its trusted Bolero sport ... RESTRUCTURING: ‘Succession plan good for Wockhardt shareholders’ Will help in mentoring next generation, says Habil Khorakiwala. Mumbai, April 1 A day after it announced the recast of its top management, drug-maker Wockhardt Ltd said, the “succession plan” was to mentor and develop the next ... CORPORATE: Limited liability partnership turning reality for corporates The stage has been set for making the Limited Liability Partnership (LLP) concept a reality from ... OUTLOOK: Rajasthan clinker facility may increase Grasim cement dispatches Mumbai, April 1 Grasim Industries may add about four million tonnes to its dispatches in the financial year 2009-10 with the commissioning of the clinker facility at Kotputli in ... NEW PROJECTS: Areva’s Hosur unit goes on stream Bangalore, April 1 Areva T&D India, the transmission and distribution division of French major Areva, on Wednesday inaugurated its manufacturing unit at Hosur. The company has invested €18 million (Rs 117 crore) in the facility, ... CORPORATE GOVERNANCE: Satyam to seek tech, financial bids in April second week Hyderabad, April 1 With due dilligence by bidders on track, the next round of submission of technical and financial bids for stake buy in Satyam Computer would begin around April ... ALLIANCES & JOINT VENTURES: BGR in licensing pact with US’ Foster Wheeler New Delhi, April 1 BGR Energy Systems has entered into a licensing pact with a subsidiary of US-based equipment supplier Foster Wheeler for manufacturing and marketing of steam ... NEW BUSINESS: L&T bags Rs 1,245-cr Bhutan power project order Mumbai, April 1 Engineering and construction company Larsen & Toubro has bagged a Rs 1,245-crore contract for construction of a dam package that is part of the 1200 MW Punatsangchhu-I Hydroelectric Project ... NEW PROJECTS: Stadco Auto to set up prototype manufacturing facility in India Chennai, April 1 The UK-based Stadco Automotive will set up a prototype manufacturing facility in India ... RESEARCH & DEVELOPMENT: Monsanto to invest Rs 50 cr in research Ahmedabad, April 1 Monsanto Company will invest Rs 50 crore to establish its Beachell-Borlaug International Scholars Program, to fund research and production of rice and wheat, through plant breeding techniques, according to a ... OUTLOOK: SpiceJet mulls launching international services SpiceJet Ltd, a low-cost airline company, has denied talks with GoAir for either a merger or to acquire a controlling stake, terming the reports as speculation. It, however, said that it would look at acquisition when the environment turns ripe ... PEOPLE: BMR inducts 4 more partners BMR Advisors, a professional services firm, today anounced an expansion of its partnership. The firm has admitted four new partners effective April 1, 2009. With these admissions, the total number of partners in the firm has gone up to ... 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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