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CORPORATE
NEW PROJECTS:
Madras Cements to go for captive thermal plants
65 MW coal-based units to entail Rs 280-cr investments. Chennai, July 9 Madras Cements Ltd will invest Rs 280 crore to set up 65 MW of coal-based captive power plants at two of its cement ...
OUTLOOK:
Bajaj mounts new Discover for growth ride
Aim is to create a long-distance bike, says company. Mumbai, July 9 Bajaj Auto is betting big on its new 100cc Discover that will roll out of its Chakan plant near Pune on July 17. It will subsequently move to the Pantnagar facility which will ...
OUTLOOK:
BMW to review ‘Mini’ launch in India
Kolkata, July 9 BMW is not convinced about the economic viability of launching the Mini in India with the present market ...
OUTLOOK:
BEML eyeing Rs 25,000-cr biz from metro rail projects
Plans to invest Rs 410 cr in existing facilities. Bangalore, July 9 BEML Ltd, maker of metro rail coaches and mining equipment, smells a huge business opportunity of Rs 25,000 crore in the metro rail projects that are coming up across the ...
DIVERSIFICATION:
Vibgyor Group to invest Rs 800 cr in new ventures
Ahmedabad, July 9 The Kolkata-based Vibgyor Group, which recently launched the 100-cc indigenously-made motorcycles with plans to invest Rs 660 crore in automobile business, is now diversifying with investments of Rs 800 crore more in the ...
STANDARDS & BENCHMARKS:
Ranbaxy recalls acne drug from US market
New Delhi, July 9 Ranbaxy Laboratories’ US subsidiary on Thursday said that it was recalling a single lot of a capsule used in the treatment of acne from the US market. Though the recall is voluntary, it has been done at the ...
REGULATORY BODIES & RULINGS:
Lupin, 2 others face Europe anti-trust probe
Mumbai, July 9 Faced with an anti-trust probe by the European Commission, drug-makers Lupin and Unichem have said they are working with the EC to sort out issues relating to investigations started against them in connection with ...
RESTRUCTURING:
Wockhardt debt recast approved
Mumbai, July 9 Wockhardt Ltd has said that its Corporate Debt Restructuring (CDR) package had been approved by the CDR Empowered Group on June ...
OUTLOOK:
Pricol units’ relocation will hit vendors in Coimbatore region
Coimbatore, July 9 Relocating the manufacturing facilities of auto component maker Pricol Ltd from Coimbatore district will not only have a serious impact on the future of 130 SSI units (supplying components) in and around Coimbatore, ...
BUDGET:
SEBI to meet Pranab on shareholding clause
Mumbai, July 9 The issue of increasing the minimum non-promoter shareholding for listed companies, a Budget proposal, is likely to be discussed at Friday’s meeting of SEBI board officials with the ...
OUTLOOK:
NHPC initial public offer in Aug
New Delhi, July 9 State-owned hydropower major NHPC Ltd is set to hit the market with its initial public offering next month. “NHPC’s IPO should come in August… The public offers of other power companies will depend on ...
HUMAN RESOURCES:
Corus eyes over 300 job cuts in UK
Mumbai, July 9 Tata Steel UK’s subsidiary, Corus, has identified 336 jobs at its Scunthorpe site in north-east England as being at risk. This follows its proposals to improve competitiveness here by aligning employment cost with ...
REGULATORY BODIES & RULINGS:
Cipla gets notices for alleged overcharging
Mumbai, July 9 Drugmaker Cipla has received fresh notices from the National Pharmaceutical Pricing Authority (NPPA) demanding what the NPPA says is the over-charged amount on respiratory drug Salbutamol and ...
NEW PROJECTS:
PerkinElmer bio-pharma centre
...
NEW BUSINESS:
Suzlon unit bags orders for wind turbines
Mumbai, July 9 Suzlon Energy (Tianjin) Ltd, a China subsidiary of Suzlon Energy Ltd, has got two orders for supplying a total of 99 MW of wind turbines. The company has not disclosed the deal ...
PRIVATE PLACEMENT:
Educomp raises Rs 607 crore through QIP
New Delhi, July 9 IT education services provider Educomp Solutions has raised Rs 606.69 crore by private placement of shares with qualified ...
NEW BUSINESS:
Punj Lloyd venture bags Rs 1,210-cr order
Mumbai, July 9 Dayim Punj Lloyd, a joint venture between the Punj Lloyd and Prince Khalid Bin Bandar Bin Sultan, Kingdom of Saudi Arabia, has bagged a Rs 1,210-crore contract from Saudi Aramco Total Refinery and Petrochemical Company, a ...
ANNOUNCEMENTS:
Nissan Motor slashes price
Nissan has reduced the prices of its models based on the duty reductions announced in the Budget. The prices of X-Trail and Teana have been reduced by Rs 5,000 and the new price would be Rs 20.35 lakh and Rs 21.42 lakh, respectively. The ...
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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