Business Daily from THE HINDU group of publications
Tuesday, November 10, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, November 10, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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ALLIANCES & JOINT VENTURES: Tata Steel forms joint venture with 2 Canadian firms for ore project Plans to invest $279 m; venture will secure raw material for UK, Europe operations. Mumbai, Nov. 9 Tata Steel has proposed to invest $279 million (about Rs 1,300 crore) in a joint venture for an iron ore project in Canada. The Tatas will own 80 ... OUTLOOK: Niche bike makers Harley-Davidson, Ducati to ride into Indian market REVVING UP. New Delhi/Mumbai, Nov.9 The Indian bike lover’s dream seems to be coming true. Speed enthusiasts ogling superbikes in glossy magazines could now call these mean machines their own, as niche players such as Harley-Davidson and ... NEW BUSINESS: L&T bags Rs 1,635-cr order from M.P. power co Mumbai, Nov. 9 Engineering and construction major Larsen and Toubro has secured a balance of plant (BoP) contract valued at Rs 1,635.30 crore from the Madhya Pradesh Power Generation Co for a 1,200-MW coal fired ... VENTURE CAPITAL: Blackstone takes 37.5% stake in Gateway Rail New Delhi, Nov.9 Blackstone Group announced on Monday the acquisition of a 37.5 per cent stake for Rs 300 crore in Gateway Rail Freight Ltd, a subsidiary of Gateway Distriparks ... ALLIANCES & JOINT VENTURES: Bambino, Domino’s in pasta deal Bambino, one of the largest producer of vermicelli, has announced it has tied up with Domino’s Pizza for pasta distribution through the latter’s international chain of restaurants. The Executive Director of Bambino Agro Industries ... SOCIETY & DEVELOPMENT: Arihant Education’s biz school Arihant Education & Charitable Trust has established ISMT Business School in Mumbai for working professionals. It proposes to offer an MBA degree for which it would conduct lectures across three campuses in Mumbai, according to a press ... ANNOUNCEMENTS: McNally Bharat Engg gets new logo McNally Bharat Engineering Company Ltd, belonging to the B M Khaitan Group, has launched a new corporate identity as a “first step towards building the new image of the company among its employees, customers, associates ... NEW PROJECTS: NLC to set up wind power project Neyveli Lignite Corporation plans to set up a 50-MW wind power project in Tamil Nadu. NLC has informed the stock exchange that its board has approved the proposal. It would soon issue tenders for the project to be set up on a turnkey ... ANNOUNCEMENTS: Dunlop Bengal unit may resume production soon Kolkata. Nov. 9 Dunlop India Ltd on Monday reported resumption of power supply to its Sahagunj factory in West ... OUTLOOK: Fiat to hike price of Grande Punto Mumbai, Nov. 9 In what could be a prelude to a spate of price revision by the car makers, Fiat India will soon increase the price of its high-end compact car Grande ... RESTRUCTURING: IL&FS renegotiates Maytas Infra debt package with lenders Hyderabad, Nov. 9 Maytas Infra Ltd, under the new management of IL&FS, is in the process of renegotiating the corporate debt restructure package with a clutch of banks including SBI, ICICI Bank and ... NEW PROJECTS: My Home Industries cement unit goes on stream Visakhapatnam, Nov. 9 My Home Industries Ltd has started commercial production at its fourth cement plant in Visakhapatnam district, with an annual capacity of 1.3 million ... PRIVATE PLACEMENT: Kingfisher Airlines set to raise $600 m New Delhi, Nov. 9 Kingfisher Airlines is set to raise up to $600 million in the current fiscal to pay-off part of its ... OUTLOOK: Sundaram Brake Linings to expand SEZ unit Sundaram Brake Linings Ltd, a TVS Group company, has announced plans to increase its production capacity of friction materials with an investment of Rs ... MERGERS & ACQUISITIONS: IVR Prime board approves merger with group firms Hyderabad, Nov. 9 The board of IVR Prime approved the amalgamation of IVR Strategic Resources & Services Ltd (SRSL) and IVRCL Water Infrastructures Ltd (WIL) with IVR Prime Urban Developers ... OUTLOOK: Renault plans more products for Indian market New Delhi, Nov. 9 Renault announced plans to expand its product portfolio in ... PEOPLE: Additional role for Pawan Goenka Dr Pawan Goenka, President, Automotive Sector, Mahindra & Mahindra, will hold the additional responsibility of the company’s Farm Equipment Sector, as Mr Anjanikumar Choudhari President, Farm Equipment Sector, will retire on March ... REGULATORY BODIES & RULINGS: US nod for Aurobindo drugs Aurobindo Pharma Ltd has received final approval from the US Food and Drug Administration for two abbreviated new drug applications (ANDAs) – Cefotaxime for injection (in 500 mg, 1g and 2g) and cefotaxime injection in 10g pharmacy bulk ... ALLIANCES & JOINT VENTURES: Punj Lloyd, Delta Solar venture Punj Lloyd Ltd said on Monday it has signed an agreement with Singapore’s Delta Solar to form a joint venture to develop and execute renewable energy projects. The joint venture — Punj Lloyd Delta Renewables — will initially ... 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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