CORPORATE
CORPORATE DISPUTES
Calcutta HC allows M.P. Birla's sisters' plea on probate
MR Justice K.J. Sengupta of the Calcutta High Court on Thursday allowed the petition of two sisters of the late M.P. Birla, namely Ms Laxmibai Newar and Ms Radha Mohta, seeking court order to treat the probate petition of Mr R.S. Lodha as ...
More
AWARDS & HONOURS
Tata Indicom best ISP, says IDC survey
TATA Indicom has been ranked the best Internet connectivity provider in a survey conducted in top Indian cities by IDC, according to a news release from Videsh Sanchar Nigam Ltd. VSNL's Tata Indicom service has got the PC Quest Users Choice ...
More
COURTS/LEGAL ISSUES
SC recalls order granting Rs 803-cr excise relief to ITC
IN an unprecedented action, the Supreme Court recalled its own judgment within minutes after it was pronounced this morning giving relief in excise duty of Rs 803 crore to ITC Ltd. A Bench of Ms Justice Ruma Pal and Mr Justice P. Venkatarama ...
More
HUMAN RESOURCES
HR management should respond to changes: Experts
A string of issues related to human resource management (HRM), such as leadership and succession, training and development, compensation and e-learning, were discussed on the first day of the two-day annual business seminar organised by the ...
More
CORPORATE BONDS
SEBI to finalise listing agreement norms for debt securities
THE Securities and Exchange Board of India (SEBI) Board may take a final call on a model listing agreement on debt securities at its forthcoming meeting on Saturday. The capital market regulator had in December last year announced that a ...
More
MERGERS & ACQUISITIONS
Jhunjhunwala picks 13 pc stake in Geojit Securities at Rs 70 a share
THE Mumbai-based proprietary trader Mr Rakesh Jhunjhunwala on Thursday acquired a 13-per cent stake in the Kochi-based Geojit Financial Services company. Mr C.J. George, Managing Director, Geojit Financial Services, confirmed that Mr ...
More
NEW PROJECTS
Cosmetics major Modi Revlon mulls Rs 30-cr market development plan
MODI Revlon is upbeat about the Indian cosmetics market. After achieving breakeven last fiscal after an eight-year stint in the country, the joint venture between Modi Mundipharma and Revlon has laid out expansion plans. As part of the ...
More
Adani to set up castor oil refinery in Mundra
AHMEDABAD-based Adani Exports Ltd (AEL) is setting up a 350-tonnes-a-day castor oil processing refinery at the Mundra Special Economic Zone (SEZ) in Gujarat. The Rs 10,000-crore Adani group, whose flagship AEL is a golden super star trading ...
More
Cipla plant in Bangalore
BANGALORE: Pharmaceuticals major Cipla is setting up a Rs 85.5-crore bulk drugs plant here. The Karnataka Government on Thursday formally cleared the proposal for the plant which is to come up on 30 acres of land at Bommasandra ...
More
ALLIANCES & JOINT VENTURES
Anchor launches home automation system — Ties up with British General
HOW many times have you reminded your kids to switch off lights and fans? At the work place, how often you see the plea, switch off lights and fans when not in use? No more such worry. "Home automation makes life simple," says Mr Sashi Nair, ...
More
GAIL strikes oil in Cambay — Inks pact with Enpro, GSPC
GAIL (India) Ltd, in association with Gujarat State Petroleum Corporation (GSPC), has struck oil in the Cambay basin (block CB-ONN-2000/1) in Gujarat. The recoverable reserves, based on initial test results, are estimated to be roughly 10 million ...
More
HPCL scouting for jt venture partners in gas business
HINDUSTAN Petroleum Corporation Ltd (HPCL) is looking for Indian and foreign partners for joint ventures in the natural gas business. The company is looking for opportunities for new tie-ups for a share in the LNG business including import ...
More
SICK UNITS
GSAL works out debt revamp package with banks, FIs
The company has already received sanction letters from the Industrial Development Bank of India (IDBI) and ICICI Bank and expects one from IFCI soon.
More
OUTLOOK
`Competition will spur Maruti to perform better'
MARUTI Udyog Ltd welcomes competition and is quite capable of holding its own in the Indian market in spite of the entry of several new players, Mr Kinji Saito, Director (Marketing & Sales), has said. Mr Saito, who was here to open a new ...
More
Delay over finalising strategic partner for Haldia Petro — GAIL awaiting CDR cell, Ministry nod
THE decision relating to the `strategic partner' of Haldia Petrochemicals Ltd is hanging in the air. GAIL (India) Ltd is still awaiting the approval of the corporate debt restructuring (CDR) cell on Haldia Petrochemicals - spearheaded by ...
More
Skoda to launch diesel version of Elegance soon
CAR manufacturer Skoda Auto India is gearing up to launch a diesel automatic version of the Skoda Elegance in the next few weeks and will follow this up with a spate of launches till 2009. The company is also in the initial phase of setting up ...
More
RINL sales may touch Rs 7,000-cr mark
THE sales turnover of Visakhapatnam steel plant (Rashtriya Ispat Nigam Ltd) is likely to touch the Rs 7,000-crore mark during the current financial year, with the plant having sold products worth Rs 2,800 crore during the first five months, said ...
More
Anil Products bullish on southern textile sector — Launches new range of starch
The company expects to market 700 to 1,000 tonnes per month of the new generation modified starch.
More
Bajaj to launch `Discover'
VISAKHAPATNAM: Bajaj Auto Ltd is planning to launch a new bike called Discover - a 125 cc vehicle in the executive segment - by Deepavali in the northern markets and by Sankranti in the southern markets, according to Mr K.S. ...
More
TRENDS
Mahindra's corporate SEZ on fast track
THE Mahindra group would develop the first corporate special economic zone (SEZ) in the country. The special purpose vehicle - Mahindra Industrial Park Ltd (MIPL) - floated by the Mahindra Gesco Developers Ltd in association with the ...
More
Scoreboard
SE Diary
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds