WEB EXTRAS
DIVERSIFIED
L&T bets big on China
The company's `China strategy' encompasses sourcing of raw materials and setting up of a wholly owned subsidiary to manufacture high-end Air Circuit Breakers, apart from other manufacturing facilities.
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AIRLINES
Lockheed Martin to enter into tie-ups with Indian cos
The US-based defence aircraft manufacturing company Lockheed Martin said it plans to enter into a few initial agreements with Indian companies this year. The move would be independent of any aircraft purchase by the Ministry of Defence. It ...
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AUTOMOBILES
`Automobile sales to treble by 2015'
Automobile sales would treble by 2015, according to Mr Binod Agarwal, President, Federation of Automobile Dealers Association. Speaking at an open house session organised by the federation here today, he said that the vehicle sales in the ...
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CEMENT
SEBI slaps Rs 25 cr penalty on Holcim
SEBI has imposed a penalty of Rs 25 crore on Holcim (India) Pvt Ltd for not making an open offer to shareholders of Everest Industries Ltd (EIL), a subsidiary of Associated Cement Company (ACC). In 2005, when the Swiss cement major Holcim ...
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ECONOMY
`Growth, reforms set to boost M&A activity'
Outbound deals likely to outstrip inbound investments in second half of 2006
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Rain deficit shrinks to 1 per cent
Monsoon peaks in north-west
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PSU
CAG raps NDA Govt on disinvestment deals
`PSUs such as Balco, VSNL were undervalued'
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CARS
GMI launches Chevrolet Optra CNG
Eco-friendly, economic bi-fuel car priced at Rs 7.61 lakh
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AUTOMOBILE COMPONENTS
Toyota opens service parts centre
It was set up at a cost of Rs 24 crore and has 102 employees
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PUBLIC SECTOR BANKS
Corpn Bank eyes Rs 1-lakh-cr turnover
Corporation Bank is targeting business volume of Rs 1 lakh crore within 2-3 years, according to Mr B. Sambamurthy, Chairman and Managing Director. Stating that he had not set a specific timeframe for achieving this goal, but would nevertheless ...
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ARTS & CRAFTS
Exim Bank, SEWA sign pact
To promote handcrafted products
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EXPORTS & IMPORTS
Apeda submits proposals to boost floriculture exports
Based on inputs from A.F. Ferguson & Co
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