CORPORATE
CORPORATE DISPUTES
The `other' Ambani
The continuing saga of the Ambani brothers has resulted in the media getting briefings from both the camps about the activities of the other, but these reports do not pertain to their business development efforts. Rather, they are about what the ...
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NEW BUSINESS
Alstom bags Laos order
Alstom Projects India Ltd has bagged a € 8-million order to supply and erect hydro-mechanical equipment for a hydropower project in Laos. The contract was signed with CH.Karnchang (Lao) Co., a subsidiary of Thailand's ...
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AWARDS & HONOURS
Reality check on awards
A colleague has been wondering whether awards do make a difference. The question arises from the fact that the former GAIL Chairman, Proshanto Banerjee, was denied an extension on the grounds that his style of functioning alienated his officers. ...
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Tata Motors unit wins CII-Exim Bank award
`Award represents the transition of Indian industry'
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AUDITING
Ministry may improve selection criteria for transfer pricing audits
`Time not ripe for introduction of advance pricing arrangements'
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ENVIRONMENT
Shree Renuka pact for Munoli project
Shree Renuka Sugars Ltd has entered into an agreement with a large European utility company for the sale of about 11,500 CERs for its Munoli project in Karnataka. The sale of CERs was done through Agrinergy Ltd. The Munoli ...
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CORPORATE BONDS
Oil bonds not to get SLR status, says Chidambaram
Govt to go ahead with scheduled market borrowing
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RESTRUCTURING
Banks reject SPIC proposals for debt revamp
Seek `improved offer'
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Rayalaseema Hi-Strength revamps capital
The board of directors of Sree Rayalaseema Hi-Strength Hypo Ltd at its meeting allotted 1,24,88,651 equity shares of Rs 10 each in cancellation of 3,28,81,871 equity shares of Rs 10 each held by the shareholders as on record date ...
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MERGERS & ACQUISITIONS
P.K. Ruia acquires Monotona Tyres
Company will be merged with Falcon Tyres
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Sterling Infotech buys 40 pc in Finland wind turbine co
Sterling Infotech Group has picked up a 40-per-cent stake in Winwind Oy, a Finland-based wind turbine manufacturer. According to a press release from Sterling Infotech, the 20-million deal (Rs 119.50 crore) through its Mauritius ...
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Kemwell completes Pfizer's Swedish plant acquisition
Deal expected to add Rs 200 cr to Kemwell's turnover
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OVERSEAS INVESTMENTS
Praj plans to acquire US engineering co
Creates fund of Rs 20-25 crore for the acquisition
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NPIL lab chain plans Rs 150-cr expansion
The Wellspring network of pathology laboratories, promoted by drug-maker Nicholas Piramal India Ltd (NPIL), is set to embark on a Rs 150-crore expansion over the next two years. The funds would support acquisitions, with the gameplan of ...
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Gulf Gate to set up shop in NY, London
Gulf Gate, a Kerala-based hair fixing company, will shortly open centres in New York and London in three months, the company's Managing Director, Mr A.P. Sakeer Hussain, said. The company currently has 18 branches in Kerala, ...
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REGULATORY BODIES & RULINGS
Wockhardt antibiotic gets USFDA nod
Wockhardt Ltd has received approval from the United States Food and Drug Administration (USFDA) for marketing Cefotaxime sodium (1g) injection in the US market. Wockhardt's US subsidiary, Wockhardt USA Inc, will soon launch the ...
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SOCIETY & DEVELOPMENT
Winners all!
An initiative in an Andhra Pradesh town to spot and nurture young talent in badminton.
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DIVERSIFICATION
PVR Projects plans foray into hotels, realty
IPO planned during 2007-08
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Tata Coffee to focus on value-added timber products
To invest Rs 9 cr in setting up facility in Mysore for new products
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SICK UNITS
Kerala Govt to form core panel with banks to revive PSUs
Financial support for potentially viable units
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OUTLOOK
Coca-Cola plans to invest $120 m in Indian arm
Hopes to increase brand penetration
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TRENDS
Agening workforce — Healthcare, retirement costs to weigh heavily on cos: Survey
While most of the world completes the transition to an aged society, India would remain vibrant for a few decades, since the ageing process in the country started only in the late-1980s.
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