CORPORATE
RESTRUCTURING
Philips hives off Indian semiconductor biz to new entity
NXP Semiconductors India will be operational from Oct 1
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MERGERS & ACQUISITIONS
Hindustan Lever to consider merger of Modern Foods
Demerging plantation assets in TN also on agenda
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India ranks third in global M&A growth
With 175% volume change, it is next to France and Hong Kong
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NEW PROJECTS
New paper mill in West Godavari
A 600-tonne-per-day paper mill, to be accorded the status of a special economic zone, is being set up at Bayyaram village near Kovvuru in West Godavari district at a cost of Rs 1,200 crore, according to Mr T. Srinivisa Rao, the ...
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REL plans 1,000-MW project in Jharkhand
Reliance Energy Ltd plans to develop a 1,000 MW coal-based power project in Jharkhand at an investment of Rs 5,000 crore. The company has identified around 1,300 acres of land in the State for the proposed Rajbar power project, which would be ...
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OVERSEAS INVESTMENTS
Zydus enters Japanese generics market
Zydus group, a global healthcare provider, announced the establishment of Zydus Pharma Inc that will market formulation generics and API in Japan. The company will explore collaborations and alliances with Japanese pharmaceutical companies in ...
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Aditya Birla group enters into jt venture in China
The Aditya Birla Group on Monday announced a joint venture with Hubei Jing Wei Chemical Fibre Co of China for the manufacture of viscose staple fibre. The Aditya Birla Group will invest through Grasim Industries Ltd, Thai Rayon Public ...
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Vietnam woos Indian paper mills for plantations
Vietnam, which offers good opportunities to foreign investors to invest in paper manufacturing and plantation, has initiated moves through the State-owned Vietnam Paper Corporation (VPC) to attract private investment via joint ventures with local ...
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ALLIANCES & JOINT VENTURES
Indo Tech ties up with Dupont
To manufacture ReliatraN dry type transformers
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Biocon arm Syngene, Swedish co to develop new diarrhoea drug
Indian co gets marketing rights globally except Europe
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Sathavahana Ispat pact with PTC
Sathavahana Ispat Ltd has announced that it has entered into a power purchase agreement (PPA) with PTC India Ltd for sale of 18-24 MW of power from the company's greenfield project at Bellary district in Karnataka. The PPA is ...
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RIGHTS ISSUE
Aditya Birla Nuvo mulls rights issue
Aditya Birla Nuvo Ltd is mulling capital raising plans, including a rights issue. The company's board of directors will meet on September 11 to consider the proposal, it said in a statement to the stock exchanges. Aditya ...
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OUTLOOK
ONGC, Shell yet to agree on bid strategy for NELP-VI
Indian arm of ENI Italy has agreed to bid jointly with ONGC
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Ramsarup Ind charts Rs 775-cr capex plan
To set up special economic zone in West Bengal
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Amtek Auto readies acquisition strategy
In talks with domestic, foreign companies
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KS Oils aims at Rs 1,000-cr turnover
Looking at M.P., Rajasthan, UP for more acquisitions
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PERFORMANCE
Visakhapatnam Steel Plant sales up in Aug
Visaskhapatnam Steel Plant achieved sales of Rs 679.5 crore during August and the plant produced 3.33 lakh tonnes of hot metal, 2.78 lakh tonnes of liquid steel and 2.37 lakh tonnes of saleable steel during the month, according to a press release ...
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