CORPORATE
MODERNISATION
SAIL to invest Rs 10,000 cr in IISCO upgrade
`Auto, infrastructure, construction sectors to drive steel demand'
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ACCIDENTS
`Strict compliance of Factories Act norms can prevent mishaps'
Prosecution only way to stop proliferation of unregistered factories
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NEW BUSINESS
IVRCL bags Rs 388-cr orders
IVRCL Infrastructure & Projects Ltd (IVRCL) has bagged irrigation related works of the Telugu Ganga Project from the Government of Andhra Pradesh valued at Rs 388.16 crore. The contracts to be executed along with its joint ...
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AWARDS & HONOURS
Tata Steel wins safety award
Tata Steel's Noamundi Iron Ore mine won the first prize for overall performance in the Highly Mechanised Iron Ore Mines category, in the 44th Annual Mines Safety Week Celebrations 2006 for the Chaibasa region, according to a ...
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MERGERS & ACQUISITIONS
`M&As will fuel faster growth of Indian steel industry'
Mergers and acquisitions will fuel faster growth of the Indian steel industry, bringing a lot of prestige and wealth to the nation, according to captains of the industry. Speaking at the `CEO's Conclave' that was held here on Tuesday, under ...
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NEW PROJECTS
Stormy public hearing over Jindal project
No groundwater resources will be tapped for the plant: Vimta Labs
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Due diligence on for JSW Steel's Bengal plant
Work on due diligence with regard to Sajjan Jindal Group company JSW Steel Ltd's proposed 10 million tonnes per annum capacity steel project in West Bengal has begun. The company is working on the finer points of the proposed memorandum of ...
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MSD Pharma to set up base in Kolkata
MSD Pvt Ltd, a 100 per cent Indian subsidiary of the US-based $24 billion Merck Sharp & Dohme, arguably the single largest pharma company in the world, is now setting up shop in the eastern region, with Kolkata as the base, after establishments .
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Ess Dee Aluminium to enter capital market
Ess Dee Aluminium Ltd (EDAL), an end-to-end pharmaceutical packaging solutions provider, will enter the capital market with an initial public issue of 69.60 lakh equity shares of Rs 10 each at a premium to be decided by the book building process. ...
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ALLIANCES & JOINT VENTURES
DLF, UK co joint venture pact
DLF Ltd and the UK-based design and engineering consultancy firm WSP Group Plc have entered into a joint venture for the execution of DLF's own projects across the country as well as providing services to other companies. ...
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Suryajyothi Spinning joins hands with Italian company
Eyes leading European fashion houses market
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SOCIETY & DEVELOPMENT
Elementary education: Far from standard
While there has been a considerable improvement in enrolment, more than half the children who join Std I do not complete eight years of school education. India Inc and the IT sector can lend a helping hand in improving the quality of elementary educa tion, and the government must involve the corporate sector more closely, says S. D. NAIK.
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IPOS
Intl Tractors to come out with IPO
International Tractors Ltd (ITL), manufacturer of the Sonalika brand of tractors, is planning to come out with an initial public offering in March 2007. According to Mr L.D. Mittal, Chairman, Sonalika Group, ITL is currently in talks to ...
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DIVERSIFICATION
Exide Ind gains on insurance foray
The Exide Industries counter, which on Tuesday hit a low of Rs 38.25 to close at Rs 40.10 on the NSE, is seen to derive value from the battery maker's decision to invest in ING Vysya Life Insurance Co. The company had a few months ago proposed to ...
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OUTLOOK
Choice Hotels India set to add more properties
Choice Hotels India, the company which manages and franchises hotel brands such as Quality Inn and Comfort, is set to add more hotel properties to its network. Mr Vilas Pawar, CEO, Choice Hotels India said that the company plans to sign up a ...
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Deutsche Messe may set up subsidiary in India
May take stake in Indian machine tools body
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Aker Kvaerner Powergas sees 30 pc growth
Main thrust would be oil and gas business
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Alcan may soon enter pharma packaging industry
Canadian company Alcan is considering entering the pharmaceutical packaging industry in the country. Mr Michael Rubenstein, President of Alcan Packaging-Pharmaceutical and Personal Care, will be visiting the country soon to roll out its plans, ...
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Honda launches new CR-V; small car to take time
Honda Siel Cars India today launched the new version of its premium sports utility vehicle CR-V. The new CR-V is costlier by at least Rs 2.5 lakh as compared to the existing model. ``The third generation CR-V, which is being introduced in ...
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Autokast likely to make light-weight rly wagons
State Govt in talks with Rlys for joint venture
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Cairn yet to find solution for evacuation of Rajasthan crude
It has estimated plateau production capacity of 1,50,000 bpd
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Crossword eyes 15-pc share of organised book market
Crossword Bookstores Ltd, a wholly owned subsidiary of retail giant Shopper's Stop, is eyeing a 15 per cent share of the organised music/book market in the country by 2009. The book and music market, currently valued at Rs 1,500 crore, is ...
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Bal Pharma enters Japanese market
Bangalore-based Bal Pharma Ltd has entered the $60-billion Japanese pharma market with its bulk drug products Ebastine (used in antihistamines) and Gliclazide (an antidiabetic bulk active). The company has obtained the Foreign Manufacturers' ...
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PERFORMANCE
Coal India chief praises SECL performance
After assuming the charge of Chairman of Coal India Ltd (CIL) in October 2006, Mr Partha S. Bhattacharyya, on his first visit to any subsidiary of CIL, recently visited South Eastern Coalfields Ltd (SECL). He praised the overall performance of ...
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PEOPLE
Homage to Nagarjuna founder
The seventy-eighth birthday of the founder of the Nagarjuna group, the late K.V.K Raju, was celebrated here on Tuesday in the NFCL urea plant. Mr R.D. Mall, Vice-President (Works), said on the occasion that Mr Raju was a great ...
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All smiles
HONCHOS MEET: Mr Vijay Mallya, Chairman, UB Group, and Mr Rahul Bajaj, Chairman, Bajaj Auto, at the India Economic Summit in the Capital on Tuesday.
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