CORPORATE
ANNOUNCEMENTS
ONGC relinquishes four blocks in NELP I/II
ONGC has relinquished a total of four blocks (two offshore and two onshore) awarded in NELP-I and NELP II for various reasons. Both offshore blocks in the Kerala-Konkan basin (KK-OSN-2000/1 and KK-OSN-97/3) were fully held by the exploration ...
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COURTS/LEGAL ISSUES
7-day week for Bata: HC asks Commissioner to consult union
Grant of exemption to employers by competent authority under the TN Shops & Establishment Act, 1947 from declaring weekly holiday as working day could not be done mechanically; authority was to be satisfied that employer was entitled to ...
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ACCOUNTANCY
International federation sees larger role for accountants
Pvt sector, Govts told to be accountable and transparent
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RESTRUCTURING
Contrasting fortunes for Zee outfits on Day 1 trading
Wire and Wireless Ltd (WWIL) and Zee News Ltd faced contrasting fortunes on their stock market debuts. On the National Stock Exchange, WWIL opened at Rs 100.20 a share, rose to a high of Rs 139.40, before closing at Rs 120.45, an increase of ...
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MERGERS & ACQUISITIONS
`Ranbaxy will bid for Merck only at fair value'
Ranbaxy Laboratories Ltd, which recently said it would be interested in acquiring Merck KGaA's generic business when it comes up for bidding, has said it would offer a competitive bid but does not want to acquire it at any overvalued costs. ...
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NEW PROJECTS
Bharat Fritz opens first tech centre in Pune
Scouting for land in New Delhi for another centre
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ALLIANCES & JOINT VENTURES
Tatra in tech tie-up with Russian co for new CV range
It is only a technology outsourcing agreement with Kamaz and the marketing will be done by Tatra Vectra.
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Indiabulls teams up with Dev Property
Indiabulls Financial Services Ltd has informed the BSE that Indiabulls Real Estate Ltd is proposing to enter into an equity tie-up with Dev Property Development Plc, incorporated in the Isle of Man. Dev shall subscribe to new shares and ...
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SICK UNITS
Alind revival gets stuck in litigations
The process for rehabilitating Aluminium Industries Ltd (Alind), initiated way back in 2003, has remained stuck in litigations against the proposals approved by the Board for Industrial and Financial Reconstruction (BIFR). The matter is now ...
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OUTLOOK
Audi plans to add four new variants this year
Audi, the German luxury car manufacturer, is set to expand its product portfolio in 2007 by introducing four new variants alongside the existing eleven in the country. These models will be introduced in a phased manner during the year; Mr Rahil ...
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VIP Ind to re-launch `Skybag'
To re-launch Skybag, to price Alfa, Aristocrat in sub-Rs 1,500 range
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