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ANNOUNCEMENTS
Finland co Vacon opens office in Chennai
The Finland-based AC drives manufacturer Vacon on Wednesday announced the opening of an office here, which, according to the company's officials, signifies a desire to seize a pie of the growing Indian market for the products. AC drives are ... More

MRPL to set up three retail outlets
Mangalore Refinery and Petrochemicals Ltd (MRPL) plans to set up three retail outlets by end 2007. Addressing newspersons here on Wednesday, Mr R. Rajamani, Managing Director of MRPL, said the company is finalising contracts for the ... More

CORPORATE DISPUTES
We believe in healthy competition: Khattar
Reacting to the Tata Group Chairman, Mr Ratan Tata's accusation that competitors were fuelling controversy over its small-car project at Singur in West Bengal, Maruti on Wednesday said the Tatas should come forward with the name of the ... More

Steers clear of legal tiff
Avesthagen Gengraine has tried to steer clear of the legal battle being fought between its investor, Groupe Danone and the Wadia Group. The Wadias have filed a case against Groupe Danone for investing in Avesthagen, which they claim breaches an ... More

NEW BUSINESS
BHEL bags contract from DVC
Bharat Heavy Electricals Ltd (BHEL) today announced that it has won a turnkey contract from Damodar Valley Corporation (DVC) to set up two 500 MW units at Mejia thermal power station in West Bengal. The project, to be ... More

INFORMATION TECHNOLOGY
Puravankara deploys Oracle tool
Puravankara Projects Ltd said on Wednesday that it has completed the deployment of Oracle E-Business Suite (Oracle applications). The deployment was carried out by Oracle certified partner KPMG, said a company press release. The ... More

MERGERS & ACQUISITIONS
Avestha Gengraine raises € 25 m from strategic partners
For expansion, R&D and acquisitions More

Tata Steel takes 100 pc in 2 NatSteel group cos
Tata Steel, which is bidding for European steel maker Corus, has fortified its presence in South-East Asia, converting two of its NatSteel group companies into wholly owned subsidiaries and acquiring majority stake in the third. The company ... More

NEW PROJECTS
Parsvnath to develop city centre in Ranchi
Real estate player Parsvnath Developers Ltd has won the bid to develop a city centre in Ranchi in Jharkhand. The project value will be around Rs 400 crore. The tentative saleable area of the project will be 10,00,000 lakh sq ... More

Marck Biosciences to expand capacity
To foray into South-East Asian market More

Nicholas Piramal sets up inhalation anaesthetics plant in Hyderabad
Nicholas Piramal India Ltd (NPIL) has set up the first inhalation anaesthetics plant in Asia at Hyderabad. It would produce Halothane and Isoflurance, which would ensure availability of these products in the country at a cheaper price. The ... More

ALLIANCES & JOINT VENTURES
PowerGrid in talks with US firm
The proposed alliance would provide an opportunity for PowerGrid to enter into the high technology area in the US. More

Bilcare signs pact with Honeywell
Pharmaceutical packaging solutions company Bilcare Ltd has signed a regional developmental collaboration with Honeywell International's specialty films business for drug packaging products. "This partnership shall help provide modern high ... More

CCL, Jyothy Labs in jt venture pact
CCL Products (India) Ltd has entered into an agreement with the FMCG company, Jyothy Laboratories Ltd, to form a joint venture company. "We are going to launch Continental Speciale brand of instant coffee through this JV," a company press ... More

OUTLOOK
Chevron may bid for oil, gas blocks
US oil major Chevron Corporation may participate in the next round of bidding for oil and gas exploration blocks under the New Exploration Licensing Policy (NELP-VII). Chevron had last bid for oil assets in India during pre-NELP days and had no ... More

GAIL identifies 28 cities for gas projects
GAIL (India) Ltd on Wednesday said that it has identified 28 cities for implementation of projects for supplying compressed natural gas (CNG) to automobiles and piped natural gas (PNG) for households and commercial establishments. ``We have ... More

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