CORPORATE
ANNOUNCEMENTS
Maruti, Hyundai raise prices
Hikes range from Rs 2,000 to Rs 12,000
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CORPORATE DISPUTES
Motorola rejects BSNL offer on cellular contract
High Court extends stay till Feb 12
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NEW BUSINESS
Continental-Soma venture bags Rs 813-cr Delhi Metro contract
A joint venture between Taiwan-based construction firm Continental Engineering Corporation and Soma Enterprise has bagged a contract worth Rs 813.51 crore from the Delhi Metro Rail Corporation for the construction and designing of tunnel and ...
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MERGERS & ACQUISITIONS
Tata Steel acquires 21.1% in Corus
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What next?
After the blistering action on the auction front, at the UK Takeover Panel, in which Tata won Corus after the dramatic bidding battle with CSN, a few questions linger on. And Mr Roy Montague-Jones of the London-based law firm Reed Smith ...
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Whether Tatas gain or not, banks will win
Time will tell whether the Tatas will win or lose from the Corus takeover. But investment banks financing the leveraged buyout will rake in more than $1 billion a year. It is because of such high returns on `heads I win tails you lose' ...
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Alembic acquires Dabur's domestic non-oncology biz
In the largest acquisition in domestic pharma sector in recent times, Alembic Ltd, the Vadodara-based pharmaceutical major, today announced the acquisition of the entire domestic non-oncology formulation business of Dabur Pharma Ltd, for Rs 159 ...
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Corus is a good buy for the Tatas: StanChart CEO
Sees scope for M&As with robust SME growth
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CSN expects to reap `incentive remuneration' from Corus
Press release of Companhia Siderúrgica Nacional (CSN) datelined `Rio de Janeiro/ São Paulo, January 31' announces glumly, "The auction outcome announced yesterday by the Takeover Panel: CSN offered 603 pence in cash for each common share of ...
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NEW PROJECTS
Kunz may start Chennai operations in Sept
Plans to set up more shoe lasts facilities
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INTERVIEW
`The only bids that matter are final ones'
Is there a gag on Tata and CSN, the key players in the Corus deal, that they should not reveal what bids they made in the different interim rounds? How is secrecy ensured by the Panel? Is there a penalty for leaking out the info? When ...
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SICK UNITS
CCEA okays HMT Machine revamp
The Government today decided to pump in Rs 723 crore to revive HMT Machine Tools Ltd through a joint venture route and also provide funds for a voluntary retirement scheme. Briefing newspersons after the meeting of the Cabinet ...
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OUTLOOK
Usha Martin to develop captive coal mines
The move will help forge linkages with existing iron ore, power units
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