CORPORATE
RESEARCH & DEVELOPMENT
BHEL develops gas insulated substations
Engineering and power major BHEL has emerged as the first original equipment manufacturer (OEM) from India in the field of gas insulated substations (GIS), with applications in power stations. The Corporate R&D department of BHEL has ...
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ANNOUNCEMENTS
Petronet diverts LNG sourced for Dabhol
Petronet LNG Ltd (PLL) has diverted LNG sourced for Ratnagiri Gas and Power Pvt Ltd (RGPPL), the erstwhile Dabhol project, to other customers in the absence of a pipeline to transport the gas. Since January PLL has sourced a total of 350,000 ...
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Potkar is Pfizer Director
Pfizer India has appointed Dr Chandrashekhar Potkar as Director, Medical and Regulatory Affairs. Dr Potkar was the Director of Clinical and Regulatory Affairs at Pfizer India, a note from the company said. Dr Potkar joined Pfizer ...
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CORPORATE DISPUTES
DuPont files for patent infringement
DuPont on Monday announced that it has filed a case in the Delhi High Court alleging R-407C and R-410A patent infringement against a refrigerant reseller in India. DuPont owns patents in India covering both R-407C and R-410A, ...
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NEW BUSINESS
Lanco gets approval for SEZ
The Lanco group has received clearance for the proposed $1-billion IT special economic zone (SEZ) planned near Hyderabad. Lanco Hills Technology Park has been notified as SEZ by the Ministry of Commerce & Industry, Department of Commerce, and ...
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Punj Lloyd bags Oman Gas order
Punj Lloyd Ltd (PLL) today said it has bagged a Rs 530-crore contract from Oman Gas Company for construction of pipelines on an EPC (engineering, procurement and construction) basis in Oman. The contract would involve ...
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ESOPS
Reliance m-cap surges above Rs 2 lakh crore
Co offers employees stock option scheme for first time
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RESTRUCTURING
MOMS splits business into two units
MOMS, the outdoor unit of Madison World, has divided its business into two units: West & South Zone and the North & East Zone. A Chief Operating Officer (COO) heads each of these zones. According to an official release, the restructuring at
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MERGERS & ACQUISITIONS
Essar buying Canadian steel firm for $1.58 b
Deal for 100% equity purchase
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Essar-Algoma: A fair deal
Essar Global's definitive agreement to acquired Canadian steel major Algoma Steel Inc for $1.63 billion appears to be a favourable deal for the Indian company. Essar Global holds 88 per cent of the equity in Essar Steel. At 5.5 times the 2006 ...
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`Sahara was enterprise-valued'
"There is a common refrain in legal circles. A bad (out of court) settlement is always better than a good verdict," says noted lawyer Mr Harsish Salve, Jet Airways' counsel and one of the prime negotiators in the Jet-Sahara deal. What Mr Salve ...
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Coromandel buys IFFCO stake in Godavari Fert
Coromandel Fertilisers Ltd (CFL) has bought out the 25 per cent equity holding of IFFCO in Godavari Fertilisers and Chemicals Ltd (GFCL), for a total consideration of Rs 120 crore. IFFCO (Indian Farmers Fertiliser Cooperative Ltd) offloaded ...
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NEW PROJECTS
Kakinada project may be moved to ONGC
Oil and Natural Gas Corporation (ONGC) may seek concessions from the Andhra Pradesh Government for setting up a 15-million tonne refinery at Kakinada involving an investment in the range of Rs 19,000 to Rs 20,000 crore. With the investment cost ...
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Gamma Agro-Medical sets up food irradiation plant near Hyderabad
Ties up with BARC to source isotopes
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TRADE & LABOUR UNIONS
Bengal asked to help in transfer of Hind Motors' spare parts
Following Tata Motors' petition to the Calcutta High Court seeking its intervention to regain possession of dyes and components from Hindustan Motors' (HM) Uttarpara plant, the latter has urged the State Government to provide requisite support to ...
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ALLIANCES & JOINT VENTURES
Rlys, NTPC may ink pact for Nabinagar plant soon
The Railways and NTPC are likely to sign a new MoU for setting up a captive power plant at Nabinagar within six months. The joint venture company, called Bharatiya Rail Bijlee Company, will set up the 1,000-MW plant. NTPC will hold 74 per cent ...
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Poly Medicure in marketing tie-up with US company
Poly Medicure Ltd, which celebrated its 10th anniversary on Saturday, has tied up with a mid-sized US company to market its products there. This would give the medical disposable devices company its first step into exports to the US market ...
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BUSINESS MODELS
Cos go for online carbon credit auction for price discovery
ACX follows 2-step process for buyers and sellers
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SICK UNITS
Unions resent NTC's mill revival plan
Jt venture scheme for Coimbatore Spinning and Weaving Mills opposed
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OUTLOOK
GM to launch Chevrolet Spark today
On Tuesday, General Motors India will launch nationwide their most awaited small car, the Chevrolet Spark. According to senior officials, the company will introduce the small car initially in the North and West, with New Delhi and Mumbai ...
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Hiranandani eyeing Madurai, Coimbatore
Next project in Chennai will be for mass market
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Marvel focuses on super luxury flats
Pune-based builders Marvel Realtors and Developers Ltd are concentrating on setting up super luxury apartments. They are currently constructing 1,400 flats valued at over Rs 2,000 crore in and around Pune. The company, which recently made a ...
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PERFORMANCE
BHEL records Rs 2,510-cr turnover
Bharat Heavy Electricals Ltd (BHEL) achieved a record turnover of Rs 2,510 crore through commercialisation of products and systems developed by way of in-house research and development (R&D) efforts during the last fiscal. The turnover through ..
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