CORPORATE
NEW BUSINESS
IVRCL bags Rs 383-cr orders
IVRCL Infrastructure and Projects Ltd bagged orders worth Rs 383.05 crore. The orders include Rs 376.14 crore from Irrigation and Public Works Department of Andhra Pradesh for design and execution of tunnel for Gandikota ...
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PSL gets Rs 135-cr GAIL order
Spiral pipe manufacturer PSL Ltd has secured its fourth successive order from GAIL (India) valued at Rs 135 crore. According to a press release issued by the company, GAIL (India) has ordered an additional 124 km of 30-inch ...
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INSIGHT
The enigma of employee relationship
Technology and capital can be accessed and acquired but the workforce needs to be nurtured as it is the most critical asset for an organisation.
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COURTS/LEGAL ISSUES
Spate of bad news brings Dr Reddy's scrip down
Dr Reddy's Laboratories had a spate of bad news over the weekend, with two cases in the US not going in its favour. A double legal blow was dealt on the Hyderabad-based company, with a US court ruling upholding an Eisai patent on its ulcer ...
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CREDIT RATING
Interest rates may drop for `high credit rating' borrowers
Some banks begin putting rating regime into operation
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RESTRUCTURING
Sundaram Clayton transfers brake business
Sundaram-Clayton Ltd will transfer its brake business to a wholly owned subsidiary Wabco-TVS (India) Ltd, according to information provided by Sundaram-Clayton to the stock exchange. The business as on January 1, 2007, will be transferred after ...
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MERGERS & ACQUISITIONS
REpower deal breathing down the political alley?
The Suzlon-Areva chase for REpower is getting tougher, after the recent results of the French elections. Why so? It seems the outgoing French Finance Minister was keeping a lid on Areva's bid; but the President-elect, Mr Nicolas Sarkozy, is ...
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NEW PROJECTS
BHEL plans Rs 3,200-cr expansion
Equipment major Bharat Heavy Electricals Ltd (BHEL) plans to invest around Rs 3,200 crore during the Eleventh Five-Year Plan period to increase manufacturing capacity from the current 6,000 MW to 15,000 MW per annum. The state-owned company ...
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Granules sets timeline for enhanced capacity unit
Gets US FDA approval for two facilities
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Minda-Valeo venture plans starter motors facility
Chennai or Pune will be the location
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Parsvnath work at Games site
Parsvnath Developers will soon commence work for a metro station-cum-shopping mall at the Commonwealth Games village site in the Capital. The company today performed the groundbreaking ceremony of the project. The Rs 160-crore ...
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Carlson Wagonlit launches new management centre
Carlson Wagonlit Travel (CWT), world's second-largest travel management company, has announced the launch of the CWT Programme Management Centre (PMC). This global Web-based tool provides travel managers and buyers with a central gateway for easy ...
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OVERSEAS INVESTMENTS
Tatas, Ruias mull plants in Egypt
The Tatas and the Ruias are examining the possibility of building steel plants in Egypt. The latter are also planning a refinery in that country, according to a Reuters report. Tata Steel is examining the possibility of building a steel plant ...
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Ritz-Carlton announces first hotel in India
The Ritz-Carlton Hotel Company LLC announced its first hotel in India on Monday — a 250-room, five-star property in Bangalore that is expected to be completed by early 2010. Developed by real estate developers Nitesh Estates, The ...
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TRADE & LABOUR UNIONS
MTR Foods lifts factory lockout
The MTR Foods management reopened its factory on Monday, which was under lockout for more than a week. After talks with the Deputy Labour Commissioner on Monday, the management agreed to the workers' demand for the lockout to be lifted. ...
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ALLIANCES & JOINT VENTURES
Lupin, Glaxo part ways on Philippines agreement
They had marketing alliance for promoting Lupin's TB drugs
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SICK UNITS
Two NTC units may be spared from joint venture scheme
`A formal communication from the Government is expected shortly'
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OUTLOOK
TransAsia plans $1-b India-specific fund
Primary focus on Bengal infrastructure projects
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PEOPLE
Kapil to head executive board of Zee's India Cricket League
Former Indian captain Kapil Dev will head the Executive Board of India Cricket League promoted by the Essel Group. Other members of the board are the ex-chairman of the selection committee of BCCI, Kiran More, former England captain Tony Greig, ...
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Shoeb Ahmed, SAIL's new director
Steel Authority of India Ltd (SAIL) on Monday announced that Mr Shoeb Ahmed has assumed office as Director (Commercial). Prior to this, Mr Ahmed was Executive Director (Marketing - Long Products) at SAIL's Central Marketing ...
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