CORPORATE
RESEARCH & DEVELOPMENT
Aurobindo Pharma setting up R&D arm
Targets $1-b revenue; eyeing acquisitions in Europe
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ANNOUNCEMENTS
Production hit at Kesoram unit
Production at unit III of Vasavadatta Cement section of Kesoram Industries Ltd at Sedam, Gulbarga came to a halt on Wednesday due to machinery breakdown in raw mill. The production in the other units, however, was not affected ...
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Audi India begins operations
Audi India has commenced its business activities as a division of Volkswagen Group Sales India Pvt Ltd, and will be based in Mumbai. The managing board of German luxury car manufacturer Audi AG has appointed Mr Benoit Tiers, 37, as Managing ...
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NEW BUSINESS
Simplex bags overseas orders
Simplex Infrastructures Ltd announced it had bagged two overseas orders aggregating to Rs 1,006.70 crore. The company got an order from Qatar-based Gulf Cement Company worth Rs 654.6 crore. The scope of work includes on-shore mechanical, ...
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MERGERS & ACQUISITIONS
Reliance Life Sciences looking out for acquisitions
Charts out new growth plan
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Javelin Tech buying 51% in Manasa Organics
Javelin Technologies Ltd, a Mumbai-based, biotech and software company, is set to pick up 51 per cent equity in Manasa Organics Ltd, based in Visakhapatnam. In a notice to the stock exchanges, Manasa Organics, a manufacturer of dye ...
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NEW PROJECTS
La Opala may commission Uttarakhand plant by Sept
La Opala RG Ltd is likely to commission its second Rs 37-crore opal glass plant at Sitarganj in Uttarakhand by September. Its board on Wednesday took a formal decision to increase capacity at its crystal glass facility at Madhupur in ...
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OVERSEAS INVESTMENTS
How to set up a business in China
The differences between domestic-invested enterprises and foreign-invested enterprises have been diminishing.
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OUTLOOK
Yamaha Motors plans more bike models from 2008
Yamaha Motor India plans to release more new models over the next two years to take advantage of the robust growth in the two-wheeler segment. "The 12-15 per cent average annual growth seen for the two-wheeler market is expected to last for the ...
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Honda Motors mulls new bike in 100 cc segment
Honda Motors and Scooters India on Wednesday said that it is planning new offerings in the bike and scooter segment in the coming two years. The company plans to launch a new scooter model by the end of the current fiscal and a 125 cc motorcycle ...
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GM plans mini car rollout at Talegaon plant
General Motors India's second plant at Talegaon will be commissioned by the middle of 2008 and would manufacture a mini-car by the yearend, initially for the domestic market and later for the export market as well. Disclosing that the initial ...
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BHEL steps up efforts to meet power demand
With a view to enhance output to meet the power generation commissioning schedule during the current Plan, Bharat Heavy Electricals Ltd (BHEL) is operating critical machines round-the-clock on three shift operations, a company release said. The ...
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Indian Hotels doubling room count to 13,000
Expansion likely to cost Rs 1,000 cr
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JK Tyres plans Rs 170-cr investment
Ramping up truck-bus radial, OTR tyre capacities
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PERFORMANCE
Durgapur Steel's May output up
Durgapur Steel Plant (DSP) has reported its best-ever performance in in May 2007. Production of hot metal in May 2007 at 1,93,002 tonnes, crude steel at 1,71,402 tonnes and saleable steel at 1,50,009 tonnes were 109 per cent, 112 per cent and ...
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PEOPLE
New role for Ravi Uppal at ABB
Power equipment maker ABB has appointed the country manager for India and head of South Asia Region, Mr Ravi Uppal, as President of Global Markets with effect from July 1.A press statement from ABB said Mr Uppal would also serve on the company's ...
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