CORPORATE
OVERSEAS BORROWINGS
Banks may charge more for guarantees for ECBs
Corporate borrowings down as more firms turn to overseas funding
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NEW BUSINESS
Nagarjuna Constn bags orders
Nagarjuna Construction Company has bagged two orders totalling to Rs 150 crore from two Government agencies in Karnataka and Gujarat. The Karnataka Road Development Corporation has awarded the company the construction of IV Phase Bridges in ...
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L&T bags Rs 77-cr order
Engineering and construction company Larsen & Toubro Ltd (L&T) has been awarded a Rs 77-crore order to provide methanol reformer package, as a part of the ‘Trombay Methanol Revamp Project’ for Rashtriya Chemicals and ...
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IVRCL bags Rs 368-cr order
IVRCL Infrastructures & Projects Ltd has announced that the Chennai Region of IVRCL has bagged orders of aggregate value of Rs 368.14 crore for various projects in drinking water, desalination, pipelines, etc. – Our ...
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McNally secures SAIL contract
McNally Bharat Engineering Company Ltd belonging to the B M Khaitan Group has secured a Rs 258.68-crore contract from the Steel Authority of India Ltd for setting up a by-product plant for IISCO's expansion project at Burnpur, West Bengal, ...
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Aban Offshore bags 3 ONGC orders
Aban Offshore Ltd has received letters of firm order from ONGC for deployment of 3 rigs — Aban III, Aban IV and Aban V — for a period of 3 years each. The operating day rate for each of these 3 fresh contracts is $1,56,600 and the ...
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HUMAN RESOURCES
Cos must adopt self-regulation on staff health policies: CII
Companies must take a self-regulatory role in enforcing health related policies for employees and not wait for the Government to bring out a policy. Mentioning Union Health Minister Dr Anbumani Ramadoss’ plans to bring out a ...
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Butler Intl expands operations
Hyderabad, Sept. 17 Butler International, the US-based engineering design company, will add 350 employees and set up an Engineering Technology Development Centre (ETDC) in Hyderabad. In the next 18 months, the company plans to double ...
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RESTRUCTURING
Atlas Copco rejigs manufacturing set-up
To focus on road, marine, hospitals
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MERGERS & ACQUISITIONS
Indian Hotels picks 10% stake in Orient-Express for Rs 850 cr
Mumbai, Sept. 17 Indian Hotels Company Ltd said on Monday it has acquired a 10 per cent stake in US-based Orient-Express Hotels for $211.28 million (about Rs 850 crore).The Tatas-owned Indian Hotels (IHCL) made the acquisition through ...
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NEW PROJECTS
DaimlerChrysler first bus to be inter-city coach
The first bus from DaimlerChrysler India Ltd will be an inter-city coach that will operate in a segment similar to Volvo. The buses will be assembled at its plant at Chikhali where a new assembly line has been installed, and be driven up to ...
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Delay may lead to ‘minor’ rise in IOC’s refinery project cost
Kolkata, Sept. 17 Delay in commissioning capacity expansion project of IndianOil’s Panipat refinery, from 12 million tonnes per annum to 15 mtpa may lead to a “minor” escalation in project cost. The Rs 803-crore project, ...
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HSIL plans expansion in AP
Hyderabad, Sept. 17 Hindustan Sanitaryware & Industries Ltd (HSIL) will invest up to Rs 210 crore in a ‘greenfield’ expansion project to manufacture glass bottles and jars at a new location in Andhra Pradesh. The company ...
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OVERSEAS INVESTMENTS
Suprajit Engg setting up plant in China; eyeing buys in Europe
Aims to be among top five cable makers globally
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TRADE & LABOUR UNIONS
Hind Motor’s Uttarpara factory workers likely to protest
IT township and auto park project
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ALLIANCES & JOINT VENTURES
ITC, Ballarpur Industries eye tie-ups with Swedish companies
Keen on adopting environment-friendly paper making technology
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OCM enters into strategic alliance with Burlington
Ahmedabad, Sept. 17 Amritsar-based textile manufacturer OCM India Ltd has entered into a strategic alliance with Burlington WorldWide for manufacture and sale of worsted wool fabrics under the Burlington brand in the domestic market, and for ...
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DIVERSIFICATION
Reliance plans logistics parks in all its SEZs
Mumbai, Sept. 17 Reliance Logistics Ltd (RLL) plans to set up logistics parks within all the upcoming special economic zones (SEZs) being established by the Reliance Industries group. The SEZs include the ones coming up in Navi Mumbai, ...
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OUTLOOK
Suzuki Motorcycles to focus on expansion
Plans Rs 150-cr investment in next one year
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BHEL views M&A route as opportunity for growth
Will also enlarge operations in domestic and export markets: Chairman
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