CORPORATE
RESEARCH & DEVELOPMENT
Suven, US varsity in pact
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ANNOUNCEMENTS
L&T set to float $1-b infrastructure fund
L&T is preparing to float a $1-billion infrastructure fund, Mr Y.M. Deosthalee, Chief Financial Officer, L&T, told Business Line on Friday. He said the advisors would finalise the structure and the location of the ...
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3 bidders for ultra mega power projects in AP
New Delhi, Oct 26 The Centre’s ambitious ultra mega power project (UMPP) scheme is finding fewer takers. The Andhra Pradesh-based Krishnapatnam UMPP has received request for qualifications (RFQs) from just three bidders — Sterlite, ...
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BUYBACK
Deccan Chronicle buyback plan
Deccan Chronicle Holdings Ltd (DCHL) has decided to buy back equity shares of the company up to a maximum of Rs 250 crore. The maximum price per share would be Rs 250 per share and the buyback would be from the open market (the buyout translates ...
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IPR
Bio-diesel plant using variety of materials as feedstock developed
Pune-based entrepreneurs file for US patent; unit can use acid oil
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MERGERS & ACQUISITIONS
Essar Steel completes buyout of Minnesota
New Delhi, Oct. 26 Essar Steel Holdings Ltd, part of Essar Global Ltd, has announced that it has completed the acquisition of Minnesota Steel LLC, a US-based steel company with estimated reserves of over 1.4 billion tonnes of iron ...
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NEW PROJECTS
BHEL venture with TNEB for Rs 8,500-cr project
Chennai, Oct 26 Bharat Heavy Electricals Ltd and the Tamil Nadu Electricity Board today announced the setting up of a joint venture company to put up a 1,600-MW thermal power plant at Udangudi, near Tuticorin, southern Tamil Nadu.Twenty ...
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OVERSEAS INVESTMENTS
Sun Pharma confident of closing Taro deal
‘Growth good across different segments’
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ALLIANCES & JOINT VENTURES
Glenmark in marketing tie-up with MyerZall Labs
Mumbai, Oct. 26 Glenmark Pharmaceuticals Ltd has signed a 10-year marketing and distribution agreement with MeyerZall Laboratories. The deal formalised through Glenmark Pharmaceuticals South Africa, helps expand the company’s ...
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IOC-OIL scout for local partner to bid in Libya
The consortium of State-owned Indian Oil Corporation Ltd (IOC) and Oil India Ltd (OIL) are scouting for a local partner to bid in the latest gas exploration auction round of Libya. The consortium that has qualified as financial investors needs ...
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DIVERSIFICATION
Indian firms turn to Paraguay for farming
Ruchi Soya joins consortium to acquire 10,000 hectares of land
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SICK UNITS
Closed tea gardens look for turnaround
The Union Minister of State for Commerce, Mr Jairam Ramesh, peeved at the poor response of the owners of West Bengal’s closed tea gardens to the rehabilitation scheme earlier announced by him with fanfare. He made yet another bold ...
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OUTLOOK
Toyota open to using India as overseas production base
Tokyo, Oct. 26 Toyota Motor Corporation (TMC) has said a fluctuating dollar could prompt the automaker to use India as an overseas production base but wanted the country to become more stable.The TMC Executive Vice-President for global ...
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Kajaria Ceramics to expand Sikandrabad unit
Pune Oct. 26 Kajaria Ceramics Ltd (KCL), ceramic tile manufacturer, plans to expand its existing unit in Sikandrabad, open more office-cum-display centres and introduce new products to cater to the housing and construction sector. ...
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Dr Reddy’s new pill to revitalise betapharm
Multi-pronged strategy in place to ensure profits
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PERFORMANCE
Rupee appreciation has little impact on L&T
Foreign currency billing helps balancing out
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