CORPORATE
NEW BUSINESS
Roping orders
Public sector undertaking BEML secured an order from Northern Coalfields Ltd (NCL) for supplying and servicing electric rope shovels worth Rs 648 crore. The company has also launched a marketing office cum warehouse at Malaysia. ...
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COURTS/LEGAL ISSUES
Cement unit directed to pay cess, excise duty on limestone, dolomite
Chennai, Oct. 27 Inasmuch as levy of cess and excise duty on limestone and dolomite was intended to build a labour welfare fund, these imposts should be honoured by units having mining leases, the Madurai Bench of Madras High Court has held. ...
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IPR
Patent Age
Suven Life Sciences has announced that the Indian Patent Office had granted three product patents corresponding to three New Chemical Entities (NCEs) that will be useful in the treatment of Alzheimer’s, Parkinson and Schizophrenia ...
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HUMAN RESOURCES
BHEL to hire 20,000 in 11th Plan period
Chennai, Oct. 27 BHEL will hire 20,000 people in the 11th Plan period (2007-12), the Chairman and Managing Director of the public sector engineering giant, Mr A.K. Puri, has said. Nine thousand of them would be engineers, he said, at a press ...
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MERGERS & ACQUISITIONS
Suryachakra Power to invest in Sri Panchajanya
Hyderabad: Suryachakra Power Corporation has decided to invest Rs 8 crore to acquire 51 per cent stake in Sri Panchajanya Power Pvt Ltd, which is setting up a 100-MW unit in Maharashtra, and move to consider investments in coal ...
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OVERSEAS INVESTMENTS
Carborundum’s China unit to begin production soon
Q2 net falls to Rs 12.3 cr
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PERFORMANCE
Sept quarter: Profit growth slows, but still healthy
‘Other income’ increases by 59%
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PEOPLE
Foreign cos, arms may be allowed non-resident chiefs
Ministry considering new provision in company law
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