CORPORATE
ACCIDENTS
Fire at Aurobindo Pharma unit
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OVERSEAS BORROWINGS
L&T prices GDS offering at $100
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RESTRUCTURING
Usha Martin to sell subsidiary to UK company
Usha Martin Ltd has announced that the company has decided to sell the entire equity in its subsidiary company, UM Cables, to the Manchester-based B3 Cable Solutions. A memorandum of understanding to this effect has been signed and the ...
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Glenmark reorganises biz into speciality and generic
Glenmark Generics Ltd to be listed by Q1 of 2008
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MERGERS & ACQUISITIONS
CAMEL in a cage
The acronym CAMEL (company, assets, management, earnings and liquidity) is an excellent prod to a financial analyst’s memory, serving as it does to picturesquely remind him of the five central aspects of the company he seeks to analyse. ...
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US ad agency starts India ops
The US-based advertising agency Wieden+Kennedy (W+K) has set up its first office in India by merging operations with the New Delhi-based creative agency ‘A’. According to a press release, A’s Founding partners Mr V. Sunil and Mr ...
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NEW PROJECTS
Shimadzu of Japan mulls manufacturing unit in India
Wants to get a significant slice of the growing market
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Pride Hotels to expand hospitality chain
Pune, Nov. 7 Mumbai-based Pride Hotel Group is all set to expand into other locations for which it has earmarked Rs 350 crore. Mr S.P. Jain, Chairman and Managing Director, Pride Hotels Ltd, said the group has presence in Pune, Nagpur, ...
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Kone to start engineering centre
Chennai, Nov. 7 Kone Elevators India Pvt Ltd, the wholly owned subsidiary of Kone, Finland, has emerged as the centre for software, engineering and trained workforce for Kone’s operations globally.The company, which is a market ...
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OVERSEAS INVESTMENTS
Turkey foray: IOC may have to rework strategies
Tying up with Azerbaijan and Kazakhstan cos will help clear hurdles
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Mauritius invites IOC to take up LPG distribution
Company looking at hydrocarbon opportunities in Africa
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GAIL attracts investors’ interest on Nigeria deal
Overall outlook for oil & gas sector positive
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ALLIANCES & JOINT VENTURES
Ascho, AP Agros tie up to set up food-testing lab
Hyderabad, Nov. 7 Ascho Industries Ltd, Mumbai and the Andhra Pradesh State Agro Industries Development Corporation (AP Agros), have agreed to jointly operate a food-testing laboratory on a revenue-sharing basis.The project, to be run ...
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VENTURE CAPITAL
Baseline launches investment firm
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SICK UNITS
Daewoo plant takeover: Nod for Crosslinks
Global cos keen on tie-ups
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OUTLOOK
Re appreciation may hit Hyundai profits
New i10 models unveiled in Gujarat
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Rourkela Steel hot metal output to touch 4.5 mt
Plans on for Rs 10,000-crore capacity expansion
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IMPACT
Glaxo Pharma’s new move to be lucrative
Could help it enter niche market
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PERFORMANCE
VSP first-half turnover up 12%
Visakhapatnam Steel Plant has achieved a record sales turnover of Rs 5,082 crore during April-October this year against last year’s Rs 4,543 crore, registering a growth of 12 per cent, according to a press release. The plant produced 3.51 ...
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PEOPLE
Prathap Reddy to write a book on making of Apollo
Dr Prathap Chandra Reddy, the Chairman of the Apollo Hospitals Group, who built the first major corporate healthcare solutions company in the country, is planning to pen his thoughts soon on the genesis and journey of Apollo Hospitals into a ...
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