CORPORATE
RESEARCH & DEVELOPMENT
Dr Reddy’s new diabetic drug balaglitazone to hit market in 2011
R&D budget hike to $100 m on the anvil: Anji Reddy
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ANNOUNCEMENTS
GoAir receives 2nd A320 aircraft
Mumbai, Nov. 15 Wadia Group company’s low-cost flyer Go Airlines Pvt Ltd received its second A320 aircraft of the Rs 4,800 crore ($ 1.2 billion) order it placed with Airbus last year and plans to complete flight expansion by November ...
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Gautam Thapar group unveils new corporate identity
New Delhi, Nov. 15 The Gautam Thapar-led group of companies on Thursday unveiled its new group corporate identity. The around Rs 12,000-crore group, with presence in more than six diverse business verticals, will be known by its new ...
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Reliance Energy gets 2 coal blocks
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Southern Online to raise Rs 50 cr
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PREFERENTIAL ALLOTMENTS
Essar Oil mulls pref offer; board meet today
Essar Oil Ltd proposes to make a preferential offer of securities or warrants to promoters. The company’s board is meeting on Friday to consider the proposal, the company has informed stock exchanges.Promoters currently ...
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OVERSEAS BORROWINGS
McNally Bharat share allotment
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NEW BUSINESS
L&T-Paul Wurth consortium bags SAIL order
Mumbai, Nov 15 Engineering and construction company Larsen & Toubro Ltd in consortium with Paul Wurth has bagged a Rs 580.74-crore order from SAIL to upgrade blast furnace No. 2 at Bokaro Steel Plant on a turnkey basis. ...
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AWARDS & HONOURS
DSIR award for Tata Steel
Mumbai, Nov 15 Tata Steel has won the DSIR Award 2007 (Department of Scientific and Industrial Research) for its R&D effort in implementing an indigenous technology for removing hexavalent chromium (Hex Cr) from chrome ore ...
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INSIGHT
Case for more clarity to ‘third eye’
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RESTRUCTURING
Pantaloon spins off sports retail division
Mumbai, Nov. 15 Pantaloon Retail India Ltd has spun off its sports retail business into a new company under the name of Planet Sports Retail. The company has segregated its fashion and sports business which was previously operating ...
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HC nod for Indoco demerger
Indoco Remedies Ltd has informed the BSE that the Mumbai High Court has passed an order on the petition for a Composite Scheme of Amalgamation and demerger. The said order was passed on September 28 and sealed on October 6. – Our ...
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MERGERS & ACQUISITIONS
GE unit picks 26% in Sayi Power Energy
New Delhi, Nov. 15 GE Energy Financial Services announced on Thursday that it has acquired about 26 per cent stake in Sayi Power Energy Ltd, a majority shareholder of power project developer KSK Power Venture Plc, for an undisclosed amount. ...
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NEW PROJECTS
SKF setting up two manufacturing plants
Investing Rs 420 cr; also looking at acquisitions
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OVERSEAS INVESTMENTS
Reliance deals with Kurdish Region have no standing: Iraq
Future exploration and production contracts may face problem
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ALLIANCES & JOINT VENTURES
NIIT, US co to introduce ‘Math Lab’
Chennai, Nov. 15 NIIT Ltd, an IT training company, has announced an alliance with the US-based Key Curriculum Press Inc, a provider of software research and development for Mathematics Education, to introduce ‘Mathematics ...
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Piramal venture with Sunteck
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Amtek pact with Italian co
Amtek India Ltd has signed a technical collaboration agreement with Teksid S.p.A. based in Turin, Italy. Teksid is a world leader in the production of iron castings for the automotive industry with operations spread out in Europe, North and South ...
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RIGHTS ISSUE
Godrej Consumer to consider rights issue on Nov 23
Mumbai, Nov 15 Godrej Consumer Products Ltd will come up with a rights issue at its board meeting to be held on November 23, according to a company release. The number of shares, issue price, ratio and other terms of issue will be ...
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OUTLOOK
Cairn submits commercial viability of discoveries in Rajasthan block
Cairn, ONGC panel validated commercial viability earlier this month
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Soilmec mulls supplies to construction industry
Bangalore, Nov. 15 The construction industry’s preference for using high tech equipment has given an impetus to international companies that started on small scale trading. With the demand in India for drilling rigs expected to touch 200 ...
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Royal Orchid eyes Tier I, II cities
Bangalore, Nov. 15 Royal Orchid Hotels Ltd plans to have a pan-India presence by 2010, said Mr Chander Baljee, Chairman and Managing Director. The company is looking at having 25 properties under its fold mainly in tier I and tier II cities ...
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PERFORMANCE
Global telecom cos ride on Indian operations
SingTel, Maxis, Vodafone derive gains
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Ashok Leyland sales flat; slew of bus launches planned
Launches 49-tonne 4921TT truck priced at Rs 19.7 lakh
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