CORPORATE
ANNOUNCEMENTS
Electrotherm launches corrosion resistant steel bars
Electrotherm (India) Ltd has announced the launch of its corrosion-resistant steel (CRS) bars that would increase the life-span of buildings with a little more investment at the time of construction. To be launched under the brandname ...
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Ratnagiri Gas to tap capital market by year-end
Plans to raise Rs 1,000 cr to repay debt
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Dabur drug gets nod in Italy, Denmark
Dabur Pharma Ltd has announced that it has received approvals for Irinotecan Hydrochloride Injection in Italy and Denmark. The company had successfully launched the generic version of the drug in the US recently. It also has approval for the drug ...
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OVERSEAS BORROWINGS
IMPACT
Tata Motors: Funding new launches
Possible equity expansion in the offing
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NEW BUSINESS
L&T unit gets ONGC contract
Engineering and construction major Larsen & Toubro said that its electrical and electronics division has bagged a Rs 74.7-crore contract from the Oil and Natural Gas Corporation for a SCADA system for onshore control centres (OCC). The system ...
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Export orders for 60,000 i10 cars
In just four months, since the launch of the global compact car, i10 by Hyundai Motor India Ltd, the company has bagged an export order of 60,000 units. “HMIL started accepting export orders for the i10 from December 2007 and received ...
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C&C Const bags Rs 202 cr projects
C&C Constructions has won two contracts amounting to Rs 202 crore from the Himachal Pradesh Road and Infrastructure Development Corporation Ltd. The contracts in Himachal Pradesh, which are aided by World Bank, are for widening and ...
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RESTRUCTURING
Celebrity Fashions inks pact with Jeans Knit for plant sale
Chennai, March 11 Garment exporter Celebrity Fashions has entered into an agreement with Bangalore-based Jeans Knit Pvt Ltd, a subsidiary of Fibre and Fabrics International Pvt Ltd, for the sale of its Irrungattukottai plant, Jwala. The deal ...
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GAIL setting up separate unit for city gas distribution
17 cities identified; Rs 500 cr investment required by 2012
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Marico sells unit to Good Food
Marico Ltd divested its processed foods business brand ‘Sil’ to Danish Good Food Group’s (GFG) Indian subsidiary Scandic Food India Pvt Ltd for an undisclosed sum of money, according to a company release. The divestment is on a ...
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MERGERS & ACQUISITIONS
Tata Motors to raise Rs 4,000 cr
Mumbai, March 11 Tata Motors, which is all set to acquire the British luxury cars Jaguar and Land Rover, has said that it would be raising Rs 4,000 crore from the market through issue of securities.The board of directors at its meeting ...
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NEW PROJECTS
Danisco to expand India presence
New Delhi, March 11 Danisco India announced the opening of two new manufacturing units of functional systems and enzymes, with an investment of Rs 32 crore to cater to its Indian and South Asian markets. This investment consists of ...
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ALLIANCES & JOINT VENTURES
NTPC, Bharat Forge scaling up equipment manufacturing ties
‘Strategic partner may be roped in later’
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Nycomed to transfer European API production to Zydus Nycomed
Ahmedabad, March 12 Zydus Nycomed, the 50:50 joint venture company set up by Cadila Healthcare Ltd (Zydus Cadila) and Nycomed, will now be an active pharmaceutical ingredient (API) manufacturing hub with Nycomed planning to transfer its API ...
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SOCIETY & DEVELOPMENT
FICCI plans social audit; to identify 5-6 Govt schemes for plugging leakages
New Delhi, March 11 In response to the Finance Minister, Mr P. Chidambaram’s suggestion on industry chambers’ possible role in monitoring Government funded schemes, the Federation of Indian Chambers of Commerce and Industry (FICCI) ...
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VENTURE CAPITAL
SPS Steel plans offloading 10% stake to pvt investors
Kolkata, March 11 Ten per cent of the equity stake in SPS Steel & Power will be diluted in favour of private equity investors by the end of April. The company is part of the Rs 3,000-crore turnover SPS Group that has interests in the ...
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DIVERSIFICATION
Apollo Tyres’ diversification plans in Kerala in limbo
Uncertainty over conversion of acquired land
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OUTLOOK
United Spirits to increase focus on premium brands
Eyes 100 m case mark in two years
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Exide to double capacity in 2 years
Eyeing $1-b revenues by next year
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Essar may not pitch for stake in Prize Petroleum
New Delhi, March 11 Essar Oil may not pitch for acquiring stake in Prize Petroleum, a joint venture between Hindustan Petroleum Corporation and financial institutions. Essar Oil was among the companies which had undertaken due diligence ...
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ONGC to seek further extension for Bengal offshore drilling
There seems to be a curse on ONGC’s drilling campaign in Bengal offshore. Having secured a six-month extension from the Ministry of Petroleum and Natural gas in September 2007, the company tied up three rigs (including one ...
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