CORPORATE
ANNOUNCEMENTS
Warren Buffett’s NetJets comes to India
Mumbai, March 19: Private jet firm NetJets is starting operations in India and declared its strategic partnership with a local partner in the country . The company engaged Mr Ashish Chordia, CEO of Shreyans, for the same who represents luxury ...
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Strides new drug gets USFDA nod
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Aban Offshore rig deployment deal
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WaterHealth India centre
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NEW BUSINESS
L&T bags Rs 170-cr Chinese order
Mumbai, March 19 Larsen & Toubro Ltd (L&T) has announced that its Heavy Engineering Division has bagged a contract valued at €28 million (Rs 170 crore) for supply of the Coal Gasifier and Syngas Cooler assembly to Hebi Coal and ...
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Diamond Cables bags Gujarat order
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AWARDS & HONOURS
Eastern Condiments bags award for exports
Kochi, March 19 Eastern Condiments (P) Ltd, the spice powder and masala manufacturer, has bagged the award for the highest performance in export of spices powders and masala mixes during the financial year 2006-07 from the Ministry of Commerce ...
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COURTS/LEGAL ISSUES
Patent case: HC declines to restrain Cipla
Making, selling generic version of Roche’s Tarceva
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CORPORATE BONDS
CRISIL ‘AA’ rating for DLF NCDs
Rating agency CRISIL has assigned ‘AA’ rating to DLF’s Rs 5,000-crore non-convertible debentures besides assigning ‘P1+’ rating to company’s Rs 3,000-crore short-term debt. CRISIL has also assigned ...
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MERGERS & ACQUISITIONS
LIC increases stake in ACC
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Country Club buys properties
Country Club India Ltd has brought properties in Chennai, Pune, Delhi, Kochi, Kolkatta, Ahmedabad, Vadodara and Surat during the past two months. The acquisitions amounting to Rs 96.04 crore are a part of the strategic expansion plan undertaken ...
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NEW PROJECTS
MGM Group investing Rs 100 cr to expand liquor biz
Chennai-based MGM Group is planning to invest over Rs 100 crore in expanding its distillation and bottling plants in Chennai and Hyderabad.Eyeing Acquisitions Southern Agrifurane Industries Ltd (SAFL), ...
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Tayo Rolls’ unit to go on stream by 2008-09 end
Kolkata, March 19 Tayo Rolls Ltd’s forged rolls manufacturing facility, being set up at Jamshedpur at an estimated investment of Rs 142.5 crore, is expected to go on stream by the end of 2008-09. The company will be manufacturing forged ...
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Punjab Chem sets Rs 2,000-cr capex for next 3 years
Mumbai, March 19 Punjab Chemicals and Crop Protection Ltd (PCCPL) has designed a Rs 2,000 crore expansion plan for the next three years.“The investment will be through a combination of debt and equity. Various options like foreign ...
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CALS Refineries to set up project in West Bengal
Kolkata, March 19 CALS Refineries Ltd today signed a memorandum of understanding (MoU) with Haldia Development Authority (HDA) and the West Bengal Industrial Development Corporation to set up a 20 million tonnes per annum (mtpa) capacity ...
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NTPC thermal project in Assam
Power major NTPC Ltd will invest Rs 4,375.35 crore for setting up a coal-based thermal power project of 750 MW (3x250 MW) at Salakati in Kokrajhar district of Assam. The project is slated to come up at the site of the existing non-operational ...
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OVERSEAS INVESTMENTS
LifeLine plans expansion abroad
Chennai, March 19 The LifeLine Group, a Chennai-based hospital chain, has entered in to an agreement with the Government of Zambia to set up a hospital there.Addressing a press conference, Dr J.S. Rajkumar, Chairman, LifeLine Group, ...
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REGULATORY BODIES & RULINGS
USFDA nod for Natco facility
The US Food and Drug Administration (US FDA) has approved Natco Pharma’s Active Pharmaceutical Ingredients (APIs) facility at Mekaguda in Mahaboobnagar district, Andhra Pradesh for production of some additional products. The approved ...
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ALLIANCES & JOINT VENTURES
DQE, Pritish Nandy Comm tie up
Pritish Nandy Communications (PNC) and animation and gaming company DQ Entertainment (DQE) have announced a move to co-develop and co-produce six movies over the next 3-4 years with a global budget of approximately $45-50 million. The films will ...
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Seventymm ties up with Palador Pictures
Bangalore, March 19 Movie rental company Seventymm has tied up with Palador Pictures, distributors of “highly awarded” foreign language films across the world. Through this tie-up, Seventymm attempts to boost its collection ...
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BUSINESS MODELS
Laboratories of life
Branding innovations or business models as ‘corporate’ or ‘non-commercial’ may be a stumbling block to progress.
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VENTURE CAPITAL
‘PE-route good for SMEs to raise capital ’
Hyderabad, March 19 The private equity (PE) route to raise capital in the present uncertain market conditions will be beneficial for the small and medium enterprises (SMEs), according to Mr Avdhoot Deshpande, Senior Vice-President (Investment ...
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OUTLOOK
Larsen & Toubro to ramp up manufacturing capacity
Mumbai, March 19 Engineering and construction company Larsen & Toubro Ltd said that it is all set to ramp up its manufacturing capacity of super-critical boilers and super-critical turbine generators to 4,000 MW per ...
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Biologicals growth strategy
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