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CORPORATE
OUTLOOK:
Toyota’s small car may be high speed, not low cost
New Delhi, Aug. 1 Toyota Motor Corporation’s compact car for India may be a high speed one but not low cost. ...
OUTLOOK:
GM puts off Hummer, Cadillac launch plans
To double compact car Spark production. New Delhi, Aug. 1 General Motors plans to stave off the domestic launch of its global sports utility vehicle brands — Cadillac and Hummer — for this year. ...
OVERSEAS INVESTMENTS:
Tata Steel sets up holding co for overseas assets
New entity to be a subsidiary of the steel major. All international assets of Tata Steel including Corus have been brought under a global holding company, Tata Steel Global, Mr Koushik Chatterjee, Group Chief Financial Officer, said ...
NEW PROJECTS:
Goa Carbon lines up Rs 700-cr investment
Mumbai, Aug 1 Goa Carbon, a group company of Rs 1,800-crore Dempo Group, has lined up an investment of Rs 700 crore to set up a Calcium Petroleum Coke (CPC) manufacturing plant, augment capacity by 1 lakh tonnes to 2.25 lakh tonnes (lt) at its ...
OUTLOOK:
Texmaco joins Japanese consortium to bid for Madhepura project
Kolkata, Aug. 1 Texmaco has joined hands with Japanese consortium, comprising Kawasaki, Toshiba, Mitsubishi Corporation and Mitsubishi Electric Corporation, and has filed request for qualification (RFQ) for the proposed electric loco project ...
NEW PROJECTS:
Electromech to set up facility at Sriperumbudur
Chennai, Aug. 1 The Pune-based Electromech Material Handling Systems (India) Pvt Ltd plans to set up its second facility in Sriperumbudur with an annual capacity of 200 cranes. The company manufactures discreet industrial cranes (2 tonnes to ...
ANNOUNCEMENTS:
Adani in power purchase deal with Maharashtra State Electricity Co
Ahmedabad, Aug 1 Adani Power Ltd (APL) said it has received the Letter of Intent (LoI) from the the Maharashtra State Electricity Company Ltd (MSECL) for supply of 1,320 MW of electricity, to be generated with domestic coal at Mundra, under ...
TRADE & LABOUR UNIONS:
Bajaj Auto forks out Rs 500 cr to settle Akurdi workers’ dues
Pune, Aug. 1 Two-wheeler major Bajaj Auto Ltd paid out around Rs 500 crore to settle the dues of workers who opted for the voluntary retirement scheme at its Akurdi factory. ...
MERGERS & ACQUISITIONS:
Strides Arcolab completes 50.1% acquisition of Genepharm
Bangalore, Aug. 1 Generics and specialty medicine major Strides Arcolab said it has completed the acquisition of a controlling 50.1 per cent stake in listed Australian pharma company Genepharm Australasia Ltd. The Melbourne-based company is to ...
REGULATORY BODIES & RULINGS:
WHO approves Ranbaxy’s AIDS drug
New Delhi, Aug. 1 Ranbaxy Laboratories Ltd announced on Friday that the World Health Organisation (WHO), Geneva, has approved and included another of the company’s Anti Retrovirals (ARV) drug in its pre-qualification list. ...
OVERSEAS BORROWINGS:
Kesoram opts for ECB of Rs 460 cr
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