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CORPORATE
OUTLOOK:
Cairn yet to get ‘right of use’ for Rajasthan pipeline
New Delhi, Oct. 9 Cairn India, which aims to pump out oil from its Rajasthan fields in a year’s time, has run into fresh trouble, this time with the Rajasthan government. The latter is yet to grant the crucial Right of Use (ROU) for ...
OUTLOOK:
Wartsila hopes to ride tough times on strong order book
Gives it time to react to market changes; added security in advance payments. Chennai, Oct. 9 With an order book of €7.5 billion (Rs 48,750 cr) that would keep it busy up to and through most of 2010, the multinational Wartsila Corporation ...
NEW PROJECTS:
Magna to set up unit to make car window systems
Toronto, Oct. 9 Magna International, a Canadian automotive component manufacturer, plans to set up a window systems manufacturing facility for passenger cars in India. Magna International has decided to set up the facility through a ...
NEW PROJECTS:
Siemens sets up new arm for rail transportation sector
Pune, Oct. 9 Engineering goods manufacturer Siemens Ltd has set up a new, wholly-owned subsidiary company to tap the potential in the Indian rail transportation ...
NEW PROJECTS:
Glaxo’s drive against filariasis
Drug-maker GlaxoSmithKline is setting up a new manufacturing line at Nashik as part of its global corporate social responsibility, contributing towards world-wide efforts to tackle Lymphatic Filariasis by 2020. The new production line will ...
AWARDS & HONOURS:
Tata Steel gets award for TQM
Tata Steel has been awarded the Deming Application Prize for excellence in total quality management for 2008. The decision of confer the award on Tata steel was announced on Tuesday by the Deming Prize Committee instituted by the Japanese Union ...
OUTLOOK:
Auto rickshaws to form 10% of TVS Motor’s revenues
Ahmedabad, Oct. 9 Auto rickshaws will contribute to around 10 per cent of TVS Motor Company’s revenues in three years, said Mr K. Srinivasan, Vice President, Sales and Service (three- wheeler), at the sidelines of the launch of the TVS ...
CORPORATE DISPUTES:
RNRL places MoU on gas sharing before court
Mumbai, Oct. 9 Reliance Natural Resources Ltd on Wednesday submitted to the division bench of the Bombay High Court extract of the Ambani family Memorandum of Understanding relating to the sharing of ...
OUTLOOK:
Tolins to launch LCV tyres
Kochi, Oct. 9 Kerala-based Tolins Tyres Pvt Ltd, manufacturer of re-treading material, is set to introduce LCV ...
ALLIANCES & JOINT VENTURES:
Wockhardt, Sinclair sign pact
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NEW BUSINESS:
Elecon Engg bags Rs 52-cr orders
Ahmedabad, Oct. 9 Elecon Engineering Company Ltd, a major manufacturer of material handling equipments, industrial gears and transmission products, has secured three orders worth Rs 51.74 crore from Techpro Systems, Chennai and SAIL- ...
ANNOUNCEMENTS:
Promoters hike holding in Hindalco
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REGULATORY BODIES & RULINGS:
USFDA nod for Strides facility
Strides Arcolab’s oral dosage form facility in Bangalore has received a renewed approval from the USFDA, the company has announced. “The manufacturing site at KRS Gardens in Bangalore has been classified as acceptable by the USFDA ...
RESEARCH & DEVELOPMENT:
Rasi Seeds' R&D centre
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