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CORPORATE
OVERSEAS BORROWINGS:
Tata Chem ties up funds to retire debt for US buy
Gets $300 m from a consortium of banks. Mumbai Nov. 24 Tata Chemicals on Monday announced completion of a non-recourse financing of $300 million to retire the bridge loan of $350 million it had taken for the acquisition of US soda ash producer ...
ALLIANCES & JOINT VENTURES:
BHEL, BEL plan integrated photovoltaic facility
Efforts on to get private player in Rs 6,000-crore project. New Delhi, Nov. 24 Engineering major Bharat Heavy Electricals Ltd (BHEL) is betting big on solar energy and, in partnership with defence electronic company Bharat Electronics Ltd ...
OUTLOOK:
Government support required, says JLR
Developing tech for emission reduction. Mumbai, Nov 24 Jaguar Land Rover (JLR), which has been in the news for seeking £1 billion from the UK Government, has confirmed that it is in the midst of an £800-million programme for developing ...
OUTLOOK:
CIL identifies 1,400 mt of coal in Aerotropolis area
Forwarded study to Bengal, Centre. Kolkata, Nov. 24 Coal India has confirmed presence of over 1,400 million tonnes of coal in the area identified for setting up the proposed $2.5-billion Durgapur Aerotropolis project promoted by Bengal ...
OUTLOOK:
Maytas Infra power arm upbeat on turnkey solutions
Order book sees big increase. Hyderabad, Nov. 24 The power division of Maytas Infra Ltd is expanding its presence in the turnkey solutions business both at the transmission and distribution network for utilities and in offering solutions for ...
VENTURE CAPITAL:
Baring to invest $10m in Sphaera
New Delhi, Nov. 24 Baring Private Equity Partners India on Monday said it would invest up to $10 million in drug discovery and development company Sphaera ...
DIVERSIFICATION:
Bajaj Group plans acquisitions to enter media space
Mumbai, Nov. 24 Bajaj Entertainment Art Music Sports (BEAMS), a division of Bajaj International, is planning to acquire television and radio channels to mark its entry into the media ...
OUTLOOK:
Areva keen to set up pressurised reactors in India
In talks with private sector cos for equipment supply. Mumbai, Nov. 24 French nuclear conglomerate, Areva, is keen to supply European Pressurised Reactors (EPR) to India. Utilities in Finland, China and France are already building these ...
SICK UNITS:
Still awaiting fiscal incentives: Dunlop
Plans to enter pact with workers today. Kolkata, Nov. 24 Dunlop has once again approached the State government seeking over Rs 100 crore of soft-loan from West Bengal Industrial Development Corporation (WBIDC), sales tax exemption for 12 years, ...
ANNOUNCEMENTS:
ONGC strikes oil in KG nomination block
New Delhi, Nov. 24 ONGC has struck oil in its nomination block in Krishna-Godavari Basin. Though this is not the first success of the exploration major in the east coast, this is a fresh block, a new prospect, a senior company ...
NEW PROJECTS:
Sparsha Pharma opens AP facility
Hyderabad: Sparsha Pharma International has opened its manufacturing facility in Muppireddy Palli village in Medak district of Andhra Pradesh. The company would start manufacturing low-cost transdermal patch products for ...
MERGERS & ACQUISITIONS:
Fem Care Pharma: Synergistic but costly buy for Dabur
Could help company expand product basket. Dabur India’s all-cash deal to acquire Fem Care Pharma for Rs 203.7 crore may bring in brands which are complementary to Dabur’s own in the personal care space and manufacturing facilities ...
NEW PRODUCTS & SERVICES:
DRL migraine generic in US
Dr Reddy’s Laboratories Ltd has launched an authorised generic version of GlaxoSmithKline’s Imitrex (sumatriptan succinate) tablets in 25mg, 50mg, and 100mg in the US. Dr Reddy’s is the first company to launch the generic ...
NEW BUSINESS:
BHEL bags Rs 240-cr order
State-run Bharat Heavy Electricals Ltd on Monday announced it has bagged a Rs 240-crore order for manufacturing and supplying transformers to Tata Power Ltd’s upcoming power project in Gujarat. The order has been placed by Coastal ...
NEW PROJECTS:
Jaypee cement unit in AP
The Noida-based Jaypee Group will be setting up a cement manufacturing facility in Andhra Pradesh with Rs 1600-crore investment. “The company has already acquired 250 acres of land near Jaggayyapet in Krishna district to set up a 5 ...
NEW BUSINESS:
IVRCL unit wins five orders
IVRCL Infrastructures & Projects Ltd has announced that the water and power division of the company has bagged five orders worth Rs 529.79 crore. The orders include Godavari water transmission project of Hyderabad Metro (Rs 253.81 ...
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