CORPORATE
ANNOUNCEMENTS
Hind Motors to keep out of realty projects in Bengal
Receives non-compete fee from Shriram Properties
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Fiat launches Palio Stile at Rs 3.49 lakh
Fiat India on Wednesday launched the new Palio Stile.The vehicle is available in two petrol models — 1.1-litre and 1.6-litre. The 1.1-litre is priced in the range of Rs 3.49 lakh to Rs 3.90 lakh (ex-showroom, Delhi) while the company's ...
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CORPORATE DISPUTES
Novartis cancer drug case shifts to new board
The Novartis case contesting the rejection of its patent application on cancer drug Glivec is in a delicate situation following the appointment of an Intellectual Property Appellate Board (IPAB) in Chennai. The IPAB was set up following a ...
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HUMAN RESOURCES
Kenexa solution for Volvo
Talent acquisition and retention solutions provider Kenexa on Tuesday announced that it has been selected to support the global recruiting initiatives of Goteborg, Sweden-based AB Volvo, a manufacturer of trucks, buses and ...
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MERGERS & ACQUISITIONS
Synchron acquires Innovance
In India's first-ever acquisition in the contract research organisation (CRO) space, Ahmedabad-based Synchron Research Services Pvt Ltd has announced the acquisition of Innovance, a local start-up CRO. The deal with Innovance, having a ...
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Fortis buys Hiranandani Hospital for Rs 25 cr
IPO price band fixed between Rs 92 and Rs 110
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US co Sherwin-Williams buys Nitco Paints
Sherwin-Williams, a company listed on the New York Stock Exchange, has acquired the Indian paint company Nitco Paints at an undisclosed price. Nitco Paints is a manufacturer and distributor of exterior speciality paints and coatings with sales ...
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NEW PROJECTS
Hirco investing Rs 1,066 cr in Chennai township
Awaiting Centre's approval for IT/ITES special economic zone
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Renault-Nissan, M&M working out strategies
Companies keen on retaining separate identities
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United Biotech mulls Rs 15-cr oncology division
United Biotech is investing Rs 15 crore in a new division to enter the oncology segment. The company has set up a dedicated unit at its facility at Baddi in Himachal Pradesh to meet its plans for the segment. The new division has tied up with ...
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REGULATORY BODIES & RULINGS
Aurobindo gets nod for Lisinopril
Aurobindo Pharma Ltd has received the marketing authorisation approval from the Medicines Evaluation Board (MEB), Netherlands, for Lisinopril 10, 20, 30 and 40 mg tablets. This is the fourth formulation approval received from ...
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TRADE & LABOUR UNIONS
Protests again at HMSI
Honda Motorcycle and Scooters India (HMSI) on Wednesday witnessed fresh protests from its employees against the official police report that absolved the company and the actions of the police officials in the lathi charge that ...
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OUTLOOK
Hyundai starts planning for further expansion
`Strong won, labour issues in S. Korea driving foray in India, China'
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Tata's Rs 1-lakh car: Is it `Jeh'?
The most watched car in the Indian car space — the Rs 1-lakh offering from the Tata Motors stables — is still unnamed, but company sources here believe that `Jeh' is emerging as the `most favoured name'. "It has always been our ...
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Murugappa to up fertiliser output
The Chennai-based Murugappa Group — with three fertiliser plants — is planning to increase the output from the current 2.7 million tonnes to 3.3 million tonnes by June 2009, according to Mr A. Vellayan, Chairman. ...
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PERFORMANCE
Bharat Coking profit plunges in '06-07 fiscal
`Unmanageable' production cost cited as reason
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BHEL Bangalore unit profit up at Rs 376 cr
It records an all-time high orders inflow of Rs 1,875 crore
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BHEL Tiruchi received orders worth Rs 7,700 cr last fiscal
BHEL's Tiruchi unit, which manufactures boilers for power plants, received record inflow of orders last year, worth Rs 7,700 crore. Thanks to this, the unit opens the year 2007-08, with an outstanding order book worth Rs 11,650 crore. The ...
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BHPV achieves Rs 176-cr turnover
Bharat Heavy Plate and Vessels Ltd (BHPV) has achieved a turnover of Rs 176 crore during 2006-2007, the highest during the past five years, improving its performance considerably, according to a press release issued by the company here on ...
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Correction
With reference to the report on Tata Motors sales, which appeared in these columns on April 3, the decline in the company's exports in March was wrongly mentioned as 33 per cent instead of 3 per cent. The error is ...
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PEOPLE
New Director for ECIL
Mr S. Hanumantha Rao has taken over as the new Director (Personnel) of the Electronics Corporation of India Ltd (ECIL), the Hyderabad-based public sector undertaking, under the Department of Atomic Energy. Mr Rao, who was earlier ...
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RC Mall re-appointed at AP Paper
Mr R.C. Mall has been re-appointed as Executive Director of Andhra Pradesh Paper Mills Ltd for three years from May 10. The company has informed BSE that the Board of Directors of the company has endorsed the decision at its ...
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