CORPORATE
ACCIDENTS
Bhopal gas site: Dow wants Govt to withdraw claim for clean-up
Non-Governmental Organisations (NGOs) which have taken up the case of the Bhopal gas tragedy victims have released correspondence alleging that the new owner of Union Carbide, Dow Chemical is trying to absolve itself of the liabilities of ...
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RESEARCH & DEVELOPMENT
BHEL increases R&D spend to Rs 238 cr
The Corporate R&D of BHEL is fully geared to meet the technology challenges from the growing potential business opportunities in ultra mega power projects and nuclear power plants. The Hyderabad-based Corporate R&D of the engineering and powe
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CORPORATE DISPUTES
High Court hearing of Lodha appeal tomorrow
Mr Justice Maharaj Sinha of the Calcutta High Court will hear on Thursday the appeal filed by R.S. Lodha, and East India Investment Co Ltd challenging the order of the Company Law Board (CLB) directing Lodha to rectify the transfer of shares of ...
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OVERSEAS BORROWINGS
Pyramid Saimira EGM on April 19
Pyramid Saimira Theatre Ltd, the digital theatre chain, will seek its shareholders approval at an EGM to raise $150 million through foreign currency convertible bonds, to invest in group companies and enhance borrowing limits, ...
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NEW BUSINESS
Jyoti bags order from IVRCL Infra
Jyoti Ltd, a Vadodara-based engineering company, has secured an order for lift irrigation scheme from IVRCL Infrastructure Ltd, Hyderabad, for Rs 56 crore for design, manufacture and supply of 25 large pumps in Kurnool and Anantapur districts of ...
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MERGERS & ACQUISITIONS
Suzlon Energy raises bid for REpower
New offer 7% higher than Areva's; Suzlon currently holds 33.1% stake in German firm
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Funding Corus buy: Tata Steel board will meet next week
To consider proposals for raising funds
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Bidding war in windy Europe
The acquisition of 75 per cent in an AG does not automatically result in management control.
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Strides set for domestic foray, bids for Grandix brands
Valuation may be completed by June
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iLabs picks 50% stake in Viswas Business
iLabs, a private equity firm that manages $300 million of capital, has picked 50 per cent stake in the Hyderabad-based Viswas Business Synergies Ltd, an agricultural input distribution and farmer services company. Mr Rajesh Raju, Director of ...
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NEW PROJECTS
Vizag Steel, SAIL, NMDC talks on steel venture soon
Plant may come up in Chhattisgarh
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Puravankara plans big projects in Chennai
Starting work on two IT parks soon
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TRADE & LABOUR UNIONS
Fresh incidents at HM plant
The law and order situation at Hindustan Motors' Uttarpara plant continues to be "disconcerting" following fresh incidents of violence and blockade at the gates, according to a HM release. "A small group of workers are able to ...
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ALLIANCES & JOINT VENTURES
BPCL to sell BSNL products
Bharat Petroleum Corporation Ltd (BPCL) and Bharat Sanchar Nigam Ltd (BSNL) have announced a partnership under which BPCL will market certain BSNL products through the Bharat Gas network in Kerala. Mr S. Radhakrishnan, Director-Marketing, ...
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FACT, Korean cos plan tie-up for gypsum based products
Fertilisers and Chemicals Travancore Ltd (FACT) and a consortium of South Korean companies are in the process of setting up a joint venture in Kochi to manufacture Gypsum-based building material. A three-member delegation representing the ...
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INTERVIEW
`Vodafone deal may get nod with restructuring proviso'
`Rejecting application would send wrong message to foreign investors'
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OUTLOOK
NTPC mulls tying up with low-cost Chinese vendors
Sourcing equipment for ultra mega power projects
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Hyundai Motor may bring auto finance arm to India
For servicing its expanding customer base
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Thermax focuses on energy audit, maintenance biz
Energy and Environment management company Thermax Ltd is expanding its operations and maintenance (O&M) businesses and proposes to triple energy audits to cater to the growing market demand. To make O&M a major business over the next five ..
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PERFORMANCE
SAIL Raw Materials Division posts record output
Raw Materials Division of SAIL has recorded best ever production and despatch of iron ore in 2006-07. During the year, RMD's total iron ore production and despatch stood at 17.06 million tonne (mt) and 16.26 mt, respectively, a Press release ...
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