CORPORATE
ANNOUNCEMENTS
Aurobindo Pharma gets S. African nod for Metformin
Aurobindo Pharma Ltd (APL) has announced that it has received another marketing authorisation approval for Metformin tablets from Medicines Control Council (MCC) of South Africa. The council has approved Metformin tablets in 500 mg, 850 mg and ...
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CREDIT RATING
Canara Bank, ICRA sign MoU
Canara Bank has signed a memorandum of understanding with the ICRA Ltd for credit rating small and medium enterprises. A bank release said here that the MoU would facilitate extending comprehensive rating services to all the ...
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NEW PROJECTS
Hotel LeelaVenture wins bid for plot
The Mumbai-based Hotel LeelaVenture Ltd has won the bid for a plot for a hotel in New Delhi. The company is believed to have outbid several major hospitality and real-estate players with its Rs 611-crore bid for the three-acre plot on Africa ...
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SKF to invest Rs 150 cr in Uttarakhand plant
SKF India will be investing over Rs 150 crore in setting up a new manufacturing site in Haridwar, Uttarakhand. Situated over an area of 40,000 sq.m, the new bearing factory is likely to raise the existing ball bearing capacity by more than ...
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Philips sets up SAP centre in Bangalore
It will have 150 employees by the end of the year
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TRADE & LABOUR UNIONS
Workers protest movement of Tata Motors goods from HM plant
A "mild scuffle" broke out at the Hindustan Motors (HM) Uttarpara factory when a section of the striking workforce tried to prevent movement of vehicles carrying finished goods of Tata Motors, according to Ms Soni Shrivastav, General Manager, ...
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ALLIANCES & JOINT VENTURES
SAIL, NMDC, Rashtriya Ispat plan steel plant in Chhattisgarh
Project cost estimated at around Rs 15,000 crore
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Tie-up with Zuellig Pharma
The Hong Kong-based Zuellig Pharma, Asia's leading logistics service provider for the pharma industry, will soon sign a memorandum of understanding with Sical Logistics Ltd of Chennai for its India operations. It is expected that under the ...
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OUTLOOK
Sical Logistics plans repair yard for trucks at Nagpur
Sical Logistics, which expects land for its proposed rail and road terminal projects at Nagpur to be handed over next month, plans to put up a `maintenance, repair, overhaul' yard for commercial vehicles there. The yard will have space to park ...
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Nicholas Piramal targets 25% growth this year
Fourth quarter net profit declines 28%
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PVR plans Kolkata foray
The company is in talks with city-based Bengal Shelter Housing Development Ltd (BSHDL) to set up a six-screen multiplex in the upcoming Varnaparichay Mall in central Kolkata. "We are in talks with PVR Cinemas to set up a six-screen multiplex in ...
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PERFORMANCE
Reliance's petrochem business continues to underperform
Revenues remain flat in fourth quarter
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PEOPLE
Thulasidas may be made CMD of merged airline
The Chairman and Managing Director of Air India, Mr V. Thulasidas is likely to be the CMD of the new airline created by the merger of Air India and Indian. While the name of Mr Thulasidas has been proposed for the post of CMD, the chairman and ...
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Interim COO for Delhi airport
Delhi International Airport Ltd (DIAL), the private sector joint venture company mandated to modernise and run the Delhi airport, is to have a new Chief Operating Officer. In a statement DIAL has said that Mr Andrew Harrison is to takeover as ...
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TRENDS
Suzlon's 44 wind turbines shut down in Maharashtra
Local residents demand more money for their leased land
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