CORPORATE
RESEARCH & DEVELOPMENT
Renault-Nissan’s R&D centre to work on cars for global markets
Product development, India-specific car on the anvil
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ANNOUNCEMENTS
Electrotherm launches new battery-run two-wheeler
Ahmedabad, Sept. 11 Electrotherm (India) Ltd, one of the pioneers in battery-run electric two-wheelers in the country, has introduced a new model here, YoSpeed, the country’s first vehicle in the 750-watt category approved by the ...
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VSP striving to get captive iron ore mines
Visakhapatnam, Sept. 11 The Visakhapatnam Steel Plant is striving to get captive iron ore mines as the plant is in the expansion mode, and has approached Orissa, Chhattisgarh and others, but the States are insisting on value-addition at the ...
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Sharp starts solar biz; open to production in India
New Delhi, Sept. 11 Sharp Business Systems on Tuesday announced the launch of its solar business in India. The Japanese firm, a leader in solar technology, aims to capture over 20 per cent of the Rs 600-crore domestic market by 2010. ...
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Natco launches cancer drug
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NEW BUSINESS
NCCL bags Rs 272-cr orders
Hyderabad-based Nagarjuna Construction Company Ltd (NCCL) has announced that it has bagged new orders totalling Rs 272 crore. Out of this, the major orders comprise a project for construction of shell and core in the SEZ Infocity in Hyderabad for ...
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HUMAN RESOURCES
‘Hiring to gather pace’
Bangalore, Sept. 11 Hiring trend in the country continues, cheering prospective job seekers as it holds big hope for them to be placed across all industries in the coming quarter too. In a study of 4,922 employers across seven sectors ...
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RESTRUCTURING
Grasim sets up new subsidiary
Mumbai, Sept. 11 Grasim Industries Ltd of the Kumar Mangalam Birla group announced the incorporation of the new subsidiary Grasim Bhiwani Textiles Ltd on the BSE. Grasim proposes to sell or transfer its textile units Bhiwani Textile ...
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MERGERS & ACQUISITIONS
SAIL chief for merger with Rashtriya Ispat
Kolkata, Sept. 11 The Chairman & Managing Director of SAIL, Mr S.K. Roongta, today presented a favourable case for the merger of Rashtriya Ispat Nigam Ltd (RINL) with Steel Authority of India Ltd. Addressing members of the ...
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NEW PROJECTS
Cairn working on expanding Mangala development proposal
Govt clears pipeline plan
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Tata Motors’ Dharwad bus plant gets State nod
Rs 3,000-cr investment in three phases
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Five years after entry, SAB Miller posts profit
Foster’s gaining market share
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Smart Village planned in Kochi
Malayalle Realtors India Pvt Ltd has proposed to set up Smart Village in 55 acres of land at Manjapra near Nedumbassery. The project to be developed at a cost of Rs 500 crore will have premium villas, row houses, apartments, studio apartments in ...
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OVERSEAS INVESTMENTS
Bharat Fritz Werner sets up arm in Germany
Bangalore, Sept. 11 Machine tool company Bharat Fritz Werner today announced the setting up of a wholly owned subsidiary in Germany with the objective of expanding its export market and using the gateway for strategic alliances with vendors ...
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Jindal venture gets Bolivian Parliament nod
New Delhi, Sept. 11 The joint venture agreement signed between the Bolivian Government and Jindal Steel and Power Ltd (JSPL) to develop the El Mutun iron ore mines has cleared the first step with the Bolivian Chamber of Deputies giving its ...
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REGULATORY BODIES & RULINGS
Sun to sell generic protonix in US
Mumbai, Sept. 11 Sun Pharmaceutical Industries Ltd is evaluating the launch options for its generic version of heart-burn medicine pantoprazole in the US market. The Mumbai-based drug company said this following the final approval it received ...
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IMPACT
Opportunity knocks for Sun Pharma?
Gets access to $2 billion market
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DIVERSIFICATION
Petronet may seek board nod for power plant at Dahej
Looking for long-term LNG supplier
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OUTLOOK
Oil India appoints lead managers for planned IPO
Kolkata, Sept. 11 Oil India Ltd (OIL) has appointed HSBC, JM Morgan Stanley and Citibank as lead managers of its proposed initial public offering (IPO).The company has also approached the Petroleum Ministry for early appointment of ...
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Shell may open CNG, LPG outlets for vehicles in Gujarat
Ahmedabad, Sept. 11 Shell India Marketing Private Ltd (SIMPL), a 100 per cent subsidiary of Shell India Pvt Ltd, is likely to introduce CNG and LPG fuel stations for vehicles in Gujarat, its Managing Director and Retail General Manager, Mr ...
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AMW plans presence across CV segment
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SPS Steel investing Rs 450 cr more in Orissa unit
Plans IPO in 2008 for raising Rs 1,200 cr
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‘Concession pact for Kochi LNG terminal by month-end’
Petronet LNG waiting for the formal agreement to start work
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Honda Siel gearing up to introduce hybrid cars
Working with SIAM for homologation rules
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Al Batterjee Group’s India plans
Bangalore, Sept. 11 Saudi Arabia-based Al Batterjee Group plans to foray into information technology and hospitality sectors in Bangalore, said Sheikh Mazen Mohammed Batterjee, Vice-Chairman of the group. Sheikh Mazen said $100 million will be ...
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PEOPLE
Alstom appointment
Alstom on Tuesday announced the appointment of Mr Emmanuel Colombier as Managing Director and Vice-Chairman of Alstom Projects India Ltd. Mr Colombier, who takes over from Mr Frederic Lalanne, has been with Alstom for the past 18 years. Prior to ...
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