CORPORATE
ANNOUNCEMENTS
Rs 65 cr for Indian Rare Earth unit
Manavalakurichi unit of Indian Rare Earth Ltd (IREL) in Kanyakumari district has been allotted Rs 65 crore by the Central Government for its modernisation programme. According to Mr S. Sivasubraanian, Chairman-cum-Managing Director, IREL, the ...
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NEW BUSINESS
RPP Constructions gets SIMA textile park contract
Coimbatore, Oct. 2 The preliminary engineering works contract for the Southern India Mills Association (SIMA)-promoted textile processing park project at Cuddalore SIPCOT industrial estate has been awarded and the work has commenced, according ...
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AWARDS & HONOURS
Nalco bags Capexil award
National Aluminium Company Ltd (Nalco) has received the top export award of Capexil, under processed minerals category, for the year 2006-07. The company’s Chairman-cum-Managing Director, Mr C.R. Pradhan, has received the award on behalf of ...
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MERGERS & ACQUISITIONS
Funds pick up stake in Camlin
Notz Stuki Et&Cie SA A/C Aruna Fund and Comgest Growth Plc A/C Comgest Growth India bought six lakh shares each in Camlin Ltd. Both the companies now have 10 per cent stake each in the company as per the data available on the BSE. ...
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PVP stake in Telephoto at 11.16%
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NEW PROJECTS
Cobra Beer’s 2 greenfield units to be operational by end-2008
New licensing pacts with breweries signed
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TCL India plans production unit by 2010
New Delhi, Oct. 2 TCL India Holdings Pvt Ltd, a wholly owned subsidiary of Chinese television manufacturing major TCL group, has said it would set up its greenfield unit in Noida by 2010, even as it plans to extend its product line to small ...
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Mainetti India’s unit near Chennai
Mainetti India, a wholly owned subsidiary of global player in garment hanger designing and manufacturing Mainetti Group, has set up a manufacturing facility at Sriperumbudur. The Rs 35-crore, 29,000-sq. ft facility set up in nine acres is the ...
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DIVERSIFICATION
Reliance Retail looking at finance, insurance, travel
May float 3 independent entities
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OUTLOOK
Canada’s Cubex keen to make India hub for maintenance operations
Plans fixed base operations for corporate jets
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PEOPLE
New Nalco director
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