CORPORATE
MODERNISATION
‘Recast tech fund scheme will trigger investments’
Coimbatore, Nov 2 The Centre has finally come out with the revamped technology upgradation fund scheme (TUFS). The restructured TUFS provides sector-specific thrust that includes encouraging new investments in technical textiles, ...
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ESOPS
Valuing options
Stock options — invented in the US some time back — were regarded as the next best thing to happen to an eligible employee. The software sector set the trend rolling by making millionaires of ordinary mortals although there is ...
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AWARDS & HONOURS
Rashtriya Ispat Nigam honoured
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COURTS/LEGAL ISSUES
Harshad Mehta’s RIL shares: Court defers sale
Mumbai, Nov. 2 The Special Court trying the 1992 securities scam has deferred the sale of 24 lakh Reliance Industries shares belonging to the estate of the late Harshad Mehta and has asked the custodian to have a re-look at the modalities of ...
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MANAGEMENT
‘Clear vision necessary for business leaders’
Mangalore, Nov. 2 Effective business leaders should have clear vision and they should dream high, according to Mr Kushal Jain, Managing Director of Apar Group of Industries, Mumbai. Inaugurating ‘Ettin 2007’, the ...
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RESTRUCTURING
Fiat sells Kurla property to IKG for Rs 608 cr
Mumbai, Nov 2 Fiat India Pvt Ltd on Friday said it had sold its 53-acre Kurla property to IKG Associates, an IL&FS-affiliated entity, for Rs 608 crore.The company said that the sale was in continuation of the ongoing consolidation ...
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MERGERS & ACQUISITIONS
Finance Ministry opposes writing off BHPV’s loans
Merger with BHEL likely to be delayed
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Easun Reyrolle eyeing buys in power biz
For transmission, distribution products
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NEW PROJECTS
Dr Batra’s clinic in Mangalore
Dr Batra’s Positive Health Clinic Pvt Ltd, the homeopathic healthcare corporate, opened its 53rd clinic in the country and first in Mangalore on Friday. Addressing presspersons here, Dr Akshay Batra, Deputy Managing Director, said that more ...
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Grover plans winery in Sangli
To invest Rs 30 cr; sparkling wine launch next fiscal
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ALLIANCES & JOINT VENTURES
Tatas in pact with Fiat group chief’s co
New Delhi, Nov 2 The Tatas and Fiat Group Chairman are cushioning their association with a partnership in designer leather and home accessories. The Fiat Chairman, Mr Luca Cordero di Montezemolo, told Business Line at an ...
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M&M to form joint venture with Navistar
Manufacturing engines for medium, heavy CVs
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MDL Energy signs pact with US co
MDL Energy Pvt Ltd, an EPC contractor in the petroleum and marine engineering space, has announced the signing of an agreement with NYSE-listed US firm Superior Energy Services Inc (SESI). The co-operation agreement is slated to be converted to a ...
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Metropolis, Star Clinics tie up
Chennai, Nov. 2 Metropolis Health Services, a chain of diagnostic centres with a presence across the country, has tied up with Star Clinics, a primary healthcare clinic chain present in Kerala and Tamil Nadu, to set up labs/sample collection ...
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VENTURE CAPITAL
Trivitron gets $11 m private equity investment
Chennai, Nov 2 Trivitron Medical Systems, a company that sells hi-tech medical diagnostic equipment such as scanners, today announced a $11-million private equity investment in the company jointly by HSBC Private Equity (Asia) Fund and ePlanet ...
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STANDARDS & BENCHMARKS
Honour for BHEL, Tiruchi
Bharat Heavy Electricals Ltd (BHEL), Tiruchi, has won the Confederation of Indian Industry (CII) – EXIM Bank Commendation Certificate for its significant achievement on the Journey Towards Excellence for the year 2007. This is the eighth ...
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OUTLOOK
Apollo Hospitals expansion plan
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Hind Unilever draws new growth strategy
For strengthening presence in processed foods segment
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PEOPLE
New NMDC chief takes over
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