CORPORATE
ANNOUNCEMENTS
MM Forgings deploys ERP solution
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Ranbaxy’s Flomax for Canada
Ranbaxy Laboratories’ Canadian subsidiary has received marketing approval for the generic version of the benign prostatic hyperplasia (bhp) drug — Flomax. The Ontario based Ranbaxy Pharmaceuticals-Canada Inc will make and sell ...
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NEW BUSINESS
Puravankara wins Hi-Tech city bid
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PBA Infra active on order buzz
PBA Infrastructure, a Mumbai-based road construction company, has been active for the past one week on the market buzz suggesting that it has bagged road construction order in Uttar Pradesh worth Rs 300 crore.There has been no official ...
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RESTRUCTURING
ACC sells surplus assets for Rs 205 cr
Cement major ACC Ltd has sold some surplus assets, including land at Surajpur, Haryana, for Rs 205.11 crore. “The company has disposed of certain surplus assets including land at Surajpur, Haryana, for a consideration of Rs 205.11 ...
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MERGERS & ACQUISITIONS
Gujarat NRE Coke to complete Elouera buy soon
Kolkata, Nov. 21 Gujarat NRE Coke Ltd will complete the acquisition of the Elouera coal mine in Australia from BHP Billiton within the next one month. The mine, which is located south of Sydney, is being acquired through a group company for ...
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ACK Media buys Amar Chitra Katha, Tinkle brands
Mumbai, Nov 21 ACK Media, an entertainment and education company for young audiences, has announced the launch of the company and its acquisition of some of India’s popular comic and magazine brands – Amar Chitra Katha & Tinkle ...
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NEW PROJECTS
Total identifies 3 new projects for investments
Fresh investment plan by year-end likely
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Paramount Farms to set up pistachios unit
New Delhi, Nov. 21 Paramount Farms, California-based marketer of processed and packaged pistachios, said that it would invest around $6 million to set up operations in India that would include setting up of a manufacturing unit in the ...
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Hindalco plans to raise capacity
Hyderabad, Nov. 21 Hindalco Industries Ltd is poised to expand its brownfield plants while creating new greenfield projects aimed at taking the overall aluminium generation capacity to about 1.5-1.6 million tonnes per annum.This would ...
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OVERSEAS INVESTMENTS
ABG Engg to buy Italian co
Mumbai, Nov. 21 ABG Engineering & Constructions Ltd, an ABG Group Company, along with private equity fund Tano Capital has entered into an agreement to acquire Cemp SpA of Italy for an enterprise value of approximately $40 ...
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ALLIANCES & JOINT VENTURES
Emami, Kolkata art gallery tie up for auction house
Kolkata, Nov 21 The Rs 1,500-crore turnover personal care & health care products and healthcare major Emami Group has tied up with Chisel Crafts, the parent company of the Kolkata-based Aakriti Art Gallery, to set up eastern India’s ...
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Abhijeet Group inks pact with Thiess Leighton for coal mining
New Delhi, Nov. 21 Abhijeet Group, which has interests in core sector industries of power, steel, mining and ferro alloys, has signed an agreement with Australian firm Thiess Leighton India Pvt Ltd for the execution of a Rs 4,500-crore coal ...
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OUTLOOK
Vedanta keen to buy out Govt stake in Balco
Hyderabad, Nov. 21 Vedanta Resources is poised to make over Rs 13,000 crore investments in expanding its aluminium capacities in the country and is keen to buy out the Government stake in Bharat Aluminium Co Ltd located in Korba.The ...
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Kyndal to manufacture own liquor brands
Plans to float joint ventures for setting up distilleries
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VF Corp looking to introduce more brands in India
Apparel company VF Corporation, which has a joint venture with Arvind Brands, is evaluating the possibility of bringing in more lifestyle brands from its global portfolio into India. While VF Corp has 15 core brands globally, the VF Arvind ...
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New pharma regulations open up biz to Spectrum
Chennai, Nov. 21 Spectrum, a division of the Chennai-based biopharmaceutical company ABL Biotechnologies Ltd, is looking at business opportunities offered by the new regulatory environment in the pharmaceutical industry.At a press ...
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Yachiyo of Japan plans Indian subsidiary for plastic fuel tanks
New Delhi, Nov. 21 Japan-based Yachiyo Industry Co, which is involved in production and sales of automobiles and automobile parts, is planning to establish a subsidiary in India for manufacturing plastic fuel tanks for passenger cars and ...
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