CORPORATE
RESEARCH & DEVELOPMENT
ClinTec readying clinical research training plan
To launch courses for full-fledged degree from UK varsities
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ANNOUNCEMENTS
Essar’s delay in rig deployment hits GSPC’s exploration plan
Rigs likely to be available in Feb
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NEW BUSINESS
BHEL bags Rs 866-cr Reliance order
New Delhi, Jan 22 Equipment major Bharat Heavy Electricals Ltd (BHEL) on Tuesday said it has bagged a Rs 866-crore order from Reliance Industries for setting up a 345-MW captive power plant in Maharashtra. “Reliance Industries has ...
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Reliance Energy-CAF team bags Delhi metro link project
New Delhi, Jan 22 A consortium comprising Reliance Energy and Spanish rolling stock firm CAF has bagged the project to operate and manage a 22.7 km metro rail link between New Delhi city centre and international airport for 30 years. The total ...
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COMPANY LAW
CLB holds Essel Group stake in UNI ‘null and void’
New Delhi, Jan. 22 The Company Law Board (CLB) has held the transfer of unsubscribed shares of news agency UNI to Media West, a firm promoted by Mr Subhash Chandra’s Essel Group, as ‘null and void’ on the grounds that the ...
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AWARDS & HONOURS
Award for Bharat Dynamics
Bharat Dynamics Ltd (BDL) has bagged the Golden Peacock Innovation Award 2007. The Hyderabad-based company under the Ministry of Defence is involved in adoption of robust design features and utilising hybrid circuit technology in various ...
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FINANCIAL INSTITUTIONS
GMR board meet on Jan 30
The board of directors of GMR Industries Ltd would meet on January 30 to consider a proposal for rights issue and unaudited financial results for the third quarter, the company informed the Bombay Stock Exchange (BSE). — Our ...
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MERGERS & ACQUISITIONS
NBC picks up 26% in NDTV Networks
New Delhi, Jan. 22 The American media giant NBC Universal is investing $150 million to pick up 26 per cent stake in NDTV Networks, the overseas subsidiary responsible for New Delhi Television’s entertainment and lifestyle channels and ...
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NPIL acquires Healthline’s pharma biz
Nicholas Piramal India Ltd (NPIL) has entered into an agreement with Healthline Private Ltd (HLPL) to acquire its pharmaceuticals business for a consideration of Rs 15 crore. Mr Ajay Piramal, NPIL’s Chairman said in a company statement that ...
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NEW PROJECTS
Tata Ryerson setting up facility in Singur vendors’ park
Kolkata, Jan 22 Tata Ryerson Ltd, which has been chosen as the sole supplier of six components for the Nano small car, is setting up a manufacturing facility at the vendors’ park in Singur at an estimated investment of Rs 100 crore. ...
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Endurance setting up plant in Tata vendor park in Singur
Mumbai, Jan. 22 The Aurangabad-based Endurance Group is setting up a manufacturing facility in Singur to supply auto components to Tata’s Nano. In the first phase, components supplied would be 2-2.5 per cent parts of the just unveiled ...
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JCB India allots Rs 300 cr for Haryana plant
New Delhi, Jan. 22 JCB India, a fully owned subsidiary of UK-based JC Bamford Excavators Ltd, has announced that it would be investing Rs 300 crore to double the capacity at its Ballabgarh plant in Haryana. “The company is ...
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Piaggio entering 2-wheeler market
Setting up plant in Baramati, Maharashtra
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OVERSEAS INVESTMENTS
OVL may be allowed to acquire stake in Venezuela’s oil field
New Delhi, Jan. 22 An Empowered Committee of Secretaries (ECS) headed by Petroleum Secretary, Mr M. S. Srinivasan, is understood to have recommended allowing ONGC Videsh Ltd (OVL) to acquire stake in Venezuela’s San Cristobal oil-field. ...
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Tata Motors inks deal with Chrysler electric vehicle unit
To enter US market with electric Ace
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ALLIANCES & JOINT VENTURES
Powertronics to sell Hycon products
The Thrissur-based Hykon India Pvt Ltd, has signed a memorandum of understanding with the Pune-based Powertronics for marketing and distribution of its solar heaters and lighting products in Western India. Talking to presspersons, Mr Christo ...
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RSWM in pact with ITG unit
RSWM Ltd, which is part of the LNJ Bhilwara Group, has entered an agreement with the Cone Denim unit of International Textile Group to develop and market denim fabrics, the company said in a statement here. Cone Denim would develop and design the ...
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SOCIETY & DEVELOPMENT
Tata Chem unit launches BPO
Mumbai, Jan 22 Tata Chemicals said its social services unit has started a pilot BPO called ‘UDAY’ at Mithapur where the company’s own facilities are located.Tata Chemicals’ Society for Rural Development has set ...
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VENTURE CAPITAL
Rreef enters Indian real estate sector with $70-m investment
Bangalore, Jan. 22 Rreef, the global alternative investment management business of Deutsche Bank, has made its entry into the Indian real-estate sector with an investment of $70 million (Rs 273.5 crore). Rreef would be taking an undisclosed ...
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OUTLOOK
EMRI plans call centres and expansion
Ahmedabad, Jan. 22 The Hyderabad-based Emergency Management Research Institute (EMRI), a non-profit organisation providing integrated emergency services in Andhra Pradesh and Gujarat, is set to expand across India by 2010 and employ one lakh ...
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PEOPLE
Award for Apollo, Hyderabad
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New president for Indiabulls
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