CORPORATE
COMPANY LAW
Meet on Competition Act highlights industry concerns
Mumbai, Feb. 6 Cartels and monopolies do exist in the Indian economy in various sectors, Mr Prem Chand Gupta, Union Minister of Corporate Affairs, said while addressing a conference on the Competition Act organised by the Bombay Chamber of ...
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MANAGEMENT
A patriarch in winter
Samprada Singh of Alkem Laboratories believes in family values, and he treats his employees as one big family!
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IPR
Glenmark gets $15-m milestone payment from Forest
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NEW PROJECTS
IOC may seek board’s nod for Rs 5,000-cr Haldia paraxylene plant
Paradip-Haldia pipeline may function in 3 weeks
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Yushiro Chemical Industry plans new subsidiary in India
New Delhi, Feb. 6 Japan-headquartered Yushiro Chemical Industry, a manufacturer of metalworking fluids, is planning to set up a wholly-owned subsidiary in India with a view to further expand its business with clients such as Toyota Kirloskar ...
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Narayana Health City to expand to other States
Kiran Mazumdar joins board; AIG, JP Morgan pump in Rs 400 cr
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Jupiter Solar setting up photovoltaic plant in Himachal, Bengal
Jupiter Solar Power Ltd, a 100 per cent subsidiary of IT hardware and consumer electronics distributor Jupiter International Ltd, is setting up photovoltaic solar cell manufacturing facilities in Himachal Pradesh and West Bengal at an ...
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Everest Ind starts production from new unit
New Delhi, Feb. 6 Everest Industries Ltd has announced that it has commenced production from its new Rs 120-crore facility near Haridwar in Uttarakhand and is targeting an overall sales of Rs 1,000 crore by 2010.According to Mr Manish ...
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OVERSEAS INVESTMENTS
Natco Pharma buys pharmacy store in US
Hyderabad, Feb. 6 Natco Pharma Ltd has acquired Newark Drugs, a retail pharmacy store based in Newark, New Jersey in the US. This is the third acquisition that the company has made since 2006, the first two being Nicks Drugs and SaveMart ...
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ALLIANCES & JOINT VENTURES
Glitnir Bank in pact with Bhilwara Energy
New Delhi, Feb. 6 Glitnir Bank, a Nordic bank, on Wednesday announced that it would take a 40 per cent stake in a joint venture with Bhilwara Energy Ltd to build geothermal power plants in India and Nepal. The Reykjavik-headquartered ...
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SCI to invest $800 m in shipyards
Shipping Corporation of India is likely to invest $600 million to $800 million in shipyards, said Mr Umesh Grover, Director, Technical and offshore services, on the sidelines of India Maritime Summit-2008 organised by CII on Wednesday. ...
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Uppal Group signs pact with QVC Realty
New Delhi, Feb.6 Real estate developer Uppal Group, on Wednesday announced signing of a 50:50 joint venture agreement with Bangalore-based QVC Realty, which is an IL&FS controlled realty firm.The joint consortium would develop a 150 ...
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VENTURE CAPITAL
Sage Capital to raise $200 m for Value Fund
Mumbai, Feb. 6 Private equity firm, Sage Capital Fund Management is planning to raise $200 million for Sage Capital Value Fund. The fund will focus on special situations such as tactical acquisitions of businesses or assets with the potential ...
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DIVERSIFICATION
Reliance plans big for realty; goes headhunting
Mumbai, Feb. 6 Reliance Industries looks all set to enter the realty space in a big way.Mukesh Ambani’s $27-billion corporate house has called for project managers, project architects, project and design engineers for its real ...
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KCP diversifying into hospitality sector
Expanding existing cement, foundry biz
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OUTLOOK
Eicher CVs to be equipped with Volvo engines
Volvo planning to launch Nissan diesel trucks in 2009
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