CORPORATE
OVERSEAS BORROWINGS
Lanco Infra gets $150 m IFC credit for power projects
Lanco Infratech Ltd has secured a $150-million line of credit from IFC, Washington, recently that will help the company part finance some of the power projects at various stages of execution.In Lanco Amarkantak, a 600-MW project now ...
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HUMAN RESOURCES
Areva T&D to invest Rs 700 cr in 3 greenfield units
Plants to come up in Gujarat, TN
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Tata Motors sets up learning centre in Hyderabad
Hyderabad, May 21 The Passenger Car division of Tata Motors has launched Tata Motors Learning Centre (TMLC) in Hyderabad. The Centre will provide basic training in automobiles, required by service personnel at dealerships and service centres. ...
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RESTRUCTURING
Lanco Infra set to restructure operations
To create 3 sub-holding companies
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OVERSEAS INVESTMENTS
Ranbaxy begins operations in Yemen
New Delhi, May 21 Pharma-major Ranbaxy Laboratories Ltd on Wednesday said it has commenced its operations in Yemen, strengthening its presence in the West Asian region. Ranbaxy has tied up with Pharma Ltd (Natco) as business partners ...
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Emmsons plans subsidiaries abroad
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REGULATORY BODIES & RULINGS
Dabur Pharma gets FDA nod for prostrate cancer drug
New Delhi, May 21 Oncology drug maker Dabur Pharma Ltd announced that the US Food and Drug Administration (USFDA) has granted final approval to the company’s Abbreviated New Drug Application (ANDA) to market its generic version of EMD ...
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ALLIANCES & JOINT VENTURES
Mumbai realty co signs pact with Malaysian firm for cybercity
Mumbai, May 21 The Mumbai-based Sunil Mantri Realty Ltd has signed a memorandum of understanding with MSC Cyberport Sdn. Bhd for development, construction, marketing and funding of Bandar MSC Cyberport, the first Malaysia cybercity in Kulai, ...
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NPCIL venture with L&T
Nuclear Power Corporation of India Ltd is likely to create a joint venture with L&T, for forgings. Talking to reporters on Wednesday, Mr S. Thakur, Executive Director (Corporate Planning) of NPCIL, said since forging companies have more work ...
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Rohit Ferro-Tech inks pact with Indonesian co
Kolkata, May 21 Ferro chrome, ferro manganese and silico manganese company Rohit Ferro-Tech Ltd (RFTL) has entered into a memorandum of understanding with the Pacific Samudra Perkasa Group of Indonesia to acquire 60 per cent of the ...
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DIVERSIFICATION
Bosch to focus more on non-auto sector
Increased sales from power tools, security systems likely
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GMR Infrastructure entering corporate jet business
Will be investing Rs 800 crore
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Shilp Gravures diversifies; acquires A Consultant
Ahmedabad, May 21 The Ahmedabad-based Shilp Gravures Ltd (SGL), engaged in high precision electronically engraved rollers for gravure printing industry, on Wednesday announced diversification by acquiring the Vadodara-based A Consultants, ...
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Clair Tech enters compact fluorescent lamps biz
Clair Technology (India) Ltd, a closely-held company and part of a group with interests in power, hospitality and electronics sectors, has announced a foray into energy-efficient lighting solutions, with the launch of compact fluorescent ...
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OUTLOOK
IndianOil seeks nod to raise borrowing limit to Rs 80,000 cr
New Delhi, May 21 Indian Oil Corporation Ltd has sought shareholders approval for increasing its borrowing limits, both domestic and foreign, to Rs 80,000 crore for meeting its working capital requirement and capital expenditure programme. ...
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PEOPLE
ArcelorMittal announces India leadership team
Mumbai, May 21 ArcelorMittal has announced its senior leadership team for India.Mr Vijay Bhatnagar takes up the new position of Country CEO for India. He has ultimate responsibility for all of the company’s operations and projects ...
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K. Ranganath is new Kudremukh CMD
Mr K. Ranganath, Director (Marketing), Coal India Ltd, has been appointed Chairman cum Managing Director of Bangalore-based of Kudremukh Iron Ore Ltd, which is a Schedule ‘A’ Public Sector Unit under the Ministry of Steel. Mr ...
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