CORPORATE
NEW BUSINESS
PSL wins another order from GAIL
Mumbai, June 12 Pipe manufacturer PSL Ltd said on Wednesday that it has been awarded a fifth consecutive order from GAIL India for supply of coated line pipes valued at Rs 1,928 crore. The order is for the Vijaipur-Dadri-Bawana Pipeline ...
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Permionics bags Vizag Steel order
The Vadodara-based Permionics Membranes Private Ltd has bagged yet another order worth Rs 25.89 crore from Rashtriya Ispat Nigam Ltd (RINL) for the sewage treatment plant and associated reverse osmosis membranes system to produce recycled and ...
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Rs 117-cr orders for Metso
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MERGERS & ACQUISITIONS
Ranbaxy buy may hit generic drugs supply
‘Will the aggressive strategy continue under Daiichi Sankyo?’
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Why Ranbaxy Labs stock is falling?
Low acceptance ratio, capital gains tax disfavour buying
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NEW PROJECTS
IOC plans mini liquefaction plants to exploit gas from marginal fields
Company examining various viability options
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TI Cycles launches ebikes
Tube Investments of India (TII), part of the Murugappa Group, today announced their venture into the eBikes segment. Mr M.M. Murugappan, Chairman, TII, inaugurated the eBikes factory at Ambattur, with a production capacity of 100 BSA-branded ...
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Farnell Electronics to establish innovation laboratory
Bangalore, June 12 Farnell Electronics, the Indian subsidiary of the UK-based global electronic and engineering components distribution company Premier Farnell, will invest Rs 20 crore by 2011 in its Indian operations to set up a bonded ...
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SRF commissions wind project
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OVERSEAS INVESTMENTS
IFGL Refractories to buy German co for €7 m
Kolkata, June 12 IFGL Refractories Ltd (IFGL) has entered into an “in-principal agreement” for purchase of 96.16 per cent of the share capital of Hofmann Ceramic GmbH, Germany – including its subsidiaries Hofmann Ceramic CZ, ...
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Consolidated Const to pick up 40% stake in Dubai firm
Chennai, June 12 The Chennai-based Consolidated Construction Consortium Ltd is set to take a 40 per cent stake in Innotech Construction LLC of Dubai.CCCL has informed the stock exchange that it has entered into a ‘strategic and ...
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ALLIANCES & JOINT VENTURES
Arvind brand portfolio plans scupper Diesel jt venture
Bangalore, June 12 Arvind Mills says its joint venture with Diesel was restricting its growth plan to build a large portfolio of brands in the country, which prompted it to call off the joint venture with the Italian denim and casual wear ...
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EVENTS
Stamp of honour
The Minister for Communications &IT, Mr A. Raja with the CMD, L&T, Mr A. M. Naik, releasing a stamp of Henning Holck-Larsen, Co-Founder, L&T, in the Capital on Thursday. ...
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OUTLOOK
General Motors developing gas variants for 3 models
Mumbai, June 12 General Motors India is working on LPG and CNG variants for at least three models. The CNG and LPG experiments are being carried out on the compact car Chevrolet Spark; upper premium compact segment car Chevrolet Aveo ...
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Nippo Batteries’ joint venture still open-ended
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L&T increasing global play to hedge market risk
New Delhi, June 12 Engineering major Larsen & Toubro Ltd hopes to ride out the economic slowdown concerns and inflationary pressure in the domestic market by stepping up its international operations. Maintaining a revenue growth guidance ...
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PERFORMANCE
Hyundai i10 exports cross 1 lakh units
New Delhi, June 12 Hyundai Motor India Ltd said that sales of its newly-launched compact car i10 touched 1,06,749 units in the overseas markets. The company said that it sold i10 in 98 countries in less than seven months of the launch. ...
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