CORPORATE
CORPORATE DISPUTES
Reliance Comm-MTN merger talks could be in trouble
Mukesh Ambani seeks first right to RCom’s shares; younger Ambani rejects claim
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NEW BUSINESS
PSL Ltd bags Rs 123-cr order
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ESOPS
Biocon to raise ESOP bar, limit to senior levels
Recasting wages, incentive plan
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TAXATION
GMR airport gets extension of VAT relief
Though operational, all facilities are not yet ready: Promoters
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RESTRUCTURING
Whyte & Mackay sees a turnaround
UB Group restructures co’s domestic, international operations
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Volvo reorganises biz structure in India
Leblanc moving to Malaysia to head co’s joint venture with Nissan-Renault
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MERGERS & ACQUISITIONS
Ranbaxy shares up on buzz of Pfizer interest
Could Pfizer’s interest in holding onto its block-buster cholesterol drug Lipitor drive the US-based drug major to make counter predatory moves on Ranbaxy? And this, just days after Ranbaxy’s promoter family sold out its entire ...
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Esmark rejects Severstal offer of $17/share
Essar Steel ahead in race; Severstal has 10 days to raise offer
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Global uncertainty hits M&A deals
Mumbai, June 13 Uncertainty in global financial markets seems to have dented merger and acquisition deals in India. For the first five months of 2008 there were only 215 M&A deals valued at Rs 57,372 crore ($13.66 billion) against ...
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NY Times picks 5% in DCHL arm
The New York Times Company owners of the International Herald Tribune has proposed and is in discussion to acquire a 5 per cent equity stake in Sieger Solutions Ltd, a 100 per cent subsidiary of Deccan Chronicle Holdings Ltd (DCHL). ...
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Esmark files charge against union
Mumbai, June 13 Esmark, which is the target of acquisition by Essar Steel and Russia’s Severstal, has filed a charge with National Labour Relations Board, against the United Steelworkers Union, which had stated that it had the right to ...
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NEW PROJECTS
SAIL to set up three steel processing units
New Delhi, June 13 The Steel Authority of India Ltd (SAIL) is setting up three steel processing units (SPU) in Madhya Pradesh for manufacturing various types of steel items used by the construction industry.The foundation stone for the ...
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JSW Steel plans to expand capacity
JSW Steel Ltd, part of the Rs 8,000-crore O. P. Jindal Group, is planning to invest Rs 80,000 crore to add a 20 million tonnes capacity. With this, it plans to emerge as a 32 million tonnes a year capacity steel major by 2020, a company ...
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Deccan Cements embarks on Rs 432-cr expansion plan
Hyderabad, June 13 Deccan Cements Ltd (DCL) has embarked upon an expansion plan for increasing its manufacturing capacity from the current 6.5 lakh tonnes a year to two million tonnes with an investment of Rs 432 crore. A part of the ...
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Rane Brake opens new facility
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ALLIANCES & JOINT VENTURES
Philips eyes ‘affordable’ medical systems biz, scouting for partner
Kolkata, June 13 As part of its desire to be present at “all price points” of the medical systems business, Philips Electronics India Ltd is open to the idea of entering into alliances and joint ventures with local partners here ...
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DIVERSIFICATION
Uttam Galva to set up 60-MW plant
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RIGHTS ISSUE
Hindalco to consider rights issue
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OUTLOOK
Quick N Safe plans hubs in northern, southern regions
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Taj SATS looking at newer revenue streams
Investing significantly to expand presence
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Volvo India, Eicher venture looks to pump up sales
Volvo looks at financial services in India on basis of growth expectations
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PEOPLE
H.S. Goindi to head TVS Motor sales
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