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Tuesday, August 26, 2008
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NEW PROJECTS: Buddhadeb ready for talks over Tatas’ Singur unit
Mamata rejects talks offer; warns of agitation spreading. Kolkata, Aug. 25 The West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, on Monday wrote a letter to the Trinamool Congress Chief, Ms Mamata Banerjee, inviting her for direct talks ...

MERGERS & ACQUISITIONS: Indian cos on buying spree in UK, Europe
London seen as the ‘correct gateway’. India now ranks among the first five largest investors in British companies and equities, spearheaded by the Tatas, who made ambitious purchase of Jaguar and Land Rover auto ...

ANNOUNCEMENTS: Biological Evans, Panacea get Govt nod for injectible polio vaccines
Approval for marketing the product in retail market. Mumbai, Aug. 25 Injectible polio vaccines may not yet be on the national immunisation programme, but local drug-makers Biological Evans (BE) and Panacea Biotec seem to have got off the ...

NEW PROJECTS: Milton brand maker scripts writing instruments foray
To manufacture gel, ball-point pens range. Mumbai, Aug. 25 The Rs 400-crore Mumbai-based Hamilton Housewares, makers of the Milton thermoware brand, is diversifying into writing instruments under the brand name — Claro. It would be ...

ALLIANCES & JOINT VENTURES: Kerala SIDCO in marketing tie-up with SRMB Udyog
The Kerala Small Industries Development Corporation (SIDCO) has signed a memorandum of understanding with SRMB Udyog Ltd, leading manufacturer of TMT bars in the secondary market, for marketing the latter’s products in the ...

OUTLOOK: NHPC eyes carbon trading revenues to boost topline
Two projects get host country approval. New Delhi, Aug 25 NHPC Ltd, the country’s largest hydro power generator that is gearing up for a public float in October, is aggressively looking at carbon trading revenue streams to boost topline ...

ANNOUNCEMENTS: Tata Metaliks gets mining licence
Pig iron manufacturer Tata Metaliks has obtained a prospecting licence for iron ore mining in Maharashtra, according to Mr Harsh K. Jha, Managing Director, Tata Metaliks Ltd. The company will commence prospecting work within the next three ...

PERFORMANCE: Marriott’s India operations outpacing US, Asia
Deals to operate 24 more hotels here signed. Mumbai, Aug. 25 India has outpaced both US and Asia in terms of growth for the $20-billion US-based hospitality giant Marriott International Inc. ...

OUTLOOK: Tata Motors plans to launch next gen Indigo, Safari
New Delhi, Aug. 25 Tata Motors has chalked out plans to launch an array of next generation models for the domestic market, with simultaneous strategy to boost the presence of its newly acquired brand Land Rover in different parts of the ...

COURTS/LEGAL ISSUES: ‘Emami looking forward to partnering Zandu’s existing promoters’
CLB interim order on stand-off likely. Kolkata, Aug. 25 The Company Law Board is expected to pronounce an interim order on the standoff between the Zandu Pharmaceutical Works and Emami Ltd after Emami and its associates bought out the ...

NEW PROJECTS: Problems in equipment supply may hit SAIL expansion
‘Order books of equipment suppliers overbooked’. Chennai, Aug. 25 Steel Authority of India Ltd, the country’s largest steel producer, has expressed concern over likely delays in its expansion projects due to problems in ...

NEW PRODUCTS & SERVICES: Britannia launches 5 grain biscuit
New Delhi, Aug 25 Britannia has launched a ‘5 Grain’ biscuit under the NutriChoice brand which it believes is the healthiest substitute for in-between meal cravings. ...

OUTLOOK: Hyundai Construction to expand its footprint in southern India
Kochi, Aug. 25 Hyundai Construction Equipment India (HCEIL) Pvt Ltd, a wholly-owned subsidiary of Hyundai Heavy Industries, Korea, is all set to expand its footprint across South India. It has opened its South Regional Office at Hyderabad to ...

NEW PROJECTS: Tata Motors setting up another test track near Pune
Mumbai, Aug. 25 Tata Motors is planning to invest Rs 400 crore for setting up an international standard test track near Pune. ...

NEW PROJECTS: JCB inaugurates Tech Training Centre
Pune, Aug 25 Construction equipment manufacturer JCB has set up a modern JCB Parts and Technical Training centre, at Talegaon near Pune. It was inaugurated by Mr Matthew Taylor, CEO, JC Bamford Excavators Ltd, on Monday. ...

OVERSEAS INVESTMENTS: Essar Oil arm to bid for more Australian blocks
Kolkata, Aug. 25 Essar Exploration and Production Ltd – a wholly owned subsidiary of Essar Oil – may bid for more oil and gas blocks in Australia during the forthcoming bidding round later this year. ...

ALLIANCES & JOINT VENTURES: Titan Energy in long-term pact with US co Suniva
Hyderabad, Aug. 25 Titan Energy Systems Ltd has entered into a $480-million, long term supply agreement (up to 2013) with US-based ...

ANNOUNCEMENTS: ONGC notifies 4 new discoveries; Rs 450-cr investment okayed
New Delhi, Aug. 25 The board of ONGC on Monday, while taking note of four new oil and gas discoveries, approved an investment of about Rs 450 crore to enhance its exploration and production ...

MERGERS & ACQUISITIONS: Fortis plans to acquire hospital by September
New Delhi, Aug 25 Fortis Healthcare Ltd will acquire a hospital by September as part of its expansion strategy to have a chain of 40 hospitals over the next three ...

PEOPLE: New President for Avantha Group
Avantha Group, a company with presence in more than six diverse business verticals has announced the appointment of Mr Ash Gupta as President – Group Strategy and Business Planning. Mr Gupta joins from Honeywell India where he was President ...

SOCIETY & DEVELOPMENT: HPCL computer literacy project
Hindusthan Petroleum Corporation Limited (HPCL) is taking up a programme to impart computer literacy to schoolchildren in seven schools here as a part of its corporate social responsibility, according to Mr Viziasaradhi, the Director, HRD. He ...

NEW BUSINESS: Era Infra bags Rs 42-cr orders






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In Focus
Remembering Ramachander

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ONGC notifies 4 new discoveries; Rs 450-cr investment okayed

Looking back
Aug. 17-Aug. 23
ONGC picks up 30 pc more in Cambay block

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