Business Daily from THE HINDU group of publications
Saturday, September 06, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, September 06, 2008 ePaper | Mobile/PDA Version | Audio |
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NEW PROJECTS: Singur talks ‘positive’; to resume today Kolkata, Sept. 5 Talks to end the impasse over land acquisition at Singur for the Tata small car project remained inconclusive on Friday with all parties concerned agreeing to meet at 11 a.m. on Saturday to take the process ... OUTLOOK: Monsanto eyeing prospects from GM corn in India Already has 39% share in hybrid corn seeds market. After Bt cotton, Monsanto is expanding its focus on corn (maize) in India. ... OVERSEAS INVESTMENTS: Deora hopes to wrap up Imperial deal in 4-5 weeks ‘Subject to Russian Government approval’. New Delhi, Sept 5 The Petroleum Minister, Mr Murli Deora, on Friday said that he hoped that the acquisition of the London Stock Exchange-listed Imperial Energy Corp Plc by ONGC Videsh Ltd ... OUTLOOK: Toyota Kirloskar Motor hopes Corolla Altis will drive sales Introductory price at Rs 10.83 lakh; co eyes 10% market share by 2015. New Delhi, Sept. 5 Toyota Kirloskar Motor expects a 26 per cent jump in sales to 63,000 units by December 2008, undeterred by the prevailing market scenario of high ... NEW PROJECTS: Matrix Group will invest Rs 50 cr in expansion Setting up three production units for organic fertilisers. Hyderabad, Sept. 5 Matrix Group, makers of agri-products, has firmed up plans to invest up to Rs 50 crore in its short-term expansion. The investment is towards establishing three ... OUTLOOK: Hindalco sees tough times ahead High input costs pose a challenge, says Bhattacharya, MD. Mumbai, Sept. 5 Hindalco Industries has forecast tough times ahead with significant rise in production costs of aluminium and poor copper concentrate ... OVERSEAS INVESTMENTS: Oil cos keen on Colombian hydrocarbon sector New Delhi, Sept. 5 Domestic companies in the hydrocarbon sector have expressed interest in pursuing various business ventures in Colombia. While public sector undertakings ONGC and Oil India Ltd envisaged interest in acquiring oil and gas ... ALLIANCES & JOINT VENTURES: Australian dry cleaning major to launch retail chain New Delhi, Sept. 5 Australian dry-cleaning and laundry major Brown Gouge has entered into a technical collaboration with Delhi-based Diamond Fabcare to launch retail chain ‘Wardrobe’. With an investment of Rs 150 crore in the ... ANNOUNCEMENTS: Tata Steel to pay 20% annual bonus Mumbai, Sept. 5 Tata Steel will pay 20 per cent annual bonus to employees of its India ... OUTLOOK: Reliance to begin drilling in Colombian asset in 2010 New Delhi, Sept. 5 Reliance Industries Ltd, which has started exploration activities in its offshore blocks in Colombia, is expected to drill its first well in 2010. This was stated by the Director General of Colombia’s ANH (Agencia ... DIVERSIFICATION: Godrej forays into TV sets biz; 13 models launched Marking its foray into the premium colour television sets segment, Godrej Appliances, an arm of the $3-billion Godrej & Boyce, has unveiled 13 models here, with a price range of Rs 6,500 to Rs ... OUTLOOK: Video conferencing gains as cos trim travel costs PREFERRED MODE. As many companies try to cut down on expenses, video conferencing is becoming a preferred alternative to corporate ... ALLIANCES & JOINT VENTURES: Hindustan Latex signs pact for business incubation centre Thiruvananthapuram, Sept. 5 Hindustan Latex Ltd, a mini ratna company under the Union Health Ministry, has signed a memorandum of understanding with the Rajiv Gandhi Centre for Biotechnology (RGCB) to set up a technology business incubation ... OUTLOOK: Indoco exports to grow on better product profile, expanded coverage Mumbai, Sept. 5 It was in 2003 that Indoco Remedies received regulatory approval to sell painkiller drug paracetamol in the UK, its first ever in a regulated market. ... FIXED DEPOSITS: Essel Propack acquires US firm MED Mumbai, Sept. 5 Essel Propack Ltd, with interests in specialised packaging, laminated tubes and medical devices businesses, on Friday announced the acquisition of Minneapolis-based Medical Engineering and Design Inc (MED), a supplier of ... ALLIANCES & JOINT VENTURES: NeST, EPV Solar to set up silicon panel unit in Kochi Thiruvananthapuram, Sept. 5 The Kochi-based NeST Group has signed a memorandum of understanding with EPV Solar of the US for setting up a facility in Kochi for manufacturing silicon ... OUTLOOK: IGL to invest Rs 500 cr, add 50 outlets Indraprastha Gas Ltd plans to invest Rs 500 crore over next two years to expand its retail network. The company also plans to add 50 new outlets before the 2010 Commomwealth Games. ... ALLIANCES & JOINT VENTURES: Fairmont Hotels forays into India Hyderabad, Sept. 5 Fairmont Hotels and Resorts, a leading global luxury hospitality brand, has announced its foray into India by signing a deal with a Hyderabad-based property ... NEW BUSINESS: BEML gets rail contract BEML has received a Rs 31-crore developmental contract from the Indian Rail Board to design and develop the country’s first stainless steel AC EMU ... IPR: Glivec case: More time sought on appellate board composition Mumbai, Sept 5 The Centre has asked the Supreme Court for more time to come up with its suggestion on the composition of the Intellectual Property Appellate Board (IPAB), with regard to having a technical member on the Board. ... NEW PROJECTS: Jindal Steel commissions unit ALLIANCES & JOINT VENTURES: Kiri Dyes facility RESTRUCTURING: Timex selling division Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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