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CORPORATE
NEW PROJECTS:
Gujarat to seek Rs 400 cr from Tatas for Sanand land
8% compound interest rate to be charged. Gandhinagar, Oct. 15 The Gujarat Government on Wednesday decided to ask Tata Motors Ltd to pay Rs 400.65 crore for the land allotted last week to the automobile major near Sanand town in Ahmedabad ...
HUMAN RESOURCES:
Jet Airways to terminate 1,100 more staff
Extreme step to prevent collapse of company, says official. Mumbai/New Delhi, Oct. 15 Jet Airways plans to terminate the services of 1,100 more employees in the next two ...
OUTLOOK:
Cairn to invest Rs 11,000 cr more in Rajasthan project
Development drilling will begin next month. New Delhi, Oct. 15 To begin extracting its Rajasthan crude from the second half of 2009, Cairn India Ltd plans to further invest Rs 11,000 crore between 2008 and 2009 in the ...
OUTLOOK:
DLF to invest Rs 4,000 cr in Kerala in five years
Focus on Kochi, Kozhikode and Thiruvananthapuram. The real estate developer DLF Ltd has announced plans to invest Rs 4,000 crore over a period of five years in various parts of ...
ALLIANCES & JOINT VENTURES:
If airlines turn around…
Bangalore, Oct. 15 If domestic airlines turn around during the next two quarters which are generally the most profitable for the industry, the alliance between Kingfisher Airlines and Jet Airways may end up being short-lived, an airline ...
OVERSEAS INVESTMENTS:
DQE, French co ink pact
DQE, an animation, gaming and entertainment company, has entered into an agreement with LPPTV and Method Animations SA of France for the co-production of a television series called Little Prince. The effort would be backed by France ...
ALLIANCES & JOINT VENTURES:
Grabal Alok partners Woolworths
Alok Industries’ group company Grabal Alok UK Ltd’s retail chain ‘Store Twenty One’ is partnering with Woolworths to open its stores (shop-in-shop) in 16 of Woolworth’s high street stores. Woolworths is ...
ANNOUNCEMENTS:
Tata Motors to bring out hybrid bus
Targets public transport with 20% more fuel efficiency. Mumbai, Oct. 15 Amid much talk about hybrids in the personal vehicle space, Tata Motors is working on this greener and fuel-efficient model for public ...
NEW PROJECTS:
Marvel Realtors unveils three projects
Pune, Oct. 15 With funding from Och Ziff Capital Management Group, Pune-based Marvel Realtors is launching three projects catering to residential and ...
OUTLOOK:
Volvo India bets on more car sales
With dealership expansion in newer cities. New Delhi, Oct. 16 Volvo India said that it expected its sales to more than double over the next one year considering its dealership expansion in newer cities and a wider product ...
NEW PROJECTS:
MSD launches new vaccine for cervical cancer
Plans 4 more vaccines to take the top share. New Delhi, Oct. 15 MSD Pharmaceuticals, a wholly- owned subsidiary of Merck & Co, plans to launch vaccines for various diseases including chicken pox, hepitatis A, rotavirus and zoster in the next ...
OUTLOOK:
JSW to cut steel prices this month
Mumbai, Oct. 15 There could be another round of price cut of steel, with the Vice-Chairman of JSW Steel, Mr Sajjan Jindal, stating that the company could slash prices this month end in the wake of softening global prices and ...
ALLIANCES & JOINT VENTURES:
US firms eye opportunities in Indian aviation infrastructure
Hyderabad, Oct. 15 After selling aircraft and components, the development of infrastructure in India’s aviation sector could well be the focus of the American ...
ALLIANCES & JOINT VENTURES:
Air Works, Honeywell in service centre pact
Hyderabad, Oct. 15 Air Works on Wednesday announced an authorised service centre agreement with Honeywell at the India Aviation Week ...
OUTLOOK:
More variants from new General Motors’ unit soon
Hyderabad, Oct. 15 With its new manufacturing base getting into production mode at Talegaon in Maharashtra this month, General Motors expects to launch more variants including alternative fuel options and a ...
PEOPLE:
Gopinath now wielding pen
Bangalore, Oct. 15 The man who pioneered the concept of low cost airline in India, Capt G R Gopinath is writing his memoirs which are expected to hit the stands in a couple ...
OVERSEAS INVESTMENTS:
Tata Daewoo develops Novus LPG truck
Mumbai, Oct. 15 Tata Daewoo, a fully owned subsidiary of Tata Motors and South Korea’s second largest truck maker, has developed a prototype of South Korea’s first LPG medium commercial vehicle ...
COKE & METALURGICAL COKE:
Correction
With reference to the news report on Gujarat NRE that appeared in these columns on October 15, 2008, the visit of a group of Indian journalists to Australia was sponsored by the Australian Department of Foreign Affairs and Trade, and not by ...
FINANCIAL PERFORMANCE:
Strong order inflows in Sept quarter lend visibility to L&T’s earnings
Segment margins maintained; bets on orders for ONGC. Larsen & Toubro witnessed unusually strong order inflows for the quarter ended September 2008, in contrast to the June quarter, when order growth was ...
FINANCIAL PERFORMANCE:
ICSA India net up 66%
ICSA India Ltd’s net profit increased 66.3 per cent at Rs 48 crore in the second quarter ended September 30, 2008 compared with Rs 28.8 crore in the corresponding quarter of previous financial year. The total income grew 86.6 per cent to ...
ANNOUNCEMENTS:
Work resumes at Hero Honda plant
Hero Honda has said that normal work had resumed at its plant in Dharuhera after some of the casual and contract workers protested on Sunday. A company statement said, “Our plant at Dharuhera had normal operations on Wednesday, with ...
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