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CORPORATE
OUTLOOK:
HUL sees no slowdown in consumer goods offtake
‘Good balance between rural and urban sales’. Chennai, Nov. 3 Mr Nitin Paranjpe says he’s always asked this question these days: is there a slowdown in consumer spending given the gloomy economic ...
OUTLOOK:
Financial crisis not to hit Posco’s Orissa steel plant
Company hopeful of sorting out land issue soon. Bhubaneswar, Nov 3 Despite not having taken possession of any land for its proposed 12-million-tonne capacity steel plant in Orissa’s Jagatsinghpur district, the Director of Posco-India, Mr ...
IPR:
IPAB to look into patent rejection of Glivec this month
Hearing of review to begin on November17. Mumbai, Nov. 3 The review of the rejected patent on Novartis’ cancer-drug Glivec is set to be heard by the Intellectual Property Appellate Board (IPAB) on a ‘day to day’ basis, starting ...
NEW PROJECTS:
Increasing land costs pose hurdle to cos planning to set up offices in Bengal
State to focus on development of satellite townships. Kolkata, Nov. 3 Increasing land prices in West Bengal urban areas is causing problems to companies that are planning to set up offices in the State, the Chief Minister of West Bengal, Mr ...
NEW PROJECTS:
Crossings Infra plans 2 commercial projects in Delhi region
New Delhi, Nov. 3 Crossings Infrastructure, a special purpose vehicle promoted by seven real estate companies to develop 360 acre-integrated township project ‘Crossings Republik’ in Delhi NCR, on Monday announced two ...
OUTLOOK:
Honda Motorcycle to expand capacity at Manesar plant
To invest Rs 300 cr over 3 years. Chennai, Nov. 3 Honda Motorcycle & Scooter India Private Ltd (HMSI), the wholly owned subsidiary of Honda Motor Company of Japan, plans to enhance capacity to 1.5 million units at its Manesar plant in ...
HUMAN RESOURCES:
Workers, ex-staff become owners of Garware Nylons unit
Jt venture co to be formed to make corrugated boxes. Pune, Nov. 3 The depositing of a demand draft of Rs 92.90 lakh at the Mumbai High Court today, the last in a series of payments totalling Rs 6.01 crore for land and property bought at a public ...
RIGHTS ISSUE:
Non-promoter shareholders cool towards Tata Motors rights issue
Promoters pick up 61% of ‘A’ shares. Mumbai, Nov 3 The non-promoter shareholders have ignored Tata Motors’ rights issue, the data released by the company ...
NEW BUSINESS:
Siemens bags cement co order
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BUYBACK:
Reliance Infra buys back 8 lakh shares
Mumbai, Nov. 3 Reliance Infrastructure Ltd (formerly Reliance Energy Ltd) has bought back eight lakh equity shares of the company in the last four ...
OUTLOOK:
Maruti’s compact cars pushed to a corner
Hopes on A-Star and fall in interest rates. The festival season has brought no relief to Maruti Suzuki from the slump in its sales volumes witnessed over the past few months. The company has seen an 8 per cent fall in domestic sales volumes ...
NEW BUSINESS:
Nagarjuna Const bags 2 orders
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PEOPLE:
Nagarjuna Fertilizers appointment
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STANDARDS & BENCHMARKS:
MSN Labs gets EU certification
MSN Laboratories Pvt Ltd has received food manufacturing practice (GMP) certification from the European Union for its active pharmaceutical ingredient manufacturing facility at Pashmylaram near here. The Hyderabad-based company had its ...
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