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Wednesday, November 05, 2008
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OUTLOOK: Cement demand slows
ACC, Ambuja record drop in dispatches. Mumbai, Nov. 4 The first sign of cement demand slowdown was evident from the fall in production and dispatches for October announced by major ...

SOCIETY & DEVELOPMENT: ‘Make foreign contribution Act more stringent’
Reforms panel for more interaction between Govt & corporates. New Delhi, Nov. 4 In a bid to tackle the problem of governments and industry working at cross-purposes in rolling out development programmes across various parts of the country, a ...

OUTLOOK: ‘Caraco warning letter not to impact revenues of Sun Pharma’
US co could see delay in launch of new products. Mumbai, Nov. 4 The warning letter to Detroit-based Caraco Pharmaceutical Laboratories Ltd from the regulator US Food and Drug Administration (FDA) will not impact revenues or the launch of ...

ANNOUNCEMENTS: Ashok Leyland cuts production target for November
Talks on wage package for non-working days likely. Chennai, Nov. 4 Ashok Leyland is planning to reduce monthly production target for November to 1,500 units from the average of 6,800 units it clocked each month in the first six months of this ...

NEW BUSINESS: Maytas Infra bags JSW order
Maytas Infra on Tuesday announced it has bagged a Rs 39-crore order from South West Infrastructure Pvt Ltd, a group company of Jindal Steel Works (JSW), for development of a township. This is Maytas Infra’s second order from JSW and ...

ANNOUNCEMENTS: Vizag Steel cuts prices
The Visakhapatnam steel plant has reduced prices of steel by Rs 5,000 to Rs 8,500 a tonne for different products, according to a press release issued by the plant. The prices have come into effect from November 1, but the official announcement ...

MERGERS & ACQUISITIONS: Religare Enterprises to acquire Lotus India, pump in money
Analysts estimate deal to be between Rs 50 crore and Rs 150 crore. Mumbai, Nov. 4 Religare Enterprises Limited (REL) has agreed to acquire Lotus India Asset Management Company from the majority shareholders, Alexandra Fund Management, an ...

OUTLOOK: GAIL signs pact with Himachal Pradesh for extension of gas pipeline
New Delhi, Nov. 4 GAIL (India) Ltd has signed a cooperation agreement with Himachal Pradesh Government for looking at extending the proposed Dadri-Bawana-Nangal natural gas pipeline to the ...

ANNOUNCEMENTS: Hyderabad Metro: Maytas Infra clarifies on land issue
Hyderabad, Nov. 4 Even as the Andhra Pradesh Government said it was preparing to file a defamation case against Dr E. Sreedharan, Managing Director of Delhi Metro, Maytas Infra has clarified that the developers have no land banks near the ...

OUTLOOK: UTC scouts for aerospace suppliers
Bangalore, Nov. 4 Aeroengines to air-conditioning systems major United Technologies Corporation expects to see its India sales figure double to $1 billion – around Rs 5,000 crore – in the next 2-3 years, the current global ...

MERGERS & ACQUISITIONS: Suzlon in talks with Martifer for REpower stake
Mumbai, Nov. 4 Suzlon Energy, the world’s fifth largest wind-turbine supplier, on Tuesday said it was in discussion with Portugal’s Martifer to work out a “mutually acceptable” payment schedule to enable it to buy out ...

OVERSEAS INVESTMENTS: V Guard plans to acquire European co
Kochi, Nov. 4 In order to extend its reach and acquire superior technology, V Guard Industries Ltd is planning to acquire a company based out of ...

OUTLOOK: Dr Reddy’s to focus on eco-friendly manufacturing process
Hyderabad, Nov. 4 Pharma major Dr Reddy’s Laboratories Ltd will focus on “green chemistry” to make the process of drug design and manufacture more ...





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