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CORPORATE
TECHNOLOGY:
CANDU’s vendor eyes Indian nuclear market
Can offer ‘significant upgrades’ to reactor technology. New Delhi, Nov. 17 Atomic Energy of Canada Ltd — the Canadian state-owned corporation which is the vendor for the ‘CANDU’ technology — is planning to ...
OUTLOOK:
Tata Chem to build up liquidity, conserve cash
Rules out job cuts for now; modernisation, expansion plans on course. Ahmedabad, Nov. 17 Ruling out any job cuts at this juncture in the wake of the unfolding global economic meltdown, Tata Chemicals Ltd (TCL), the world’s second largest ...
OUTLOOK:
Cairn urges Ministry to decide fast on nominee refineries
For lifting crude oil from Rajasthan fields. Cairn India Ltd (CIL) has approached the Petroleum Ministry to take an early call on the refineries it will nominate to lift Rajasthan crude. The company wants a clear picture, so that a decision on ...
MERGERS & ACQUISITIONS:
Jubilant acquires Canadian co
Jubilant Organosis has acquired Canada-based TrialStat Clynical Analytics for a consideration of Canadian dollar 7.5 lakh. The acquisition has been made by Jubilant’s New Jersey-based subsidiary, Clinsys Clinical Research Inc, the company ...
NEW PROJECTS:
Super luxury homes project
INC Developers, a group that has designed and built several estate homes in San Francisco and the Bay Area, is collaborating with Pune-based Amar Builders to build super luxury homes at Baner. A Rs 100-crore project, Manhattan comprises ...
OUTLOOK:
Dunlop’s Sahagunj unit headed for temporary closure
Workers to get Rs 2,000/month till production resumes. Kolkata, Nov. 17 Dunlop India plans to temporarily suspend production in its Sahagunj facility due to working capital ...
NEW PROJECTS:
Odyssey puts on hold expansion in new cities
Steps up focus on existing base; explores newer formats & catchments. Bangalore, Nov. 17 Leisure stores chain, Odyssey India Ltd, is putting on hold its expansion plans in cities where it does not have a presence so ...
ALLIANCES & JOINT VENTURES:
JSW Steel, UK’s Severfield to float jt venture
To make structural steelwork for buildings. Mumbai, Nov. 17 JSW Steel has entered into a joint venture with UK-based Severfield Reeve Structure through its wholly owned subsidiary, JSW Building Systems, to make structural steelwork ...
OVERSEAS BORROWINGS:
Bharati Shipyard yet to receive order for FCCB conversion
If fails, co must pay back $1.4 million to Tranche I FCCB holders. Kolkata, Nov. 17 Bharati Shipyard Ltd, which has outstanding Foreign Currency Convertible Bonds (Tranche I) due for redemption on December 13, has not received instruction from ...
VENTURE CAPITAL:
McNally Capital plans investment in biotech, healthcare sectors
US-based PE firm has $1b funds on call. Hyderabad, Nov. 17 Chicago-based private equity player McNally Capital is planning to invest in the Indian biotech, healthcare and food-processing industries in view of the sound fundamentals, according to ...
TRADE & LABOUR UNIONS:
Oil sector officers’ strike deferred
The Oil Sector Officers Association (OSOA), which had threatened to go on indefinite strike from Tuesday, has deferred its agitation by a week following assurance from the Petroleum Ministry that the demand for higher pay package will be ...
IPR:
IPAB hears Novartis’ Glivec case
Mumbai, Nov. 17 The review of Novartis’ rejected patent application on its cancer drug Glivec came up for hearing before the Intellectual Property Appellate Board (IPAB) on ...
OUTLOOK:
SAIL sets up five task forces
New Delhi, Nov. 17 In a proactive move, Steel Authority of India Ltd (SAIL) has constituted five task forces to work out strategies to make the company’s operations more attuned to existing ...
OUTLOOK:
NACIL invites bids for sale, leaseback of aircraft
Mumbai, Nov. 17 National Aviation Company of India Ltd (NACIL), merged entity of erstwhile Air India and Indian Airlines, has invited bids for sale and lease back arrangement for its six aircraft at total Reserve Price of $165 million (around ...
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