The Hindu Business Line : Saturday, November 22, 2008

CORPORATE

MERGERS & ACQUISITIONS: Philips acquires Meditronics; to shift R&D work
Expanding healthcare biz in emerging markets. New Delhi, Nov. 21 As a part of its strategy to consolidate its leadership in the healthcare space, Royal Philips Electronics has acquired Mumbai-based Meditronics, a manufacturer of general X-ray ...

NEW PROJECTS: Fiat India rolls out first Linea from Ranjangaon
New car to help re-establish Fiat brand. Pune, Nov. 21 Fiat India Automobiles Ltd (FIAL) has commenced production of the Linea at the Tata Motors-Fiat facility at ...

OUTLOOK: Vestas does not see any cancellation of orders
No lay-offs but company puts temporary freeze on recruitment. Aarhus, Denmark, Nov. 21 Vestas, the leading wind turbine manufacturer, has not seen any cancellation of orders for its wind turbines due to financial crisis in the US and the ...

MERGERS & ACQUISITIONS: Dabur acquires 72.1% stake in Fem Care for Rs 203.7 cr
New Delhi, Nov. 21 Dabur India Ltd has acquired a 72.15 per cent stake in Fem Care Pharma Ltd (FCPL), a women’s skin care products company, for Rs 203.7 crore, in an ...

COMPANY LAW: Companies Bill to allow e-meeting of boards
Mumbai, Nov. 21 Indian companies will not have the trouble of getting their directors together at the specified venue for their board meetings once the Companies Bill 2008 ...

NEW PROJECTS: Baumer Group opens wholly-owned unit in Pune
Pune, Nov. 21 Swiss Baumer Group, player in the field of automation, has opened its wholly-owned subsidiary, Baumer India Pvt Ltd in Pune. This would facilitate its direct sales operations ...

NEW PROJECTS: Vikas WSP to acquire 5,000 acres in Rajasthan
8,000 tonnes of organic guarseed planned. Mumbai, Nov. 21 Vikas WSP has moved the Rajasthan Government to acquire 5,000 acre wasteland near Hanumangarh. The land will be made arable utilising water from the Indira Gandhi ...

OVERSEAS BORROWINGS: PowerGrid to sign up $400 m credit line from World Bank
Hyderabad, Nov. 21 Power Grid Corporation of India is set to sign up for a $400-million credit line from the World Bank and is negotiating for another $200 million loan from Asian Development Bank, according to Mr I.C. Jaiswal, ...

NEW PROJECTS: Ball Packaging puts India project on backburner
Mumbai, Nov. 20 Ball Packaging Europe, a subsidiary of Ball Corporation, USA, has decided to put its India plan on ...

OVERSEAS INVESTMENTS: Colgate-Palmolive sells shareholding in Nepal arm
Mumbai, Nov. 21 Colgate-Palmolive India Ltd has announced that it has sold its shareholding in the wholly owned subsidiary Colgate Palmolive (Nepal) Pvt Ltd to Everest Hygiene Products Pvt Ltd, Nepal. Concurrent with the sale, the company ...

NEW BUSINESS: Kirby Systems bags Rs 70-cr order for Nano project
Hyderabad, Nov. 21 Pre-engineered building systems maker Kirby announced it has bagged a Rs 70-crore order for the construction of manufacturing facilities from the Tata Nano small car greenfield project coming up at Sanand ...

MERGERS & ACQUISITIONS: EID Parry acquires 48% stake in US nutraceuticals co
Chennai, Nov. 21 EID Parry Ltd has acquired 48 per cent stake in Valensa International, a company engaged in nutraceuticals based in ...

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