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CORPORATE
OVERSEAS INVESTMENTS:
Tata Chem to invest Rs 180 cr in Singapore co
For exclusive marketing rights of jatropha seedlings in India, East Africa. Mumbai, Nov. 25 Tata Chemicals, through its wholly-owned subsidiary Tata Chemicals Asia Pacific Pte Ltd, will invest Rs 180 crore over four years for a 35 per cent stake ...
VENTURE CAPITAL:
Orient Green Power gets $55-m PE funding
Olympus Capital to get ‘significant minority’ stake. Chennai, Nov. 25 Orient Green Power Ltd, a company that is engaged in putting up and owning renewable energy projects, has received $55 million (Rs 275 crore) of equity funding ...
SOCIETY & DEVELOPMENT:
$6.7-m grant for land ownership scheme
Gates Foundation initiative for rural poor. Bangalore, Nov. 25 Rural Development Institute (RDI), an international non-profit organisation working to secure land rights for the world’s rural poor, has received a $6.7 million grant from the ...
OUTLOOK:
Vestas goes the Formula 1 way to master wind systems
Recently in DenmarkThe longer a Formula 1 car stays on the track, the better its chances of winning the race. When the car goes in for a pit stop, each engineer and technician in the pit knows what he or she is supposed to do and how much time ...
OUTLOOK:
GM’s parts suppliers to discuss future course
Meeting today to consider GM’s bankruptcy threat. Chennai, Nov. 25 Indian auto component suppliers to General Motors Corporation (GM) in the US are meeting in Chennai on Wednesday to discuss the road ahead in the event of American auto ...
AWARDS & HONOURS:
Hind Zinc project bags CSR award
Singapore-based the Asian Forum on CSR has awarded Hindustan Zinc the Asian CSR Excellence Award – 2008 for the Zinc Integrated Poverty Alleviation Programme. About 170 entries from 120 companies based out of 15 countries vied for the ...
ANNOUNCEMENTS:
Bosch to close select production
World’s leading auto parts’ maker, Bosch Ltd, has informed the Bombay Stock Exchange that it is temporarily closing down select production areas / shops like the manufacturing of nozzle holders, DN nozzles and common rail ...
NEW PROJECTS:
Oncology Services Europe launches operations in Ahmedabad
Ahmedabad, Nov. 25 The Munich-based Oncology Services Europe (OSE), a full service Contract Research Organisation (CRO), specialising in clinical drug development in oncology, on Tuesday announced the launch of its India operations with ...
MERGERS & ACQUISITIONS:
Imperial acquisition on track; aim to complete ahead of schedule: ONGC
New Delhi, Nov. 25 Oil and Natural Gas Corp is hopeful of completing the acquisition of LSE-listed Imperial Energy Corp ahead of the deadline of June 2009. Mr R.S. Sharma, ONGC, Chairman and Managing Director said, “The entire ...
ANNOUNCEMENTS:
JBM puts off plan to start units for customised steel products
Proposed centres near auto belts delayed by a quarter. New Delhi, Nov. 25 JBM Auto, part of the Rs 2,500-crore diversified JBM group, is deferring plans to invest Rs 150 crore to Rs 200 crore for setting up two customised steel products centres ...
HUMAN RESOURCES:
Striking Wipro unit worker ends life
Bangalore, Nov. 25 The workers’ strike at Wipro Consumer Care and Lighting’s Mysore factory over wages, on for about a month now, took a bad turn on Tuesday when a worker committed suicide, allegedly owing to financial problems. ...
OUTLOOK:
Titan to open more eyewear stores
Coimbatore, Nov. 25 Titan Industries Ltd (TIL), which made an entry into the eyewear business last year with a modest turnover of Rs 10 crore, plans to take the number of showrooms to 60 and expects to witness a five-fold increase in turnover ...
NEW PROJECTS:
Federal Mogul to support Talbros in making gaskets till 2013
New Delhi, Nov. 25 Federal Mogul Corporation’s proposal to set up a new subsidiary to manufacture sealing products and gaskets, which had been rejected by the Foreign Investment Promotion Board following objections by Talbro, is now ...
NEW PROJECTS:
BEL to open product support centre at Kochi
Kochi, Nov. 25 The Navratna defence PSU Bharat Electronics Ltd (BEL) will open a product support centre at Kalamassery in Kochi. The centre was opened to address the product support activities for the Indian Navy, National Physical ...
OUTLOOK:
Dabur plan for skincare range may be delayed
New Delhi, Nov. 25 Dabur India’s plans to launch an Ayurvedic skincare range in the last quarter of this year could be pushed back by a few ...
NEW PROJECTS:
Slower capex prudent move for Tata Chem
Refinancing of bridge loan removes uncertainty. Tata Chemicals’ decision to put on hold the planned capacity addition at its Gujarat soda ash facility (from 9.75 lakh to 12 lakh tonnes per annum) appears a prudent move in the current ...
ANNOUNCEMENTS:
TVS Motor, IndusInd Bank in pact
TVS Motor Company has entered in to an arrangement with IndusInd Bank through which the company’s dealers could avail themselves of structured inventory financing from the bank. The deal is also consistent with the bank’s desire ...
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