Business Daily from THE HINDU group of publications
Saturday, January 03, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, January 03, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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DISINVESTMENT: Govt waives divestment condition for PepsiCo New Delhi, Jan. 2 PepsiCo’s wait for a waiver of a special disinvestment condition imposed in 1997, is finally over. The Cabinet Committee on Economic Affairs (CCEA) on Friday deleted the condition of divestment of 49 per cent stake in ... PERFORMANCE: Tata Motors commercial vehicle sales dip 51% in Dec ‘Positive steps’ in stimulus package welcomed. Mumbai, Jan. 2 The fiscal package announced by the Centre on Friday coincided with Tata Motors’ commercial vehicle sales report for December which dropped 51 per cent to 14,056 ... OVERSEAS INVESTMENTS: Motherson Sumi to buy Europe’s Visiocorp Acquisition to be funded thru internal accruals. New Delhi, Jan. 2 The Rs 2,000-crore plus auto component maker, Motherson Sumi Systems Ltd, on Friday announced its seventh acquisition by buying out the businesses of one of the world’s ... MERGERS & ACQUISITIONS: Suzlon Energy sells 10% stake in Hansen Deal valued at Rs 600 crore. Mumbai, Jan. 2 Suzlon Energy Ltd, a leading wind turbine manufacturer, has decided to sell a 10 per cent stakein the gear box company Hansen Transmissions International to London-based investment firm Ecofin Ltd, ... NEW BUSINESS: Ircon bags $9.5-m Afghan contract ... PERFORMANCE: Royal Enfield finishes year on a high note Sees record production of 4,300 bikes in Dec at Chennai facility. Mumbai, Jan. 2 It has never been part of the numbers game but on the evening of December 31, the team at Royal Enfield Motors had every reason to ... MERGERS & ACQUISITIONS: Whiff of gas drives corporate activity in Bengal Everest Kanto Cylinder plans acquisition of CC&L. Kolkata, Jan. 2 Access to gas, albeit in a small quantity, has catapulted a small city-based engineering and consultancy group, Compressions and Liquefaction Engineering Pvt Ltd ... MODERNISATION: Govt brings 2 pharma cos under direct control New Delhi, Jan. 2 The Government on Friday has brought Karnataka Antibiotics & Pharmaceuticals Ltd (KAPL) and Rajasthan Drugs & Pharmaceuticals Ltd (RDPL) under its direct control to help the companies upgrade manufacturing ... SECURITY: Corporates to get CISF cover for a price Salary hike for Chief Justice, judges cleared. New Delhi, Jan. 2 Private sector and joint venture industrial undertakings would now be entitled for Central Industrial Security Force ... NEW BUSINESS: Elecon Engg bags another Adani order Ahmedabad, Jan. 2 Elecon Engineering Company Ltd, material handling equipment, industrial gears and transmission products manufacturer, has won another order worth Rs. 22 crores from Adani Power ... NEW PROJECTS: IOC to commission major projects this year New Delhi, Jan. 2 Indian Oil Corporation Ltd (IOC) has said that during 2009 the company plans to commission major refinery ... ANNOUNCEMENTS: Strides drug gets USFDA nod Strides Arcolab Ltd said two of its antibiotic products have received USFDA approval, taking the tally of its approvals for the US market to 14. The latest ANDAs (abbreviated new drug applications) to get the regulator’s nod are Vancomycin ... NEW PROJECTS: L&T knowledge city inaugurated L&T knowledge city, an exclusive 122-acre facility at Vadodara to meet high-end design and engineering needs of the hydrocarbon and power sectors, was inaugurated by Mr A. M. Naik, Chairman and Managing Director, on Friday. L&T said ... PEOPLE: A.R. Ansari heads NLC Mr A.R. Ansari has assumed charge as Chairman and Managing Director of Neyveli Lignite Corporation Ltd. Earlier, he was the Director - Planning & Projects. He joined NLC as General Manager, Mines in 1997, after serving various ... NEW BUSINESS: Era Infra bags BHEL contract ... REGULATORY BODIES & RULINGS: Transgene Biotek gets licence Transgene Biotek Ltd has received license to manufacture four drugs used in lowering blood cholesterol from the Drug Control Department, Government of Andhra Pradesh. The drugs are Orlistat (also used in the treatment of obesity), ... HUMAN RESOURCES: Lay-off at Birla Corpn unit ... Columnists: • C Gopinath • Harish Bijoor • Ramanujam Sridhar • Radhika Chada • K Srikrishna Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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