|
|
CORPORATE
NEW PROJECTS:
Posco plans $1-b processing plant in Maharashtra; land acquisition under way
Mumbai, Feb. 5 The South-Korean steel manufacturer Posco is planning a $1-billion (Rs 4,800-crore) greenfield steel processing facility in ...
OUTLOOK:
Tata Motors sees no serious payment issue
Nearly three-fourth of vendor payments made through bill-marketing scheme: Ravi Kant. Mumbai, Feb. 5 There could be some delay in payments to 25 per cent of Tata Motors vendors who are not under its “bill marketing scheme,” a ...
CORPORATE GOVERNANCE:
Satyam appoints lawyers to fight class action suits
SEC team in Hyderabad, holds talks with company’s board. Hyderabad, Feb. 5 The beleaguered Satyam Computer Services has decided to fight 12 class action suits filed against it in the US by appointing Wachtell, Lipton, Rosen & Katz ...
FINANCIAL PERFORMANCE:
ACC net down 16 pc, sales remain flat
Not taking up any fresh capital expenditure. Mumbai, Feb. 5 Cement major ACC has reported 16 per cent drop in net profit at Rs 1,213 crore in the year ended December 31, 2008 against Rs 1,439 crore logged in the same period ...
OUTLOOK:
Concern over access to next-gen AIDS drugs
Mumbai, Feb. 5 Eight years after Cipla changed the global ground rules on how AIDS drugs were marketed, its Chairman Dr Yusuf K.Hamied is concerned on the availability of the newer generation of AIDS ...
CORPORATE GOVERNANCE:
SFIO moves court to quiz Raju brothers
Hyderabad, Feb. 5 The Serious Fraud Investigation Office (SFIO) has filed a petition in a city court on Thursday seeking permission to question the former Chairman of Satyam Computer Services, Mr B. Ramalinga Raju, in connection with the ...
CORPORATE GOVERNANCE:
‘Incidents of fudging will result in changes in laws, regulations’
Mumbai, Feb. 5 The investigating agencies and regulators have responded quickly and efficiently to the Satyam scam, and the challenge now is to ensure that the culprits are brought to book in a time-bound manner, Mr C.B. Bhave, Chairman of ...
NEW PROJECTS:
A.O. Smith to set up facility for glass-lined water heaters
Production slated for 2010; focus on domestic market. Bangalore, Feb. 5 Having tested the waters by marketing its water heaters through the trading route, A.O. Smith has decided to set up a manufacturing facility here to be the first mover of ...
NEW BUSINESS:
Era Infra bags NTPC contract
Era Infra Engineering has been awarded a Rs 223-crore contract by NTPC for the Mauda Super Thermal Power Project in Maharashtra. The order is for the main plant and offsite civil works for the two 500 MW projects in the State . Era Infra said ...
ANNOUNCEMENTS:
Hiranandani faces penalty, denies land misuse charge
Mumbai, Feb. 5 In what could be the highest penalty imposed on a builder for alleged gross violation of land misuse, the Mumbai Metropolitan Region Development Authority (MMRDA) has recommended to the state urban development department ...
OVERSEAS INVESTMENTS:
NMDC to go slow on buying mining assets abroad
Domestic expansion plans put on fast track. Hyderabad, Feb. 5 National Mineral Development Corporation Ltd (NMDC) has decided to go slow on acquiring overseas mining assets due to the current ...
CORPORATE GOVERNANCE:
Khusrokhan: Always up to the challenge!
Mumbai, Feb. 5 He has always been up to the challenge, even if it meant taking on Swede tennis-ace Bjorn Borg at a match in Goa, is how Novartis India’s chief Mr Ranjit Shahani describes Mr Homi R. Khusrokhan, now appointed as ...
NEW PROJECTS:
Leitner Shriram eyes another plant in two years
Chennai, Feb. 5 The Chennai-based Leitner Shriram Manufacturing Ltd, a 51:49 joint venture between Leitner spa of Italy and Shriram EPC Ltd, is hopeful of setting up another facility in less than two ...
AWARDS & HONOURS:
SAIL institutes HR awards with IIM-A
New Delhi, Feb. 5 As a part of the celebration commemorating its 50th year of production, Steel Authority of India Ltd (SAIL) has initiated moves for providing leadership for the development of the domestic manufacturing ...
CORPORATE DISPUTES:
Maytas Infra issues notice to Vedanta Aluminium
Hyderabad, Feb. 5 Maytas Infra has issued a legal notice to Vedanta Aluminium Ltd for breach of contract and encashing two bank guarantees worth Rs 64 crore and for not clearing ...
NEW PROJECTS:
ITW Chemin proposes construction chemicals unit
Pithampur, Feb. 5 The Hyderabad-based ITW Chemin, a business unit of $16-billion ITW Inc based in the US, is planning to start manufacturing construction chemicals such as sealants, adhesive tapes and epoxy coatings. The company is also ...
MERGERS & ACQUISITIONS:
Spice Gas acquiring auto LPG dealer network
Having entered the auto LPG retailing business in mid-2008 when it took over a small player BND in Gujarat, Spice Gas is now close to acquiring control over the dealer network of a major private sector player in the auto LPG ...
ANNOUNCEMENTS:
Dr Reddy’s launches 5 drugs in US
Hyderabad, Feb.5 Pharma major Dr Reddy’s Laboratories Ltd has launched five new generic drugs in the ...
OUTLOOK:
TNT India sees more growth opportunity
Global distribution company TNT India finds a perceptible change among job seekers towards the industry. “From second or third in the priority list, we have moved to the first position for many prospective employees,” says Mr ...
OUTLOOK:
Parsvnath in talks to recast debt; expansion on hold
New Delhi, Feb. 5 Parsvnath Developers Ltd is looking to restructure its debt, and rein-in some of its expansion plans such as retail and overseas ventures, amid tight liquidity conditions and slump ...
PEOPLE:
Nagarjuna Agrichem COO
The board of Nagarjuna Agrichem Ltd has appointed Mr Ashok Muni as Director and Chief Operating Officer (COO) of the cmpany. ...
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
|
|
RSS Feeds