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CORPORATE
NEW PROJECTS:
Renault may drop plans to set up plant in Chennai
Nissan likely to build a smaller facility on its own. Chennai/Mumbai, Feb. 12 French car maker Renault has said that it is reviewing plans for its factory in Chennai and may even completely abandon ...
RESEARCH & DEVELOPMENT:
Hyundai to expand R&D centre
To hike prices across various models. Hyderabad, Feb. 12 The country’s second largest automotive manufacturer, Hyundai Motor India, is set to expand its R&D centre based in Hyderabad, significantly stepping up computer-aided design ...
DIVIDEND ANNOUNCEMENT:
SAIL pays Rs 461-cr interim dividend
State-owned Steel Authority of India Ltd (SAIL) on Thursday handed over a cheque of Rs 460.81 crore to the Centre as the interim dividend for 2008-09. The Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, received the cheque ...
ALLIANCES & JOINT VENTURES:
Bird group, Pacific Propeller in pact
Bird Group, a travel technology, airline and hospitality services conglomerate, today announced the signing of two agreements with a global repair and overhaul services provider to regional and military aircraft company and a business jet ...
ALLIANCES & JOINT VENTURES:
Infotech, Mitsubishi Heavy sign pact
Infotech Enterprises Japan KK, a subsidiary of Infotech Enterprises Ltd, has signed an agreement with Mitsubishi Heavy Industries (MHI), a leading heavy machinery manufacturer, to provide engineering services support. “This is the ...
STANDARDS & BENCHMARKS:
Road simulation lab accredited
A six-poster road simulation laboratory of Ashok Leyland Ltd has been accredited by the National Accreditation Board for Calibration & Testing Laboratories, for mechanical testing. A press release from the company said the accreditation ...
ALLIANCES & JOINT VENTURES:
Agreement with VistaJet Holdings
In another agreement signed with VistaJet Holdings, S.A., Switzerland, Bird Group will market the business jet major’s equipment in India, Bangladesh, Bhutan, Maldives, Mauritius, Nepal, Pakistan and Sri Lanka. In order to meet the full ...
OUTLOOK:
BAE Systems eyes tie-ups in air, naval businesses
Expects follow-on order for 57 Hawks. Bangalore, Feb. 12 It first sold 66 IAF Hawk trainer jets and now has a venture with the Mahindras for army vehicles. UK’s defence manufacturing major BAE Systems now plans to get deeper into the ...
NEW PROJECTS:
Reliance Power gets letter of intent for Tilaiya project
New Delhi, Feb. 12 The Letter of Intent for the 4,000-MW ultra mega power project (UMPP) at Tilaiya in Jharkhand was on Thursday handed over to Reliance Power ...
OUTLOOK:
IOC seeks Centre’s help for compensation of losses
Mumbai, Feb. 12 Indian Oil Corporation (IOC) has urged the Centre to compensate it completely for losses incurred during this ...
CORPORATE DISPUTES:
Trade name dispute: ITC files suit against Godfrey Phillips
Kolkata, Feb. 12 ITC Ltd filed a Patent & Trademark suit in the Calcutta High Court against Godfrey Phillips India Ltd, alleging that Godfrey Phillips had infringed the trade name ‘Pilot’, which ITC had registered a long ...
OVERSEAS INVESTMENTS:
Tata Comm to invest $430 m in Asia Pacific
Mumbai, Feb. 12 Tata Communications on Thursday announced a $430-million strategic investment plan for the Asia-Pacific region to set up a new Internet Data Centre in Singapore and complete the main segments of its TGN Asia ...
MANPOWER:
Apollo Tyres to lay off 15% of total workforce
New Delhi, Feb. 12 Apollo Tyres on Thursday said that it will lay off about 1,500 of its contract and casual workers of its total workforce of 8,000-10,000 across the ...
CORPORATE GOVERNANCE:
Some Subhiksha directors quit
Chennai, Feb. 12 The various problems that have beset discount retailer Subhiksha ranging from a liquidity crisis, non-payment of salary and provident fund dues, had got to its board members as ...
OUTLOOK:
Amara Raja Batteries sees difficult Q4
With the slowdown hitting the automobile sector heavily, Amara Raja Batteries sees huge pressures on its fourth quarter performance but hopes to cross the Rs 1,200-crore mark in ...
NEW PROJECTS:
KSB Pumps doubles capacity
...
ALLIANCES & JOINT VENTURES:
Corporation Bank-Tata Motors' pact
...
MERGERS & ACQUISITIONS:
Mold Tek acquires US firm
Mold Tek Technologies Ltd has signed an agreement to acquire the assets and business of RMM Global, Ohio, USA and its arm TechNet Engineering Services Pvt. Ltd., Mumbai for $700,000. “RMM Global and TechNet are well established in ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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