|
|
CORPORATE
MERGERS & ACQUISITIONS:
CLB sets in motion process to revive Satyam Computer
Strategic partner to be chosen via open bidding. In a move that sets the stage for the buy-out of Satyam Computer Services Ltd, the Company Law Board on Thursday allowed the Government-appointed board to bring in a strategic investor through an ...
ANNOUNCEMENTS:
USV to sell generic version of cancer drug bicalutamide in US
Co wins patent case against Canada’s Apotex. Mumbai, Feb. 19 USV Ltd will be able to see its generic version of bicalutamide, the active pharmaceutical ingredient in Astra Zeneca’s prostate cancer drug Casodex, when the patent on ...
OUTLOOK:
Oil India scraps Digboi project; refining plans on hold
Looking to acquire E&P assets overseas. Kolkata, Feb. 19 As an after-effect of the economic meltdown, Oil India Ltd (OIL) has scrapped its plan to set up a Rs 400-crore pilot coal-to-liquid (CTL) project at Digboi in Assam in a joint venture ...
NEW PROJECTS:
HPCL’s Bhatinda refinery to be ready by Dec 2010
Kochi, Feb. 19 Public sector HPCL expects to complete the construction work of its new refinery at Bhatinda in Punjab, to be set up in association with Mittal Energy, by December 2010, Mr Arun Balakrishnan, Chairman and Managing Director, ...
NEW BUSINESS:
New orders may help Leyland report better performance
Order flows for commercial vehicle major — Ashok Leyland (flagship company of Hinduja Group) have been picking up over the past month. The most recent one is an order for 1,000 buses from the Ministry of Transport, Angola, worth ...
NEW BUSINESS:
Subhash Projects bags Rs 586-cr deal
Subhash Projects & Marketing Ltd (SPML) said that it has bagged the Chevella Lift Irrigation Scheme valued at Rs 586 crore from the Irrigation and CAD Department, Andhra Pradesh Government. A release from the company said that the scope of ...
NEW BUSINESS:
KLG Systel bags Rs 30-cr order
KLG Systel Ltd said it has bagged an order of Rs 30 crore from Uttar Haryana Bijli Vitran Nigam. In a notice to the BSE, the company said the order was awarded to KLG’s Power System Solution (PSS) Division, and entails thirteen new 33 ...
OUTLOOK:
Hindalco declines on Novelis losses
Kolkata, Feb. 19 Hindalco Industries has been sliding after it approved a financial restructuring exercise aimed at amortisation of goodwill incurred for the Novelis acquisition and growth projects in India via using reserves from its ...
NEW BUSINESS:
Ashok Leyland bags $43.5-m Angolan orders
Chennai, Feb. 19 Ashok Leyland has bagged orders for 500 buses from the Ministry of Transport, ...
CORPORATE GOVERNANCE:
‘Time to have high standards in corporate governance’
Bangalore, Feb. 19 No amount of additional legislation or regulations will help if a company’s leadership is bent on breaking them; a company’s integrity is only as good as the model its leader sets, according to speakers at ...
OUTLOOK:
LG Group banks on rural markets for revenue growth
Bangalore, Feb. 19 The $40-billion global white goods major LG Group expects rural consumers to push its revenues in India this ...
OUTLOOK:
JCB India hopes to make India its manufacturing hub
Thiruvananthapuram, Feb. 19 Construction equipment manufacturer JCB India Ltd aspires to use India as a manufacturing hub for its operations in ...
NEW BUSINESS:
MIC Elec gets nod for LED displays
Hyderabad, Feb. 19 The large, easy to read, display panels at Railways stations, which give information about train movements, could soon become more common across ...
NEW BUSINESS:
Gayatri Projects wins 2 AP Govt orders
Hyderabad, Feb. 19 Gayatri Projects Ltd, an infrastructure company, on Thursday announced that it has bagged two orders worth Rs 2,132 crore from the Andhra Pradesh Government for ...
OUTLOOK:
Kent RO plans new facility in UP
New Delhi, Feb. 19 Water purifying devices company Kent RO Systems has said it is looking to set up its fourth facility in Greater Noida in Uttar Pradesh to meet the demand for water ...
ANNOUNCEMENTS:
Suzlon installs 20 solar panels in Nashik
Mumbai, Feb. 19 Suzlon Energy Ltd has installed 20 solar power panels at its wind farm in Adwadi, Nashik. It is the first wind farm of the company to utilise solar energy to power its site ...
SOCIAL SECURITY:
Subhiksha told to pay Rs 1.76 cr PF dues
Chennai, Feb. 19 The Employees’ Provident Fund Organisation (EPFO), Chennai, on Thursday directed discount retail chain Subhiksha Trading Services’ Managing Director, Mr R. Subramanian, to pay Rs 1.76 crore of provident fund ...
CORPORATE GOVERNANCE:
‘Regulations come at a cost’
Chennai, Feb. 19 “Don’t rush in for fresh regulations post Satyam scandal,” said, Mr M. Damodaran, Former Chairman, Securities and Exchange Board of India while addressing a seminar on “Corporate Governance - Role ...
ALLIANCES & JOINT VENTURES:
Emami Biotech, Calcutta Tramways pact for selling bio diesel
Kolkata, Feb. 19 Emami Biotech Ltd has signed a Memorandum of Understanding with Calcutta Tramways Company (CTC) for the supply of 250 kilo litre of bio diesel a month, according to a press statement issued by ...
PEOPLE:
Multi Screen Media’s CEO resigns
With just a few months away from IPL season 2, the CEO of its official broadcaster, Multi Screen Media (previously Sony Entertainment Television), Mr Kunal Dasgupta, has resigned citing personal ...
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