Business Daily from THE HINDU group of publications
Sunday, April 05, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Sunday, April 05, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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OVERSEAS INVESTMENTS: The growth potion Pharma Mergers and acquisitions. The pharma industry’s love for mergers and acquisitions is not something new. Companies have in the past taken this route to grow. But while the M&A frenzy had almost always been restricted to the US ... OUTLOOK: Bajaj Electricals expects to end 2008-09 with Rs 1,800-cr turnover Orders on hand worth Rs 1,200 cr. Chennai, April 4 Despite the general economic slowdown, Bajaj Electricals Ltd hopes to close 2008-09 with a turnover in excess of Rs 1,800 crore, a 28 per cent growth. Mr Shekar Bajaj, Chairman and Managing ... MERGERS & ACQUISITIONS: Understanding M&A motives So far this year, global pharma M&As have already topped $160 billion (Rs 8000 billion rupees), and going by the trend, this may only be the beginning. But what’s notable is that these mega mergers that are marking their presence in ... AWARDS & HONOURS: HCL Tech, Hind Zinc bag Hewitt’s best employer award Mumbai, April 4 Software major HCL Technologies and Vedanta Group Company Hindustan Zinc have been named the best employer of the year by HR consultancy firm Hewitt Associates. The sixth edition of “Best Employer in India Study ... MERGERS & ACQUISITIONS: Vote on Reliance Petro merger Reliance Industries Ltd held its Extraordinary General Meeting (EGM) on Saturday in order to vote on the merger of its subsidiary Reliance Petroleum with the company. Equity shareholders, secured and unsecured creditors of RIL participated in ... OUTLOOK: HPCL Vizag refinery crosses 9 mt The HPCL Visakha refinery surpassed 9 million tonnes per annum (mtpa) for the financial year 2008-09, for the third consecutive year, according to a press release issued here on Saturday. Mr P.A.B Raju, Executive Director, said in the release ... ALLIANCES & JOINT VENTURES: ABB, ZPMC to develop new solutions for offshore vessels ‘Benefits to customers in a new market area’. Bangalore, April 4 ABB, leading power and automation technology group, announced that it has signed an agreement with ZPMC (Shanghai Zhenhua Port Machinery Co Ltd), leading manufacturers ... OUTLOOK: BHEL electronics division’s revenue crosses Rs 2,000-cr mark Profit before tax rises 14% at Rs 506 cr. Bangalore, April 4 Maintaining a steady annual growth of 24 per cent in the last five years, the Bangalore-based Electronics Division of Bharat Heavy Electricals Ltd (BHEL) crossed the Rs 2,000-crore ... MERGERS & ACQUISITIONS: Suzlon likely to seek time to pay Martifer for REpower stake Mumbai, April 4 Suzlon Energy Ltd could seek extension of the May deadline for paying Rs 1,300 crore (€205 million) to the Portuguese company Martifer for acquiring the remaining stake in the German wind power company ... OUTLOOK: Panasonic consolidating here ... MERGERS & ACQUISITIONS: Xander ups stake in Sinclairs Hotels; open offer at Rs 172.50/share Kolkata, April 4 Xander Investment Holding X Ltd, a Mauritius-registered financial investment outfit of the private equity player Xander group, is set to convert the remaining warrants, issued to it in December 2007 by Kolkata-based ... NEW PROJECTS: IOC launches Paradip-Haldia pipeline at higher cost Kolkata, April 4 Mr Sarthak Behuria, Chairman of IndianOil, on Saturday inaugurated the Paradip-Haldia crude oil pipeline system at Paradip. The project included, laying a 330-km long pipeline linking Paradip with Haldia and Barauni Refineries ... REGULATORY BODIES & RULINGS: Zydus files new drug application with USFDA Ahmedabad, April 4Cadila Healthcare Ltd (Zydus Cadila) has announced the filing of the investigational new drug (IND) application for ZYT1 — a novel lipid lowering molecule with the US Federal Drug ... SICK UNITS: When a company goes bankrupt The fate of US auto majors, General Motors and Chrysler LLC, hangs in a balance. The companies have to, before their respective deadlines, restructure themselves if they wish to survive. Bankruptcy may be the only option if the companies fail ... 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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