Business Daily from THE HINDU group of publications
Thursday, April 16, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, April 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MERGERS & ACQUISITIONS: Daimler to go it alone for truck biz in India To pay Rs 105 crore for 40% Hero stake. Chennai, April 15 Daimler AG will buy out the Hero group’s stake to go it alone in the trucks business ... HUMAN RESOURCES: LIC dissents at Pfizer AGM over MD’s salary It would have been business as usual at multinational drug-maker Pfizer’s annual shareholder meeting, but for a dissenting LIC representative who opposed two enabling proposals to increase the salary of the managing director and ... OUTLOOK: India Cements banks on IPL II to drive image Ties up with travel portal makemytrip.com. Chennai, April 15 If the inaugural edition of the IPL T20 provided it an opportunity to project the brand, India Cements believes this year’s event being held in South Africa gives it a chance to ... NEW PROJECTS: ArcelorMittal’s plans in Orissa, Jharkhand delayed by two years Co reassessing cost of steel projects; hit by land acquisition delays. New Delhi, April 15 ArcelorMittal’s greenfield projects in Orissa and Jharkhand will be delayed by two years due in part to the global financial crisis. The production ... ALLIANCES & JOINT VENTURES: L&T signs pact with Russian reactor co Atomstroyexport Company’s third MoU for nuclear reactors. Mumbai, April 15 Engineering and construction company Larsen and Toubro and Atomstroyexport (ASE) of Russia have signed a memorandum of understanding (MoU) for co-operation relating to Russian ... COURTS/LEGAL ISSUES: Subhiksha to submit accounts in court At a hearing today on a winding up petition filed by Kotak Mahindra Bank in the Madras High Court against discount retailer Subhiksha, the company offered that it will submit in a sealed form the electronic copies of accounts of the company for ... PEOPLE: Escorts Construction gets new CEO Escorts Construction Equipment Ltd has announced the appointment of Mr Kanwal Kishore Vij as the Executive Director and Chief Executive Officer of the company. Mr Vij who is a mechanical engineer with advanced degrees in marketing and ... ESOPS: Divi’s Lab allots stock options The compensation committee of the board of directors of Divi’s Laboratories Ltd has allotted 89,950 equity shares of Rs 2 each to the employees under ESOP 2006 scheme of the company. Consequent to the above allotment, the paid-up share ... OUTLOOK: NTC scales up turnover target to Rs 760 cr Completes modernisation of 18 of its most viable mills. New Delhi, April 15 Buoyed up by a sound performance with a turnover of Rs 580 crore in 2008-09, National Textile Corporation (NTC) has set a higher turnover target of Rs 760 crore for the ... PERFORMANCE: United Spirits sales volumes up 20% in 2008-09 Bangalore, April 15 United Spirits, the world’s third largest liquor company, on Wednesday said its volumes grew 20 per cent to 90 million cases ... NEW PROJECTS: GVK commissions Jegurupadu phase II expansion Hyderabad, April 15 GVK Industries has commissioned the 220 MW Jegurupadu second phase power plant using gas supplied by GAIL through a swap deal with Reliance ... OUTLOOK: Apollo Tyres sees revival in replacements in Q4 of last fiscal Kolkata, April 15 Having witnessed a ‘revival of demand’ in the replacement market in the January-March 2009 quarter as against the third quarter of the last fiscal, Apollo Tyres is hopeful of sailing through the first quarter ...
OUTLOOK:
WelcomHeritage plans to add more properties this fiscal 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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