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CORPORATE
HUMAN RESOURCES:
Uptick in hiring of direct workers, says survey
Contract worker lay-offs see a reversal in March quarter. New Delhi, June 6 The optimism about an impending turnaround is beginning to reflect in the hiring activity in key manufacturing sectors, both for direct and contract ...
NEW PROJECTS:
Danone gets FIPB nod to go it alone in food, biscuits segment
New Delhi, June 6 On the heels of resolving its two-year dispute with the Wadia Group over control of Britannia, Groupe Danone SA has received Government’s permission for a solo entry into food, beverage, biscuits, cereal, dairy and ...
PERFORMANCE:
NTPC moves up the ladder on efficiency
Adopting ultra-supercritical technology. New Delhi, June 6 NTPC Ltd, the country’s largest power generator, is moving up the ladder on efficiency norms for new ...
SICK UNITS:
Bankruptcy — out of money but not options
Auto giant General Motors announced that it was filing for bankruptcy last Monday, closely following a similar move by Chrysler. Though it was widely expected, the fall of General Motors, manufacturer of brands such as the Cadillac, Chevrolet ...
SICK UNITS:
Raymond shuts down loss-making Belgium, US units
Provides for Rs 230 cr fall in value of investments. Chennai, June 6 Raymond Ltd has closed down two overseas units of its denim joint venture and said that it has provided for diminution of Rs 230.13 crore in the value of its investments in the ...
PRIVATE PLACEMENT:
The QIP way to raising funds
News of realty companies raising money through institutional placements has been a market trigger for the run up in some realty stocks in recent weeks. While fears of a liquidity crunch have abated for realty developers, the challenge of ...
ANNOUNCEMENTS:
Apollo Hospitals Group gets $50-m IFC funding
Speeding up Rs 1,400-cr expansion programme. Hyderabad, June 6 Apollo Hospitals Group has sealed a deal with International Finance Corporation (IFC), the World Bank’s private sector arm, for a funding of $50 million, which will help the ...
PRIVATE PLACEMENT:
RCom to raise funds through QIP route
Mumbai, June 6 Anil Ambani-controlled Reliance Communications intends to raise funds from qualified institutional investors either through a share sale or an issue of ...
NEW PROJECTS:
ONGC clears revised cost estimates
ONGC board on Saturday gave its nod to the revised cost estimates for developing the on-land field in Rajasthan. The board has agreed to invest additional $356 million in the fields where ONGC holds 30 per cent stake and the rest owned by ...
ENVIRONMENT:
Nandan Bio’s eco-initiative programme
Nandan Biomatrix Ltd has launched an eco-initiative programme called ‘Parivartan’. To start with it has taken up the planting of one million Jatropha saplings in Andhra Pradesh, Orissa, Karnataka and Gujarat. A major objective was ...
AWARDS & HONOURS:
Lanco Aban gets TERI award
Lanco Aban Power Company Ltd was awarded the TERI corporate special award for environmental excellence for 2008-09. According to a statement, the award was handed over to Lanco officials on Friday, the World Environment Day by the President, ...
PEOPLE:
New GVK Power Vice-Chairman
GVK Power & Infrastructure Ltd has informed the BSE that the board of directors of the company has appointed Mr G.V. Sanjay Reddy, Director, as Vice-Chairman of the company. — ...
SICK UNITS:
GM’s bankruptcy explained
Two government bailouts and multiple discussions later, the iconic US carmaker, General Motors (GM), finally filed for Chapter 11 bankruptcy protection on the first day of this month. A Chapter 11 bankruptcy filing gives the ailing car giant ...
OUTLOOK:
Bombardier hands over first set of coaches to Delhi Metro
Level of indigenisation still low at 35-40%: Sreedharan. Vadodara, June 6 Bombardier on Friday handed over a set of four metro coaches to Delhi Metro Rail Corporation (DMRC) — the first from its manufacturing facility at Savli industrial ...
MERGERS & ACQUISITIONS:
Suzlon completes buy of Martifier’s stake in REpower
Mumbai, June 6 Global wind power giant Suzlon Energy Ltd on Saturday said it has completed buying Portuguese company Martifier’s stake in Germany’s ...
SOCIETY & DEVELOPMENT:
ITC’s social forestry project now registered under Kyoto Protocol
Kolkata, June 6 The social forestry project of ITC Ltd is now registered under the Clean Development Mechanism (CDM) of the Kyoto ...
OUTLOOK:
NTPC to add 3,300 MW this fiscal
Firms up capex plan of Rs 17,700 cr. Mumbai, June 6 NTPC has firmed up a capex plan of Rs 17,700 crore for this fiscal, while its joint ventures and subsidiaries are expected to incur an additional Rs ...
VENTURE CAPITAL:
Ramky Enviro secures Rs 200-cr funding
Hyderabad, June 6 Ramky Enviro Engineers Ltd, a division of the Hyderabad-based Ramky Group, has secured Rs 200-crore private equity investment led by IL&FS Investment ...
REGULATORY BODIES & RULINGS:
Zydus moves DCGI for new diabetes, obesity drug
Pharmaceutical major Cadila Healthcare Ltd (Zydus Cadila) announced the filing of the IND application with the Drug Controller-General of India (DCGI) for a novel drug to treat diabetes ...
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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