|
|
CORPORATE
MERGERS & ACQUISITIONS:
Lanxess India to acquire assets of Gwalior Chem for Rs 536 cr
May not trigger open offer as transaction involves only asset sale. Mumbai, June 8 Specialty chemicals company Lanxess India Pvt Ltd is set to acquire the chemical businesses and some assets of Gwalior Chemical Industries Ltd for Rs 536 crore ...
MERGERS & ACQUISITIONS:
Pfizer acquires Vetnex business
Ranbaxy had divested firm to ICICI Venture. Mumbai, June 8 Pfizer Animal Health has acquired Vetnex Animal Health Ltd, Ranbaxy’s animal health business that was later divested to ICICI ...
CREDIT RATING:
Moody’s downgrades Tata Steel
Mumbai, June 8 Moody’s Investors Service has downgraded both Tata Steel and its UK subsidiary Tata Steel UK (Corus) by ...
DIVERSIFICATION:
Harrisons Malayalam seeks to move into FMCG sector
Looks to attain a pan-India identity. Kochi, June 8 From being a mainly plantation-driven company, Harrisons Malayalam is fast moving into the FMCG (fast moving consumer goods) sector and is extending its reach into a variety of ...
OUTLOOK:
Biocon to invest in cell for innovation at ISB
Specialisation courses to be started. Bangalore, June 8 Biocon Ltd announced setting up of the Biocon Cell for Innovation Management at Indian School of ...
ESOPS:
JP Associates unveils ESOP at 70% discount to market price
1.25 crore shares to be offered at Rs 60 a share. Realty and infrastructure major Jaiprakash Associates has said it would offer 1.25 crore shares to its employees at Rs 60 a share, a discount of 71 per cent over the last traded price of Rs ...
TRADE & LABOUR UNIONS:
J K Jute Mills to close unit again
Kanpur-based J K Jute Mills, which resumed operations in 2008 after being closed for nearly six years, announced on Monday that it will be shutting down again because of alleged labour unrest. The mill started operations in October 2008, ...
RIGHTS ISSUE:
Dish TV promoters sell stake to fund rights issue
5.8% of holdings sold for Rs 270 crore. New Delhi, June 8 The promoters of Essel Group’s direct-to-home venture, Dish TV, have sold 5.8 per cent stake for Rs 270 crore to fund their share of a rights ...
OUTLOOK:
PTC plans to float $500 m power fund; eyes coal assets abroad
New Delhi, June 8 Power trading major PTC India Ltd on Monday said it plans to establish a $500-million fund this fiscal year to finance power projects in the ...
ANNOUNCEMENTS:
Hetero delivers Fluvir to treat 7 lakh patients
Hyderabad, June 8 To bolster Government’s preparedness to combat a possible pandemic of Influenza A (H1N1), Hetero Group has supplied adequate quantities of the drug Fluvir, to treat 7 ...
ALLIANCES & JOINT VENTURES:
Hyatt group venture with Emaar MGF cleared
New Delhi, June 8 The Foreign Investment Promotion Board (FIPB) has approved a proposal by Hyatt Group company HP India Holdings Ltd to establish hotels, in a JV with Emaar ...
PERFORMANCE:
Leyland sales at 1,977 nos in May
Chennai, June 8 Ashok Leyland sold 1,977 vehicles in May growing by 13 per cent sequentially from selling 1,750 units in April this year. However, it witnessed 65 per cent drop when compared with the May 2008 figure of ...
AUDITING:
New auditors for NorthGate
Price Waterhouse, chartered accountants, the statutory auditors of Northgate Technologies, have resigned recently. Consequently, the Hyderabad-based technology company has appointed Mr BSR and Company as statutory auditors to fill the vacancy ...
NEW BUSINESS:
Areva T&D bags PowerGrid orders
...
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