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CORPORATE
RESTRUCTURING:
3 ADAG group cos see inter se transfer of shares
Rel Comm, Rel Cap & R-Power shuffle promoter holdings. Mumbai, Oct. 12 In a disclosure to the exchanges, three Anil Ambani group companies said their promoter holdings have been re-structured through transfer of shares among group ...
OUTLOOK:
Aggressively priced Chevrolet Cruze to heat up D segment battle
GM hopes to sell 500-600 units a month. New Delhi, Oct. 12 General Motors (GM) India announced on Monday the launch of the Chevrolet Cruze, the first car in the company’s long awaited 300 ...
OUTLOOK:
Chinese trucks could be part of GM’s global script for India
Company in talks with Shanghai Auto to make Wuling series here. Mumbai, Oct. 12 General Motors India is putting in place an aggressive global plan for its cars, engines and even light commercial vehicles, to be produced in tandem with ...
NEW PROJECTS:
NMDC to invite steel majors for Karnataka project
National Mineral Development Corporation (NMDC) will be inviting expression of interest (EOI) bids from global and domestic steel majors by end December to partner with it for setting up a fivemillion tonne steel plant in Bellary, ...
OUTLOOK:
No India launch of Mini hatchback for now, says BMW
Mumbai, Oct. 12 German auto major BMW has no immediate plans to bring its Mini hatchback to India, said Mr Peter Kronschnabl, President, BMW ...
NEW PROJECTS:
Alfa Laval inaugurates new facility
The process equipment and technology provider Alfa Laval has inaugurated a new facility at Sarole to produce Helpman air unit coolers to cater mainly to domestic demand. The units will initially be assembled at the existing premises of ...
OUTLOOK:
JSW Energy in talks with global majors
Chennai, Oct. 12 Leading global electricity transmission and distribution majors are in talks with JSW Energy to work with the company in India, the JSW Energy’s Chief Financial Officer, Mr Pramod Menon, told presspersons here ...
NEW PROJECTS:
Tata Steel’s Bastar plant gets nod at public hearing
Kolkata, Oct. 12 A public hearing for the proposed 5.5 mtpa (million tonnes per annum) greenfield steel plant of Tata Steel was held at Lohandiguda, Bastar district, Chhattisgarh, on Monday, according to a company ...
MERGERS & ACQUISITIONS:
Competition Act — M&A issues that need ironing out
It has been over six years since the Competition Act 2002 came into force. But certain key provisions of the amended Competition Act, meant to give full power to the anti-monopoly watchdog, Competition Commission of India (CCI), are yet to ...
ALLIANCES & JOINT VENTURES:
VVA Hotels, Radisson sign pact
Chennai, Oct. 12 The Chennai-based VVA Hotels has tied up with Radisson Hotels International Inc, the US, to operate VVA’s facility coming up in ...
HUMAN RESOURCES:
Apache Footwear on hiring spree
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DIVIDEND ANNOUNCEMENT:
Exide Q2 net up; to pay 60% interim
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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
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