Business Daily from THE HINDU group of publications
Thursday, November 12, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, November 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MERGERS & ACQUISITIONS: TVS Logistics acquires UK’s Multipart Holding Will invest Rs 125 crore to expand business. Chennai, Nov. 11 TVS Logistics Services Ltd has acquired a Rs 500-crore logistics solutions provider in the UK, Multipart Holding, , in the process increasing the company’s turnover to about Rs ... CORPORATE BONDS: Repo in corporate bonds likely in 2010 No plan to hike FII limit in corporate bonds. Corporate bonds are likely to become ‘repo-able’ in 2010, more than five years after this reform proposal was mooted, a top Finance Ministry official said here ... MANAGEMENT: PepsiCo board meet begins The PepsiCo global board which is meeting in Mumbai is expected to evaluate its India operations. According to a statement issued by PepsiCo India, “After nearly 20 years of continued investment here, India has become a vital market ... PEOPLE: New ED for Alloy Steel Plant Mr S. Chandrasekaran has taken over as the Executive Director of Alloy Steels Plant, Durgapur, a unit of Steel Authority of India Ltd, according to a company release. He succeeds Mr Amarjit Vijh. Before joining ASP, Mr Chandrasekaran was ... CORPORATE DISPUTES: RNRL not allowed to enter gas selling biz: RIL Reliance Industries Ltd (RIL) told the Supreme Court on Wednesday that the Anil Ambani-promoted Reliance Natural Resources Ltd (RNRL) was trying to enter the gas selling business despite the Reliance business empire’s de-merger ... ALLIANCES & JOINT VENTURES: French cheese-maker Bel in talks with Parag Foods for tie-up French cheese-maker Fromageries Bel is in advanced talks with Parag Milk Foods Pvt Ltd for an alliance to produce and market itsbrands of cheese in India, according to ... ANNOUNCEMENTS: Cipla offers to step-up swine flu drug supplies Mumbai, Nov. 11 As countries face shortages in the supply of drugs to treat Influenza A (HINI) or swine flu, drug-maker Cipla has indicated that it is ready to step-up its generic supplies of Oseltamivir and Zanamivir to India and other ... MODERNISATION: Expanded Malabar Spinning Mills set to go operational The new-look Malabar Spinning Mills, which has undergone expansion and modernisation, will become operational on ... PRIVATE PLACEMENT: GSPC may go for 5% private placement to raise Rs 1,000 cr Initial public offer to follow. Kolkata, Nov. 11 Having received the formal approval for its KG basin gas field development plan from the Ministry of Petroleum and Natural Gas on November 8, the Gujarat State Petroleum Corporation may soon go ... OUTLOOK: Avesthagen to pump up foods biz Plans sales push, new products. Bangalore, Nov. 11 Medicine, food and farm products company Avesthagen Ltd says it will start energising its flagging nutritional business with fresh investment, product additions and marketing push, all starting ... CORPORATE DISPUTES: MoU – Trash or guiding tool? Hardly any day of the hearing has passed by without an intervention or witty remarks by RNRL senior counsel, Mr Ram Jethmalani. It was no different on Wednesday. At the end of the day’s proceedings, Mr Jethmalani observed that RIL ... TWO/THREE WHEELERS: Hero Honda in limelight ... PERFORMANCE: Concor domestic traffic up 17% in April-Oct Kolkata, Nov. 11 If the present trend in domestic traffic growth persists, Concor may end the current fiscal with an average domestic traffic growth of 17-18 per cent. For exim traffic, it is yet to see light at the end of ... NEW PROJECTS: Rowghat: Bhilai Steel seeks consultant Kolkata, Nov. 11 Bhilai Steel Plant has floated a global tender to appoint a consultant to prepare a detailed project report to develop the Rowghat iron ore deposit ... VENTURE CAPITAL: IFC may invest Rs 450 cr in Sagar-Vicat cement plant Hyderabad, Nov. 11International Finance Corporation (IFC), the private financing arm of the World Bank, is likely to invest about Rs 450 crore in a cement plant project being jointly put up by Sagar Cements Ltd and France-based ... OUTLOOK: Jyothi Lab eyes Rs 25-crore turnover from laundry service Bangalore, Nov. 11 Jyothi Laboratories, which started its door-to-door laundry service with the launch of Fabric Spa, is looking at a Rs 25-crore turnover from the new service in the next one ... ANNOUNCEMENTS: Moog testing equipment for Suzlon Bangalore, Nov. 11 Industrial automation company Moog said it has designed and supplied critical testing equipment for the Suzlon Energy-owned Blade Test Centre ... NEW BUSINESS: NCC bags Rs 722-cr orders ... OUTLOOK: Apollo Tyres to raise output 60% in next fiscal New Delhi, Nov. 11 With a view to becoming one of the top tyre makers in the world in the next five years, Apollo Tyres said it will increase its production by 60 per cent in the next ... ALLIANCES & JOINT VENTURES: Jubilant-Duke varsity pact Duke University and Jubilant Organosys Ltd have signed a Letter of Intent to develop a multi-faceted partnership that will expedite translation of discoveries by Duke scientists into clinical therapies. Under the terms of the proposed ... 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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