The Hindu Business Line : Corporate

Jan. 2: Setco Automotive Ltd acquires the US manufacturing facility of Haldex Brake Products Corporation USA through its subsidiary Setco Automotive N.A. Inc in Paris, Tennessee.

Auto component maker Federal-Mogul Goetze India Ltd says promoter Mr Anil Nanda has sold 2.85 per cent stake in an open market transaction.

Jan. 3: NGC buries differences with Essar Oil and agrees to sign the product sharing contract for the Ratna-R-series deepwater offshore oilfields.

Jan. 4: Wellspring, the chain of pathology laboratories and diagnostic centres promoted by Nicholas Piramal India Ltd, acquires radiology and imaging centre Jankharia Imaging for an undisclosed sum.

DaimlerChrysler signs an MoU with the Maharashtra Government to set up a new manufacturing facility in Chakan MIDC area, Pune, to manufacture the C-class, E-class and S-class vehicles.

Jan. 5: General Motors India says it will set up an engine and gearbox (powertrains) manufacturing plant in the country.

Videocon Industries-led consortium prepares to start fresh negotiations with the creditors of Daewoo Electronics for acquiring the Korean company.

Biocon Ltd announces a 50:50 joint venture with Neopharma, the Abu Dhabi-based outfit of NRI healthcare figure, Dr B.R. Shetty.

Bombay Dyeing says it will shift its entire textile production from Worli facility in Mumbai to Ranjangaon, near Pune.

Jan. 7: The Petroleum Ministry turns down the request of Oil and Natural Gas Corporation to sell its output from Mumbai High fields to the refiners through market related price.

Jan. 8: United Spirits says it will not raise its offer price for taking over Scottish company Whyte & Mackay, days before officials from both the companies are expected to meet to finalise the deal.

Jan. 14: Honda Motor Co zeroes in on Rajasthan to set up its second plant in India.

Jan. 19: Tata Motors enters Pakistan through its 100 per cent South Korean subsidiary, Tata Daewoo Commercial Vehicles Ltd.

Jan. 21: Tata Motors begins construction work on its Rs 1,000-crore small car plant in Singur at Hooghly district.

Jan. 22: ONGC says it will not share rigs with other exploration and production companies working in India, for any of the scheduled exploration activities expected to continue till 2009-10.

Nimbus Communications Ltd has received an injection of Rs 552 crore from 3i, Cisco and Oman Investment Fund.

Jan. 26: UBS Global Asset Management, a leading international asset management company, says it has agreed to buy Standard Chartered Group’s mutual fund business in India for about $120 million.

Jan. 31: Mr Ratan Tata and India Inc breaks into the top league with Tata Steel snapping up Corus in the biggest overseas acquisition by an Indian entity. Tatas kayoe Brazil’s CSN to pick up Corus at 608 pence a share in an all-cash deal costing $12.1 billion (Rs 53,361 crore).

Company Law Board upholds the allotment of 150 million shares in Haldia Petrochemicals Ltd to Indian Oil Corporation

Events 2007 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

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