The Hindu Business Line : Corporate

July 2: The US-based Sara Lee Corporation sells its subsidiary’s business in India and Sri Lanka to its existing joint venture company Godrej Sara Lee for $13 million.

FACT shuts down plants for 3 months as losses mount.

July 3: Ashok Leyland enters into a joint venture with the Alteams Group of Finland to manufacture high pressure die casting aluminium products for automotive and telecommunications applications.

July 4: Honeywell joins Clinton energy efficiency initiative.

July 5: Reliance Industries Ltd tells the Bombay High Court that Reliance Natural Resources Ltd headed by Mr Anil Ambani wants gas to ‘trade in’ as it does not have a power plant requiring natural gas as of now.

Bajaj Auto Ltd announces the organisational revamp of its auto business into five strategic units.

Pyramid Saimira Theatre Ltd announces that it has issued $90 million (Rs 369 crore) of foreign currency convertible bonds.

M&M raises stake in Punjab Tractors to 64.6%.

Hyundai launches Santro CNG variant at Rs 3.25 lakhs.

July 6: MeTecno Group, an Italy-based company manufacturing insulated sandwich panels for the building and construction industry, sets up a manufacturing unit in Chennai.

July 7: TAFE Power sets up battery plant near Chennai.

July 10: The Tatas picking up a stake in the Mumbai-based Development Credit Bank, which could just fall short of the 5-per cent mark.

GMR consortium bags Istanbul airport contract.

July 11: Dabur Foods merged with Dabur India.

July 12: The Board of Approval for Special Economic Zones gives conditional nod to Mr Mukesh Ambani’s Navi Mumbai SEZ in Dronagiri, for a multi-product zone spread over 1,250 hectares.

ACC Ltd sells its wholly owned subsidiary ACC Nihon Castings Ltd to VN Enterprises Ltd of Hindustan Udyog Group for Rs 30 crore.

Natco Pharma Ltd strengthens its retail operations in the US by acquiring SaveMart Pharmacy, a multi-utility drug store in Lancaster, Pennsylvania, for an undisclosed sum.

July 13: Ranbaxy Laboratories Ltd closes its manufacturing facility at Jejuri, Pune from Friday, for being “unviable.”

The Board of Geojit Financial Services Ltd approves the setting up of a 50:50 joint venture company in India, with BNP Paribas Securities Asia.

July 14: The Tirupur-based Mehala group, which has business interests in marketing readymade garment textile machinery, takes over a running textile machinery manufacturing plant owned by Italy’s Finlane group for an unspecified sum.

July 15: The Anil-Ambani promoted Reliance Fuel Resources Ltd says the Mukesh Ambani-led Reliance Industries Ltd’s Krishna Godavari gas is its source for the proposed pipeline project.

July 16: Ashok Leyland and Siemens VDO Automotive AG of Germany sign an agreement to set up an equal joint venture.

July 18: Hindalco buying Alcan’s 45 per cent stake in their joint venture Utkal Alumina International Ltd.

Biocon sells enzymes biz to Danish co Novozymes A/S for $115 m

July 19: Glenmark Pharmaceuticals Ltd purchases two New Biological Entities from Canada-based Chromos Molecular Systems Inc for an undisclosed sum.

Jindal Steel and Power Ltd, along with its subsidiary Jindal Steel Bolivia, sign a contract with the Bolivian Government for the development of the El Mutun iron ore mine in the biggest investment deal by an Indian company in South America.

July 20: Rain Calcining completes CII Carbon buy

Tata Metaliks Ltd signs a joint venture agreement with Kubota Corporation and Metal One Corporation, both of Japan, for setting up a 1.1-lakh tonnes per annum capacity ductile iron pipe manufacturing plant at Kharagpur in West Bengal at an estimated investment of Rs 150 crore.

July 21: Reliance Industries raises its retail price of petrol and diesel by Rs 1.50 per litre each following the rise in international crude prices.

July 23: Rain Calcining Ltd serves a notice to Oxbow Carbon & Minerals LLC for termination of calcined coke marketing agreement and green petroleum coke supply agreement entered into on Sept. 18, 2004.

GE Equipment Services and Commercial Finance has picked up 15 per cent equity in Titagarh Wagons Ltd for an undisclosed sum.

July 24: The Lanco-Globeleq consortium’s winning bid for the 4,000-MW Sasan Ultra Mega Power Project declared as invalid.

July 26: Ranbaxy Laboratories Ltd and GlaxoSmithKline decide to settle out of court their patent row over GSK’s registered drug Valtrex.

GlaxoSmithKline Pharmaceuticals Ltd decides to divest its other peripheral business of fine chemicals.

July 28: Elder Pharma picking up 20% in UK’s Neutra Health Plc.

July 29: Rig shortage compels Reliance Industries Ltd to delay its exploratory commitments for its deepwater (D9) block in Krishna Godavari Basin.

July 30: Biocon Ltd and Abu Dhabi-based Neopharma set up their 50:50 Dubai venture, Neobiocon, seven months after signing an MoU.

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

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