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Tuesday, November 03, 2009
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INTERVIEW: No cartelisation in cement sector: Vinita Singhania
CMA President insists pricing is market-driven. Mumbai, Nov. 2 Ms Vinita Singhania, Managing Director, JK Lakshmi Cement, became the first woman to take charge as the President of the Cement Manufacturers Association (CMA). She spoke to ...

VENTURE CAPITAL: Novartis Venture Funds looking at innovative India opportunities
Cambridge (US), Nov. 2 Valuations that were way too high about a couple of years ago may have deterred Novartis Venture Funds from investing in Indian life-science companies. But the corporate biotech-venture investor still has its eye on ...

ALLIANCES & JOINT VENTURES: Eicher arm may partner Swedish co
Eicher Motors Ltd (EML) has informed the NSE that its subsidiary company VE Commercial Vehicles (VECV) is looking to enter into a joint venture with Swedish firm Vinn Group AB in the field of Engineering Design Services.Vinn Group AB is a ...

SOCIETY & DEVELOPMENT: RINL gives Rs 5 cr to relief fund
RINL (Visakhapatnam Steel Plant) contributed Rs 5 crore to the AP Chief Minister’s Relief Fund, according to a press release. The cheque was handed over to the Chief Minister in Hyderabad on Monday in the presence of Mr A. Sai Pratap, ...

PEOPLE: P.K. Bajaj new MD of Durgapur Steel
Mr Pankaj Kumar Bajaj has taken over as the new Managing Director of Durgapur Steel Plant of Steel Authority of India Ltd (SAIL). He succeeds Mr V. Shyamsundar. Before taking over as Managing Director of DSP, Mr Bajaj was Executive ...

ALLIANCES & JOINT VENTURES: Air India, Aerostar join hands for jet engine repair services
Mumbai, Nov. 2 Air India’s Engine Overhaul Facility, Mumbai, and Aerostar Asset Management, Sharjah, UAE, have created an Engine MRO brand called ‘The A Team’, said an Air India ...

RESTRUCTURING: Mukand to sell Kalwa unit land, use internal accruals to halve debt
Mumbai, Nov. 2 Mukand Ltd, part of Bajaj Group, plans to reduce it Rs 1,350-crore debt by more than half in a year by selling off surplus land at its plant in Kalwa, on the outskirts of Mumbai, and utilising ...

OUTLOOK: Audi may assemble more cars in India
Targets 50% yearly sales growth. New Delhi, Nov. 2 Luxury car-maker Audi has said that it is planning to assemble more cars in India, rather than bring the vehicles as completely built units (CBUs) that attract higher taxes. This move is to ...

OUTLOOK: Bafna Pharma to enter contract research, manufacturing
Chennai, Nov. 2 Chennai-based Bafna Pharmaceuticals Ltd will begin its innings in ‘contract research and manufacturing’ around December, when its new, Rs 12-crore research facility would be ...

EVENTS: Stamp on Apollo Hospitals
...

ACCIDENTS: Damage inspection
...

PEOPLE: Harsh Lodha is Chairman of Universal Cables
Mr Harsh V. Lodha was appointed Chairman of Universal Cables, an M. P. Birla Group outfit. Earlier this month, Mr Lodha was appointed Chairman of the group flagship company ...

ANNOUNCEMENTS: Cadila launches new TB drug
Ahmedabad, Nov. 2 Cadila Pharmaceuticals Ltd has launched Risorine, an anti-tubercular drug, which is expected to increase the turnover of the company by 30-40 per cent, according to an ...

PEOPLE: GMR International CEO quits
Hyderabad, Nov. 2 Within days of GMR group inaugurating the terminal at the Sabiha Gokcen International Airport at Istanbul (Turkey), Mr Ranjit Murugason, Chief Executive Officer of GMR International, ...

MERGERS & ACQUISITIONS: McNally Bharat completes Humboldt Wedag arm buy
Kolkata, Nov. 2 McNally Bharat Engineering Company Ltd (MBE), belonging to the BM Khaitan Group, has concluded the acquisition of coal and mineral technology business of Humboldt Wedag GmbH, according to a company ...

BONUS ANNOUNCEMENTS: Gujarat NRE Mineral allots bonus shares
...

FINANCIAL PERFORMANCE: DCW Q2 net doubles
Mumbai, Nov. 2 Chemicals manufacturer DCW has reported a net profit of Rs 21.7 crore for the quarter ended September 30, 2009 against Rs 9.5 crore in the same period last ...

PEOPLE: New CEO for Hyundai Motor India
...

HUMAN RESOURCES: Lakshmi Machine Works to step up operational excellence plan
‘The anxiety of the global meltdown did not spare any. While most organisations panicked, wondered what to do when the going got tough, Lakshmi Machine Works (LMW) leveraged this opportunity to emerge stronger by stepping up its ...

PEOPLE: New Finance Director for RINL
Mr P. Madhusudan, the new Director-Finance of Rashtriya Ispat Nigam Limited (the Vizag steel plant), assumed charge here on Monday, according to a press release. Mr Madhusudan qualified as a chartered accountant in 1982 and passed the ICWA exam ...

NEW PROJECTS: Mega project tag for Sirpur Paper
Sirpur Paper Mills Ltd has been accorded mega project status by the Andhra Pradesh Government under the industrial promotion policy. This would result in special and extra sales tax benefits to the company for a period of five years, it informed ...


Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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US Dollar (Buy/Sell)46.96/97
Brent crude (a bbl) Rs3,539
Gold (a gram) Rs1,490
Silver (a kg) Rs27,205

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Oct. 25-Oct. 31
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