The Hindu Business Line : Corporate

Feb. 3: Indian Farmers Fertiliser Cooperative Ltd signs an MoU with Jordan Phosphates Mines Company for setting up a latest phosphoric acid plant in southern Jordan.

Feb. 5: Tata Motors signs a technology licensing agreement with Moteur Developpment International of France for co-developing and applying the latter’s innovative technology for engines powered by compressed air.

Feb. 6: Larsen & Toubro Ltd launches a ready-mix concrete plant with a production capacity of 2,000 cubic metres per day in Jebel Ali, Dubai.

Feb. 7: Zenotech Laboratories Ltd on Wednesday announced an agreement with Ranbaxy Laboratories Ltd for the development and marketing of its first biosimilar product G-CSF (Filgrastim).

Feb. 8: Larsen & Toubro Ltd and Boeing Company sign a memorandum of understanding for the joint exploration of business opportunities in India’s defence sector.

Feb. 9: Coimbatore-based Revathi Equipment Ltd acquires a Bangalore-based engineering design solutions company Potential Service Consultants for Rs 30 crore.

Oil and Natural Gas Corporation and Russia’s Gazprom agree to jointly explore oil and gas fields in India, Russia and third countries.

Raytheon Company signs a memorandum of intent with Tata Power’s Strategic Electronics Division to seek collaboration in areas of complementary expertise and experience.

Feb. 10: CD maker Moser Baer India forays into home video entertainment industry.

Omax Autos enters into a memorandum of understanding with an Iranian company to set up two joint venture companies, one in India and the other in Iran for manufacturing auto parts.

Feb. 11: Hindalco says it is acquiring US-based Novelis in $6-b all-cash deal

Feb. 12: Daewoo plant assets to be sold for Rs 765 cr to Crosslinks, a company jointly promoted by former Hyundai Motor India President Mr B.V.R. Subbu and Mr Ajay Singh, one of the promoters of SpiceJet Airlines.

GHCL acquires US co Best Manufacturing for $35 m

The Singapore-based Essar Steel Vietnam Holdings Private Ltd, a subsidiary of Essar Steel, signs a joint venture agreement with Vietnam Steel Corporation and Vietnam General Rubber Corporation to form a joint stock company.

Feb. 13: Prince Stone Investments Ltd, the Mauritius-based holding company of Lanco Infratech Ltd, and Jindal Steel & Power Ltd together acquire 100 per cent of the equity holding of Globeleq Ltd in Globeleq Singapore.

Feb. 14: Tata Motors and Fiat S.p.A, Italy sign an agreement that provides for a Tata licence to build a pick-up vehicle at Fiat’s plant in Córdoba, Argentina. The vehicle will bear the Fiat nameplate.

GAIL (India) Ltd launches `e-tendering’ facility, which enables on-line submission of technical bids and price bids in standard format/templates. The platform provides for digitally signed tender and bid documents for user authentication and has facility for vendors to upload queries

Feb. 15: Bankers reject SPIC’s `improved proposal’ for debt revamp

West Bengal’s first two-wheeler project Global Automobiles Pvt Ltd, set up by the Xenitis Group, in a tie-up with Guangzhou Motors Company of China, takes off.

Feb. 16: NEPC India Ltd launches Power House, solar energy equipment to provide power for households and shops in 500W and 1000W capacities.

Indian Tourism Infrastructure Ltd acquires Gem Tours & Travels Pvt Ltd, a luxury tour operator, for Rs 400 crore.

Feb. 17: Tamilnadu Petroproducts Ltd signs a `master swap agreement’ with Shell International Trading and Shipping Company to enable TPL to manage the price risks associated with its typically price-volatile feedstocks — kerosene, benzene, fuel oil and imported n-paraffin.

Feb. 18: Wockhardt Hospitals launches its first 50-bed regional hospital in Bangalore.

Feb. 19: DGH disallows ONGC’s gas discovery in KG basin.

Feb. 20: HLL says it will exit marine products business.

Feb. 21: Indian Oil Corporation shelves plan to set up an LPG pipeline network connecting its major refineries owing to lack of throughput.

BPCL decides to sell its 49 per cent stake in Bharat Shell Ltd to its overseas partner, Shell Overseas BV.

Feb. 22: Kinetic Motor signs contracts with companies in Egypt and Sudan worth approximately Rs 28-30 crore for the sale of 6,000-7,000 scooters by the end of this calendar year.

Feb. 23: The US District Court of New Jersey rules in favour of Japanese company, Astellas Pharma. on its generic version of Flomax prostate drug. Ranbaxy loses the case.

Bombay Rayon Fashions Ltd acquires 70 per cent stake in UK based-DPJ Clothing Ltd for $2.9 million (Rs 13.30 crore).

Feb. 24: Reliance Industries Ltd says it will ramp up its gas production capacity from 40 to 80 million standard cubic metres per day at the Krishna-Godavari basin.

Feb. 26: The conversion price for the 12-crore preferential warrants in Reliance Industries to be issued to promoters fixed at Rs 1,402 per share.

Mahindra & Mahindra, Renault and Nissan announces a joint venture to produce cars at a new plant near Chennai, at an investment of Rs 4,000 crore.

Feb. 27: Holcim increases its stake in Ambuja Cement India Ltd to 78 per cent, buying an additional 11 per cent stake from Gujarat Ambuja Cements Ltd.

Hindustan Motors Ltd enters into an arrangement with Shriram Properties Ltd of Bangalore for the development of an integrated IT township and an auto park in 314 acres of land specifically identified for the purpose at Uttarpara.

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

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