The Hindu Business Line : Corporate

Nov. 1: Larsen and Toubro awarded Rs 5,550-crore contract to build the new integrated airport passenger terminal at Chhatrapati Shivaji International Airport.

Cipla gets Govt notice for over-charging

Nov. 2: Mahindra and Mahindra Ltd says it will be setting up a joint venture with equity participation from US-based Navistar International Corporation for manufacturing diesel engines in India.

The Special Court trying the 1992 securities scam defers the sale of 24 lakh Reliance Industries shares belonging to the estate of the late Harshad Mehta.

Fiat sells Kurla property to IKG for Rs 608 cr

Nov. 5: Deccan Aviation forms consortium with Nitin Raheja group, IDFC and GVK to bid for airport projects

Nov. 6: Videocon Group’s plans to promote a Special Economic Zone near Pune suffers a setback, with the Maharashtra Government staying the land acquisition process.

Nov. 7: The Debt Recovery Tribunal officially cleares the way for Crosslinks Finlease, promoted by the former Hyundai President, Mr BVR Subbu, SpiceJet’s Mr Ajay Singh, and India Online Network Ltd’s Mr Ashish Deora, to take over the assets of the facility and restart the erstwhile Daewoo plant in Uttar Pradesh.

Glenmark reorganises business into speciality and generic segments

Usha Martin Ltd selling the entire equity in its subsidiary company, UM Cables, to the Manchester-based B3 Cable Solutions.

Nov. 9: Ranbaxy Laboratories announces an out-of-court agreement with Japanese company Astellas and US subsidiary of German pharmaceutical company Boehringer Ingelheim with regards to the billion dollar plus drug Flomax (Tamsulosin capsules).

Nov. 12: Gulf Oil International Ltd along with its joint venture partner Dabbagh Group in Saudi Arabia, acquires Petromin.

Reliance Industries Ltd signs a production sharing agreement for a second exploration block off the Oman coast.

Nov. 13: Bajaj Auto, union hold talks on Akurdi plant

Nov. 14: Drug-maker Cipla receives a Government notice demanding Rs 24.23 crore, inclusive of interest for alleged overcharging by the company on antibiotic ciprofloxacin during the period April 2006 to Mar. 2007.

ACC transfers the ready mix concrete business to its wholly owned subsidiary ACC Concrete for a consideration of not less than Rs 100 crore.

Mitsui Chemicals Group setting up of a manufacturing facility to make resins for auto parts like bumpers, dashboards and pillars in India.

Nov. 15: Reliance Energy Ltd allocated two coal blocks in Orissa.

Nov. 16: Ranbaxy recalls epilepsy drug Gabapentin in the US

Nov. 19: Nicholas Piramal India Ltd forges a drug-development deal with Merck & Co Inc.

Gitanjali Gems buys US jewellery chain Rogers for $20 m

Nov. 20: The US-based Raytheon Company signs a memorandum of understanding with L&T for the MMRCA (medium multi role combat aircraft) programme.

Dabur India announces commissioning of its toothpaste manufacturing facility in Nigeria built at an investment of $4 million.

Reliance Industries signs a production sharing agreement for two exploration blocks in Yemen.

Nov. 21: ABG Engineering & Constructions Ltd, an ABG Group Company, along with private equity fund Tano Capital buying Cemp SpA of Italy for an enterprise value of approximately $40 million.

Nov. 22: Amrutanjan Ltd promotes a new company called Holistic Beauty Care Ltd.

Nov. 24: Reliance Industries nets Rs 3,662-crore profit from sale of a part of its equity holding in its subsidiary Reliance Petroleum.

Power Grid Corporation of India Ltd enters into an agreement with Reliance Energy Ltd to set up a joint venture firm for executing transmission projects associated with two hydel projects.

Nov. 26: The Bajaj brothers — Mr Rahul Bajaj and Mr Shishir Bajaj — inform the Company Law Board that the negotiations for an out-of-court settlement are still going on.

Rain Commodities Ltd merges with Rain Calcining Ltd.

Nov. 27: Nirma Ltd enters into a definitive agreement for the acquisition of the US-based natural soda ash producer Searles Valley Minerals Operations Inc and Searles Valley Minerals Inc (collectively SVM) for an undisclosed amount.

Nov. 29: Securitas AB of Sweden acquires 49 per cent stake in Walsons Pvt Ltd, for a consideration of Rs 67 crore.

Tata Steel signs a joint venture agreement with the Australia-based Riversdale Mining Ltd for a 35 per cent stake in Riversdale’s coal mining project in Mozambique.

L&T opens valve facility in China

5 PSUs join hands to float Coal Ventures International

MRF Ltd has declares a one-day lock out at its Tiruvottriyur factory in Chennai

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

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