The Hindu Business Line : Corporate

Mar. 1: Pharmaceutical Product Development Inc acquires the rights to develop, manufacture and market Ranbaxy Laboratories’ novel anti-cholesterol statin.

Himatsingka Seide completes acquisition of a 70 per cent equity stake in Giuseppe Bellora SpA, Italy.

Mar. 2: Jindal Steel and Power Ltd reaches an agreement with the Bolivian Government regarding its proposed $2.1 billion investment in mining and steel-making at the El Mutun iron ore mines.

The Hindalco Board approves the issue of up to 6.75 crore equity shares and 8 crore warrants to the promoters for a maximum of Rs 2,600 crore.

Larsen and Toubro, through its investment arm, L&T Capital Company Ltd, picks 14.95 per cent stake in the Coimbatore-based Salzer Electronics Ltd.

Suzlon Energy says its $1.3-billion offer to buy German wind power company REpower has won approval from the German financial watchdog BaFin.

Mar. 5: Reliance Wind Energy, an arm of Reliance Anil Dhirubhai Ambani Group’s energy business, setting up a 150 MW wind power project at Sangli in Maharashtra.

Granules India Ltd enters into an outsourcing agreement with Matchland Pty Ltd, (trading as New Products Development), Australia. Mar. 6: GE Energy Financial Services, a unit of General Electric, sets up its office in India.Real estate development company DLF and Prudential Financial Inc, a US-based financial services company, to form a joint venture life insurance company in India.

Mar. 7: The Sekhsaria group-Holcim combine raises stake in ACC by over 2 per cent through secondary market operations. Ambuja Cement India Pvt Ltd, the principal stakeholder in ACC Ltd, has raises stake further through the creeping acquisition route to 37.07 per cent from 35.15 per cent.

Engineering company Greaves Cotton Ltd announces the acquisition of Bukh-Farymann Diesel GmbH, a diesel engine manufacturing company in Germany.

Tata Motors acquires manufacturing facility in South Africa.

Mar. 8: Mahindra & Mahindra wins the bid for acquiring controlling stake in Punjab Tractors.

Tata Steel, through its wholly owned Singapore subsidiary, NatSteel Asia Pte Ltd, enters into separate agreements to acquire controlling stake in two rolling mills located in Haiphong, Vietnam.

Mar. 9: Italy’s Lavazza Group signs an agreement with the Sterling Infotech Group to acquire 100 per cent stake in Barista Coffee Company Ltd and Fresh and Honest Café Ltd.

The Chairman of Bajaj Auto Ltd, Mr Rahul Bajaj, says both Mr Rajiv Bajaj and Mr Sanjiv Bajaj will continue to be part of the company even after the proposed demerger takes place.

The West Bengal Government signs the land lease agreement with Tata Motors for the latter’s small car project at Singur.

Mar. 10: The Board of Reliance Industries Ltd decides on a 1:5 share swap ratio for merging Indian Petrochemicals Ltd into RIL.

Mar. 13: Havell’s India Ltd acquires SLI Sylvania’s lighting business for $300 million (about Rs 1,350 crore), making it the biggest overseas takeover by an Indian electrical equipment manufacturer till date.

Aban Offshore Ltd informs the stock exchanges that its subsidiary, Deep Drilling 1 Pte Ltd, has received a "notice of termination" from Reliance Industries Ltd relating to a drilling contract entered into for the deployment of the rig, Deep Driller 1.

Mar. 14: Bharat Petroleum Corporation Ltd and Tata Petrodyne pick up 25 per cent each participating interest in two exploration blocks in the North Sea gas basin in UK.

Mar. 15: Maruti Udyog Ltd hikes prices of all its models on account of increased cess announced in the Union Budget 2007-08. The hike ranges between Rs 258 and Rs 1,017 (ex-showroom-Delhi prices).

Mar. 16: Ballarpur Industries signs a $261-million deal to acquire Sabah Forest Industries Ltd, Malaysia which operates an integrated paper and pulp mill.

Mar. 19: The Telecom Dispute Settlement and Appellate Tribunal directs Sun TV to provide its signals to Direct-to-Home provider TataSky.

Tata Motors rolls out its 1,00,000th Ace, its mini-truck, 20 months after its launch, from the company’s Pune plant.

Mar. 20: Essar Shipping’s attempts to delist its shares from the Bombay Stock Exchange come a cropper, with the company not being able to garner the minimum number of shares needed to be tendered by public shareholders.

Mar. 21: AstraZeneca’s global downsizing will not touch India, according to its CEO, Mr David Brennan.

Punj Lloyd Ltd receives extension of its contract with New Doha International Airport.

Mar. 22: Fidelity International picks up 5 per cent equity in Ess Dee Aluminium, a company providing packaging materials to pharma companies.

Mar. 23: Stryker Corp opens first Asia Pacific R&D centre at Gurgaon

Emami Ltd forays into cement sector. Signs a MoU with the Chhattisgarh Government for setting up a 4-million-tonne plant including a 100-MW captive power plant in the State.

Mar. 24: Godrej Consumer Products Ltd and Swedish-based SCA Hygiene Products AB agree to form a joint venture company to manufacture and market paper-based absorbent hygiene products such as sanitary napkins and baby diapers.

Mar. 26: Volkswagen AG defers plans to host an on-site ceremony at Chakan scheduled for April 4 and cancels a supplier meet slated for mid-May, ostensibly in order to review the models that will be launched in the Indian market.

Glenmark Pharmaceuticals says it is acquiring more than 90 per cent stake in Czech company Medicamenta, for an undisclosed consideration.

Mar. 27: Batliboi Ltd acquires Ontario-based Quickmill Inc for Rs 22 crore.

The India Today Group ties up with the publishers of the Daily Mail, Associated Newspapers (ANL) to launch mainline newspapers in India.

Mar. 28: Rain Commodities Ltd opts out of the race to acquire assets of Great Lakes Carbon Income Fund, Canada in the wake of a higher bid price from Oxbow Carbon & Minerals Holdings Inc.

Nestlé and The Coca-Cola Company announce they have reached a final agreement on refocusing the activities of their Beverage Partners Worldwide joint venture.

Mar. 30: Mahindra & Mahindra Ltd announces its entry into the challenging North African market by launching the all-new Scorpio SUV and its single cab and double cab pick-up variants in Morocco.

Mar. 31: Tata Power Company says it has signed a $1.1-billion (Rs 4,950 crore) deal to buy 30 per cent stakes in two Indonesian coal companies, and in a related coal trading company, all promoted by PT Bumi Resources Tbk (Bumi), Indonesia.

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

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