The Hindu Business Line : Corporate

Sept. 1: Bajaj Auto alleges that TVS Motor Company is using the same technology in its recently launched 125-cc TVS Flame motorcycle and thereby infringing on their proprietary know-how.

Mr Venu Srinivasan, Chairman and Managing Director, TVS Motor Company, says TVS is a “principled company” and will not do anything unethical.

Sept. 2: TVS Motor Company proposes to file a suit against Bajaj Auto if the latter does not withdraw its allegations that TVS infringed on Bajaj’s proprietary know-how.

The decks have been cleared for the country’s first power exchange, with a proposal put forward by Multi Commodity Exchange of India Ltd and Financial Technology India Ltd to set up a nationwide power trading platform getting the regulatory nod.

Sept. 3: Bajaj Auto Ltd prepares to defend its intellectual property in the event a rival’s product that uses the Digital Twin Spark ignition (DTSi) is eventually introduced.

TVS Motor says Bajaj Auto had, at first, filed a complete final claim for patent for its “DTSi” technology on July 3, 2003 stating that “An improved internal combustion engine for efficient burning of lean air fuel mixture used in engines working in four-stroke principle, characterised in that said IC Engine comprising…” But, this was not the invention for which the patent was granted.

The Kalyani Group acquires RSBconsult GmbH (RSB) of Germany as a strategic step towards entering into the high-growth wind energy sector.

Sept. 4: Visteon completes sale of Chennai powertrain unit

Reliance buys majority stake in African oil retailer Gulf Africa Petroleum Corporation

Sept. 5: Mukand Ltd signs MoU with Belgium-based NV Bekaert SA to produce steel wires.

Sept. 6: The Sanmar group, led by Mr N. Sankar, selling residual stake in India Cements Ltd, to the co-promoters led by Mr N. Srinivasan, Vice-Chairman and Managing Director, India Cements, and his family.

Sept. 7: The Hong Kong-based CLP group setting up a 100-MW wind farm in Gujarat at a total cost of over Rs 500 crore.

Fortis Healthcare Ltd says its subsidiary International Hospitals Ltd, together with Oscar Investments Ltd, will acquire about 53 per cent equity of the Chennai-based 180-bed Malar Hospitals Ltd.

Carborundum Universal Ltd acquires 84 per cent of the ordinary shares of Russian company Volzhsky Abrasive Works for $37 million (around Rs 150 crore).

Maruti Udyog Ltd captures about 60 per cent of the small car market in Indonesia.

Sept. 8

Bajaj offers VRS, 2 other options to Akurdi workers

A joint working group comprising four members each from SAIL and Posco of Korea formed to look into the broad co-operation agreement entered into between the public sector steel giant and the Korean steel major.

Sept. 10: Reliance Industries Ltd has agreed to acquire the polyester and textile manufacturing assets of the Malaysia-based Hualon Corporation.

Bajaj Auto Ltd denies the Akurdi plant near Pune has been shut down, even as workers claim that production of two-wheelers has been totally discontinued from Sept. 1 and that the assembly lines are idle.

Hindustan Unilever Ltd terminates its talks with Pune-based frozen foods exporter Temptation Foods Ltd, regarding the sale of its marine foods business.

Sept. 11: SC says REL team can bid for Mumbai sea link project

The Karnataka Government gives Tata Motors Ltd approvals to begin work immediately on a facility to manufacture luxury buses and vans at the Belur Industrial Area near Dharwad.

The joint venture agreement signed between the Bolivian Government and Jindal Steel and Power Ltd to develop the El Mutun iron ore mines has cleared the first step with the Bolivian Chamber of Deputies giving its approval.

Sept. 12: The Government approves Reliance Industries Ltd’s price formula for the natural gas to be produced by it from the Krishna-Godavari Basin, with minor changes.

Sept. 13: Ipca Laboratories Ltd acquires 100 per cent equity in a small company that registers and distributes formulations or the finished dosage form of medicines in Australia, the company said, without disclosing details

Sept. 14: Shareholders of Hindustan Unilever Ltd approve the special resolution relating to the buy-back of equity shares by the company by a majority of 99.77 per cent votes.

Tata Sons fixes offer price for Tata Investment Corporation Ltd at Rs 600/share

Mr N. Srinivasan, Vice-Chairman and Managing Director, India Cements Ltd, and his family buy the residual 2.64 per cent stake of the company’s co-promoters, Mr N. Sankar and his family of the Sanmar group.

Sept. 16: Steel Authority of India Ltd signs a memorandum of understanding with Infrastructure Development Corporation, a wholly owned subsidiary of IL&FS, to develop a steel sector special economic zone at Salem in Tamil Nadu.

Sept. 17: Indian Hotels picks 10% stake in Orient-Express Hotels for Rs 850 cr

Atlas Copco rejigs manufacturing set-up

Sept. 18: Maruti Uudyog Ltd renamed Maruti Suzuki India Ltd

Sept. 19: Tata Motors Small Car plant at Singur, West Bengal, issues appointment letters to 17 youth from Singur villages.

The stand-off between workers and management of Bajaj Auto Ltd over the closure Akurdi plant continues as talks fail to produce any results.

Sept. 20: VA Tech Wabag Ltd, an ICICI Ventures company, acquires VA Tech Wabag GmbH, Austria, in a deal finalised in Vienna.

Sept. 21: DLF Ltd emerges the highest bidder for setting up the Tidel-II, the second IT and ITES SEZ, in Chennai.

Swiss cement major Holcim increases its shareholding in Ambuja Cements by 3.9 percentage points to 36.2 per cent.

Sept. 22: Ranbaxy Laboratories drops its patent challenge of Novartis AG’s hypertension drug Diovan.

Sept. 24: Mr N. Sankar, Chairman of the Sanmar group, resigns as Chairman of India Cements Ltd after being associated with the company for 18 years.

Sept. 25: Hind Unilever’s buyback plan to begin on Oct. 3

The Essar group mandates a clutch of international banks to arrange $3.59 billion (over Rs 14,000 crore) in term loan against put options that exist in the Vodafone-Essar agreement.

Sept. 26: Mr Vijay Mallya acquires 50 per cent stake in an aircraft manufacturing company, Epic Aircraft Manufacturing Company, for an estimated $120 million.

EIH Ltd, a member of the Oberoi Group, decides to terminate its strategic alliance with Hilton International Co for marketing and co-branding the Trident Hilton brand in the country.

Sept. 28: Hyundai Motors India Ltd launches a diesel variant of Getz Prime.

Bharti Enterprises and EL Rothschild Ltd announce that Del Monte Pacific Ltd, producers, marketers and distributors of premium food and beverage products, has bought 40 per cent stake in their joint venture, FieldFresh Foods Pvt Ltd.

The Amalgamations group says it will buy out its US collaborator - Federal Mogul - in India Pistons Ltd.

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

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