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Friday, September 04, 2009
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OUTSOURCING: Fiat Group to source components worth $1 b from India
New Delhi, Sept. 3 Italian carmaker Fiat will source more than $1 billion worth components for its global businesses in 2010 from ...

NEW PROJECTS: For SBQ Steels, an inaugural that was not to be
Chennai, Sept. 3 On the morning of September 2, the project site of SBQ Steels Ltd was abuzz with activity. The Chief Minister of Andhra Pradesh, Dr Y. S. Rajasekhara Reddy, was to arrive there by a chopper to inaugurate the Rs ...

NEW PROJECTS: Auto component makers revive investment plans
Spurred by growth in passenger cars and two-wheelers. New Delhi, Sept. 3 Auto component makers have started to reinvest in plants that had been put on hold due to the ...

OUTLOOK: Godrej Security Solutions locks into global tie-ups
Plans for Rs 1,000 cr turnover in 5 years. Ahmedabad, Sept 3 Godrej Security Solutions (GSS), a division of Godrej & Boyce Mfg Co Ltd and part of the $3-billion Godrej Group, has tied up with 16 global security solutions providers for ...

ALLIANCES & JOINT VENTURES: Apollo may take in partner for pharma biz
The Apollo Hospitals group may consider taking in a strategic partner for its vast and growing pharmacy business, according to the group’s Executive Director (Operations), Ms ...

ANNOUNCEMENTS: Dunlop finalises deal to settle power dues over nine years
Kolkata, Sept. 3 Dunlop India Ltd on Thursday entered into an agreement with West Bengal State Electricity Distribution Company Ltd (WBSEDCL) to clear power dues worth Rs 13.40 crore over the next nine ...

NEW PROJECTS: MRF plans Rs 400-cr investments in Andhra Pradesh
Chennai, Sept. 3 MRF Ltd intends to invest about Rs 400 crore in expansion of its facilities at Medak, Andhra Pradesh, highly placed sources in the company told Business ...

ANNOUNCEMENTS: Ranbaxy to market generic calcium drug in US
New Delh, Sept. 3 Ranbaxy has announced an agreement with Validus Pharmaceuticals LLC to market and distribute generic version of calcium drug Rocaltrol in the US. Overall market sales for calcitriol softgel capsules and oral liquid were ...

CORPORATE GOVERNANCE: Documents on funds siphoned off from Maytas identified
The Government-nominated directors of Maytas Properties have identified documents on Rs 220 crore of the company’s money that was “siphoned off” ...

OUTLOOK: Accor Hospitality to open 45 hotels
...

NEW BUSINESS: Kimplas bags Rs 3 cr order
...

PERFORMANCE: SAIL logs 20% rise in Aug sales
...

ESOPS: Dr Reddy's allots ESOPs
...

NEW BUSINESS: Moser Baer bags Chandrapur solar farm project
Chennai, Sept. 3 Moser Baer India has said that it has been awarded an EPC (Engineering, Procurement and Construction) contract to set up a 1 MW solar project in Chandrapur, Maharashtra, for Mahagenco, Maharastra’s State-owned ...

AUDITING: Vishal Retail’s exclusion of taxes could be to cut inventory
Auditors question accounting practices. Vishal Retail now faces a fresh set of troubles after contending with debt-related issues last ...


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




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Markets (Sept 3)
Nifty (at 3.30 pm)4,590.55(-17.80)
US Dollar (Buy/Sell)48.91/92
Brent crude (a bbl) Rs3,361
Gold (a gram) Rs1,418
Silver (a kg) Rs25,630

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In Focus
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Rise in direct tax mop-up in April-August

Govt to consider specialised schemes for auto SMEs

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Send SMS, Pepsi can will pop out of machine

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Looking back
Aug. 23-Aug. 29
NTC land won’t be sold below market price, says Maran

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Pressure on India Inc’s credit quality eases: Crisil

Tata confident of JLR turning the corner

Harley-Davidson rides into India

BSNL to offer $500-m GSM contract to Ericsson

ONGC gets nod for combined development of two offshore fields




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