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CORPORATE
TRADE & LABOUR UNIONS:
Honda Motorcycle sees sales skidding 50% in Oct
Labour problems at Manesar plant; talks on for wage settlement. Mumbai, Oct. 6 Honda Motorcycle & Scooter India, which is grappling with a labour issue at its Manesar plant in Haryana, estimates its two-wheeler production to crash by 50 per ...
OUTLOOK:
Raymond unfolds plans for new retail stores; targets Rs 200-cr revenue
Mumbai, Oct. 6 Raymond Ltd is planning to target revenues of Rs 200 crore with the launch of 300 more retail shops by March ...
OUTLOOK:
Saint-Gobain uses slowdown to reflect on improving biz
More time to improve and innovate on processes and practices. Chennai, Oct. 6 The corner room is cool, as its occupant. Letting in adequate light, the high-performance, solar-controlled glass neutralise much of the heat from the blazing sun, ...
NEW PROJECTS:
Meghmani’s chlor-alkali plant in Gujarat begins production
The Rs 550-crore chlor-alkali project of Meghmani Finechem Ltd (MFL), promoted by the Ahmedabad-based Meghmani Organics Ltd (MOL), has commenced commercial production, according to the company ...
MERGERS & ACQUISITIONS:
UltraTech will be re-rated after merger
Grasim investors’ fears allayed. The board of directors of UltraTech Cement on Tuesday approved in-principle the merger proposal of group company Samruddhi Cement with ...
NEW PROJECTS:
Bharathi Cement to begin production
Bharathi Cement Corporation Ltd is all set to commence commercial operations as the first phase of its plant with 2.5 million tonnes (mt) capacity is ready. The company would focus on Andhra Pradesh, Tamil Nadu, Karnataka, Goa, Kerala and part ...
OUTLOOK:
Coal India hopes to complete bidding process by Jan
Development, operation of proposed high capacity underground mines. Kolkata, Oct. 6 Coal India Ltd hopes to complete the bidding process for contractual development and operation of seven high capacity underground mines by ...
OVERSEAS INVESTMENTS:
Iffco to set up phosphoric acid unit in Jordan
New Delhi, Oct. 6 The Indian Farmers Fertiliser Cooperative Ltd (Iffco) plans to set up its second overseas phosphoric acid manufacturing facility ...
OUTLOOK:
Looking at global outsourcing of coal
Receives 52 EoIs from prospective partners. Kolkata, Oct. 6 Coal India Ltd today indicated that it was looking forward to international outsourcing of coal through the proposed strategic alliance. The company has received 52 EoIs from ...
CORPORATE BONDS:
Good response to Essar’s bond issue
Mumbai, Oct. 6 The Essar Group’s Rs 4,500-crore bond issue received good response, banking sources said. The bond issue of Rs 2,250 crore by ETHL Communications Holdings, which holds part of Essar group’s stake in Vodafone Essar, ...
OUTLOOK:
Suven Life turns more focus on research service tie-ups
Hyderabad, Oct. 6 Suven Life Sciences plans to increase its revenue from research service agreements with global majors and is in talks with some of ...
OUTLOOK:
Shell Lubricants plans more blending centres in India
Chennai, Oct. 6 Shell Lubricants feels that for a larger play in the growing Indian market, it is indispensable to have more blending centres. Today, it has only one — ...
CORPORATE DISPUTES:
RNRL drags DGH into ongoing gas row with RIL
New Delhi, Oct. 6 Reliance Natural Resources Ld (RNRL) moved an application before the Supreme Court on Tuesday alleging nexus between the Directorate-General of Hydrocarbon (DGH) and Reliance ...
ALLIANCES & JOINT VENTURES:
Tata BlueScope, Arshiya Intl tie-up
Tata BlueScope Building Solutions (TBBS), a division of Tata BlueScope Steel Ltd, has tied-up with Arshiya International Ltd to provide Butler Building Systems for Arshiya’s upcoming warehousing projects in India. TBBS has started work, ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
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