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NEW PROJECTS: Karnataka offers ArcelorMittal 2 sites for Rs 30,000-cr steel plant
We will issue all clearances within 90 days of deciding the place: Yeddyurappa. Karnataka has rolled out a red carpet welcome to the world's largest steel maker, ArcelorMittal, which would like to invest Rs 30,000 crore for setting up a ...

ALLIANCES & JOINT VENTURES: Pfizer to license, sell 40 Strides drugs in US
First drug to be launched this year. The Bangalore-based Strides Arcolab has announced a major licensing and supply deal with Pfizer by which the world's largest drug maker would source 40 patent-free medicines, mostly cancer therapies, for sale ...

OUTLOOK: Honda sticks to small car commitment with India
The two Japanese car makers Toyota and Honda share the same hall at the 10 {+t} {+h} Auto Expo here. In fact, there is hardly any noticeable boundary between both their pavilions. And, both were in the limelight for the world premieres of ...

ALLIANCES & JOINT VENTURES: Harley-Davidson, ICICI Bank tie up
Owning a Harley-Davidson might not be that hard now. At the Auto Expo on Thursday, Harley-Davidson India and ICICI Bank inked an MoU for a broad spectrum of banking services. Motorcycle enthusiasts will be able to avail themselves of ICICI ...

CORPORATE GOVERNANCE: Govt refuses to bail out Maytas Properties
But promises help to affected NRIs, PIOs. The Government has refused a bailout for Maytas Properties but said it would help those who purchased apartments in a project of the company and are ...

ALLIANCES & JOINT VENTURES: Pfizer strides on deal to sell generic drugs
Move opens market for Bangalore-based Strides Arcolab. In what could be a testimony to the growing generic incursion in the global pharmaceutical landscape, the US-based Pfizer Inc has forged a tie-up with Bangalore-based Strides Arcolab for the ...

OUTLOOK: BSA Motors to invest Rs 50 cr next fiscal
BSA Motors plans to invest Rs 50 crore in the next fiscal as it aims to capture a 20 per cent market share of the electric scooters ...

ALLIANCES & JOINT VENTURES: BGR Energy ties up with US co for heat recovery systems
To invest Rs 40 crore for new facility. BGR Energy will invest Rs 40 crore in creating facilities for manufacturing waste heat recovery boilers, the technical collaboration for which was announced today with Nooter/Eriksen of ...

NEW BUSINESS: Kalpataru gets Rs 250-cr order
Kalpataru Power Transmission has secured two orders totalling over Rs 250 crore from Sonelgaz, Algeria, and the Tamil Nadu Electricity Board. Kalpataru has signed a Rs 100-crore contract with the Algerian company for the construction of 220 ...

NEW PROJECTS: Hutti Gold Mines to invest Rs 352 cr in expansion plans
With prices of the yellow metal skyrocketing much so often, the State-owned Hutti Gold Mines Company Ltd (HGML), the only gold extraction company in the country, has set a target of producing 2,578 kg gold in 2009-10, with an average 4.11 gram ...

OUTLOOK: Dubai's DM Group plans Rs 1,000-cr expansion in India
Keen on taking majority stake in 3-4 hospitals. The Dubai-based Dr Moopen's Group is planning to invest nearly Rs 1,000 crore in India to offer healthcare services. The expansion plan includes acquiring majority stake in three-four hospitals and ...

OUTLOOK: Much potential in premium hatchbacks: VW's Garg
There is a huge throng of people at Volkswagen's pavilion at the Auto Expo on the inaugural day. Just a little earlier, the company had launched its hatchback Polo, to go on sale ...

NEW BUSINESS: Mir Group bags consultancy to develop Vasco Bay
The Kochi-based Mir Projects and Consultants, the consultancy and project management wing of the diversified Mir Group, has bagged the consultancy for developing Vasco Bay at the Mormugao port Goa, in consortium with the Group's US ...

OVERSEAS INVESTMENTS: Reliance MediaWorks acquires UK co ilab
The Anil Ambani-promoted Reliance MediaWorks Ltd has acquired London-based film processing company ilab UK Ltd. This allows the erstwhile Adlabs to tap the European production market, particularly for ...

NEW PROJECTS: Lanco Infra has big plans for solar power biz
Lanco Infratech Ltd is all set to enter the solar power business early next fiscal with not just generation but also manufacture and supply of equipment, including panels, for solar ...

PRIVATE PLACEMENT: Suryachakra Power to raise funds for expansion
Suryachakra Power Corporation Ltd., is in talks with private equity players to raise funds for its Rs 2,000-crore Phase I ...

ALLIANCES & JOINT VENTURES: Transgene Bio inks pact with Dr Reddy's for obesity drug
Transgene Biotek Ltd (TBL) has entered into a licensing and technology transfer agreement with Dr Reddy's Laboratories Ltd for the out-licensing of a technology for the manufacture ...

HUMAN RESOURCES: Kenexa launches Bangalore HR Exchange
Kenexa, a human resources solutions company, has launched Bangalore HR Exchange, a network for local human resource executives in Bangalore to exchange information and ideas. “The network will hold quarterly events, providing a platform ...

SOCIETY & DEVELOPMENT: Amara Raja's helmet campaign
Amara Raja Batteries today launched ‘The Wear Helmet campaign' across major cities with its employees handing out brochures and leaflets to the two-wheeler riders and general public. The company distributed handouts at traffic signals ...

AWARDS & HONOURS: Export excellence award
The Aroor-based Samudra Shipyard has been selected for the Vanikumar Memorial award for Export Excellence. The award is constituted by the Kerala State Industrial Promotion Society in memory of late Vanikumar Nath, President, Kerala State ...

AWARDS & HONOURS: Award for Bakshi Enterprises
Bakshi Enterprises has been awarded best MSE customer of Syndicate Bank by the Federation of Associations of Small Industries of India. The award was presented by the Labour Minister, Mr Mallikharjun Kharge. – ...


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




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Markets (Jan 7)
Nifty (at close)5,263.10(-18.70)
US Dollar (Buy/Sell)45.74/75
Brent crude (a bbl) Rs3,780
Gold (a gram) Rs1,575
Silver (a kg) Rs28,690

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