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Wednesday, April 25, 2007
Panel on EU-India alcohol dispute
GENEVA: The World Trade Organisation on Tuesday agreed to take up the European Union's complaint on Indian import duties on wines and spirits, a trade source said. A meeting of the WTO's Dispute Settlement Body here decided to set up a panel to ...
MUL pays 90 p.c.
NEW DELHI: The record sale of vehicles in 2006-07 saw Maruti Udyog Limited (MUL) register an impressive 31.4 per cent growth in its net profit to touch Rs. 1,562 crore in 2006-07 against Rs. 1,189 crore in 2005-06. The board announced a dividend ...
Jubilant buys Hollister-Stier
NEW DELHI: Pharmaceutical firm Jubilant Organosys has acquired U.S.-based Hollister-Stier Laboratories for $122.5 million (about Rs. 500 crore) in one of the largest takeovers in contract manufacturing sector by an Indian company. The purchase ...
Hinduja TMT relists on bourses
MUMBAI: Hinduja TMT on Tuesday relisted on the bourses and ended more than 30 per cent down at around Rs. 598 a share on the Bombay Stock Exchange compared to its base price of Rs. 901. ...
`Vodafone deal a case of transfer of shares'
NEW DELHI: Amid the controversy over foreign shareholding in mobile firm Hutch-Essar, Finance Ministry on Tuesday said it was just a case of transfer of shares from one party to another. "There is no FDI involved. It is just a case of transfer ...
S.P. Apparels acquires Natalia brand
CHENNAI: S. P. Apparels Limited, a Coimbatore-based fully integrated garment exporter and retailer, has acquired a women's western wear brand `Natalia', owned by Chennai-based garment export company, SM Apparels. This acquisition will help S. P. ...
Megasoft launches BlueAlly
HYDERABAD: : Megasoft Ltd., a trans-national technology company, has announced the launch of a new division, BlueAlly, which would operate as a true ally in its customers' business transformation initiatives. BlueAlly would have premier offerings ...
Open Invention Network signs Indian licensees
HYDERABAD: : Open Invention Network (OIN), a company formed to spur innovation and protect the Linux system, has announced that two Indian companies had joined the list of companies leveraging OIN to ensure Linux-based intellectual property ...
Blaupunkt opens brand shop in Coimbatore
COIMBATORE: : Blaupunkt, a Bosch group company and manufacturer of car music systems, vehicle antennas and driver information systems, has opened a brand shop in Coimbatore. The outlet will have all the products of Blaupunkt. This is the 19th ...
Syntel to develop SEZ facility in Siruseri
CHENNAI: : Syntel is commencing the construction of a 29 acre SEZ facility in Siruseri, near here. According to a release, the company expect to build 8 lakh sq. ft. in Phase 1 by June 2008 at a cost of $20 million (about Rs. 90 crore). In Pune ...
Teledata to invest Rs. 250 crore in PC unit
CHENNAI: Teledata Informatics will invest Rs. 250 crore for setting up a PC manufacturing unit in Baddi, Himachal Pradesh. The capacity will be 12 lakh units and the plant will be operational by the third quarter of the current year. The company ...
Expo on building materials and construction
CHENNAI: Zak Trade Fairs & Exhibitions is organising an exhibition on Building Materials and Construction technology between April 27 and 29 at Chennai Trade Centre, Nandambakkam. According to a release, about 100 companies are participating and
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