Corporate Notes

NSE listed firm, California Software Ltd, having major operations in the US and Chennai, has divested its entire 51% stake in education-based IT solutions company Informed Decisions Corporation through the wholly-owned former's subsidiary CSWL for $36 million.

Vedanta SPV for development around Niyamgiri bauxite mines

London-based Vedanta Resources Plc has formed a special purpose vehicle — Lanjigarh Project Area Development Foundation — to take up peripheral development works around Niyamgiri bauxite mines in Orissa's Kalahaindi and Rayagada districts.

Dell bets on corporate spend for recovery

Dell, the world's No.3 PC brand, said on Friday that its core business of selling computers to companies was returning, after a sharp drop-off during the global downturn led to disappointing quarterly results.

Tata Steel’s $546-million bond sale over

Tata Steel Ltd on Friday said it sold $ 546.9 million in new convertible bonds in exchange for $493 million of securities as part of a plan to reduce costs and ease repayment obligations.

Bharat Hotels to invest Rs 2,300 cr in four yrs

Bharat Hotels Ltd, which runs the Lalit Suri Hospitality Group, will invest around Rs 2,300 crore in 42 hotels over the next four years.

JSW seeks partners for alumina, cement plans

Hit by the economic slowdown and a shortage of funds, the $3.7-billion JSW Group is now looking for partners for its greenfield projects in alumina and cement. The company has taken the first step in its endeavour of partnership by collaborating with Japanese steel major JFE Steel Corporation on Thursday for its Rs 35,000-crore, 10 mtpa West Bengal project.

Corporate Notes

Focusing on India as a rapidly growing market, US soft drinks giant PepsiCo would pump in an estimated Rs 700 crore to set up four new food and beverages projects by 2012.

Demand for realty facilities mgmt surges 18% this fiscal

Demand from top corporates and banks for sourcing facilities management solutions, which helps maintain properties as per international standards and includes taking care of maintenance, equipment and operations, has gained 15%-18% between April to October 2009.

JSW ties up with Japan’s JFE

JSW Steel Ltd on Thursday announced that the company has entered into a strategic collaboration with Japan's JFE Steel Corporation to build and operate an integrated steel plant in West Bengal and in the area of automotive steel.

Indus Biotech to begin HIV drug trials in US

Pune-based Indus Biotech would be starting clinical trials for its HIV botanical drug molecule in the US soon. The company claims this antiviral has also shown promising results for the pandemic H1N1 during initial clinical trials.

‘JSW Steel to grow over 70% in H2’

With demand expected to pick up, JSW Steel, India’s third-largest steel manufacturer, is all set to increase its market share in the domestic market.

Eli Lilly eyes India, China for research

Lilly Singapore Centre for Drug Discovery, part of the $20-billion Eli Lilly and Company, has said it could look at both India and China to partner with contract research organisations in its efforts to discover new drugs in areas of cancer and metabolic disorders.

Corporate notes

The country’s equity indices snapped its winning rally and ended the day below the dotted line following weak cues from the Asian markets and selling in the oil & gas and banking stocks.

Global ad firms make domestic inroads despite slump

Despite the economic downturn, global advertising majors foraying into India are growing faster as compared to their Indian counterparts, according to an analyst based in Mumbai.

Honeywell to spend $34 m for tech centre in Gurgaon

American energy tech major Honeywell is investing $34 million to set up a new technology centre in Gurgaon as part of its effort to expand research capabilities in sectors like refining...

ITC hikes prices of premium cigarettes

Tobacco and FMCG major ITC on Wednesday hiked prices of its premium cigarettes — India Kings and Benson & Hedges — in the range of 5-10%. While India Kings, priced at Rs 100....

Petronet eyes 10% in ONGC arm’s project

Oil & Natural Gas Corporation’s arm ONGC Petro Additions (OPAL), which is setting up a Rs 12,440 crore petro-chemical plant at Dahej in Gujarat with an annual capacity 1.1 MMTPA of ethylene, 340,000 tonne of propylene, 135,000...

Hyundai India sales set to beat China

Hyundai Motor India, the country’s second largest passenger car manufacturer, is very close to being the largest contributor to its parent company, Hyundai Motor Corporation....

Telenor slashes India capex by Rs 3,500 cr

The world’s seventh largest telecom operator, Norway’s Telenor, which has a controlling stake in Unitech Wireless, on Wednesday announced a Rs 3,500-crore reduction in its....

Corporate Notes

The 30-share Sensex of the Bombay Stock Exchange added 18.41 points or 0.11% to end the day at 17,050.65 points. The broader Nifty of the National Stock Exchange gained 4.20 points or 0.08% to close the day at 5,062.25 points.

Technology beams competition into DTH sector

Technology is spurring the race to top slot in the DTH sector, with players employing interactive television solutions, digital video recorder and high-definition services.

Latest News

Print Edition

Events

Corporate Notes

Vedanta SPV for development around Niyamgiri bauxite mines

Dell bets on corporate spend for recovery

Tata Steel’s $546-million bond sale over

Bharat Hotels to invest Rs 2,300 cr in four yrs

JSW seeks partners for alumina, cement plans

Corporate Notes

Demand for realty facilities mgmt surges 18% this fiscal

JSW ties up with Japan’s JFE

Indus Biotech to begin HIV drug trials in US

‘JSW Steel to grow over 70% in H2’

Eli Lilly eyes India, China for research

Corporate notes

Global ad firms make domestic inroads despite slump

Honeywell to spend $34 m for tech centre in Gurgaon

ITC hikes prices of premium cigarettes

Petronet eyes 10% in ONGC arm’s project

Hyundai India sales set to beat China

Telenor slashes India capex by Rs 3,500 cr

Corporate Notes

Technology beams competition into DTH sector