India Business News of January, 2008
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Business News of January, 2008
MoU signed between SEBI and SECP
The regulator of the Indian economic industry, the Securities and Exchange Board of India (SEBI) has....
Tata acquiring Stake in T-Systems
One of the largest corporate house of India, Tata has recently announced that it is planning to acqu....
BSNL Reduced Tariffs of Leased Line Net Port
The leading telecommunication service provider of the country, Bharat Sanchar Nigam Ltd (BSNL) has r....
Aditya Birla Group acquiring Jaffna Plant
A cement company from the Aditya Birla Group named the Ultratech Cement has recently announced that ....
Huge Investment of Rs 5.7 Billion made by BNP Paribas in India
The giant banking group in Europe named BNP Paribas has recently made a huge investment of around Rs....
Food Adulteration declared as Cognizable Offence In Maharashtra
The state government of Maharashtra has recently declared the food adulteration as a non-bailable an....
Indra K Nooyi: The First Woman to Head US-India Business Council
The CEO of one of the leading soft drink maker companies of the world, PepsiCo, Indra K Nooyi has re....
AP Police Awarded TETRA radio contract to EADS
In a recent statement released by the company, the EADS Defence & Security (DS) has announced that i....
Manufacturing License of 4 Drug Companies Suspended by Government
The Health Ministry of the central government of India, has recently suspended the manufacturing lic....
Punjab Government Invites Bids for Solar Power Projects
The state government of Punjab has recently invited proposals from both the Indian and the internati....
New Battery Operated Electric Bikes launched by Electrotherm
The popular automobile company of India named the Electrotherm (India) Ltd has recently announced th....
Tiruchirapalli Unit Of BHEL Bagged Rs 15,000 Crore Contracts
The leading public sector power service providing company of India, Bharat Heavy Electricals (BHEL)s....
Cosmos Joined Hands with PayMate to Facilitate Customers
The co-operative bank named Cosmos has recently entered into a partnership with the PayMate in order....
USFDA Approval To Glenmark For Baddi Plant
The major pharmaceuticals company in India, the Glenmark Pharmaceuticals has recently announced that....
Bombay High Court Admitted Vodafones plea
The Bombay High Court on Monday admitted a writ petition by Vodafone International Holdings BV (VIHB....
Wheels India and Sundaram Finance join hands
Wheels India and Sundaram Finance, both part of the TVS group, have formed a joint venture company, ....
40% net leaps in third Quarter for L&T
Larsen & Toubro Ltd has posted a 40 per cent growth in its third quarter net profit, at Rs.482 crore....
Potato Gains Momentum On Cold Weather In North India
The Commodity markets in India have recovered from the disaster in the Bombay Stock Exchange quite s....
Huge Gulf Orders Worth Rs 1,057 Crore For L&T
One of the leading construction firms of India, Larsen & Toubro and its group companies have recent....
Microsoft Launched Project Vikas To Support Pharma SMEs
The worlds leading computer software service provider, Microsoft has officially launched a new proje....
Vodafone Sponsors IITs Saarang Fest
The Vodafone Essar has become one of the biggest sponsors of the cult campus festival named Saarang ....
Government Handed Over Notice To Cipla
The government of India has recently handed over a demand notice of around Rs 27.30 crore inclusive ....
Atlanta Ltd and ARSS in a joint venture
The Indian companies have reported some latest developments regarding their growth and developments ....
Sensex Came Back Strongly To Gain 864 Points On Thursday
The Indian share market is looking to make a good come back as the share index Sensex has went up by....
HLPLs Pharmaceuticals Business Acquired By NPIL
In a recent statement released by the company, the Nicholas Piramal India Ltd (NPIL) has announced t....
Delhi Metro Link Project Went to Consortium Of Reliance Energy and CAF
The project for operating and managing a 22.7 km metro rail link between New Delhi city center and i....
Reliance Industries Awarded Rs 866 Crore Order To BHEL
The major equipment company, the Bharat Heavy Electricals Ltd (BHEL) has made an announcement on Tue....
NBC Acquired 26% Stake In NDTV Networks
The giant media organisation of America, NBC Universal has recently acquired a 26 per cent stake in ....
Rolta Acquired The Broech Corporation (TUSC)
The Rolta India has recently announced that it has acquired the IT-consulting company, Broech Corpor....
PTO Granted Product Patent To Suven Life Sciences
The Suven Life Sciences has been granted a product patent by the US Patent and Trademark Office (PTO....
First Chai Unchai Outlet Launched By Tata Tea In Bangaluru
One of the major companies in the tea sector of the Indian economic industry, Tata Tea has recently ....
New Plant Opened By Avery Dennison In Ranjangaon
The Avery Dennison Corporation has recently launched its latest production facility in Ranjangaon ne....
Dispute Between Dr Reddys and Novartis Settled Down
The two leading pharmaceuticals companies of India, Dr Reddys Laboratories Ltd and Novartis Pharma ....
Ranbaxy And GSK Reached Out-of-Court Settlement
One of the leading pharmaceuticals companies of India, the Ranbaxy Laboratories has recently announc....
New High Calcium Milk Introduced By Amul
The foods and beverage manufacturer company, Amul has recently launched a high calcium milk named t....
Haier India Is On Expansion Fling
The Haier Appliances (India) Pvt Ltd, the wholly owned subsidiary of the Chinese durable giant compa....
New Graphic Chip Launched By AMD
The electronics components maker company, AMD has recently launched a high-performance graphic proce....
BILT announced equity investments
The Indian small and medium business organisations have achieved very good developments in the recen....
ICGEB And EVC Joined Hands To Develop Vaccines
The New Delhi-based International Centre for Genetic Engineering and Biotechnology (ICGEB) and the ....
FACT And Malabar Cements Signed MoU For Gypsum
The two state-owned companies named the Fertilisers and Chemicals of Travancore (FACT) and state-ow....
US FDA Approved Marketing Of Aurobindo Pharmas Cefdinir Capsules
Aurobindo Pharma, one of the major pharmaceuticals companies of India, has announced that the US Fo....
New Plant For Auto Parts Launched By Caparo
The Caparo Group, led by Lord Swraj Paul has officially inaugurated its new facility that would main....
Bharti Airtel Awarded $150 Million Contract To IBM
One of the leading IT service providers in India, the IBM has recently bagged a huge $150 million or....
REL Raised Rs 7835 Crore By Warrants
The Reliance Energy, led one of the richest businessmen of India Anil Ambani, has announced that it ....
SBI Acquired 8% Stake In ARSS Infrastructure
The largest public sector bank of India, the States Bank of India (SBI) has recently announced that ....
Market in Bear grip with Sensex crashing 1408
The countrys stock markets were hit by selling that saw the benchmark index of the BSE shed 2,000 po....
TFL Acquired Majority Stake In Aptsource Software
The food and beverage company named the Temptation Foods Ltd (TFL) has recently announced that it ha....
PSU Oil Companies Received Rs 11,257 Crore From Central Government
The central government of India has recently issued a number of bonds having a total valuation of R....
Motilal Oswal Increased $125 Million For New Fund
The Motilal Oswal has recently announced that it has raised a huge amount of $125 million for their....
BEML Signed JV Agreement For Entering Mining Operation
Bharat Earth Movers Ltd (BEML), one of the major public sector companies, has announced that it has ....
IRDA Approved Apollo-DKVs Health Launches
The second largest standalone health insurance company in India, the Apollo DKV has recently got th....
Indias First Probiotics Factory Launched By Yakult Danone
The equal Joint Venture (JV) company between the Japanese firm Yakult Honsha and French dairy major ....
New SabseBolo.Com Launched By Sabeer Bhatia
The business tycoon of India and the co-founder of the famous website Hotmail, Sabeer Bhatia has re....
Oracle And HP Joined Hands For Software Solutions
The two major software service providers of India, named Oracle and HP have recently joined their h....
Sunil Hitech Increased Fund By Rs 81 Crore
The engineering company named the Sunil Hitech Engineers Ltd has recently made an announcement that....
RILs Petrochem Business Underperformed In Q3
The Reliance Industries has recently informed that its petrochemicals business has given a below-st....
BCCL Acquired Stake In Mindlogicx Infotech
One of Indias largest industrial organisations, the Bennett, Coleman & Co Limited (BCCL) has announc....
Cochin Shipyard received Contracts worth Rs 2000 Crore
In a recent statement released by the company, the Cochin Shipyard Ltd (CSL) has sated that it has b....
Marine BizTV organizing Global meet on Shipbuilding in April
The 24-hour free-to-air global maritime television channel named Marine BizTV has recently announced....
Eden Park Township Project launched by L&T South City Projects
The giant reality construction company, L&T South City Projects Ltd (L&T SCPL) has recently announce....
New Drug Supanac launched by Dr Reddys
One of the leading pharmaceuticals companies of India, the Dr. Reddys Laboratories has recently laun....
New Cheap X-ray System launched by GE Healthcare
The healthcare business of the General Electric Company named the GE Healthcare, has recently introd....
MoU signed between DLF and Gayatri Projects
The reality major DLF has recently signed a Memorandum of Understanding (MoU) with the construction ....
New Quality-Control Lab Set up by Sahara City
The real-estate company named Sahara Infrastructure and Housing Ltd (SIHL), has recently set up its ....
Subhash Projects received Rs 145 crore orders
The construction company named the Subhash Projects & Marketing has recently received a big order wo....
Spotwave Wireless Acquired By Kavveri Telecom
The Bangaluru-based telecommunication company named the Kavveri Telecom Products has announced that ....
PM Urges China to Eradicate Trade Embargo
The Prime Minister of India, Mr. Manmohan Singh has urged the Chinese authority to remove the market....
Ranbaxy entered the Chyawanprash Segment of Indian Market
The major pharmaceuticals company of India, Ranbaxy Laboratories has recently entered into the Chyaw....
Peninsula and Essar signed Rs 1,200 crore deal
Peninsula Land, a company that belongs to one of the leading industrial organisations of India, the....
Star India and Digital Entertainment formed new JV
There is a new Joint Venture (JV) company formed between the Star India and the Digital Entertainme....
House of Pearl acquired 75% Stake in simple approach
One of the leading fashion wear maker companies, the House of Pearl Fashion Ltd has recently signed ....
NPCIL awards Rs. 38 crore order to Blue Star
The Nuclear Power Corporation of India (NPCIL) has recently awarded a Rs. 38 crore order to the lead....
Alpharma and SMS Pharmaceuticals on verge of forming JV
The largest active pharmaceutical ingredient (API) manufacturing company of the world, the Alpharma ....
New Range of cheap Laptops launched by HCL
The major IT company in the IT sector, HCL Infosystems has recently launched a fully functional, por....
Digital Infotainment acquired by You Telecom
The Surat-based internet service provider (ISP) company named You Telecom has recently announced th....
Plant expansion plans from Maa Mahamaya Industries Ltd.
The major steel manufacturing company named the Maa Mahamaya Industries Ltd has recently announced t....
Silverline tech won contract from IBM
The major technological service provider named Silverline Technologies Ltd has announced that it has....
Ganga Expressway project goes to JP Associates
The construction company named Jaiprakash (JP) Associates has recently stated that the state governm....
L&T unit bags Rs 3,500-cr orders
Larsen & Toubro said its construction division has won projects worth Rs 3,500 crore, the bulk of th....
Aircel gives Contract to Wipro Infotech
Aircel, a Maxis group company, announced that it has awarded a nine-year next generation business tr....
Survey sampling deal garbed by Cross-Tab
City based Cross-Tab Marketing Services has won a three-year market research outsourcing contract of....
Tata Revolutionzed with Nano Car
Tata Group Chairman, Mr Ratan N. Tata, announced the launch of the car, the 623 cc model has been pr....
Satyam and Greenplum formed new Partnership
One of the leading IT companies of India, the Satyam Computer Services has recently announced that ....
Artson Engineering acquired by Tata projects Ltd.
The Tata Projects Ltd (TPL), an yet-to-be-listed company has recently announced that it has acquire....
Cairn India bagged contracts worth Rs 1,300 crore to L&T
The power sector major Cairn India has recently awarded two huge contracts to the engineering and c....
Unicorn Seeds acquired by Advanta India
In a recent statement, the Advanta India has announced that it has recently acquired the seeds busi....
New subsidiary company formed By Alps Industries
The major industrial organisation, Alps Industries Ltd has recently announced that it has opened a ....
Logan Petrols Price Reduced By M&M
The major automobile company in India, the Mahindra Renault has recently announced a price reductio....
Branded fuel prices raised By IOC
The Indian Oil Corporation (IOC) has recently raised the price of its two premium brand of petrol a....
New JV formed between Peninsula and Lehman
The Peninsula Land and the giant international investment company named the Lehman Brothers have rec....
M&M departs from JV with Renault and Nissan
The major Indian automobile company Mahindra & Mahindra (M&M) has recently pulled itself out of the ....
Sourcing contract signed between VSNL global and global capacity
The overseas division of the Videsh Sanchar Nigam Limited (VSNL), named the VSNL Global Services h....
AMDs second R&D center opened in Hyderabad
The major supplier of the integrated circuits and processing solutions for computing in India, the A....
Maneesh acquired smyle brand of Kopran
The Mumbai-based Maneesh Pharmaceuticals has recently announced that it has bought the Smyle brand o....
Huge Rs 40 crore order for Nelcast Ltd.
The heavy commercial vehicle components manufacturing company, Nelcast Ltd has recently announced t....
New textile sizing products launched by Kunal organics
The Kunal Organics Pvt Ltd (KOPL) has recently launched three new chemical products on Wednesday und....
SEBI allowed institutional investors to undertake short selling
The Securities and Exchange Board of India (SEBI) has recently announced that the institutional inve....
New tariff cut announced by Airtel
One of the largest private mobile service provider of India, Bharti Airtel has recently announced t....
Car sales increased; two-wheelers declined in 2007
The sales of the automobile companies in the Indian automotive industry has seen a mixed result in t....
New CNG engine from Ashok Leyland
The leading commercial vehicle maker company of India, the Ashok Leyland Ltd has recently developed....
Steel price hiked up to Rs 1,500/ tonne by the major companies
The steel purchasers may get a bit worried in the new year as all the major domestic steel manufactu....
Lycos Europe becomes the new client for TUI InfoTec
Being considered as one of the leading providers of Internet portals and online advertising in this ....
Rs. 200 crore export order for Gujarat Ambuja exports
The officials of the Gujarat Ambuja Exports have announced that the agro-processing company has rece....
Another 34 SEZs got government clearance
The Central Government of India has recently gave approval to 34 new proposals for developing specia....
Kalra Brothers and Lite Bites formed JV for Restaurants
The giant Indian hospitality company named Lite Bites and the industrialist brothers Jiggs Kalra and....
ICICI ventures acquired diagnostics business of Godrej
The major industrial organisation of India, Godrej Industries has recently announced that it has sig....
Relief for SMEs from ESIC
The Employees State Insurance Corporation (ESIC) has recently announced that it is exempting the sm....
SAIL and Tata Steel formed coal mining JV
The two giant players in the coal mining sector of India, the state-run SAIL and the private company....
Mercedes-Benz expands commercial vehicle business
One of the leading carmaker companies of the world, the Mercedes-Benz Commercial Vehicles has recen....
Pfizer board approved sellingof 4 brands to J&J
The sources from the Pfizer Ltd have stated that the companys board of directors has approved its pl....
Chidambaram seeing high economic growth rate to continue in 2008
The Indian economy has passed a wonderful and memorable year in 2007 as the share index touched the ....
ONGC planning high to expand business in new year
The officials of the state-owned major power company, the ONGC Ltd have informed that they have set ....
Brigade and IHG signed contracts for managing hotels
The major real estate company of India named the Brigade Enterprises has recently signed a managemen....
GSFC and Mitsubishi signed MoU
The officials of the Gujarat State Fertilizers and Chemicals (GSFC) have informed that the company h....
LCC PC introduced by LCC Infotech
The Kolkata-based IT training and education services provider company, LCC Infotech has recently ann....
US authority gives nod for Ranbaxys cetirizine hydrochloride
The giant pharmaceuticals company of India, the Ranbaxy Laboratories has announced that it has recen....
SEBI approved the mini contracts with Rs 1Lakh lot size
The governing body for all kinds of operations in the Indian stock exchanges, the SEBI has recently ....
Hero Honda determined to start new facility
The giant automobile company of India, the Hero Honda has stated that the companys plan of setting u....
CII to organise auto enterprise 2007 in January 08
The Confederation of Indian Industry (CII) is going to organise the Auto Enterprise 2007 at Pragati ....
IDG And Erasmic VF Invest $3.5 Million In Perfint: Perfint Invented New PIGA CT ..
The IDG Ventures India and the early stage investors named the Erasmic Venture Fund have recently an....

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India Business News of January, 2008