India Business News of February, 2008
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Business News of February, 2008
DHL Sharpens Focus on Export LCL Consolidation
DHL, the global leader in express and logistics, launched their Export LCL consolidation conneting E....
Savi Technology & Avaana to Deliver RFID Solutions
Savi Technology, a Locheed Martin company, and India-based AVAANAtm have entered into a strategic pa....
Industrial Robots Find Favour in India
India is emerging as a hub for production of industrial robots-many American, Korean and even Japane....
New Sops to Attract Investment in Solar Power
The gobernment announced incentives to promote solar power generation, which it expects will attract....
Going Green with Havells New CFL
Havells India Ltd, a US$ 1.2 billion enterprise and one of Indias fastest growing electrical and pow....
Eldon Group to Commence Operations in India
Eldon, a leading provider of solutions for protecting all kinds of industrial, data and telecommunic....
BHEL to Supply Transformers to Azerbaijan
State-owned power equipment manufacturer Bhara Heavy Electricals Ltd (BHEL) will supply to Azerbaija....
Indo Asian Sets Up Plant at Haridwar
Indo Asian Fusegear Limited, a leading electrical equipment manufacture in India, has commissioned a....
Arvind Mills to invest Rs 400 crore in Retail Business
Textile firm Arvind Mills to invest Rs 400 crore to expand its retail business in the next four year....
Elecon Engineering bags Rs 47.54 crore orders
Elecon Engineering has bagged orders aggregating Rs 47.54 crore for designing, engineering, manufact....
20% growth to Auto component industry by 2012
With the automobile segment growing manifold, auto component and ancillary industry are expected to ....
SPM India bags Nano Project
Bangalore based SMP India Lrd., has bagged the project of designing, manufacturing and supplying Ind....
Packaging major Canpack to set up manufacturing plant in Aurangabad
Poland-based packaging major, canpack, which is into manufacturing of aluminum based packaging mater....
Powertronics into sale of Hycon products
Hykon India Pvt Ltd Thrissur-based has signed a memorandum of understanding with the Pune-based Powe....
Vestas to raise capacity to 1,000 MW
Wind turbines maker Vestas RRB said that it aims to more than double its capacity to 1,000 MW within....
Titan Energy in talks with PE firms
Titan Energy Systems, a manufacturer and exporter of solar photo voltaic (SPV) modules, is in taks w....
Sterlite Energy plans 10,000 MW power projects
Sterlite Energy plans 10, 000 MW power projects Sterlite Energy Ltd, a subsidiary of Sterlite Indus....
Siemens Sept quarter net up 126%
Siemens has posted a 126% rise in net profit after exceptional items to Rs 308.6 crore for the quart....
NTPC Plans second power exchange
NTPC, plans to tie-up with other state-run and private firms to launch a second power exchange in th....
Ashapura Milechem represents Sarkuysan for the Indian market
World renowned Copper producer M/s. Sarkuysan, Turkey has appointed M/s Ashapura Minechem Ltd., A fl....
ABB to invest $ 100 mn for fund expansion
ABB is investing a further $ 100 million over the next three years in the Indian market for capacity....
ONGC plants to commission 740-mw project by 2011.
Oil & Natural Gas Corporation (ONGC) has projected that a joint venture 740 MW gas-based protech in ....
JSW plans to invest Rs 7,500 crore in the state
JSW Group, has unveiled a Rs 7500-crore investment plan for Tamil Nadu. The plan includes expanding....
The state may opt for 25 MW coal-based power projects
Maharashtra, is exploring the potion of promoting coal-based 25 MW projects across the state. Mahara....
Co-gen plants in sugar units may ease power crisis
The power crisis in Maharashtra could be mitigated a little if the cogeneration plants in the sugar ....
Seventeen power companies to bid for 2000 MW supply to Gujarat Urja Vikas Nigam
A total of 17 top power companies have decided to participate in the bidding process for 2,000 MW po....
PowerGrid signs agreements with the State Municipal Council for transmission pro..
The Countrys largest transmission utlity, PowerGrid Corporation (PGCIL), has signed two agreements w....
NMCC opposes governments price preference to local companies
The National Manufacturing Competitve Council (NMCC) has opposed the governments proposal to phase o....
States warned on power overdrawal
The Power Ministry has said that overdrawing states from the northern region (NR) should follow grid....
Renewable energy investment set at Rs.10,000 crore in 11th Plan
The Ministry of New and Renewable energy has proposed an outlay of Rs 10,460 crore for the 11th Plan....
Power Ministry asks regulations, states to rationalize cross subsidy surcharge
The power Ministry sought the cooperation from power regulators and states to make the Open access ....
Capacity addition targets of 11th plan may be met
It is anticipated that the government will be able to meet its eleventh Plan targets of adding 78,0....
ONGC order for Suzlon
Suzlon Energy Ltd has received an order from ONGC for 51 MW of wind turbine capacity. It would suppl....
BHEL to acquire BHPV
State-owned Bharat Heavy Electricals Ltd (BHEK) would take over Bharat Heavy plate & Vessels Ltd (BH....
KEC Intl bags Rs 400-cr overseas orders
KEC International Ltd has said it has won two contracats worth Rs 400 crore in Saudi Arabia and Namb....
Cisco introduces new modular switch
The global leader in networking for the Internet, Cisco, announced the introduction of new modular c....
Baldota group to double capacity
Wind energy producer, Baldota Group, announced plans to invest around Rs 1,100 crore to double its w....
Videocon to generate 5,000 MW power
Videocon Industries plans to generate 5,000 MW power at an estimated cost of Rs 25,000 crore and is ....
BGR Energy for EPC foray
The Chennai-based BGR Energy Systems Ltd is planning to offer engineering, procurement, and construc....
Govt plans financial sops for solar power units
The Union Gogernment plans to offer Financial sops for the running of solar power units to enable de....
BHEL, NTPC to form JV for EPC
Bharat Heavy Electricals Ltd (BHEL) aanounced that it has signed an agreement with the countrys larg....
Finolex forms JV with Japan Co
Finolex Cables Ltd (FCL) has entered into a JV partnership with Japan-based J-Power Systems Corporat....
Linksys launches smart switch
Linksys, a division of Cisco Systems, Inc, and the recognized leading global manufacturer of voice, ....
IEX launches its first membership drive across India
Indian Energy Exchange (IEX), Indias first pan-Indian neutral and transparent Power Exchange co-prom....
KEL signs pact with Saudi co.
The state-owned Kerala Electrical and Allied Engineering Company (KEL) has signed a memorandum of un....
BIL launches new products
Bhartiya Industries Ltd (BIL) has launched a series of products at Industrial Automation Exhibition ....
Neolite venture with Austrian company
The New Delhi-based automotive lighting company Neolite Industries announced a joint venture (JV) a....
Danfoss receives excellence award
Danfoss, a leader in mechanical and electronic components, bestowed with the Excellence Award by the....
New cabling solutions from Legrand
Legrand India, subsidiary of the Euro 3.7 billion Legrand Group of France, is set to debut a host of....
ContiTech Drive Belts In India
German supplier and a prominent player in the aftermarket, ContiTech AG has introduced drive belts t....
Finolex Inks a JV to make 500 kV Cables
Finolex Cables has entered into a joint venture agreement with J-Power Systems Corporation (JPS)Of J....
New Range of Commercial Vehicles from Tata
Tata Motors has unvelled a new range of medium and heavy commercial vehicles, that includes multi-ax....
Carwale Ties Up with Auto Friend
Auto portal, Carwale.com has tied up with Auto Friend, the largest dealer network channel in Delhi t....
Volvo Sings Letter of Intent with Eicher
The Volvo Grooup has signed a letter of intent with the Indian vehicle manufacturer Eicher Motors Li....
GM India Opens Design Studio in Bangalore
General Motors has commissioned its India Design Studio at Bangalore in a move to further strengthen....
Cummins Turbo Technologies World-class Facility at Pithampur
Cummins Turbo Technologies has announced the creation of a new, world-class urbocharger manufacturin....
Daimler Builds its Presence in India
Daimler Trucks has announced a joint venture with the Hero Group. Both Companies have signed a share....
Tata AutoComp GY Batteries Outlays Aggressive Growth Plans
Tata AutoCoup GY Batteries (TGY), a joint venture between Tata AutoComp Systems Limited and GS Yuasa....
Dura Automotive Announces Sale of Jack & Tool Kit Business to Autoline Indiustri..
Dura Automotive Systems Inc has sold its North Americal jack and tool kit business to auto motive su....
Tudor India Announces Capacity Expansion
Tudor India has announced a capacity expansion at its transportation manufacturing facility in (Ahme....
Mann+Hummel Takes Over Helsa_Automotive
Ludwigsburg-based systems supplier, Mann+Hummel is taking over Helsa-automotive Gmbh & Co KG with he....
Wind River Launches In-Vehicle Device
Wind River Systems has announced the launch of its In-vehicle Device for the automotive industry. Th....
Bajaj RE GDi Autorickshaw
Bajaj Auto has launched RE GDi autorickshaw, which incorporates a Gasoline Direct injection (GDi) in....
Telcon Heads to West Bengal
Telco Construction Equipment to (Telcom). A joint venture of Tata Motors and Hitachi Construction Ma....
Ashok Leyland develops Indias first MPFI CNG engine for buses
Ashok Leyland has developed the countrys first one-litre per-cylinder CNG engine for buses employing....
Mahindra Scorpio 2.2
Mahindra & Mahindra has introduced a new engine in the Scorpio and christened the model as V-Series.....
Housing Components for engine & Transmission
ElringKlinger Ag offers new topseal housing components for engine and Transmission. These sealing sy....
Abhishek Auto in JV With global auto component major
Abhishek Auto industries Limited, the countrys first and leading seat belt manufacturer with Proxima....
Ricardo launches new subsidiary in India
Ricardo, which has enjoyed a long and successful history of providing engineering and Consulting ser....
Actros trucks, now made in india
Diamler Chrysler India handed over keys of the locally assemble Mercedes benz actrosTruck to its fi....
Jamuna auto may choose Chennai or Jamshedpur for R&D centre
The Rs.3.2 billion Jamuna Auto industries Ltd is going to choose between Chennai and Jamshedpur to ....
Volvo launches new wheel loader & pneumatic tyre roller
At excon,2007,Volvo construction equipment launched new series of wheel loader and the PT220 RH Pneu....
Exide to acquire pune-based Tandon Metals
Lead acid storage battery manufacturer, Exide industries has announced that it has finalised 100 per....
Ashok Leyland and Nissan sign agreement for LCV Partnership
Ashok Leyland and Nissan Motor Co have signed a binding Master Co-operative Agreement (MCA) for the ....
Bajaj and KTM to work on Joint projects
Bajaj Auto and KTM power Sport AG have announced wide-ranging Co-operation Involving the development....
Audi A6 starts production at Aurangabad
Volkswagen Group luxury sport car maker Audi has commenced the assembly of theA6 at Skodas Shendra f....
Maruti Awarded For Paying Rs 2,635 Crore Excise
The Central Board of Excise and Customs under the Ministry of Finance of India, has awarded the Maru....
Huge Contracts Worth $92 Million For Jubilant
The major pharmaceutical company named the Jubilant Organosys Ltd has recently received some new con....
New Energy Fund Launched By DSP Merrill Lynch
A new fund named the DSP Merrill Lynch Natural Resources and New Energy Fund has recently been launc....
Four Discoveries Notified By ONGC
A number of four oil and gas discoveries have been notified by the leading state-run company in the ....
Blaze At Warehouse Of Arvind Mills
The VF Arvind Brands Pvt Ltd has informed that a fire recently broke in its finished goods warehouse....
Railway Budget For 2008-09 Announced
The Railway Budget for the year of 2008-09, has been announced by the Union Railway Minister of Indi....
New Plant Inaugurated By Honda In Noida
One of the leading automobile companies in India, the Honda Siel Cars India has inaugurated a new ma....
Zodiac Launching New Brand Soon
The major textile company of India named the Zodiac Clothing has announced that it is planning to la....
Banks Directed To Widen SME Focus By RBI
In a recent official statement, the Reserve Bank of India (RBI) has directed the public sector banks....
Alok Industries Targeting Rs 1,100 Crore Exports In This Fiscal
The major Indian textile company named the Alok Industries has recently announced that it is targeti....
First Flight On Bio-Fuel Operated By Virgin Atlantic
The first flight of the world using the bio-fuel has been operated by the Virgin Atlantic on Sunday.....
Reliance Power Offering 3:5 Bonus
One of the leading companies in the power sector of India, the Reliance Power has decided to offer t....
Fiat To Achieve 90% Localization By 2010
The major automobile company in India, the Fiat India has recently announced that they are planning ....
PepsiCo to Export Citrus Fruit Concentrate from India
The major soft drink manufacturing company, PepsiCo has recently stated that it is thinking of start....
Strategic Alliance Between Gati And GLS
The leading company in the express cargo delivery segment in India and also a pioneer in the distrib....
British Biologicals Launched Cholesterol Drug
The British Biologicals, a Bangalore-based pharmaceuticals company has recently launched a nutrition....
Andhra Pradesh Government Okayed Nalcos Project
The state government of Andhra Pradesh has given an official approval to the1.5 million tonne alumin....
Fiat Introduced Two New Cars, to launch Alfa Romeo In India By December
The major automobile company in India, the Fiat India has introduces two new cars in the Indian mark....
Dell Planning To Sell PCs At Retail Outlets In India
The second-largest maker company of the personal computers (PCs) in the world, Dell is planning to a....
Deccan Aviation To Raise Rs 1,600 Crore
One of the major private airlines of India, the Deccan Aviation Ltd has recently announced that it i....
Reliance Retail Planned Rapid Rollout
One of the largest retail chains in India, the Reliance Retail has announced that it is planning to ....
Growth For GSK Pharma from Vaccines And Priority Products
Being considered among the leading pharmaceuticals companies in India, the GlaxoSmithKline Pharmaceu....
MoU Signed Between Nissan, Renault and TN Government
Two of the leading automobile companies of the world, the Nissan of Japan and the French company Ren....
HDFC And CBoP Considering Merger Proposal
The two major banks in India, the HDFC Bank and the Centurion Bank of Punjab (Centurion) have stated....
Aptara International Expanding Indian Operations
The US-based publishing technology company named the Aptara International Ltd has recently announced....
New JV Formed Between Veolia Water And Doshion Ltd
A new partnership has been formed between the European company named the Veolia Water Solutions & Te....
Hydro S&S Going To Supply Plastic Compounds To Nano
The Chennai-based WS Groups subsidiary company named the Hydro S&S Industries Ltd (HSSIL), has signe....
HC Inhibits Dabur On Selling Glucose D
The Calcutta High Court has recently directed the Dabur India Ltd to not to use the Glucose D mark i....
Simplex Bagged Rs 302 Crore Orders
The infrastructure service provider company named the Simplex Infrastructures Ltd has recently annou....
Orders Worth Rs 592 Crore For Alstom India
The French engineering major, Alstom SAs su8bsidiary company named the Alstom Projects India Ltd (AP....
Cairn India Awarded Huge Contract To L&T
The major construction company in India named the Larsen and Toubro Ltd (L&T), has recently received....
DaimlerChrysler Changes Name To Mercedes-Benz India
The major automobile company in India named the DaimlerChrysler India has recently changed its name ....
Tata Commenced Domestic Sales Of Sumo Grande
One of the leading automobile companies of India, the Tata Motors has announced the official commenc....
Wockhardt Hospitals To Raise Rs. 800 Crore For Expanding Business
The giant hospital network in India named the Wockhardt has recently announced that it is planning t....
Yamuna joining global power supply
Yamuna power is one of the leading player in power infrastructures development having more thanthree....
ONGC to invest in captive wind energy
Oil and natural gas commission will be entering into alternative energy sector with an investment of....
NTPC Plans JV for plant components
NTPC, is in negotiations with bharat Forge to set up a joint venture to produce component for power ....
L&T Floats subsidiary for power generation
Larsen & Toubro limited has floated subsidiary company to enter into power generation,. The Company ....
L&T Secures Major order of more than Rs.1,300 Crores from Cairn India
The engineering and construction Division of Larsen and toubro Limited has been awarded two Major co....
JSW energy plans Rs.4,000 crore IPO
JSW Energy Ltd plants to raise as much as $1 Billion (About Rs.4000 Crore) to build Generators, driv....
CESC has big plans for expansion
CESC, an RPG Group-Owned utility firm, has earmarked Rs.450 crore to invest in expanding Its transmi....
BHEL in JV with NPC for manufacture nuclear reactors
Bharat Heavy Electricals Ltd and nuclear Power Corporation (NPC),will soon from 50-50 JV for manufac....
AREVA acquires Nokian capacitors Ltd
AREVAs Transmission and Distribution (T&D) Division has signed an agreement with the Finish company,....
Adani Power invites bids for power plant in Maharashtra
Adani power Maharashtra pvt Ltd has issued tender notice inviting global bids for supply ofboiler, t....
OPGC to set up two units in IB-Valley
AES Corp managed Orissa power generation Corporation (OPGC) will set up two units of 600MW each in I....
Centre to solve RGPPL Issue
The Centre has taken steps to solve the dabhol power plant issue followed by visit of empowered Grou....
Mahavitaran cuts T&D Losses by 6.5%
State government owned power distribution company, mahavitaran, has managed to reduce its transmissi....
State to unveil policy to tap power through co-generation
The state will soon bring cut policy to promote cogeneration project based derive from bagasseAs fue....
Power Minister to receive power crisis situation in the state
On the background of power crunch of the order 4000-5000 MW in the state. Power Minister Mr.Sushilku....
Bhoruka power set up 300 MW Plant in the state
Bhoruka power Corporation Ltd plans to set up 300 MW thermal power plant in the state. The Company w....
Farmers to get uninterrupted power during Rabi Season
The Andhra Pradesh government will provide uninterrupted power to farmers during the forthcoming Rab....
Fund for T&D sector investments planned
The government is planning to set up a national electricity fund (NEF) with a corpus of Rs.1 lakhCro....
CERC permits use of transmission assets
Power sector regulator CERC has issued guidelines for use of transmission assets for any other busi....
Western Region to add 5000 MW
Western region comprising of states Maharashtra, Gujarat, Madhya Pradesh,Chhattisgarh, and Goa,is ex....
Overdrawal of power to cost more
The Overdrawal of power from the northern, eastern and western (New) grid would cost more.In a seri....
Government to bear 80% cost of generating solar power
In a bid to boost solar power generation, the government has announced it will bear up to 80 perCent....
Hydro Power Policy may attract more private investors
The Government has decided to give exemption to private developers from tariff based biddingfor peri....
No tax breaks for captive power units
The revenue Department will not provide for tax breaks for captive and merchant power Plants. Power ....
CERC seeks coal linkage for three plants
Government has asked Indian railways to commit coal linkage to three proposed power projects totalin....
CERC proposes new investor friendly tariff
Central Electricity regulatory commission has proposed some of the changes in terms and Conditions o....
CEA Proposes common regulator for coal and power industry
Central electricity Authority has suggested to power Ministry through its presentation for setting u....
Power Utilities look for centre help to sort out mine development issues
Many power utilities and other agencies which have received coal blocks for captive miningPurpose, h....
Profitability tops Telcos agenda
As telecom companies move to moreValue-based businesses, traditionalMeasures of success such as subs....
Maruti And Mundra Port Investing Rs 100 Crore
The major companies in India like the Maruti Suzuki India (MSIL) and the Mundra Port and Special Eco....
Allcargo Raising Rs 242 Crore From Blackstone
In a recent official statement released by the company, the Allcargo Global has stated that it is pl....
RIL Planning To Produce Methane Soon
The largest and biggest company of India in terms of market capitalization, Reliance Industries (RIL....
Sterling Group Acquired Norwegian Shipping Firm
The Chennai-based company and a subsidiary of the Sterling group, named Siva Ventures has recently a....
TCS And Chrysler Signed $120 Million Contract
The automobile manufacturer Chrysler LLC and the IT major Tata Consultancy Services (TCS) have recen....
Sierra Entered Global Services Co List
The Sierra Atantic has made an announcement on Wednesday and said that it has got an entry among the....
FCCB Issue Planned By Sujana Towers
In an official statement released by the company, the Sujana Towers Ltd has informed the Bombay Stoc....
Brother International Investing Rs 40 Crore In India
One of the major imaging products manufacturer of the world named the Brother International (India) ....
New IT Infrastructure Set Up By SIRO
SIRO Clinpharm Private Ltd (SIRO), a clinical research organisation has recently implemented a new I....
ABB Increased Net Profit By 34%
The ABB Ltd has recently announced that it has earned a huge 34% jump in its net profit at Rs. 180.7....
Automotive sector beckons mutual trade between India & Germany
Automotive sector beckons a great opportunity in enhancing the mutual trade between India and German....
Canadas automotive parts manufacturing industry invites Indian industry to be a ..
At the Special session on Auto Sector: Partnership Summit 2008.Gurgaon, Haryana, Organisedby confede....
New Corolla by mid-2008
The new Toyota corolla has reached Thailand. The car is expected to hit the Indian shores by mid -20....
Elantas Beck lab Inaugurated in Pune
A laboratory set up jointly by Underwriters Laboratories (UL) India and Elantas Beck India Ltd(EBIL)....
Yamaha YZF R15 for India
Yamaha Motor India may find its lost grandeur with the introduction of the YZF R15. The R15Flaunts a....
Stamford brings Falken 912 to India
Singapore based Stamford Tyres has introduced in the Falken Zies ZE912 Range of Tyres for the Replac....
Mahindra & Mahindra acquires GRD Italy
In a surprising move, Mahindra & Mahindra has signed a binding agreement to acquire the business ofG....
M&M realigns manufacturing plans
Mahindra & Mahindra has reviewed its plan in connection with it teaming up with Renault and Nissan ....
Magna Steyr Engineering and R&D Office at Pune
Magna steyr . an operating unit of Magna international Inc., is expanding its presence in India by O....
Eicher ties up with Patel integrated Logistics
Patel integrated Logistics, which is part of the Patel Group, has entered into a tie-up with Eicherf....
Kawasaki big Bikes from Bajaj
Bajaj Auto is said to be planning to Introduce a range of CBU bikes in India .Many of these are clai....
Dr.Virender Mahajan Awarded
Dr.Virender Mahajan, Medical Director Maharishi Charak Ayurvedic Centre for Rheumatic Diseases, Jamm....
Manoj Kohli inducted into the GSM Association Board
Mr. Manoj Kohli, President and CEO, Bharti Airtel, has been inducted into the prestigious GSM Associ....
Gujarat Can emerge as global Pharmaceuticals hub: KPMG
Gujarat is poised to capture emerging opportunities to become a global pharmaceuticals hub,internati....
New Pain killer injection launched
City Based troikaa Pharmaceuticals Limited unveiled a new version of its DYNAPAR AQ 1ml,whichcauses ....
FICCI Seeks duty-free import of packaging Machinery
Government should allow import of Packaging machinery at zero duty besides abolishing exciseDuty to ....
Daikin Setting Up First Manufacturing Unit In Rajasthan
The Japanese company, Daikin Industries fully owned subsidiary in India named the Daikin Air-conditi....
Ranbaxy Diverging Drug Discovery Unit
One of the leading pharmaceuticals companies in India, the Ranbaxy Laboratories has recently announc....
MoU Signed Between Infosys And Nihon Unisys
The Indian IT major, Infosys Technologies and the Japanese major IT service provider, Nihon Unisys h....
Sanyo India To Vie For Rs 150 Crore Sales Target In Next Fiscal
The major electronics company named the Sanyo India has recently announced that it has set up a targ....
PLHT To Set Up New Facility Near Chennai
The Hinduja Group Company named the PL Haulwel Trailers (PLHT) has recently announced that it is pla....
MoU Signed Between HPCL And GITAM University
The oil major, Hindustan Petroleum Corporation Ltd and the famous educational institution, GITAM Uni....
DMart Setting Up Facility In Gwalior
One of the leading luxury lifestyle brands in India, the DMart Exclusif has recently announced that ....
Share Of Reliance Power Went Up
The Reliance Power has had a very good day in the stock exchange on Monday as its stock closed a 7.5....
Bharti Airtel Becomes Leader In NLD Segment
The leading private operator in the Indian telecommunications segment, the Bharti Airtel has recentl....
Alcome Perfumes Setting Up New Unit In India
The major cosmetics products manufacturing company of the world, Alcome Perfumes & Cosmetics has rec....
Russian Steel Major SRK Entering Indian Steel Service Centre Market Soon
One of the leading steel stockiest in Russia, the StalPromyshlenaya Kompania (SRK) has recently anno....
Logistics Company Launched By Gammon India
The major company in the Indian infrastructure sector named the Gammon India has recently establishe....
BSNL Awarded Contract To Oracle
The leading telecommunications service provider of India, the state-run Bharat Sanchar Nigam (BSNL) ....
RBI Approved Indiabulls Plea For NBFC
The Reserve Bank of India (RBI) has recently approved the Indiabulls plea of starting the non-bankin....
Concept Setting Up 2 Units In Uttaranchal Soon
The Concept Pharmaceuticals, a Mumbai-based company that is being promoted by the founders of the ma....
ONGC Awarded Rs 1,250 Crore Order To L&T
The giant constructions company named the Larsen & Toubro (L&T) has recently bagged a big Rs 1,250 c....
Huge Contract Worth Rs 650 Crore For BHEL From Libya
The state-run major company in the power sector, the Bharat Heavy Electricals (BHEL) has recently in....
Disney Increasing Stake In UTV By Investing Rs 805 Crore
One of the leading entertainment companies of the world, The Walt Disney Company (Southeast Asia) ha....
First Liaison Office Launched By NEC Electronics In India
The NEC Electronics, a Japan-based company that operates in the electronics goods sector, has recent....
Archidply Planning To Issue IPO For Expanding Business
The leading company in the wooden interior products market in India, the Archidply Industries Limite....
Agreement Signed Between Igarashi Motors and Robert Bosch For JV
The Igarashi Motors India from Chennai has announced that it has recently signed an agreement with t....
Sports & Leisure Investing $10 Million For Expanding Business In India
The license-holder of Lacoste in India, the Sports and Leisure Apparel Limited, has recently announc....
Government Kept Edible Oils Tariff Values Unchanged
In a recent statement, the Indian government has stated that there will be no change in the base pri....
Vipul Group Announced Three Mega Plans For Punjab
The flagship company of the Vipul Group named the Vipul Ltd has recently announced three mega plans ....
Dun & Bradstreet Award Conferred Upon BILT
The Dun & Bradstreet - American Express Corporate Awards 2007 has been conferred upon a subsidiary c....
New Cancer Drug Launched By Zydus Cadila
A new drug named the Nudoxa for chemotherapeutic treatment of various cancers has recently been laun....
MRTS Order Awarded To Simplex Infra
The major construction company in India named the Simplex Infrastructures Ltd has announced that it ....
New Contract Signed Between NRDL And Eli Lilly
The R&D firm of the Nicholas Piramal (NPIL) named the NPIL Research & Development (NRDL) have recent....
MoU Signed Between NSDL And Euroclear
The two central securities depository companies named the National Securities Depository Ltd (NSDL) ....
Corporate Developments
The corporate organisation of India has reported some wonderful development in the recent past. The ....
Tata Group And Boeing Planning To Form JV Soon
The leading industrial organisation of India, Tata Group and the major aircraft company of USA, the ....
Blue Star Completed Acquisition Of Naseer Electricals
The major electrical company named Blue Star has informed that it has recently completed all the req....
L&T Bagged Huge Order Worth Rs 311 Crore From Qatar
One of the leading construction companies in the world, the Larsen & Toubro Ltd (L&T) has recently a....
ONGC Awarded Rs 200 Crore Order To BHEL
The state-run major power company, Bharat Heavy Electricals Ltd (BHEL) has recently announced that i....
Oil & Gas Discovered By Jubilant Energy In Cauvery
The subsidiary company of the Jubilant Group named the Jubilant Energy has recently announced that i....
3 New Projects Announced By PepsiCo India In Andhra Pradesh
In a recent statement released by the company, the PepsiCo India has stated that it is going to perf....
Airtel wins The Best Billing/ Customer Care Solution at the GSMA Mobile World Co..
Airtel was awarded with top honors in the GSMA Mobile World Congress Conference in Barcelona for its....
GAIL Collaborates With ITERA
On Wednesday GAIL Ltd. (India) has signed an understanding pact with Russian ITERA Oil & Gas Company....
Rakon Invests $6 Million In Centum Frequency
New Zealand based multinational company, Rakon Ltd. has decided to invest $6 million to acquire the ....
Accent Will Be Supplied To Govt. By Hyundai
The fleet of official cars for the Ministry of Commerce from now on will be Accent. Accent is presen....
IIP Records 7.6% in Indias Output
The official Index of Industrial Production (IIP) has registered a 7.6 per cent year-on-year increas....
TTD Holds Basmati Rice
Basmati is more famous as biryani rice. Although Tirumala Tirupati Devasthanams or TTD has given a n....
Govt. Meeting Steel Produces Again
To discuss the increase of prices the government and the steel producers held a meting in the capita....
Non-Payment Of Excise Duty Leads To Penalty; HC Asks For Notice
The Superintendent of Central Excise in Ambasamudram has issued an order of imposing a penalty of Rs....
M&M To Make Mine Proof Vehicles
A special wing of Mahindra and Mahindra, Mahindra Defence is to develop mine protected vehicles. For....
PVR-Thai Company Sign Pact
PVR, in association with Thai entertainment and lifestyle company, will set up bowling alleys, karao....
Mahindra To Build SEZ in Sri Lanka
Mahindra Lifespace Developers Ltd. has signed a deal with the Board of Investments of Sri Lanka to d....
Kingfisher Airlines Planning Non-Stop Flights to US West Coast
According to Kingfisher sources, Kingfisher may operate non-stop flights from India to US West Coast....
Thermax and B&W PGG Joint Venture For Utility Boilers
Thermax Ltd. and B&W PGG, a US based company have signed a technical transfer license agreement. Thi....
Modine Thermal Plans For Engine Cooling Systems
Modine Thermal Systems Pvt. Ltd, a Chennai based company, is seeking for either a joint venture or a....
FTE Automotive to Produce And Supply Clutch Actuation Systems
FTE Setco Automotive will produce and supply hydraulic clutch actuation systems from December 2008. ....
Escort Constructions tie up with Altec
Escorts Constructions Equipment Limited, a Faridabad based company, is Indias leading multi product ....
Indian Sensex Slips by 7%
The Sensex repeated the January 21 disaster when it fell over 7 per cent on Monday. The benchmark in....
Disaster Debut For Reliance Power IPO
Reliance Power IPO today closed at 17 % below the allotment price on Monday. Owing to the market con....
Best & Crompton Sold Property for Rs. 148 Crore
The 14.5 acre Ambattur property of Best & Crompton has been sold to the Chairman of Sterling Infotec....
Fresh Bids For Sugar Mills, Bihar
Bihar Government has decided to invite fresh bids for the 10 closed out sugar mills. These state run....
ArcelorMittal Provisionally Allotted Land For Their Future Project
The Orissa Government has given a provisional nod to Arcelor Mittal for an allotting 7750 acres of l....
Moser Baer India Is Coming Up With A Photovoltaic Unit
Moser Baer, an optical storage disc making company, has planned to establish a thin film photovoltai....
Biocon Acquires Majority Stakes In German Pharma Company
Biocons first major to move to establish itself in the European market came through the acquisition ....
Elecon Gets 235.5 Crore Order From Sail
On Monday the Material Handling Equipment division of Elecon Engineering Limited said that it has ba....
Panacea Biotech Opens Its Fifth R&D Centre
Panacea Biotech has come up with its fifth research and development centre at Navi Mumbai. This R&D ....
Vaccine for Cervical Cancer in India
Vaccine for cervical cancer will reach Indian markets soon in case the efforts of WHO pay off. These....
OVL-Hinduja Looking Forward to Deal With Iran for Oil
Hinduja and OVL are looking forward to strike a deal with Iran regarding oil and gas fields. They wi....
Persistent Systems Steps into Mobile Application
The ever-increasing number of mobile users has given the industry a huge boost. India alone has 200 ....
With QIP in Kitty BoI Plans Expansion
Bank of India has extension plans for allied business like wealth management and mutual plans after ....
BioAsia Innovation Award 2008 in Hyderabad
BioAsia Innovation Award 2008 was shared by Dr. K.S. Jaganathan and Dr. Sharmistha Banerjee. Dr. Jag....
Industrial concerns highlighted at Conference on Competition Act
At the conference on the Competition Act the Union Minister of Corporate Affairs, Mr. Prem Chand Gup....
Newark Drugs, US, Is Now Owned By Natco Pharma
After acquiring SaveMart Drugs and Nick Drugs Natco Pharma Ltd. has obtained Newark Drugs, located i....
Eicher Collaborates With Volvo
Now the Eicher vehicles will be equipped with Volvo Engines. The company is waiting for the emission....
Expansion Plans For Yushiro Chemical Industry
Yushiro Chemical Industry is a Japan based company, which has, plans for expanding its business in I....
Exchange Offers For Beauty Creams
In a move to attract more customers Unilever and Procter & Gamble are offering old creams for new. B....
Raymond To Create Its Own Designs
Raymond is in a way re-launching its designer brand. Being one of the most reputed companies in the ....
ArcelorMittal Planning For Iron Ore Mines In Orissa and Jharkhand
ArcelorMittal have applied for new iron ore mines in Jharkhand and Orissa. The company is investing ....
Recent Corporate Expansions
Several corporate houses have made expansion policies to develop themselves. For instance, Patni Com....
Ranbaxy Gets a Clean Chit For Ceftin
Ranbaxy Laboratories Ltd is the first company in the Indian market to receive a no objection certifi....
Family Stores Are the Latest From The House Of Aditya Birla
Retail Stores are the latest projects that are being worked on by Aditya Birla group. An investment ....
KKR Has Bought 2% Of Bhartis Stake
According to statement issued by Bharti Airtel Ltd. a private equity firm Kohlberg Kravis Roberts & ....
JIL Sets Up New Photovoltaic Plant
JIL, a Kolkata based company is planning to open new photovoltaic solar cell manufacturing units in ....
Tata Securities To Launch Retail Broking
Tata Securities Ltd. is all set to enter the business of retail broking. The company is planning to ....
IPO Of Emaar Extended
Emaars IPO which was supposed to close down on Wednesday has received a new lease of life. It time p....
Cold Waves Affect Grape Output
Continuous cold conditions may adversely affect the grape production. In Maharashtra about 8 to 10% ....
Glenmark Receives a Whooping $15 Million From Forest Labs
Forest Labs has forwarded a payment of $15 million to Glenmark Pharmaceuticals Ltd. this amount will....
New CEO For Jagran-18
Jagran-18 has appointed a new CEO for itself. Mr. Bharat Kapadia is the new CEO as well as the manag....
Education Can Reach New Heights With Shared PCs
NComputing, a Redwood based company has launched shared PCs. By this means you can create as much as....
Tata Sky Reduces Hardware Prices
There is good news for consumers who want to shift to DTH from cable. Tata Sky has reduced the price....
Hyundai is Back Again
Hyundai Motor India Ltd. launches a second car plant in India. This time the car plant will be locat....
Ford Planning for Small Cars
Ford is thinking on the similar lines of Toyota, Honda, Volkswagen to introduce small cars in India....
Talks For Removing Trade Barriers
FICCI (The Federation of Indian Chambers of Commerce and Industry) has been standing in support for ....
Air India Set To Launch New IT Solutions
At Thiruvanatapuram National Aviation Company of India Ltd announced its plans for launching new IT ....
It Is Expansion Time for Tanfloras Operations
Tanflora is planning to expand and diversify its operations. This park is an agro zone that exports ....
Sierra Atlantic in Hyderabad
Sierra Atlantic has decided to open a new campus in Hyderabad. This is its first campus here and is ....
Fords First Showroom Launched In Kolhapur
Ford, the Chennai-based car maker company in India has launched its very first dealership in Kolhapu....
Hearing For TVS And Bajaj Patent Conflict Continues
The Madras High Court is currently continuing the hearing of the intellectual property conflict betw....
Two New Vaccines Launched By GSK Pharma
One of the leading pharmaceuticals companies of India, GlaxoSmithKline Pharmaceuticals Ltd (GSK) has....
Agreement Between Glenmark And Merck Terminated
The major pharmaceuticals company, Glenmark has recently announced that it has terminated the out-li....
Microsoft Offered $44.6 Billion To Acquire Yahoo!
The leading software service provider company of the world, Microsoft has made a huge proposal to on....
Price Hike From Uttam Galva By Rs 2,000 Per Tonne
The officials of the galvanized steel supplier company, the Uttam Galva Steels have announced on Fri....
Hyundai Motors Investing $1 Billion In India By 2013
The giant automobile company from Korea, Hyundai Motor Co has recently announced that it is planning....

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India Business News of February, 2008