Companies & Industry

Boeing logs ambitious business plan for India

Company eyeing commercial aircraft orders worth $40 bn in next 20 years. ...Read

MNCs have a healthy share of cancer drug patent claims

358 of 413 drug patent applications for the disease in India are from top multinationals. ...Read

NMDC in talks with Canadian firm for mega-iron ore project

Bid to be submitted by mid-April. ...Read

Maruti to invest Rs 9,000 cr more

Plans world class R&D, design facility, regional distribution centres and logistics support. ...Read

Steel price hurts component makers

Rising steel price is becoming a major cause of concern for the $15 billion auto components sector that is already in trouble due to a lower demand in the domestic market, while exports have also ...Read

Indiabulls banks on realty skills to run Trumart

Barely four months after it acquired an 84 per cent stake in Piramyd Retail, Indiabulls is going in for a major restructuring of the Trumart business model. ...Read

L'Oreal India's beauty grows with time

A company known for consistently launching new products every few years, French cosmetics major L'Orial recorded a turnover of Rs 600 crore, and a growth of nearly 40 per cent, in India in 2007. ...Read

With level playing field you can't compete with NTPC, says C

Taking a dig at private sector competitors to whom it lost the bids for Ultra Mega Power Projects, state-owned NTPC has said it is an ethical company and can overcome any competitor on a level playing ...Read

Thermax to go slow but steady in power segment: CEO

Chooses not to undertake big contracts that carry a bigger risk. ...Read

Intas setting up plasma fractionation facility

Celestial Biological, a subsidiary of Intas Biopharmaceuticals Limited, is in the process of setting up the country's first plasma fractionation facility near Ahmedabad. ...Read

It's KMFvs Gujarat milk body for ice cream

When the mercury level soars in Karnataka, cooperative majors ' the Karnataka Cooperative Milk Producers' Federation (KMF) and Gujarat Cooperative Milk Marketing Federation (GCMMF) ' will fight it out ...Read

JSW Energy for 1,320Mw plant in MP

MP to get 37 per cent of the power produced at the plant. ...Read

Vakil Housing forays into Tamil Nadu

Bangalore-based Vakil Housing Development Corporation (VHDC) has forayed into the Tamil Nadu realty market by launching its project at Hosur. ...Read

Agarbathi maker to peddle room freshners

After diversifying from agarbathies to its allied branches like fragrances, personal care products and, natural and essential oils, the Mysore-based N R Group is now targeting customers through retail ...Read

Monsanto, Greenpeace clash over GM brinjal safety in India

The MNC's seed partner doesn't want details of its safety test in the public domain. ...Read

BMW to source chassis and engines from India

German luxury carmaker BMW is evaluating over 100 component manufacturers in India to outsource engines and chassis for its global manufacturing operations, according to a board member. ...Read

GHIAL to get less revenue from ground-handling firms

GMR Hyderabad International Airport Ltd (GHIAL), the public-private consortium operating the first new airport to start commercial operations, has reduced the revenue stream from the two mandated ...Read

BHEL to spend Rs 5,000 cr on JVs

Power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) is likely to spend nearly Rs 5,000 crore over the next three years in its yet-to-be-formed joint venture companies with power utility ...Read

'Our company is in a recession-proof sector'

Indo Asian Fusegear, a manufacturer of electrical products like circuit breakers, switches, fuses and compact fluorescent lamps (CFLs), has recently made a foray into services by bagging the power ...Read

Non-Sensex cos to beat the biggies

Housing, infrastructure, pharmaceutical and IT companies are all set to get on the scoresheet. ...Read

Blue Dart to increase warehousing capacity

Indian express-courier and distribution company Blue Dart, in which global logistics major DHL holds a majority stake, is to double its warehousing capacity to 2 million square feet in the next two ...Read

Samsonite targets small towns to widen reach

Samsonite, the premium travel gear brand, is tapping the smaller cities to widen its reach in India. The company expects footwear and other travel accessories to contribute 20 per cent of the business ...Read

The niche player: Mahindras driving into defence

On a chilly November morning last year, an army Rakshak jeep crawled slowly along a side road near Sopore in J&K. The six Rashtriya Rifles jawans inside were on alert; in that area danger is ...Read

Rajasthan stops work on Cairn pipeline

Cairn India's efforts to raise the nation's crude oil output has hit another roadblock with the Rajasthan government stopping work on a pipeline needed to transport the precious commodity to refiners, ...Read

Centre objects to construction near BPCL refinery in Mumbai

Constructions in the vicinity of Bharat Petroleum Corporation Ltd's (BPCL) refinery in Eastern Mumbai have left both the company as well as the home ministry worried because of the potential security ...Read

GSHL signs iron ore, coal mining leases in 3 countries

Ispat Industries' promoter Pramod Mittal-owned Global Steel Holdings Limited has signed up mining leases for iron ore and coal reserves in Brazil, Colombia and Mozambique. ...Read

Setback for Ranbaxy in Lipitor case against Pfizer in Canada

World's biggest drugmaker Pfizer today said a Canadian court had ruled in its favour, upholding patent for a molecule of its cholesterol-lowering drug Lipitor, thereby preventing Indian rival Ranbaxy ...Read

'Steel price hike may cause acute unemployment'

Expressing concern over the steep hike in the steel prices, which was of about 35 per cent in the current financial year, Punjab Chamber of Small Exporters, Federation of Jalandhar Industrial & ...Read

Jolly Grant to start operations from March 30

The modernising and upgrading work at the Jolly Grant airport in Dehra Dun is complete. ...Read

US-based Outline systems plans expansion in India

Plans to infuse $4-5 million into its India operations this year. ...Read

Unsafe, yet holi colour industry growing at 15%

The multi-crore holi colour industry in Uttar Pradesh continues to grow almost 15 per cent year-on-year, even as safer variants such as herbal gulal are consolidating their market pie. ...Read

Uttar Pradesh industry in 'renaissance' phase

Industry in Uttar Pradesh is passing through a 'renaissance' phase. While some industries are decreasing operations in the state, many are making inroads to set up their ventures in the state. ...Read

Biotech firms to float body for R&D

Stray efforts by Gujarat-based companies in biotechnology research and development (R&D) notwithstanding, the state is lagging behind in making its mark in the biotechnology space in the country. ...Read

Country Club acquires A'bad's Goyal Water Park

Earmarks Rs 150 cr for Gujarat. ...Read

Plans afoot to address staff shortage

Business and trade associations in Gujarat are now focusing on tackling the growing manpower crunch in the state. ...Read

Audi plans to open 15 dealerships by 2009

Luxury car-maker Audi plans to reach all the big cities in India by the year 2009. ...Read

Bangalore's real estate scene turns sour after 4 years

Real estate prices in Bangalore, one of the fastest growing metros in the country, have peaked and in some cases have come down in the present year, after riding high for four years. ...Read

Brigade's M'lore SEZ to have hospitality

Brigade Group, Bangalore-based property developers, which has received the final approval for its IT/ITeS Special Economic Zone (SEZ) at Mangalore, plans to introduce hospitality to make the project ...Read

Tata team seeks ways to keep Nano at Rs 1 lakh

Tata Motors has set up a separate team at its plant in Pune to examine ways to cut manufacturing costs on the Nano, the small car scheduled for an October launch, to bring the ex-showroom price down ...Read

Roche in talks with Actis Biologicals

F. Hoffmann-La Roche, the Switzerland-based global pharmaceutical major, is in talks with biotech drug research company Actis Biologics, to form a research and marketing alliance to access rights of ...Read

Larsen & Toubro flexes its engineering might

On January 26, 2007, when the sleek, indigenously developed Nag Missile Carrier (NAMICA) rolled down Rajpath in the Republic Day parade, Larsen & Toubro (L&T) executives and workers watched ...Read

India Inc set to slump further in FY09

Majority of the Sensex firms have already witnessed fall in sales, net profit growth in 9 months ended Dec '07. ...Read

Spurt in gold prices hurts retail plans of family jewellers

Soaring gold prices may derail the retail expansion plans of family jewellers who account for a chunk of the trade in India. ...Read

Hind Latex to set up cheap hospital facilities

Hindustan Latex, the mini ratna company based in Thiruvananthapuram, has floated a joint venture with US-based Acumen Fund to set up a chain of small hospitals that will provide affordable maternity ...Read

Kingfisher is IPL umpire partner

The DLF Indian Premier League ' the twenty20 tournament promoted by Board of Control for Cricket in India ' today announced that Kingfisher Airlines will be the official umpire partner and will ...Read

Demand for services boosts Genpact's net 109%

The New York Stock exchange listed Genpact reported positive results for the fourth quarter and year ended December 31, 2007, spurred by the rising interest from existing clients and demand for ...Read

Asia Heart plans hospitals in Bengal

Asia Heart Foundation is planning to set up hospitals in 19 districts of West Bengal. ...Read

Essar in race to buy ArcelorMittal's US mill

Essar Steel has emerged as one of the potential suitors for Sparrows Point mill of ArcelorMittal, with leading Russian steelmakers, according to a report. ...Read

Kaashyap Tech to acquire US company

Chennai-based training and SAP implementation company, Kaashyap Technologies Limited (KTL), is in the process of acquiring a logistics solutions company in the US. It is also scouting for a joint ...Read

Blue Food charts Rs 25cr plan for Bangalore

Blue Foods Hospitality, the Mumbai-based restaurant chain which owns nine brands and 12 sub-brands of restaurants, plans to expand in Bangalore with more of its restaurants. The company has so far ...Read

Godrej ropes in Hrithik to lather Cinthol sales

Godrej Consumer Products Ltd (GCPL), aiming to expand and double sales of its flagship brand Cinthol, has recently roped in actor Hrithik Roshan as brand ambassador. ...Read

8 banks may join SBI to fund Jaguar bid

Atleast four public sector banks and four foreign lenders are likely to join the State Bank of India-led consortium to raise $3 billion to fund Tata Motors' foreign acquisitions including the $2 ...Read

PSUs emerge unscathed by market plunge

Delay in investing Rs 72,000 crore in mutual funds saves government-owned companies from losses. ...Read

Bajaj Cap plans $50 mn mop-up for expansion

Bajaj Capital, a four-decade old investment advisory and financial planning firm owned by K K Bajaj, is planning to raise $50 million to expand its network despite turbulent global market conditions. ...Read

Onsite IT staff feel the heat of sub-prime crisis

Faced with imminent recession in the US, Indian IT services companies with major exposure to the North American markets are likely to cut the onsite allowances of employees deployed at clients' ...Read

'Open source drug discovery will lower costs'

The Council of Scientific and Industrial Research (CSIR) links 37 constituent laboratories with diverse research portfolios as varied as drug discovery to oceanography. The agency, which had a ...Read