Saturday, July 31, 2010
Paints
Berger Paints eyes domestic acquisition
Jul 30, 2010
Berger Paints India Ltd is eyeing an identified acquisition target, which has a small share of paints market in the country. Mr K S Dhingra, Chairman of the company, after the AGM here on Thursday said that Ernst & Young has been appointed for du ..
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Electronics
Panasonic to buy Sanyo, another unit for $9.4 bn
Jul 30, 2010
Japan’s Panasonic Corp plans to buy out subsidiaries Sanyo Electric and Panasonic Electric Works for up to $9.4 billion to strengthen its push into greener businesses. The world’s number four flat TV maker will raise up to 500 billion yen in a new sh ..
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Capital Goods
Lanco Infra wins EPC deal for 1,980 MW Mahagenco Koradi project
Jul 30, 2010
Lanco Infratech Ltd (LITL) announced that it has bagged a contract from Maharashtra State Power Generation Co Ltd (Mahagenco) for Balance of Plant (BOP) package for three new units of 660 MW, each being set up for Mahagenco's Koradi thermal power pla ..
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Telecommunication
TTML to invest Rs 900 cr
Jul 30, 2010
After posting a healthy profit of Rs 557.8 crore in the June quarter today as against a Rs 23-crore loss in the year-ago quarter, Tata Teleservices Maharashtra (TTML) said it has lined up a capex of Rs 900 crore for the current fiscal to fuel its bus ..
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Telecommunication
Huawei joins handset race
Jul 30, 2010
Huawei Technologies Co Ltd. on Thursday announced its entry into the Indian handset market with the launch of 20 new models. Huawei till now was selling its handsets in India only through operators. The devices have been launched utilising Qualcomm's ..
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IT
NTT Data acquires FirstApex
Jul 30, 2010
Japanese IT solutions and service provider NTT Data Group has announced the acquisition of FirstApex, an enterprise-wide IT solutions and services company in the insurance space. The Japanese company acquired 79.7 per cent stake in the latter. FirstA ..
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IT
HCL Infosystems bags Census project order
Jul 30, 2010
HCL Infosystems, the hardware and system integration company has said that it has bagged a Rs 40-crore order to digitise the data generated from the Census of India project. “HCL Infosystems will collaborate with the Government to digitise the data g ..
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Oil & Gas
Essar Oil group bags 4 coal bed methane blocks
Jul 30, 2010
Essar Oil Ltd, Arrow Energy with its consortium, and Great Eastern Energy Corporation, on Thursday signed production sharing contracts for the acreages awarded under the fourth round of Coal Bed Methane (CBM) blocks auctions. Agreements were signed f ..
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Automotive
Honda plans big growth in India for 2-wheelers
Jul 30, 2010
Honda Motor Company has decided to go flat out in its motorcycle business in emerging markets like India where there is increasingly strong competition from local players. The company has targeted increasing its annual bike production capacity in Asi ..
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Energy
M&M unit investing Rs 750 cr in solar power units
Jul 30, 2010
The Cleantech division of the diversified Mahindra & Mahindra Group plans to install 50 MW of solar power generation capacity across five States at an outlay of Rs 750 crore. The company is also looking at playing a consultancy role in the new an ..
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