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INDIA BUSINESS WORLD - FEBRUARY 1st - FEBRUARY 15th - 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
BUSINESS NEWS
SUBEX BAGS CONTRACT FROM SLOVENIAN TELCOSubex, a leading provider of operations support system (OSS) solutions, has bagged a contract from Slovenia-based telecom operator Telekom Slovenije......More....
ADAG STAKE IN DECCAN CROSSES 10%ADAG has increased its stake in Deccan Aviation to 10.76% at the end of January, up from just over 3% in the September quarter....... More....
RANBAXY GETS TENTATIVE FDA NOD FOR ULCER DRUGRANBAXY Laboratories has received tentative approval from the US Food and Drug Administration (FDA) to market Esomeprazole, the generic copies of Astrazeneca’s blockbuster drug Nexium in 20 mg ..... More....
ALMONDS, CASHEW NUTS PACKAGING LIABLE FOR EXCISE DUTY, RULES SCThe Supreme Court has ruled that packaging of processed cashew nuts, peanuts, almonds etc in the form of dry roasting, oil roasting, salting would attract excise duty...... More....
COKE’S RS 200-CR FDI PLAN REFERRED TO CCEAA proposal from American giant Coca-Cola’s Indian subsidiary to invest an additional Rs 200 crore ($52 million) in local operations has been referred to the Cabinet Committee on Economic Affairs (CCEA).......
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ERICSSON BAGS PUSH EMAIL AIRCEL CONTRACT Swedish network infrastructure major Ericsson has bagged the contract to provide consumer push email for Aircel....... More....
DR REDDY'S ENTERS INTO AGREEMENT WITH UK FIRMPharmaceutical major Dr Reddy's Laboratories has said that it has entered into an agreement with British company SkyePharma Plc to undertake a feasibility study of a product, which will use the drug delivery systems of the UK firm........ More....
FIRSTSOURCE WINS $80 M BARCLAYS DEAL Firstsource Solutions has clinched a $80 million five-year outsourcing deal from Barclays Plc..... More....
L&T BAGS 1,107-CR SAIL ORDERLarsen & Toubro (L&T) has bagged a Rs 1,107-crore order from SAIL for the construction of coal and coke handling plant and base mix preparation plant at IISCO steel plant in West Bengal....More....
ADITYA BIRLA TO RAISE STAKE TO 40% IN GROUP COSAditya Birla Group, the $24-billion diversified conglomerate, intends to scale up its shareholding in its cement flagship Grasim Industries to at least 40%, according to group chairman Kumar Mangalam Birla. Mr Birla said the aim ....... More....
SOROS INVESTS IN RELIANCE ENTERTAINMENTBillionaire George Soros has bought a 3% stake in Reliance Entertainment, Anil Ambani’s films-to-mobile gaming company, for $100 million....More....
ABB BAGS RS 330-CR ORDER FROM POWERGRIDABB India has been awarded Rs 330-crore order to provide turnkey substation solutions and a range of power products to Powergrid Corp of India (PGCIL)...... More....
XL TELECOM BAGS RS 234-CRORE EXPORT ORDER FOR SOLAR PANELS Hyderabad-based XL Telecom, which has diversified business interest in telecom and energy, said it has bagged a Rs 234-crore order for supplying solar panels to the European Market....... More....
NOKIA SIEMENS NETWORKS BAGS CONTRACT FROM IDEATelecom infrastructure solutions provider Nokia Siemens Networks has said that it has won a major contract from India's telecom firm Idea Cellular.... More....
STERLITE TECH BAGS $17.5-M CONTRACT FROM ETHIOPIAN FIRMGlobal provider of optical fibres Sterlite Technologies has said that it has bagged a $17.5 million (about Rs 70 crore) contract from an Ethiopia-based power company...More....
TCS REJIGS $6-B BIZ INTO 20 UNITSCall it the United States of Tata. India’s No. 1 software exporter and the largest private sector employer, Tata Consultancy Services....More....
PIPAVAV SHIPYARD (PSL) BAGS RS 2,050-CR PANAMAX CARRIERS ORDERPipavav Shipyard (PSL) has said that it has bagged an order worth about Rs 2,050 crore for building 26 panamax bulk carriers...... More....
TELECOM M&AS TO PAY SPECTRUM TRANSFER FEEThe department of telecom (DoT) has decided to impose spectrum transfer fee on the sale of telecom licences. While the move is primarily aimed at discouraging new entrants.... More....
DLF BAGS IPL TITLE DEAL FOR RS 200 CR, SPONSORSHIP RIGHTS FOR FIVE YEARS, WITH 40-CR FIRST-YR SURETY Real Estate developer DLF has bagged the Indian Premier League’s (IPL) title sponsorship rights for Rs 200 crore for five years, with a first year commitment of Rs 40 crore...... More....
IDG VENTURES INDIA INVESTS $3 MILLION IN AUJAS NETWORKS IDG Ventures India, a $150-million early-stage technology venture capital fund, has invested $3 million in Aujas Networks....... More....
BYCELL PROPOSAL AMONG 25 CASES CLEARED BY FIPB, JM FINANCIAL & DUMERIC HOLDINGS PROJECTS TOO GET NOD The Foreign Investment Promotion Board (FIPB) has cleared the long-pending proposal from ByCell Communications to bring in foreign investment of $500.... More....
LN MITTAL BUYS INTO INDIABULLS ARMSteel baron LN Mittal and hedge fund Farallon Capital have invested Rs 1,580 crore for 28.6% in Indiabulls Power Services (IBPS), promoted by the Indiabulls Group to set up power plants across the country....... More....
WIPRO INFOTECH BAGS $50-M PANTALOON DEAL Wipro Infotech has bagged $50-million five-year IT outsourcing contract from Pantaloon Retail. It will roll out and manage IT operations...... More....
CBDT EXTENDS DUE DATE FOR QUARTELY RETURNSThe Central Board of Direct Taxes have extended the due date for filing of quarterly statements of Tax Deducted at Source (TDS) and Tax Collected at Source (TCS)....More....
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