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INDIA BUSINESS WORLD - NOVEMBER 16th - NOVEMBER 30th
- 2007
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
ICON HOSPITALITY BUYS HOTEL ROYAL ORCHID CENTRAL FOR RS. 82CR : Icon Hospitality, a subsidiary of Bangalore-headquartered Royal Orchid Hotels, has acquired Hotel Royal Orchid Central for a consideration of Rs 82 crore More....
MARG INFRASTRUCTURE BUYS DREDGER : Infrastructure and real estate development company Marg Constructions has acquired Marg Cauvery, a cutter suction dredger, marking its entry into the dredging industry More....
ORCHID GETS US FDA NOD FOR ANTIBIOTIC : Orchid Chemicals & Pharmaceuticals said it has received approval from the US FDA for its Abbreviated New Drug Application (ANDA) for Cefpodoxime Proxetil Tablets More....
UTI VENTURES INVESTS $8M IN ALTERNATIVE ENERGY FIRM PESCO : Realizing that the environment protection business in India is becoming attractive for investment, venture capital firm UTI Ventures has invested $8 million in Pesco (Pragmatic Environmental Solutions Co) Beam Environmental Solutions More....
GITANJALI BUYS ROGERS OF US FOR RS 80 CR : The Indian jewellery maker and retailer Gitanjali Gems has announced that it has bought out US-based jewellery chain Rogers for Rs 80 crore. The acquisition will give Gitanjali 46 retail stores, More....
COMAT TECH RAISES $10M FROM AVIGO : E-Governance services firm Comat Technologies has raised about $8-10 million from Avigo Capital in its second round of funding. Earlier this year, the firm had raised around $4 million More....
OLD LANE INVESTS $26 M IN KVK ENERGY AND INFRASTRUCTURE : Old Lane Mauritius III, an investment arm of Old Lane India Opportunities Funds, has invested $26 million in Hyderabad-based KVK Energy and infrastructure. More....
LVMH ARM BAGS MUMBAI DUTY-FREE RETAIL CONTRACT : MUMBAI International Airport (MIAL) has terminated contract for duty-free retail with the ITDCAldeasa combine and awarded it to DFS, a LVMH Moet Hennessy Louis Vuitton group company More....
ONGC VIDESH (OVL), ONGC'S FOREIGN ARM WINS 2 OIL BLOCKS IN BRAZIL : ONGC's foreign arm ONGC Videsh has bagged two exploration blocks in Brazil. The deepwater block 470 in the Espirito Santo basin and shallow water Block 1413 in Santos basin are stated to be highly prospective More....
SUPREME COURT EXEMPTS LAPTOPS FROM ADDITIONAL 7% CUSTOMS DUTY : In a judgement that could cheer the IT companies as well as the end-users, the Supreme Court has held that the government cannot levy additional 7% customs duty on notebook PCs (laptops) as in the case of desktop computers More....
HIGH COURT DECLINES TO VACATE STAY ON PALM OIL IMPORT : Kerala High Court has refused to accept the plea of the state and central government to vacate its stay on the import of palm oil through Kochi port. Justice S Sirijagan has also posted the case for further hearing More....
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