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| Allergan will pay fine, plead guilty to misdemeanour Allergan, maker of the wrinkle smoother Botox, agreed to pay $600 million and plead guilty to a single misdemeanour charge in settling a US investigation of its marketing practices. |
| Tension grips Vedanta's alumina refinery complex Tension gripped the alumina refinery complex of Vedanta Aluminium Limited (VAL) at Lanjigarh in south Orissa's Kalahandi district when 100-odd miscreants, perceived to be a mix of contractual workers and outsiders, attacked the company's office, damaging assets worth Rs one crore. |
| Emirates Seeks Over $28 bn for expansion of fleet Financing requirements for the 12 months through March 2011 will be $1.3 billion, and total about $27 billion for the following six years, Gary Chapman, Emirates president of group services in charge of finances, said in an interview in Dubai. |
| Shipping ministry sanctions funds to port for land The Union Shipping Ministry has sanctioned Rs 100 crore to the Chennai Port Trust to procure around 125 acres from the Tamil Nadu government on a long term lease to set up a dry port and multi-modal logistics hub near Sriperumbudur Special Economic Zone. |
| Tata Chemicals to set up second water purifier unit Tata Chemicals on Wednesday said that it intended to set up a second unit for manufacturing its water purifiers, sold under the Tata Swach brand that was launched late last year, with a likely investment of ' 50 crore. |
| More shakeout coming in auto market: Ratan Tata India's largest vehicle manufacturer, Tata Motors, today held its 65th annual general meeting, where its chairman hinted at further consolidation, followed by more pressures in the challenging automotive market. |
| Essar closes acquisition of AGC, board reconstituted Essar Group today completed the acquisition of AGC Networks, including closure of the open offer representing 20 per cent of AGC Networks outstanding shares. The total deal size was $61.4 million (Rs 288 crore), taking Essars stake in the company to 79.13 per cent. The company will continue to work independently. |
| Nalco open to equity dilution in $3.9-bn Indonesian project State-owned Nalco today said it was considering selling stake in its $3.9-billion (over Rs 18,000 crore) aluminium project in Indonesia in lieu of acquiring equity in coal mines in the island country. |
| Cairn's Mangala oil find saved us $1 bn last year One year into its production, Cairn Indias Mangala field, Indias largest onshore one, is estimated to have saved nearly a billion dollars (Rs 5,000 crore) in foreign exchange. |
| ABD ups ante in spirits market Playing the scale game in the Indian Made Foreign Liquor (IMFL) market can be tricky, with rivals such as United Spirits (USL) to contend with. But Allied Blenders & Distillers (ABD), the number three player by volume, has identified a different route to do so. |
| RBNL plans to raise Rs 400 cr Reliance Broadcast Network Ltd (RBNL), an Anil Dhirubhai Ambani group company, plans to raise Rs 400 crore through a preferential issue. The board of directors approved a proposal for capital infusion by the issue of equity shares to the promoter group and other investors. |
| Bharti's vendors expand presence in Africa Mumbai-based Microqual Techno, which manufactures radio frequency transmission lines and antennas, telecom tower accessories, electrical and mechanical site materials, plans to raise money through an initial share sale or by roping in strategic investors. |
| Q: Paritosh Joshi, COO, Star CJ Alive South Koreas CJ O Shopping and STAR network have come together as STAR CJ Alive with Indias first round the clock home shopping channel. The channels chief operating officer Paritosh Joshi spoke to Pravda Godbole about the plans in store for this venture. |
| Festive focus, not Games gadding, for TV makers Big sports events like the Indian Premier League (IPL) or world cups always see a surge in TV sales, but this does not seem to be happening with the Commonwealth Games. |
| US power company to invest in Bihar The AES Corporation has submitted a proposal to State Industrial Promotion Board (SIPB) for setting up the thermal power plant at Jagdishpur in Bhagalpur district, Principal Energy Secretary Ravikant said here. |
| Cinemax to add 40 screens every year Mumbai-based Cinemax India Limited (Cinemax), a Kanakia Group company, aims to add 45 screens every year as part of its expansion plans. The company, which is focused on family entertainment including theatre exhibition, gaming and food court business with limited interests in mall development, plans to add 40 more screens this fiscal to its exisiting 97 screens across India. |
| Videocon to invest Rs 500 cr in telecom infrastructure Videocon Telecommunications Ltd (VTL) plans to invest Rs 450-500 crore in telecom infrastructure creation in Tamil Nadu over the next 16 months till end-2011.??According to Aravind Santhanam, chief operating officer (Tamil Nadu circle), VTL, the company has so far invested around Rs 500 crore and will invest another Rs 450-500 crore to increase its tower strength to 5,000 from the current 3,250.??\"We are also looking at using infrastructure of other companies to increase penetration,\" |
| Adani Power cannot terminate PPA with GUVNL: GERC In a major relief to the state-run electricity company, Gujarat Urja Vikas Nigam Ltd (GUVNL), Gujarat Electricity Regulatory Commission (GERC) has ruled that Adani Power cannot terminate power purchase agreement (PPA) inked with GUVNL on the basis of non-execution of fuel supply. |
| Kanika Datta: Second-hand self-esteem The flutter of interest and comment over Anshu Jains candidacy for the top job at Deutsche Bank highlighted just how much India Inc loves to applaud every time any businessman or executive of Indian origin makes it to the top in the developed world. |
| Maran takeover speeds decisions at SpiceJet Decision-making in SpiceJet after it was bought by Sun TV promoter Kalanithi Maran has become faster, say senior staff. |
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