Page-22 of Companies

Government taking measures to breathe life into loss making CPSEs

July 11, 2012

The government is taking several measures to revive loss making Central Public Sector Enterprises (CPSEs). The Department of Heavy Industries, DHI has 17 CPSEs now, which are running in loss. Government is appointing renowned consultants through competitive bidding for formulation ..

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L&T acquires Henikwon Corporation

July 10, 2012

Engineering giant Larsen & Toubro (L&T) acquired Malaysia-based electrical equipment manufacturer Henikwon Corporation. The acquisition was made by L&T’s wholly-owned subsidiary Tamco Switchgear, a part of the engineering major’s electrical and automation (E&A) business. Henikwon Corporation manufactures low and medium ..

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Bollgard II Roundup Ready Flex – Monsanto’s next-gen cotton technology

July 8, 2012

Monsanto: St Louis, US-based seed technology company. World’s leading producer of the herbicide glyphosate, marketed in the Roundup brand, and in other brands.  2nd largest producer of Genetically Engineered (GE) seed; it provides the technology in 49% of the genetically ..

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Disposal of Bhopal toxic waste approved

July 6, 2012

The government sanctioned removal of about 350 metric tonnes of Union Carbide toxic waste in Bhopal. The sanction was given subsequent to commendations from a Group of Ministers (GoM) on the Bhopal Gas tragedy chaired by Home Minister P C ..

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US court blocks Apple in Google battle

July 2, 2012

As per the ruling from Chicago federal court, US: Apple Inc. cannot pursue an injunction against Google’s Motorola Mobility unit. – The court dismissed the lawsuit b/w Apple and Motorola Mobility with prejudice, implying that it can’t be re-filed. Apple ..

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Nomura slashes India GDP growth projection to 5.8%

July 2, 2012

Nomura has lowered the country’s growth estimate for this fiscal to 5.8%, from 6.7% earlier. Nomura has also hacked its India GDP prediction for 2013-14 to 6.6% from the earlier 6.9%. The government is targeting at GDP growth rate of ..

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Moody’s cut credit outlook of 28 Spanish banks

June 27, 2012

Global ratings agency Moody’s downgraded the credit ratings of 28 Spainish banks a week after Spain asked for money to aid them. As per the Moody’s Spain’s declined creditworthiness means a fragile credit profile for Spanish banks. Among those who ..

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Odisha govt will transfer 2,000 acres land to POSCO

June 25, 2012

The government of Odisha will soon transfer about 2,000 acres of land to South Korean steel giant Posco to start operations on its 12 billion dollar project near Paradip in Orissa. 500 acres out of the 2,000 acres, acquired by ..

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