Indian Team to Pak to Close IPI
An Indian team will leave for Islamabad on Thursday to negotiate the transit fee that Pakistan will charge for the overland Iran-Pakistan-India natural gas pipeline.
Govt's Wheat Panic
The government has informally told the top corporates in the country's wheat business to refrain from purchasing the grain in major growing regions during the upcoming procurement season.
Australian copper for Sterlite unit
Kagara Zinc has entered into a long-term agreement for supply of 1,00,000 tonnes of copper concentrate from Australia.
Sony Imageworks Invests 50.1% stake in FrameFlow
The US-based Sony Pictures Imageworks has picked up a 50.1 per cent stake in FrameFlow, a Chennai-based company that provides `special effects' services for film production.
Afcons-Aussie Company in Mining Pact
Afcons Construction Ltd is collaborating with an Australian company for deep pit mining in India.
Indian firms IT budget rising at 16.2%
The IT budgets of Indian companies in 2007 is expected to increase by 16.2 per cent whereas the IT spends of global companies will average just about 3.2 per cent, states the Gartner EXP CIO survey 2007.
DHL sees strong growth in South Asia
DHL Express said rising trade within south Asia and Asia-Pacific is boosting growth of express delivery shipments, but a trend toward more local sourcing is a challenge.
Tata & Singapore to Jointly Bid for Airport Contracts
Tata Group and Singapore's Changi Airports have set up a joint venture to bid for contracts to run the fast-growing airports in the east Indian cities of Kolkata and Chennai.
SL scrap metal export rules hit Indian units
Sri Lanka's exports of scrap copper and other metals to India have been hit by wider security moves taken by the island nation as it tries to stop shipments of material that may be used in weapons.
Ranbaxy plans $2bn ADS to buy Merck arm
Ranbaxy Laboratories plans to raise $2 billion via American Depository Shares (ADS) to fund the proposed acquisition of German pharma firm Merck’s generics business.
Pharmacy Outsourcing on the Rise
Eli Lilly, Wyeth and GlaxoSmithKline have all outsourced chemistry work to Indian companies. Bayer is among those that closed down major research facilities in the US last year.