'India's FDI outflow to exceed inflow'
As a confident India Inc has started bidding for more and bigger deals abroad, in 2007-08 overseas investment from India will be around $15 billion - surpassing foreign direct investment (FDI) inflows in the country.
Essar, Iran in talks for Azadegan oilfield
Essar Group is in talks with Iran to develop the giant Azadegan oilfield, where a deal with a Japanese firm ended last year, to ensure fuel for a planned refinery and steel plant in the Islamic nation.
Maersk starts 'Chennai to US' direct shipping
Shipping major Maersk launched its direct shipping service from Chennai to the United States.
US OKs Ranbaxy's anti-insomnia tablets
Ranbaxy Laboratories Ltd said it has received a tentative approval from the US Food and Drug Administration (USFDA) to manufacture and market anti-insomnia Zolpidem Tartrate tablets in the US.
Govt to review FDI regulation: Kamal Nath
The Government said it is looking at having an uniform Foreign Direct Investment (FDI) cap in different business segments within a sector as part of the review to streamline foreign investment regulations.
$ 7.95 bn loan from ADB during 2007-09
Manila-based Asian Development Bank (ADB) has tentatively finalised to provide a loan of 7.95 billion dollars under country strategy programme for 2007-09, Lok Sabha was informed today.
ICICI Bank may sell entire stake in NCDEX
ICICI Bank Ltd may sell its entire 8 per cent stake in the National Commodities and Derivatives Exchange Ltd (NCDEX) to the Atlanta-based Intercontinental Exchange Inc, which owns the New York Board of Trade (NYBoT).
L&T consortium bags Rs 1,400-cr order for VSP expansion
Larsen & Toubro Ltd (L&T) and its consortium partner Paul Wurth Italia have bagged an EPC (Engineer-Procure-Construct) package, valued over Rs 1,400 crore, for the expansion of Vizag Steel Plant of Rashtriya Ispat Nigam Ltd (RINL).
GE Healthcare may raise India headcount
GE Healthcare says it is sharpening the focus on its life sciences business, driven largely by the growth in the domestic biotechnology sector.
Bird Group, Dusit Hotels in tie-up
The Bird Group, under its wholly owned subsidiary Bird Hospitality Services, on Thursday announced a tie-up with the Thailand-based, Dusit Hotels and Resorts to develop six hotels and resorts here.
Punj Lloyd to build bio-ethanol plant in UK
Punj Lloyd subsidiary Simon Carves, a global EPC services provider in energy and infrastructure domains, has been engaged by the Ensus Group to design and construct the world's largest wheat based bio-ethanol production facility.
Merck bid: Ranbaxy makes it to Round 2
Ranbaxy is understood to have emerged as the sole Indian pharma entity to have moved into the next round of bidding for the generic business of Merck, even as compatriot Cipla claimed to be "very much in the race."
Govt puts on hold MUL divestment
Market volatility has prompted the government to postpone the disinvestment of its residual 10.27 per cent stake in Maruti Udyog Ltd (MUL), the country’s largest passenger car maker, to the next financial year.
Reliance close to 20-billion-dollar JV deal with Dow
India's top petrochemicals maker Reliance Industries Ltd is close to signing a deal with US chemical giant Dow Chemical for a joint venture valued at about 20 billion dollars.
