French cement major Lafarge SA, the world's second-largest cement maker, has reportedly emerged the frontrunner in the race to acquire the ready-mix concrete (RMC) business of engineering and construction major Larsen & Toubro (L&T;). Suzlon Energys operations at Sangli and Satara in Maharashtra have reportedly hit a major roadblock. Agitated villagers of Chikhli village in Satara district on Wednesday, 6 May 2008 forced Suzlon-run windmills to shutdown, protesting the manner in which the land acquisition was done. On top of it, angry villagers threatened to uproot the windmills, if Suzlon doesnt resolve the land acquisition issue.
S Kumars, through its subsidiary, has acquired a controlling stake in one of Italys leading fabric manufacturers, Klopman, for an enterprise value of $107 million.
Walchandnagar Industries has reportedly inked a deal with US-based peer Foster Wheeler to get know-how for making high-pressure industrial and utility boilers.
3i Infotech said on Thursday it has acquired 26% stake in Hyderabad-based IT infrastructure services firm Locuz Enterprise Solutions, for an undisclosed sum.
The Insurance Regulatory and Development Authority (IRDA) on Thursday, 8 May 2008 granted a licence to a joint venture company led by Canara Bank to launch life insurance products. Canara Bank holds 51% stake in the insurance joint venture.
The government has reportedly imposed a temporary ban on export of pig iron by public sector companies, Steel Authority of India (SAIL), Rashtriya Ispat Nigam (RINL) and MMTC-controlled Neelachal Ispat Nigam (NINL).
The Tata groups financial services arm, Tata Capital, is reportedly in talks to acquire or become a strategic partner of TVS Finance and Services (TVS-FS), the loss-making non-banking financial company (NBFC) of TVS Motor Company.
Net profit of Hindustan Motors fell 79.4% to Rs 10.95 crore on a 19.5% rise in sales to Rs 185.01 crore in Q4 March 2008 over Q4 March 2007.
Net profit of Voltamp Transformers rose 57.2% to Rs 21.63 crore on a 10.3% rise in sales to Rs 135.14 crore in Q4 March 2008 over Q4 March 2007.
Net profit of Birla Corp fell 14.5% to Rs 86.56 crore on a 10.1% rise in sales to Rs 488.69 crore in Q4 March 2008 over Q4 March 2007.
Net profit of J B Chem & Pharmaceuticals fell 8.1% to Rs 10.05 crore on a 0.9% decline in sales to Rs 141.4 crore in Q4 March 2008 over Q4 March 2007.
Kotak Mahindra Bank, Apollo Tyres, Asian Paints, Bharat Bijlee, Mahindra Forgings, TIL, Novartis India, Triton Corp among others will declare results today.
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