Continuing with its move to position itself as a beverage marketing company, Tata Tea is set to divest 80 per cent in its North Indian Plantation Operations, which is being spun off to a handful of investors and workers.
Corus Group chairman Jim Leng will receive an addition payment of pound 750,000 (Rs 6.41 crore) for turning around the Anglo-Dutch steel maker in the past two years.
India produced 97 million tonnes of dairy products in the year to March 2006 and Danone seeks an increased market share, especially in the speciality product portfolio.
Prashant Indulkar, 37, was secretary to VSNL's Managing Director N Srinath and was picked up by the Dadar police on February 1 after VSNL filed a complaint alleging that he had siphoned off funds.
The demand comes close on the heels of Community, which represents more than 80 per cent of the company's UK employees, seeking talks with the Tata group
Avesthagen's promoters also refute violation of non-compete clause.
Tata Steel's global footprint is spreading at a furious pace.
Board has right to reject takeover panel's choice.
Tata Steel's greenfield projects -- in Orissa, Chhattisgarh and Jharkhand -- were significant for Corus, which incurred high cost on raw materials, said sources close to Tata Steel.
The shadow of the European Commission's anti-trust proceedings is hanging over Companhia Siderurgica Nacional's bid for Anglo-Dutch steelmaker Corus.
Final bid expected to be placed in a fortnight.
Sandipan Chakravortty, managing director, said the facility would have a capacity of half a million tonne, with construction to be completed within nine months of land being handed over to the company.
Tata Steel has set up a "Tata Steel Pariwar," under which every displaced family becomes a part of the "Pariwar."
The battle for Corus is expected to take a decisive shift this week, with the pension trustees of the Anglo-Dutch steel company expected to meet the representatives of Brazil's CSN to understand its commitment to the workers' pension.
Tata Steel is bracing to deliver what investment bankers say will be a knockout punch to its competitor, Brazil's Companhia Siderurgica Nacional
Steel Authority of India Ltd, the country's largest steel company, plans to float an overseas subsidiary to pursue its foreign expansion.
