The Telegraph
Since 1st March, 1999
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Corporate Briefs

NPIL plans to expand R&D unit

Nicholas Piramal India Ltd (NPIL) plans to invest Rs 75 crore over the next two years in expanding its research and development (R&D) centre. “We plan to invest Rs 40 crore per annum subsequently to expand the R&D centre in the western suburbs of Mumbai,” director (strategic alliances & communication) Swati Piramal said. The centre would focus on rheumatology and cancer research.

Rabo arm

Rabobank International’s wholly-owned Indian subsidiary, Rabo India Finance, plans to operate a merchant bank and a private equity fund. The financial major, which has an in-principle approval from the RBI to set up retail banking operations, plans to increase its loan advances by nearly 60 per cent to Rs 2,500 in another five years.

TGIF grows

US restaurant chain Thank God Its Friday will open eight new outlets in India with over Rs 40 crore investment over the next three years even as it has had to slash prices across the board by 20 per cent to bring in more footfalls and maintain sales.

HCL Beanstalk

HCL Infosystems launched HCL Beanstalk Media Centre PC with a sticker price of Rs 60,990, which includes one-year warranty.

Wings Infonet

Wings Infonet Ltd has released version 16 of Wings Accounting, an accounting software, to integrate accounts of multiple locations into a single system.

Nerolac paints

Goodlass Nerolac Ltd, paints manufacturers, has signed Amitabh Bachchan as the brand ambassador, thus setting a trend in the paint industry.

Maxima watch

Maxima, a watch company, has launched double battery watches in Calcutta.

Tata Power

Tata Power has started a merchant power plant construction with an installed capacity of 120 MW at Jojobera in Jharkhand.

Barista award

Barista Coffee Co Ltd has been awarded superbrand status by the Indian arm of Super Brands Ltd.

Provimi buy

Provimi B.V., the Netherlands-based animal nutrition company, has acquired the animal healthcare business of Unichem Laboratories Ltd. Rabo India was the sole strategic and financial adviser to Provimi.

KPIT Cummins

KPIT Cummins Infosystems Ltd has acquired Panex Consulting, a Houston-based SAP consulting firm, for $1.7 million. It has proposed to buy 100 per cent of Panex stocks through a mix of cash and stock options, payable over three years.

Oakley launch

Oakley has launched five models of eyewear in India — Plate, Pocket, Spike, Yardstick and Big Square Wire.

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