Corporate Organizations and Industry

In the 2005 Brand Equity Survey, Colgate was ranked as the most trusted brand in India.

Hyundai Motor India Limited has consistently held the position of the second-largest car manufacturer in India after Maruti Suzuki.

Transgene Biotek Limited is an Indian biotechnology company primarily focused on drug discovery and manufacturing.

Wipro Technologies entered into a strategic partnership with Harman International in 2008 to provide R&D and engineering services.

In 2008, Bennett, Coleman & Co. Ltd. (BCCL), the publisher of The Times of India, acquired a stake in Manhattan Communications (India) Pvt Ltd. This was a strategic move to expand their digital and media presence.

Delta Electronics, a Taiwanese company specializing in power management solutions, announced plans in 2008 to invest significantly in its Indian operations.

Satyam Computer Services was awarded the Golden Peacock Global Award for Excellence in Corporate Governance in 2008. This was shortly before the company was involved in a major accounting scandal.

Exxaro a South African firm has formed a joint venture with Tata Power.

The SBI General Insurance Company, the 74:26 joint venture between the State Bank of India and the Insurance Australia Group Limited (IAG), will start operations in full swing from August with an initial equity capital of Rs 150 crore, according to the SBI Chairman, O. P. Bhatt. Of the initial capital base, SBI will contribute Rs 111 crore while the foreign partner will contribute Rs 39 crore, in line with the stake holding ratio. IAG will also invest Rs 503 crore as premium to the equity share

Mahindra & Mahindra (M&M) will buy out its French partner Renault's 49 per cent stake in the five-year-old joint venture - Mahindra Renault Pvt Ltd - for an undisclosed amount. The joint venture manufactures the Logan, an entry level sedan at Nashik. In the process, Mahindra Renault will now become a wholly-owned arm of M & M.

The environmental clearance for the Rs.15000 crore Vedanta University project promoted by the Anil Agarwal Foundation has been put on hold by the Central government to re-examine allegations of illegal activities by the promoters. On April 16, the Union Ministry for Environment and Forests had issued an environmental and Coastal Regulation Zone (CRZ) clearance to the University, proposed to be built on 6,000 acres along the Orissa coast between Puri and Konark.

Jagran Prakashan Ltd (JPL), the publisher of the country's most read newspaper, Dainik Jagran, on May 6, 2010, bought the print business of Mid-Day Multimedia Ltd (MML). MML was running its print business through its wholly-owned subsidiary, Mid-Day Infomedia Ltd (MIL), which publishes newspapers such as Mid-Day, Sunday Mid-Day, Gujarati Mid-Day and Inquilab.

MML, however, would retain its radio business and its shares would continue to be listed on the bourses. MML runs seven radio stations in the country. Dainik Jagran has a readership of 54.6 million across 11 states.

In addition to Dainik Jagran, Jagran publishes l-Next, India's first bilingual compact newspaper, and City Plus, a weekly English tabloid.

The film 'Road to Sangam' was released worldwide on January 29, 2010. The film is inspired by the event of discovery of Mahatma Gandhi's ashes in a bank locker some years ago. Directed by Amit Rai and starring the stalwarts like Om Puri, Paresh Rawal, Pavan Malhotra and Swati Chitnis, 'Road To Sangam' is a mix of reality with fiction to bring in the surreal influence of history with contemporary.

ns tax from the payment made to Hutchison for acquiring the latter's  stake in  an  Indian telecom venture. Vodafone had paid $11.2 billion to acquire Hutch's 67%.

Indian pharmaceutical company Sun Pharma is involved in a legal battle for the takeover of Israeli pharmaceutical company Taro. New York-based   investment   banking   firm Guggenheim Securities on May 27, 2010 offered to buy out Sun Pharma's stake in Taro on behalf of its clients. Sun declined to accept the offer. Sun Pharma and Taro have been locked in a cross-country legal battle, ever since Taro unilaterally terminated the agreement between them, a year after it was formalised in May 2007.

Currently, Sun Pharma is the largest shareholder with 36% equity in Taro acquired at a cost of $110 million. A decision on the validity of termination of the merger agreement by Taro is still pending before the Israel Supreme Court.

Taro promoter Barrie Levitt and family hold 12 per cent shares and by the Israeli law, they still command about two-third voting rights on management decisions. Sun has to acquire another 12 per cent shareholding of the promoter family to gain management control of Taro.