The Hindu Business Line : Saturday, May 15, 2004

OPEN OFFERS
Grasim open offer for L&T's Cemco on June 7
THE stage appears to be set for the birth of the seventh largest cement producer in the world, with Grasim Industries' open offer for 30 per cent stake in UtraTech Cemco, the demerged cement business of Larsen & Toubro, scheduled for a June 7 ... More

AWARDS & HONOURS
Dr Reddy's gets `WorldStar' award for Omez packing
DR Reddy's Laboratories has got the `WorldStar 2003 Award' from the `World Packaging Organization', for the anti-counterfeit packaging design for Omez capsules. Omez (omeprazole) is one of Dr Reddy's leading pharmaceutical brands and is ... More

ALLIANCES & JOINT VENTURES
Cipla, Avesthagen in biotech alliance
WITH the promise of more alliances between allopathic and biotech companies, vestha Gengraine Technologies Ltd will be collaborating with Cipla Ltd on a bio-pharmaceuticals development programme. Dr Villoo Morawala Patel, Chief Executive ... More

Biocon in insulin supply deal with Bristol-Myers
BIOCON Ltd has entered into a nine-year export contract with US major Bristol-Myers Squibb Co to supply the bulk form of its recombinant human insulin. Biocon hopes to launch its own insulin brand, Insugen, during the second quarter of this ... More

OUTLOOK
Charak to extend focus to anti-asthmatic products
ANTI-asthmatic syrups, tablets and herbal-inhalers are some of the innovative products that can be expected from Charak Pharma, as the company looks to extend its expertise to the respiratory, cardiology and dermatology segments. ... More

Orchid Chem plans to sell Cefazolin in US
ORCHID Chemicals & Pharmaceuticals on Friday announced that it had applied for permission in the US to sell Cefazolin, a formulation (finished drug), there. This is the company's first attempt to sell formulations in the US. A company press ... More

PERFORMANCE
Eicher domestic sales up 52% in April
EICHER Motors Ltd (EML) has registered 52 per cent growth in domestic sales of its commercial vehicles in April 2004 compared to April 2003. EML sold 884 vehicles in domestic market as against 580 in April last year. Sales of the light ... More

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FIIs shed ONGC over fears on new policy

Grasim open offer for L&T's Cemco on June 7

Rupee sheds 38 paise to $

Contravention of quality norms — Govt suspends licences of 5 edible oil units

Car sales up 32% in April

Banking reforms may slow down

Looking back
May. 2-May. 8
Dr Reddy's `withdraws' compound patent challenge on GSK

Skoda puts off Superb, Fabia launch — Hands full with a slew of new models

Balrampur Chini puts the cork on IMFL business

Corporates rush to forward cover as rupee plunges

Johnson Matthey to supply pharma catalyst products

Indian pharma cos' shopping spree timely, say analysts