CORPORATE
RESEARCH & DEVELOPMENT
P&G, CSIR tie up to create breakthrough innovations
PROCTER & Gamble, US, has entered into a tie-up with the Council for Scientific and Industrial Research (CSIR), to support acceleration of its `Connect and Develop' (C+D) strategy launched in India in September 2003. An letter of intent was ..
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ANNOUNCEMENTS
Glenmark's Ankleshwar unit gets FDA nod
GLENMARK Pharmaceuticals said on Tuesday that it has received the approval of the US Food and Drug Administration (USFDA) for its Ankhleshwar plant that manufactures active pharmaceutical ingredients (APIs). The Ankleshwar facility was ...
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Ocimum licenses gene tool to 2 Canadian cos
OCIMUM Biosolutions, a bio-informatics company has licensed its latest tool to two Canadian clients-Bioniche Therapeutics Research Centre and the University of Ottawa. Called Genowiz, the tool will rapidly analyse gene expression, store and ...
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Philips arm gets projector deal
THE multimedia projector division of Philips India Ltd has won orders that could run up to Rs 300 crore for multimedia projectors from Sebsons Digital Film (P) Ltd. In the first phase, 150 theatres in Kerala will be covered with projectors worth ...
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Torrent launches painkiller
TORRENT Pharmaceuticals Ltd has launched Etoricoxib, the new generation anti-arthritic drug under the brand name Torcoxia. Etoricoxib is the latest in a new class of painkillers called Cox-2 inhibitors that have a higher safety profile such ...
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Gujarat Oleo Chem bags Rs 25-cr biodiesel order from IOC
IN what could be a path-breaking private sector initiative in promoting biofuels, Gujarat Oleo Chem Ltd (GOCL), which has bagged an order for supply of biodiesel worth Rs 25 crore to Indian Oil Corporation (IOC), delivered its first consignment ...
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OPEN OFFERS
Colour Chem open offer case comes up in SC
THE long-pending hearing on the Colour Chem case pertaining to an open offer for 20 per cent to minority shareholders by the company's overseas parent under the take-over Rules came up for hearing in the Supreme Court today and will continue ...
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MERGERS & ACQUISITIONS
M&A scene in India — a tepid H1 2004
IN THE first half of 2004, corporate finance deals in India continued the flat trend seen since mid-2002. INDATA — a database on the Indian mergers and acquisitions market developed by India Advisory ...
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Nod for fresh share transfers — Gillette explains stake buys to Govt
GILLETTE said on Tuesday that it has written to the Government explaining the transactions that led to Gillette Group India Pvt Ltd (GGIPL) acquiring stakes from several other group companies in the past without prior approval. The Government ...
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NEW PROJECTS
Asahi India plans expansion, to invest Rs 600 cr
ASAHI India Glass on Tuesday said it is planning to invest about Rs 600 crore to Rs 700 crore over the next few years towards capacity expansion and setting up new plants. The company's new facilities would include two new processing plants ...
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Dr Lal PathLabs scouts for partner to fund expansion
THE New Delhi-based Dr Lal PathLabs Pvt Ltd is looking to get on board a private investor to support its countrywide expansion plans. This comes even as the over 50-year-old diagnostic labs chain sets about establishing what is touted to be ...
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Optimism on Volkswagen setting up unit in Vizag
THERE is a great future ahead of Visakhapatnam on the industrial front as many major companies, such as Volkswagen, are expressing willingness to set up units here, the State Heavy Industries Minister, Mr B. Satyanarayana, has said. He was ...
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NIS Sparta plans China foray
NIS Sparta Ltd, the New Delhi-based performance enhancement solutions company that was recently acquired by Reliance Industries, is exploring opportunities in the Chinese market. Towards this it has forged a strategic alliance with its former ...
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ALLIANCES & JOINT VENTURES
Siemens in pact with Italy's Aethra — To offer conferencing solutions
SIEMENS announced a strategic alliance with Aethra Telecomunicazioni, Italy to offer a range of video and audio conferencing solutions in India. "The alliance will offer comprehensive video conferencing solutions to every consumer segment from ...
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Yash Birla Group to launch educational books
YASH Birla Group has tied up with Gareth Steven Publishing of the USto launch Shloka Publications, a publishing house with a portfolio of educational reference books and materials for children. The new range, known as the Shloka Educational ...
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SICK UNITS
Technical panel to study IDPL revival
IN a bid to inject new life into the ailing Indian Drugs and Pharmaceuticals Ltd, the Ministry of Chemicals and Fertilisers has decided to set up a technical committee to study the prospects of revival of the company. This was decided after a ...
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Non-compliance of order — BIFR issues notice in Cimmco Birla case
IN the Cimmco Birla Ltd case, the Board for Industrial and Financial Reconstruction (BIFR) has directed the sub-divisional officer (SDO), Bharatpur to show cause as to why action should not be taken against him and other responsible officers for ...
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OUTLOOK
Sun Pharma eyes tie-ups in Europe
DRUG major Sun Pharmaceuticals Industries Ltd is looking to ink partnerships in the European market to fuel its next level of growth in the international arena. The company, however, has dropped its plans to raise funds of about $350 million ...
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Man Industries expects 15 pc topline growth
MAN Industries (India) Ltd, manufacturer of SAW Pipes and coating systems for high pressure oil and gas applications, expected to turn in a 10-15 per cent increase in topline during the current fiscal primarily because of orders it has bagged ...
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Toyota Kirloskar Auto may notch Rs 400-cr sales in first year
TOYOTA Kirloskar Auto Parts (TKAP) is expected to notch up revenues of Rs 350 crore to Rs 400 crore in its first year of operations making it one among the top three auto components exporters in the country. A top official of the company told ...
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Asian Paints aims to boost global biz
ASIAN Paints (India) Ltd, which has an established presence in the decorative segment of the domestic paints market, is looking at a similar growth for its overseas business on the back of the growing demand for paints in some of the developing ...
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Samtel to focus on premium TV
IN keeping with changing market trends in the colour televisions category, Samtel Color Ltd, one of the largest integrated manufacturers of colour picture tubes for TV sets, has decided to reduce its dependence on lower-end tubes and is ramping ...
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PERFORMANCE
Corporates sustain Q1 growth momentum
THE capricious monsoon may be causing some concern but corporate profits continue to grow at a robust rate. Despite miniscule growth in "other income" and a higher tax outgo, corporate profits in the quarter ended June 2004 grew at a higher ...
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