CORPORATE
POLLUTION
Common effluent treatment plant unviable: Experts
THE idea mooted by a section of industrial and management experts here to have a common effluent plant in the wake of closure notices issued to 109 industrial units in the State by the State Pollution Control Board is unlikely to be an ideal ...
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ANNOUNCEMENTS
IOC wants to build own gas pipeline
INDIAN Oil Corporation wants to build its own pipeline to transport gas from Petronet LNG's Dahej terminal in Gujarat to Uran in Maharashtra, instead of using the 475-km Dahej-Uran pipeline being built by GAIL (India). "We are in the process ...
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Hyundai unveils Getz at Rs 4.5 lakh
HYUNDAI Motor India Ltd (HMIL) today announced the launch of its premium hatchback model Getz. The Getz comes equipped with a 1.3 litre SOHC petrol engine and is available in two variants. The variants — GL and GLS - have been priced at ...
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Nuts n Agro to sell dry fruits in Western region
NUTS n Agro Products (India) Ltd plans to launch dry fruits under the brand name `Nut King' in the Western region, particularly Mumbai and Navi Mumbai, during Diwali. According to the company, it expects to get 80 per cent of its sales in ...
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Tentative nod for Ranbaxy drug
NEW DELHI: Ranbaxy Laboratories Ltd has received tentative approval from the US Food and Drug Administration (US FDA) to manufacture and market Levofloxacin tablets in 250 mg, 500 mg and 750 mg dosage used for the treatment of infections. ...
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Lupin files new drug application
MUMBAI: The Mumbai-based Lupin Ltd said on Friday that it has filed an Investigational New Drug Application (INDA) with the Drug Controller General, India, for the treatment of Psoriasis, a serious skin-related problem. This potential ...
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Micro Labs gets UK, SA approvals
BANGALORE: Micro Labs has received the UK regulatory approval for one of its Hosur facilities and the South African MCC approval for two units, enabling its entry into the regulated European markets. "The approvals enable the company's ...
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CORPORATE DISPUTES
Birla will case next hearing on Sept 14
MR Justice K.J. Sengupta of Calcutta High Court, hearing the probate matter of late Priyamvada Birla, on Friday took cognisance of an order passed by the Testamentory Department of Calcutta High Court and has fixed the matter for hearing on ...
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OUTSOURCING
German leather chem maker mulls making India as sourcing hub
German leather chemicals maker TFL Leather Technique could use India as a sourcing base for one stream of chemicals, said its Executive Vice-President, Dr Roger Palmberg. "One type of chemistry could specialise here," said Dr Palmberg, who ...
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COMPANY LAW
Concept paper for curbing SEBI powers in inspecting co accounts
THE Securities and Exchange Board of India's (SEBI) powers to inspect the books of accounts of a company may be curbed if the Government accepts the suggestions in a concept paper on the revamp of Company Law. The concept paper has suggested ...
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COURTS/LEGAL ISSUES
ITC gets Rs 803-cr excise relief
THE Supreme Court, which granted Rs 803-crore excise duty relief on Thursday to ITC Ltd, today reiterated its judgment by quashing the orders passed by the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) rejecting the plea of the ...
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HUMAN RESOURCES
`Corporates still hungry for MBA graduates'
MBA programmes have not witnessed the vicissitudes that the IT industry has been subjected to, and in large metros, corporates are still hungry for MBA graduates who meet their competency requirements, according to Mr R. Prasad, Dean, ICFAI ...
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RESTRUCTURING
Vardhman Spinning to demerge textile biz
THE SP Oswal-promoted Vardhman Group has decided to transfer the entire textile business of Vardhman Spinning and General Mills Ltd (VSGML) to its subsidiary Mahavir Spinning Mills Ltd (MSML). The decision to demerge VSGML's textile businesses ...
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MERGERS & ACQUISITIONS
Consultant soon to advise Govt on BSNL-MTNL merger
THE Department of Telecom (DoT) has formed a joint evaluation committee with the Department of Disinvestment (DoD) for selecting a consultant to advise the Government on the proposed merger of state-owned Bharat Sanchar Nigam Ltd and Mahanagar ...
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NEW PROJECTS
Colgate-Palmolive setting up unit at Baddi
COLGATE-PALMOLIVE India Ltd is setting up a new toothpaste manufacturing plant in Baddi, Himachal Pradesh, which is likely to be operational by early next year. ``We expect the Himachal plant to go on stream by beginning of next year. This ...
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Diamond Interest to expand
HYDERABAD: Diamond Interest (India) Pvt Ltd, the Indian subsidiary of the Malaysian pharmaceutical major, Dynapharm (M) Sdn Bhd, has chalked out major expansion plans for India, its Country Manager and Director, Mr Abdul Rahmat Puvarasan, ...
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OUTLOOK
HPCL to take part in NELP next round — To bid for ONGC's marginal fields
HINDUSTAN Petroleum Corporation Ltd will bid in the next NELP round and will also bid for ONGC's offshore marginal fields. Mr M.B. Lal, Chairman and Managing Director, HPCL, told reporters that the oil marketing company would go ahead with its ...
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TVS Motors looking at Rs 100-cr exports
TVS Motor Company expects export turnover of Rs 100 crore in the current fiscal, the Chairman and Managing Director, Mr Venu Srinivasan, told shareholders today. In 2003-04, the company's exports fetched Rs 69 crore. At the AGM, he said that ...
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PEOPLE
Matrix Labs director quits
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