The Hindu Business Line : Sunday, January 16, 2005

Aurobindo Pharma gets nod for Metformin; Q3 net down at Rs 10.6 cr
AUROBINDO Pharma Ltd, the Hyderabad-based pharmaceutical company, has announced that the United States Food and Drug Administration (USFDA) has granted approval for its abbreviated new drug application for Metformin, indicated for the treatment ... More

Tata Motors bags KSTC order for 1,070 bus chassis
TATA Motors has bagged an order for 1,070 bus chassis from various State transport corporations in Karnataka, an official statement said on Friday. The order worth Rs 55 crore is to be executed between January and March. "This is the single ... More

Symrise plans to expand capacity
SYMRISE Private Ltd, the Indian arm of the global manufacturer of flavours and fragrances, plans to expand its existing capacity to supply markets in West Asia and South Africa. Mr C. Venkat, Chief Executive Officer, Symrise, said that another ... More

ONGC may lose $340 m for buying stake in Cairn fields
OIL and Natural Gas Corporation (ONGC) said on Saturday that it could lose $340 million (Rs 1,400 crore) as royalty and production cess payouts over the next 15 years for acquiring 30 per cent stake in Cairn Energy's Mangla and Aishwariya oil ... More

CORPORATE DISPUTES

Co Affairs Ministry seeks info on Reliance Group
THE Ministry of Company Affairs (MCA) is understood to have sought information from its western region office on various Reliance Group companies. The Ministry's move has come in the wake of recent media reports pertaining to the bitter battle ... More

FIXED DEPOSITS

FD OPTIONS
Options for a year
Jubilant Organosys: Investors can consider the fixed deposit programme of Jubilant Organosys for a one-year lock-in period. The minimum deposit is Rs 10,000 and both cumulative and non-cumulative options are available. The company ... More

MERGERS & ACQUISITIONS

ONGC Videsh to negotiate with Rosneft on acquiring Yukos assets
THE Petroleum Minister, Mr Mani Shankar Aiyar, today said that ONGC Videsh Ltd (OVL) would negotiate with Russian firm Rosneft the terms and conditions for buying out assets of Russia's embattled oil giant Yukos. The Empowered Group of ... More

NEW PROJECTS

Ind-Swift begins production in FDA compliant unit
IND-Swift Laboratories Ltd has commenced commercial production in its new FDA compliant manufacturing facility in Derabassi, Punjab, in order to tap the regulated markets. This is in addition to the existing approvable macrolides facility, ... More

ALLIANCES & JOINT VENTURES

Farida group plans tie-up with Chinese co for shoe sole moulds
THE Chennai-based Farida group is planning a joint venture with a Chinese company to set up a unit to manufacture moulds for shoe soles. The Farida group has interests in tanneries, whole shoe and shoe component manufacturing, and is a leading ... More

Whyte & Mackay open to expanding ties with SWC
THE UK-based Whyte & Mackay said it was open to expanding its current brand distribution ties with Shaw Wallace Distilleries Ltd, the liquor arm of the Jumbo Group-managed Shaw Wallace & Co (SWC). Whyte & Mackay, the world's fourth large More

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