CORPORATE
ACCIDENTS
Panel concern over ONGC's safety mechanism
Independent inquiry into the accident on Mumbai High in July 2005
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ANNOUNCEMENTS
Four Ranbaxy HIV/AIDS drugs in WHO pre-qualification list
Ranbaxy Laboratories Ltd has said that the World Health Organisation (WHO) has included four of its additional anti-retroviral (ARV) products in its pre-qualification list. The products approved by WHO are Efavirenz 600 mg tablets, Efavirenz ...
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L&T bags Uttaranchal power project
Larsen & Toubro has won a Rs 500-crore hydroelectric project from the Government of Uttaranchal. The company will execute the 60-MW Singoli Bhatwari Hydroelectric Power project in the Rudraprayag district on Mandakini river, a tributary of the .
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Unitech bags major Noida land project
Unitech on Tuesday outbid rival DLF Universal to bag the 340-acre city development contract on Noida Expressway with an offer of Rs 1,583 crore. For the project where 50 per cent land would be used for open area development and ...
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RAK Ceramics to start production soon
RAK Ceramics, set up in the vicinity of Peddapuram in East Godavari district at a cost of Rs 255 crore, is likely to start commercial production in June, according to Dr Khater Massaad, Managing Director. At a press meet on the ...
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Sirpur Paper AGM postponed
Sirpur Paper Mills Ltd has informed the stock exchanges that its annual general meeting scheduled for July 20 would now be held on July 28. However, reason for the postponement was not given in the exchange notification. ...
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OPEN OFFERS
UB Group may not hike offer price for Champagne Taittinger
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OVERSEAS BORROWINGS
Marg Const plans FCCBs for port project
Marg Constructions Ltd plans to raise $12.5 million through issue of foreign currency convertible bonds to fund its Karaikal Port project and the Riverside Mall project in Karapakkam on the Old Mahabalipuram Road. Mr G.R.K. Reddy, Managing ...
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AUDITING
Insurance for auditors
The Professional Fees Insurance scheme assures that the auditor's fees are not jeopardised.
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MERGERS & ACQUISITIONS
Dishman to buy Swiss co Solutia's unit
Signs agreement to acquire drug services business for $74.5 m
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Spentex takes management control in Indo Rama Textiles
Garners 84 pc stake, plans merger with itself
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OVERSEAS INVESTMENTS
Harting to open Indian operations in Chennai
Harting Technology Group, the Germany-based electrical and electronic technology company that develops customised solutions and products such as connectors for energy and data transmission applications, announced the opening of its India ...
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ALLIANCES & JOINT VENTURES
Ranbaxy to market Ethypharm drug
Ethypharm India has entered into an out-licensing supply deal with Ranbaxy, for the painkiller Tramadol 50 mg Flashtab to be sold in the Indian market. Ethypharm develops novel delivery systems for medicines. Its Flashtab proprietary technology ...
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Opto Circuits arm in pact
EuroCOR, the wholly owned subsidiary of Opto Circuits (India) Ltd, manufacturer of healthcare equipments, has signed a distribution agreement with a distributor in Brazil to cover the Latin American markets for marketing its ...
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OVL gets Cuban Govt nod for 30 pc interest in 6 blocks
Other partners are Repsol-YPF and Norsk Hydro of Norway
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GAIL-led venture to implement Assam gas project
Jt venture company with OIL, NRL
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INTERVIEW
Unitech not planning equity dilution
`Internal accruals sufficient to meet Noida project needs'
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DIVERSIFICATION
Reliance eyes cane processing
Ethanol from proposed units to meet company's captive requirements
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A different process
Ethanol production essentially involves fermentation of the sucrose (sugar) present in cane. Sugarcane crushed by mills has around 12 per cent sucrose, of which 10 per cent is recovered in sugar production, with the remaining 2 per cent going ...
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OUTLOOK
NTC targets cash profits; confident of wiping out losses
To appoint consultant for modernisation programme
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Poly Medicure to leverage US acquisition for expansion
Add new manufacturing unit in Haridwar
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PEOPLE
Uncertainty prevails over ONGC chief's tenure
Raha might get an interim extension of 3 months
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New V-P for Heritage Foods
Mr N. Lokesh, son of Telugu Desam Party president and former Andhra Pradesh Chief Minister Mr N. Chandrababu Naidu, is set to become Vice-President of Heritage Foods India Ltd. The extraordinary general meeting of the company ...
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