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CORPORATE
ANNOUNCEMENTS
Evolvence India to invest $10 m in Bangalore co
The contract research scene in the pharma space continues to lure private equity investment and the latest entrant is Evolvence India Life Sciences Fund (EILSF). The fund will invest $10 million in a Bangalore-based contract research ...
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Sahara India to offer services to NRIs
Eyeing revenue of $160 million in three years, Sahara India Pariwar announced its foray into the global services market with various offerings for non-resident Indians. ``There would be four major verticals — health, utility services, ...
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SP Engg to produce transmission towers
Bhubaneswar-based S.P. Engineering and Structurals Pvt Ltd will begin production of transmission towers at its factory in the Khurda Road industrial estate from April and the product will be sold initially in Andhra Pradesh and Orissa, and later ...
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Ranbaxy Romania gets nod
Ranbaxy Laboratories' Romanian subsidiary Terapia has received manufacturing and import authorisation from Romanian Regulatory Agency, and now has permission to batch test and release products manufactured outside European Union. ...
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Aurobindo to sell ARVs in Botswana
In a single stroke, the Hyderabad-based Aurobindo Pharma Ltd has obtained registrations for nine of its anti-retrovirals (ARVs) from Botswana. The company announced that the DRU (drugs regulatory unit) of Botswana has registered Lamivudine and ...
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PREFERENTIAL ALLOTMENTS
Max India to raise Rs 1,000 cr via QIP
Healthcare arm to raise Rs 400 cr separately thru pref allotment
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COURTS/LEGAL ISSUES
Novartis' charges against Indian patent law refuted
`Nothing in the provisions of the Act is arbitrary'
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MERGERS & ACQUISITIONS
India Cements board to consider Visaka merger
India Cements plans to merge Visaka Cement Industries Ltd, an associate company, with itself. According to information provided by the company to the stock exchange, the board of India Cements will consider the merger at a meeting on February ...
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NEW PROJECTS
Kalyani Lemmerz plans new plant
Kalyani Lemmerz Ltd is setting up a greenfield project to manufacture steel wheels for passenger cars and is also enhancing capacity at the existing facility at Chakan to manufacture steel wheels for commercial vehicles. The new plant that ...
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eSys Tech plans Rs 250-cr PC plant in Himachal
To set up yet another PC manufacturing facility in South India
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OVERSEAS INVESTMENTS
Essar to set up steel plant in the Caribbean
As part of its overseas expansion plans, the Essar Group plans to set up a steel plant in the Caribbean. The Group is setting up a 2.5-million tonne plant in Trinidad and Tobago, according to sources. "The total investment will be $1.76 billion ...
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Kinetic Motor has pacts with Egypt, Sudan cos
In an effort to expand its reach, Kinetic Motor has signed contracts with companies in Egypt and Sudan worth approximately Rs 28-30 crore for the sale of 6,000-7,000 scooters by the end of this calendar year, according to Mr Ajinkya Firodia, ...
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REGULATORY BODIES & RULINGS
ONGC contests decision on KG gas discovery
Writes to Oil Ministry, DGH that discovery cannot be disregarded
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SICK UNITS
Govt proposes deferred payment of Keltron dues
6% simple interest offered on Rs 50 crore
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OUTLOOK
M&M plans multi-fuel options for its UV range by 2010
Mahindra & Mahindra has plans to offer multiple fuel options for its range of utility vehicles by 2010. By that year, we shall have our vehicles compatible with LPG, CNG and hybrids, said Dr Arun Jaura, Senior Vice-President R&D, Automotive .
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Artemis to set up medical institutes
Artemis Health Sciences is set to enter the medical education domain with plans to establish one or more medical universities. "The campus will consist of a medical college, nursing and paramedic college, medical administration school all in ...
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