CORPORATE
ANNOUNCEMENTS
Wockhardt Hospitals plans IPO
Wockhardt is looking at going in for an IPO for its hospitals business later this year. This would depend on market dynamics and valuations, Mr Khorakiwala said. Wockhardt Hospitals at present runs clusters of super-speciality hospitals in ...
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PREFERENTIAL ALLOTMENTS
Madhucon board okays pref issue
Madhucon Projects Ltd has informed BSE that the board of directors of the company has approved the proposal for issue on preferential basis 18.5 lakh convertible warrants of Rs 2 each to promoters at a price of Rs 291 per warrant ...
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RIL board to meet on pref warrants
The board of directors of Reliance Industries Ltd will consider a proposal to issue warrants worth Rs 15,000 crore on a preferential basis to promoters of the company. The warrants will be issued at the current market price. This preferential ...
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IPR
Ranbaxy loses Flomax patent case
Ranbaxy Laboratories will appeal against the ruling of the US District Court of New Jersey in favour of Japanese company, Astellas Pharma Inc. on its generic version of Flomax prostate drug. "We will appeal ...
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HUMAN RESOURCES
Bata India suspends 180 staff
Bata India Ltd has fired 23 shop managers and suspended 180 employees in Mumbai because they refused to extend their working hours and keep shops open seven days a week, the company said in a statement on Friday. The company ...
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MERGERS & ACQUISITIONS
Bombay Rayon acquires stake in UK co
Bombay Rayon Fashions Ltd has acquired 70 per cent stake in UK based-DPJ Clothing Ltd for $2.9 million (Rs 13.30 crore). The acquisition of DPJ Clothing Ltd was approved by the board of directors of Bombay Rayon through the ...
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ALLIANCES & JOINT VENTURES
Budweiser beer to be made in India
Anheuser-Busch, Crown Beers tie up
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Jaiprakash Hydro ties up with PowerGrid
Jaiprakash Hydro Power Ltd (JHPL), a subsidiary of the flagship company of the Jaypee Group, Jaiprakash Associated Ltd, has entered into a joint venture with Power Grid Corporation of India Ltd (PGCIL) for setting up the transmission system ...
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INTERVIEW
M&A tax benefits should be extended to entire service sector
In the case of merger/ demerger, there are ambiguities in relation to continuance of tax holidays under Sections 10A/ 80IB and so on, because of the typical language of the provisions. MR AMRISH SHAH, EXECUTIVE DIRECTOR, PRICEWATE RHOUSECOOPERS.
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BUSINESS MODELS
Premji gets a feel of Suguna Poultry's biz model
The Chairman of Wipro Technologies, Mr Azim Premji, today took time off to listen to the business model pursued by the city-based poultry major Suguna Poultry Farm Ltd and to understand the role of information technology in the company's ...
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SICK UNITS
Panel moots pruning of interest rates for Dabhol
Minimising cost overruns
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OUTLOOK
`Hind Copper net to cross Rs 400 crore'
Public sector Hindustan Copper Ltd is expected to post a net profit in excess of Rs 400 crore during the current fiscal and is planning to undertake major expansions soon. The company has found a big copper deposit area of 24 sq. km, out of which ...
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Wockhardt targets $1-b revenue by 2009
Plans to invest Rs 400 crore in capacity expansion
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JCB India plans to roll out two more models
Expects over 25% growth in 2007
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Lancor looks to expand in southern property market
To venture into new business areas; subsidiaries to facilitate expansion
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