CORPORATE
ANNOUNCEMENTS
NTPC board approves nuclear foray
National Thermal Power Corporation Ltd's board of Directors has approved a proposal to enable the company enter the nuclear power generation business. The board has given its clearance to the amendment of the object clause of the Memorandum of ...
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COURTS/LEGAL ISSUES
Glivec raises concerns on post-marketing study
Novartis' programme of assisting cancer patients with free medicines
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Patent law should have guidelines to follow: Novartis
There were various judgments of the apex court ruling that the laws should incorporate sufficient guidelines.
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MERGERS & ACQUISITIONS
Four submit bids for Punjab Tractors
Four players submitted bids on Monday for about 43 per cent stake in Punjab Tractors Ltd. According to sources, the bidders include Ashok Leyland, Mahindra & Mahindra, Tata Group (in tie-up with Fiat) and TAFE. However, sources added that it ...
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Fidelity ups stake in House of Pearl
Textile firm House of Pearl Fashions India Ltd has said that FMR Corporation, Fidelity International, along with their direct and indirect subsidiaries bought 1.84 per cent stake in the company. After this purchase, the holding of FMR ...
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NEW PROJECTS
Reliance ADG arm setting up 150 MW wind energy project
Reliance Wind Energy, an arm of Reliance Anil Dhirubhai Ambani Group's energy business, is setting up a 150 MW wind power project at Sangli in Maharashtra. The company has placed a Rs 900-crore order with Suzlon Energy, the leading wind power ...
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REGULATORY BODIES & RULINGS
Strides AIDS drug gets USFDA nod
Strides Arcolab said it has got its first, but tentative USFDA approval for an NDA (new drug application) for a combination anti-AIDS drug. The US regulator has approved Lamivudine/Zidovudine 150 mg/300 mg tablets co-packaged with Nevirapine ...
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ALLIANCES & JOINT VENTURES
Granules India in outsourcing pact with Aussie co
Pharmaceuticals formulation intermediaries company, Granules India Ltd, has announced it has entered into an outsourcing agreement with Matchland Pty Ltd, (trading as New Products Development), Australia. Under the agreement, New Products ...
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EVENTS
Gulf Oil safety celebrations
Gulf Oil Corporation Ltd (GOCL), a Hinduja Group Company, on Monday announced a month long safety celebrations at their Hyderabad Works. The company claimed it has the unique distinction of having a 100 per cent accident free ...
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OUTLOOK
PMT hopeful of fresh reserves in Mukta field
No positive results in Tapti field
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Underwriters Laboratories plans expansion
The Underwriters Laboratories, a third-party safety certification organisation, has initiated talks with large retailers to set up product safety standards. The facility will focus on safety standards of electronic and electrical appliances sold ...
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