CORPORATE
ANNOUNCEMENTS
`IOC losing Rs 2,500 cr every month'
Re rise, refining margins soften under-realisation impact
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DIVIDEND ANNOUNCEMENT
50% rise in L&T fourth quarter net profit
Engineering & Construction division drives growth
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HPCL Q4 net drops 73% at Rs 549.5 crore
Hindustan Petroleum Corporation Ltd reported a 73 per cent decline in net profit for the fourth quarter ended March 2007. Net profit stood at Rs 549.5 crore, down from Rs 2,013 crore posted during the corresponding quarter of the previous ...
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Nagarjuna Construction Q4 net rises 40%
Nagarjuna Construction Company Ltd (NCC), has posted a turnover of Rs 894.84 crore (Rs 641 crore) for the quarter ended March 31, 2007, registering a jump of about 38 per cent. The net profit for Q4 stood at Rs 49.93 crore (Rs 34.95 crore), a ...
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OUTSOURCING
BMW to source components from India
The company plans to introduce its X3 and X5 models in the Indian market this year.
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COURTS/LEGAL ISSUES
Ranbaxy allowed to launch generic Lipitor
Ranbaxy Laboratories has said that the Norwegian Appeals Court has ruled in its favour in its case against Pfizer over the cholesterol drug, atorvastatin. In a statement, the company said that the Oslo City Court had also previously found that ...
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MERGERS & ACQUISITIONS
Scotland still lukewarm to Mallya
He tries to make his competitors underestimate him," says one of the officials of a leading Scotch whisky company in Scotland. There is a mix of admiration as well as a bit of fear among officials of several Scotch whisky companies about Mr ...
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OVERSEAS INVESTMENTS
Strides enters fermentation biz; buys Italian company's unit
Strides Arcolab Ltd has announced its foray into the fermentation business through an Italian acquisition. It said it had agreed with the shareholders of Disapa S.p.A to acquire their USFDA-approved fermentation facility near Milan. It did not ...
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DS Constructions set to buy Globeleq unit
DS Constructions Ltd, in a 50:50 per cent partnership with Israel Corporation, has won the rights to acquire a unit of Globeleq International for $568 million. The unit, called Globeleq Americas, is located in Bermuda and holds eight operating ...
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REGULATORY BODIES & RULINGS
Aurobindo drug gets US FDA nod
Aurobindo Pharma Ltd has announced that the company has got the US Food and Drug Administration (US FDA) approval for Cefprozil tablets USP 250 mg & 500 mg. Cefprozil is a second generation cephalosporin antibiotic. It is the ..
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ALLIANCES & JOINT VENTURES
Tata Steel signs MoU with Vietnam company
65:35 joint venture for setting up greenfield plant
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Elder Pharma ties up with Cymbiotics
For strengthening presence in pain management, diabetes
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`Scope for more joint ventures with Australia'
There is good scope for joint ventures between India and Australia in various fields, according to Mr Aminur Rahman, Australian Trade Commissioner and Consul General. Interacting with the members of Kanara Chamber of Commerce and Industry ...
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SICK UNITS
Hind Shipyard revamp for GoM
Move driven by Navy's strategic interests in the region
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OUTLOOK
Eli Lilly working on diabetes injectible drug
Eli Lilly is in the process of submitting documents to the Drug-Controller General of India on Byetta, an injectible medicine for people with type II diabetes. Stating that the company was filing the documents with the regulatory agency, Mr ...
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