CORPORATE
ANNOUNCEMENTS
Ranbaxy launches Pravastatin in US
Two months after it finally received the go ahead from the US Food and Drug Administration, Ranbaxy has launched the 80 mg generic version of the cholesterol-lowering drug Pravachol (Pravastatin) with a six-month market exclusivity. "Our sales ...
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HLL launches new corporate identity
Changes name to Hindustan Unilever
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DIVIDEND ANNOUNCEMENT
Andhra Petro to pay 10%
Andhra Petrochemicals Ltd has informed BSE that the board of directors of the company at its meeting held on Monday has recommended a dividend of 10 per cent on the equity shares of Rs 10 each (i.e. Re 1) of the company for the ...
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NEW BUSINESS
BHEL consortium bags RINL order
A consortium of power equipments maker Bharat Heavy Electricals Ltd (BHEL) and the Germany-based MAN Turbo have won a Rs 106-crore order from Rashtriya Ispat Nigam Ltd (RINL) for supply and installation of a turbo blower package. ...
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AWARDS & HONOURS
Mfar wins environment award
Bangalore-based Mfar Constructions Pvt Ltd has won this year's Golden Peacock Award for Environment Management. Mfar was conferred the award based on an assessment by an independent international jury dealing with various aspects ...
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MERGERS & ACQUISITIONS
SPS Group buys Indo American Electric
Group also buys 52% of Bharat Biscuits
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Zydus Cadila buys Brazil's Nikkho for $26 m
Foray into branded generics
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Clarification
With reference to the news report under the headline ``Aarti Ind, Aarti Drugs merger on cards'' that appeared in these columns on June 15, Aarti Industries Ltd and Aarti Drugs Ltd clarify that ``there is no such merger proposal under active ...
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NEW PROJECTS
Bombay Burmah laminate unit relocating to Uttarakhand
Bombay Burmah Trading Corporation, belonging to the Wadia Group, is closing down its decorative and industrial laminate manufacturing unit at Akurdi, near Pune and relocating it to Pantnagar in Uttarakhand. Confirming that operations in Pune ...
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Ness Tech opens Pune centre
Ness Technologies, a player in IT services and solutions, today inaugurated its new development centre in Pune. This is the fifth centre for the company, which has presence in Bangalore, Hyderabad, Chennai and Mumbai. Speaking to newspersons, ...
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Micro Labs launches second eye care division
This will be the company's 13th division and will supplement the existing one, Micro Vision. Micro Lumira's Head and President, Mr S. Rajagopalan, told Business Line that the new division would offer high-end ophthalmic products ...
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OVERSEAS INVESTMENTS
CII initiative for cos `going global'
The Indian companies are going global and many of them have achieved multinational status. To facilitate this process, the Confederation of Indian Industry (CII) in partnership with major Indian companies has launched an initiative -India Inc ...
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Gujarat NRE's Australian float fully subscribed
`Indian retail investors participated in a big way'
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ALLIANCES & JOINT VENTURES
Kalyani Steels signs pact with Gerdau of Brazil
Special carbon and alloy steel manufacturer Kalyani Steels Ltd has signed a joint venture agreement with Gerdau S.A., Brazil. As per the agreement, both companies will own 45 per cent equity in SJK Steel Plant Ltd, while other investors will ...
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GV Films, President group may tie up for Rs 75-cr multiplex
GV Films will form a joint venture with the President Group of Hotels, Chennai, to put up a Rs 75-crore hotel-cum-shopping mall-cum-theatre project on the East Coast Road. The project will house a 100-room star hotel. The theatre section will ...
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Focus on raw material security, steel industry told
Jt venture mooted to access raw material assets
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DIVERSIFICATION
XS Real Properties plans hospitality sector foray
Tied up with Govt of Singapore Investment Corporation for township project
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OUTLOOK
Nokia Siemens Network bullish on India
Working on `flat line' solutions for network architecture
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Mitsubishi plans to launch another car by year-end
New Montero as completely built unit
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Federal Mogul bankruptcy ending will find echo in India
Will have to exit one of the cos here
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ONGC sees Rs 1,21,318-cr investment in 11th Plan
Crude oil production up 9% in 2006-07
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