CORPORATE
RESEARCH & DEVELOPMENT
VLife completes pre-clinical trials for diabetic wound drug
Mumbai, Nov. 1 VLife Sciences, a technology-enabled drug discovery company based in Pune, has said that it has successfully completed the pre-clinical trials of ‘Galnobax’, for diabetic wounds. This small molecule ...
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HUSCO International opens facility in Pune
Pune, Nov 1 HUSCO International, manufacturers of hydraulic and electro hydraulic controls for construction, industrial and agricultural equipment, today inaugurated its first research and development and manufacturing facility in Pune. The ...
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NEW BUSINESS
L&T bags Mumbai airport contract
Rs 5,550-cr order to build new integrated passenger terminal at international airport
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ESOPS
Aurobindo nod for ESOP options
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TAXATION
Vizag Steel objects to bid to recover sales tax from bank accounts
Visakhapatnam, Nov. 1 The Visakhapatnam Steel Plant, in a press release issued here on Thursday, took exception to the move made by the Andhra Pradesh Commercial Taxes Department officials to recover “sales tax dues” from the bank ...
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IPR
Suven Life gets patents
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CORPORATE BONDS
Govt weighing options as crude oil prices near $100
More bonds for oil marketing companies, duty adjustments being contemplated
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MERGERS & ACQUISITIONS
Exide acquires lead smelting co
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BM Khaitan group cos plan acquisitions
Eveready eyeing regional packet tea brands
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Jai Balaji Ind buys Nilachal Iron for Rs 72 cr
Group enters pact with West Bengal for three projects
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Environ Energy buys solar biz of Shell Overseas in India, Lanka
Kolkata, Nov. 1 The City-based Environ Energy-Tech Service Ltd, a solar solutions providing engineering company, has acquired the multi-billion dollar Renewables (Solar) business of Shell Overseas Investments BV in India and Sri Lanka for an ...
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NEW PROJECTS
Pochiraju to launch speciality unit
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REGULATORY BODIES & RULINGS
Cipla gets Govt notice for over-charging
Mumbai, Nov. 1 Mumbai-based drug company Cipla Ltd has said that it has received another notice from the Government demanding Rs 49.47 crore, inclusive of interest, for alleged overcharging by the company during the period April 2006 to March ...
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Ranbaxy gets tentative USFDA nod for generic Diovan
New Delhi, Nov. 1 Ranbaxy Laboratories said it has received tentative approval from the US Food and Drug Administration to make and sell the hypertension tablets, Valsartan. The company is optimistic of its first-to-file application status, ...
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TRADE & LABOUR UNIONS
Bajaj firm on shutting vehicle production at Akurdi plant
The Bajaj Auto Managing Director, Mr Rajiv Bajaj, has reiterated that vehicle production at its Akurdi plant could not be resumed, asserting that though the workers were not responsible for the stoppage, they could not offset the Rs 100-crore ...
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ALLIANCES & JOINT VENTURES
Oil India, HPCL may jointly bid for exploration licensing
Opportunities in upstream, downstream activities
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US co Generex in pact with Shreya Life for insulin spray
The US-based Generex Biotechnology Corporation has entered into a product licensing and distribution agreement with Shreya Life Sciences Pvt Ltd to market Generex Oral-lyn oral insulin spray product. According to the company, this is the first ...
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EVENTS
Time to improve skill sets of the young, says Kamath
Bangalore, Nov 1 Indian companies have made rapid strides to achieve cost efficiency along with improving quality, but inadequate skill sets to match the future growth aspirations was an area that needs special attention. Delivering his ...
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DIVERSIFICATION
New forays to help Tube Investments
E-bikes fitness chain on cards
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OUTLOOK
Gremach acquiring 40 drilling rigs from Chinese co
Mumbai, Nov.1 Gremach Infrastructure Equipment & Projects Ltd will acquire 40 oil and gas drilling rigs from Chinese manufacturer Baoji Oilfield Machinery Company (BOMCO), at a cost of about $1 billion. BOMCO is owned by the China National ...
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Fiat India may reschedule product launch
Mumbai, Nov. 1 Fiat India may reschedule the launch of its forthcoming product range. The company is considering launching the Fiat Linea first and then the Grande Punto, Mr Mr Giovanni de Filippis, Managing Director, Fiat India, said. ...
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Rising rupee posing a challenge for Alfa Laval: CEO
Alfa Laval India holds a leadership position in the global sourcing of products amongst the Alfa Laval group companies, and the strengthening rupee and rising salaries are posing a challenge as products became less price-competitive. ...
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Zak Trade Fairs eyeing buys
Zak Trade Fairs and Exhibitions Pvt Ltd plans to acquire small trade fair and show organisers (in India and overseas) in the near future. According to company officials, the nature of such acquisitions would be more like a partnership where ...
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PERFORMANCE
The rising cost of under-recoveries
The price of Indian crude basket has shot up 52 per cent since February this year when oil companies had cut petrol and diesel prices. On Wednesday, the Indian crude basket was at $84.31 a barrel. The basket in October averaged at $79.33 a ...
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PEOPLE
Indiresan on Matrix board
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Rourkela Steel MD honoured
Mr Bhairava Nath Singh, Managing Director of Rourkela Steel Plant, has been honoured with the ‘Best Chief Executive Gold Award’ at a ceremony organised recently by the Institution of Engineers, Hyderabad. The award has been instituted ...
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