CORPORATE
ANNOUNCEMENTS
Gayatri Starchkem to change name
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CORPORATE DISPUTES
Ranbaxy settles patent dispute with GSK
New Delhi, Jan. 21 Ranbaxy Laboratories has announced an out-of-court settlement to its patent dispute with GlaxoSmithKline over the migraine drug, Imitrex. According to the terms of settlement, Ranbaxy will be able to distribute ...
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Dr Reddy’s, Novartis settle dispute on Exelon
Our Bureau Hyderabad, Jan. 21 Dr Reddy’s Laboratories Ltd has entered into a pact with Novartis Pharma AG to settle a legal battle pertaining to a generic version of Rivastigmine tartrate capsules sold under the trade-name ...
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NEW BUSINESS
L&T bags Rs 1,695-cr Kuwait order
Larsen & Toubro’s Heavy Engineering Division has bagged a Rs 1,695-crore order to manufacture and supply 22 hydrocracker and atmospheric residue desulphurisation (ARDS) reactors for Kuwait National Petroleum Company’s ‘Clean ...
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INSIGHT
Good profits, bad profits
How can a company position itself on the path to progressive growth — the kind of growth that enables its customers to enjoy doing business with it; and makes those customers sing the company’s praises to their friends? Of course, ...
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MERGERS & ACQUISITIONS
Sona Okegawa acquires ThyssenKrupp arm
Global expansion on cards
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NEW PROJECTS
Chhattisgarh plant: Tata Steel expects to complete land acquisition by March
Rs 16,000-cr investment planned in greenfield project
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Haier India on an expansion spree
To roll out new products; looking at acquiring production facilities
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Polish firm Can Pak to set up factory in Waluj
To invest Rs 760 cr in Maharashtra over next five years
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Avery Dennison opens plant in Ranjangaon
Pune, Jan 21 Avery Dennison Corporation inaugurated its new production facility in Ranjangaon near Pune. The new facility will produce advanced pressure-sensitive materials such as labeling materials, retail tag, ticketing and branding ...
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ALLIANCES & JOINT VENTURES
IOC, Oil India join hands with Algerian co for exploration in Libya
Chennai, Jan. 21 Two petroleum PSUs, Indian Oil Corporation and Oil India Ltd, have joined hands with Sonatrach, the national oil company of Algeria, for prospecting for oil in a Libyan onshore block, it is learnt. The Algerian company will ...
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MRPL, Shell form joint venture to market aviation fuel
To initially supply at Bangalore, Hyderabad airports
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OUTLOOK
GSPC plans IPO, decision expected in mid-February
Proposal for partner in KG Block in back burner
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Volkswagen to use India as base for global market
Pune plant to make India-specific car
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Tata Sky bets big on interactive services
Coimbatore, Jan. 21 Direct-to-Home satellite service provider Tata Sky has launched a number of innovative and interactive services, targeting every age group. Its Chief Marketing Officer, Mr Vikram Mehra, told Business ...
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PEOPLE
NPIL executive still missing
Four days after a senior executive of drug-maker Nicholas Piramal, Mr Ashwani Bhat, went missing on his way back to Indore from Gwalior, the company waits for more information on the suspected abduction, a company official said. The drug ...
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Ravi Nedungadi is IMA India’s CFO of the year; Tata Steel gets deal of the year award
Mumbai, Jan. 21 The UB group and the Tata Steel group Chief Financial Officers were among the winners of the 7th India CFO Awards 2007 instituted by International Markets Assessment India (IMA India).Mr Ravi Nedungadi, CFO, UB group, ...
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