CORPORATE
RESEARCH & DEVELOPMENT
Applied Bio to develop software to power next-gen DNA sequencers
Keen on software partnerships with Indian IT cos
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ANNOUNCEMENTS
ArcelorMittal applies for iron ore mines in Orissa, Jharkhand
‘Construction of plants to begin by year-end’
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Ranbaxy gets USFDA nod for generic Ceftin
New Delhi, Feb. 7 Ranbaxy Laboratories Ltd has received US Food and Drug Administration approval to make and sell the generic version of GlaxoSmithKline’s anti-infective Ceftin, which will be the first generic formulation in the market. ...
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Ranbaxy gets tentative FDA approval for Nexium
New Delhi, Feb. 7 Ranbaxy Laboratories Ltd has received tentative approval from the US Food and Drug Administration for generic Nexium, Astra Zeneca’s blockbuster drug. The approval is for capsules of esomeprazole magnesium ...
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HUL promoter holding up marginally
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Rural Electrification Corp IPO to raise up to Rs 1,640 cr
Issue from Feb 19-22; price band at Rs 90-105
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DIVIDEND ANNOUNCEMENT
Nalco pays enhanced interim of 45%
Bhubaneswar, Feb. 7 National Aluminium Company Ltd (Nalco) here has decided to pay an enhanced interim dividend of 45 per cent on a paid-up capital of Rs 644.31 crore, amounting to Rs 289.94 crore for the current fiscal, according to a press ...
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SAIL pays Rs 673.49 cr dividend
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NEW BUSINESS
Indu Projects bags contract
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AWARDS & HONOURS
Reliance Energy bags CSR award
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CORPORATE BONDS
Suryachakra Power may hike capital to Rs 135 cr
Hyderabad, Feb. 7 Suryachakra Power Corporation Ltd has convened an extra ordinary general meeting (EGM) of the company on February 29 to consider increase of the authorised share capital from Rs 90 crore to Rs 135 crore.The company is ...
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MERGERS & ACQUISITIONS
Indiabulls acquires Catherine Builders
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NEW PROJECTS
Ennore Foundries to invest Rs 350 cr for expansion
Chennai, Feb. 7 The city-based Ennore Foundries Ltd (EFL), part of Hinduja Group, will be doubling its capacity to 2,20,000 tonnes per year by 2010-11. Addressing newspersons at upcoming greenfield plant at Sriperumbudur, the Managing ...
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OVERSEAS INVESTMENTS
JRG executes first steel futures delivery on Dubai bourse
Kochi, Feb. 7 JRG Metals and Commodities DMCC, a wholly owned subsidiary of JRG Securities Ltd, executed the first steel futures delivery through the Dubai Gold and Commodities Exchange (DGCX) on Monday. The delivery was undertaken ...
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TRADE & LABOUR UNIONS
Give back lands to the displaced, urges CITU
The Visakhapatnam Steel Plant management should consider giving back lands to the displaced persons, as it is not in a position to give them jobs, even in the expansion phase, according to the district unit of the CITU.At a press meet ...
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ALLIANCES & JOINT VENTURES
NTPC forms jt venture with Bharat Forge
New Delhi, Feb. 7 Marking further progress on its equipment manufacturing foray, NTPC Ltd on Thursday entered into a pact with Bharat Forge Ltd to set up a joint venture unit for manufacturing castings and forgings for power plants at an ...
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ONGC, Norwegian oil co ink pact
ONGC has signed a memorandum of understanding (MoU) on Thursday with Norwegian oil and gas major StatoilHydro ASA to develop projects on carbon capture and sequestration (CCS), clean development mechanism (CDM) and other carbon management ...
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Shivalik Bimetal joins hands with ArcelorMittal Stainless, Auerhammer
New facility to come up at Indore SEZ
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ONGC, Norwegian oil co ink pact
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Deepak Fertilisers to form jt venture with Yara
Pune, Feb 7 Yara International ASA and Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) signed a heads of agreement for establishing a joint venture company to produce and market ammonium nitrate and speciality fertilisers in ...
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VENTURE CAPITAL
Ikya gets $8 m from India Equity Partners
Bangalore, Feb.7 Ikya Human Capital Solutions Pvt Ltd, a Bangalore-based HR solutions company, has received a funding of $8 million from India Equity Partners. Ikya, operating in the HR services area, offers a range of services ...
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OUTLOOK
Strong rupee will boost cos’ profitability by 12-15%: Assocham
New Delhi, Feb. 7 Cheaper import cost of raw material and technology on the account of rupee appreciation is likely to boost the profitability of companies by 12-15 per cent, said the industry chamber Assocham. “The sectors that ...
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Reliance Retail plans more format stores
Mumbai, Feb. 7 Reliance Retail will see a total investment of Rs 25,000 crore in the next two-three years, said Mr Manu Kapoor, Senior Vice-President, Reliance Retail Ltd. This investment will be for the complete roll out of its entire retail ...
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Sintex investing Rs 200 cr in pre-fabricated segment
Ahmedabad, Feb. 7 With the order book of nearly Rs 1,500 crore from across India, Sintex Industries Ltd (SIL) plans to invest Rs 200 crore to increase capacities in its diversified monolithic pre-fabricated segment for low-cost housing in the ...
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Concept Pharma looks to OTC, multi-lateral deals to grow
Mumbai, Feb. 7 Plans to participate in more international tenders of multi-lateral agencies, besides expanding its presence in the generic and OTC (over-the-counter) segments are some of the growth strategies charted by Concept Pharmaceuticals ...
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