CORPORATE
RESEARCH & DEVELOPMENT
Fifth R&D centre for Panacea Biotec
New Delhi, Feb. 11 Panacea Biotec has opened a R&D centre in Mumbai for both conventional and biotech drugs. Global Research and Development Centre (GRAND) is the vaccine maker’s fifth R&D centre. “GRAND is an ...
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NEW BUSINESS
Elecon Engg bags SAIL order
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ACCOUNTANCY
Consolidation and growing big, a top hurdle for CAs
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MERGERS & ACQUISITIONS
Biocon buys 70% stake in German pharma co for €30 m
To launch injectible insulin in Europe soon
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NEW PROJECTS
Moser Baer to invest $1.5 b in thin film unit
Optical storage disc maker Moser Baer India Ltd has announced an investment of $1.5 billion to set up a thin film photovoltaic capacity plant. PV Technologies India Ltd, the wholly owned subsidiary of Moser Baer India, signed an ...
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Orissa gives nod for land to Arcelor Mittal
Mumbai, Feb. 11 The Orissa Government has accorded provisional approval for allotment of 7,750 acres for global steel major Arcelor Mittal to build a 12-million tonne plant.Speaking on the sidelines of Indian Steel Summit here on ...
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FTE Setco hopes to supply clutch actuation systems in December
Plant to be set up near Baroda; validation to be complete in 6 months
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ALLIANCES & JOINT VENTURES
Escorts Construction ties up with Altec
To diversify into earth moving equipment
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STANDARDS & BENCHMARKS
Fuel quality: IOC to invest Rs 9,000 cr
New Delhi, Feb. 11 Indian Oil Corporation Ltd (IOC) plans to invest Rs 9,000 crore on quality improvement projects to improve the quality of petrol and diesel produced at its refineries. “While the company is meeting the present ...
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SICK UNITS
Bihar to invite fresh bids for 10 sugar mills
SBI Caps to handle tendering
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Best & Crompton sells Ambattur property for Rs 148 cr
Chennai, Feb. 11 Best & Crompton has sold its 14.5-acre property at Ambattur in Chennai to Mr C. Sivasankaran, Chairman, Sterling Infotech Group, according to sources in the know. The sources said the deal has been finalised for Rs ...
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OUTLOOK
Modine Thermal seeks tie-up for engine-cooling systems
Open to acquisitions; will enhance investments by 15%
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Firefox to raise bike sales
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PEOPLE
OIL top post: ONGC’s Hazarika among 22 in the race
Kolkata. Feb. 11 A total of 22 candidates are said to be in the race to become the next Chairman and Managing Director of Oil India Ltd. The Public Enterprises Selection Board (PESB) has recently begun the search for a successor to the ...
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