CORPORATE
RESEARCH & DEVELOPMENT
Suven, Eli Lilly in pact for drug discovery
Suven Life Sciences Ltd has signed a second agreement with Eli Lilly and Company, a US-based global pharmaceutical company, to collaborate on the pre-clinical research of molecules in the therapeutic area of Central Nervous System disorders ...
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IMPACT
Suven’s 2nd drug deal: Long-term positive
Major milestone possibly at the end of pre-clinicals
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BUYBACK
Reliance Energy buyback from March 17
Mumbai, March 12 The buyback of Reliance Energy’s shares will commence from March 17 and will continue till March 4, 2009, Reliance Energy informed SEBI on Wednesday.The company had announced the buyback in its board meeting held ...
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NEW BUSINESS
Kilburn Engg gets order from L&T
Kilburn Engineering Ltd has informed the BSE that the company has received letter of intent from Larsen & Toubro Ltd for manufacture of three instrument Utility Gas System aggregating Rs 2.70 crore. The total order book as on date including ...
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Aerion Corp expects orders worth $400 m from India
Plans joint venture for sales, maintenance
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CORPORATE BONDS
Indo Asian Fusegear mulls warrants
Indo Asian Fusegear Ltd has informed the BSE that an extra ordinary general meeting (EGM) of the company will be held on April 2 to issue and allot, in one or more trenches, up to 19 lakh Zero Coupon convertible Warrants, entitling the holder of ...
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RESTRUCTURING
IMPACT
Marico: Retains focus on wellness
Sil sale not to have significant change on earnings
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MERGERS & ACQUISITIONS
Mid-cap cos tap ‘sub-prime’ opportunities in US
Spree of acquisitions abroad likely to continue
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Future Capital to pick up stake in Centrum arms
Mumbai March 12 Future Capital Holdings, the financial services arm of Kishore Biyani-promoted Future Group, would be investing Rs 100 crore for acquiring majority stakes in two subsidiaries of investment banking firm Centrum ...
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NEW PROJECTS
Vedanta Group investing Rs 20,000 cr in Bengal
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Mahindra arm opens Rs 30-cr electrical steel plant in Gujarat
Mahindra Intertrade Ltd (MIL), a wholly owned subsidiary of Mahindra & Mahindra Ltd (M&M), on Wednesday inaugurated a electrical steel processing plant here. The company has initially invested Rs 30 crore on the plant, set up in ...
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Tata Green to set up Rs 70-cr 2-wheeler battery line
Facility likely to make electrolite batteries
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True Value Homes plans Rs 700-cr project near Chennai
Construction company True Value Homes has set up a joint venture with CPI India 1 Ltd to implement a Rs 700-crore residential project near Chennai.Mr Nakshatra Roy, Director-Corporate Operations, True Value Homes India Pvt Ltd, said CPI ...
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REGULATORY BODIES & RULINGS
Strides Arcolab plant gets USFDA nod
Bangalore, March 12 Strides Arcolab Ltd has announced that its Bangalore-based penicillin injectables plant has been approved by the US Food and Drug Administration. One ANDA (drug submission) each has been approved by the USFDA and ...
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ALLIANCES & JOINT VENTURES
Paes, Maya Entertainment tie up
Tennis star Leander Paes will now play model and inspiration to sports and content-based animation programmes. Leander Sport Pvt Ltd will be co-producing animated content for TV, DVD and Mobisodes in association with Maya Entertainment Ltd. The ...
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INTERVIEW
How Nano can affect ‘B’, ‘C’ segment car sales
The Budget 2008 has reduced the excise duty for small cars and two-wheelers from 16 to 12 per cent, so a Maruti-800 customer should benefit by around Rs 10,000, reasons Mr Sanjay Nigam, Director-Automotive Business, Trilogy India, a US based ...
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DIVERSIFICATION
Phoenix Group expanding footprint
Kochi, March 12 Phoenix Group Global, which has a presence in the country’s hospitality and real estate sector through the Radisson White Sands in Goa, the Radisson Plaza Resort and Spa in Kumarakom and two premium villa real estate ...
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RIGHTS ISSUE
Dunlop to go ahead with listing, rights issue plans
AAIFR dismisses appeals filed by SEBI, BSE on sick status
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OUTLOOK
GE Healthcare moving more projects to India
Aims to develop affordable solutions to global markets
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GM to focus on small car segment
Mumbai, March 12 Enthused by the sales of Chevrolet Spark and UVA, General Motors India is planning to come out with more offerings in the small-car segment. “Mini cars are extremely important for us in India. We will definitely ...
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IndianOil may wind up Korba facility
Facing lacklustre demand for explosive-cartridges
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HM-Mitsubishi plans more SUVs
Hindustan Motors-Mitsubishi is planning to launch one model every six months as part of their growth plan. The company which is selling four models, including Pajero, Lancer, Cedia and Montero, will launch another SUV Outlander in ...
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