CORPORATE
RESEARCH & DEVELOPMENT
Praj Industries opens R&D facility in Pune
Files 2 provisional patents for high-energy ethanol blend
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ANNOUNCEMENTS
L&T to develop commercial complex in Navi Mumbai
Mumbai, April 21 Construction and engineering company Larsen & Toubro has said its property development division will develop an integrated commercial complex at Seawoods Railway Station, Navi Mumbai, on 40 acres at a cost of Rs 3,500 ...
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Hind Zinc finds new resources in Rajasthan
New Delhi, April 21 Hindustan Zinc Ltd (HZL) has announced that successful explorations have led to an increase of 28.7 million tonnes (mt) to its reserves and resources. Zinc-lead metal ore resources increased by 4 mt while total reserves and ...
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OPEN OFFERS
Dabur Pharma’s new owner to make open offer soon
New Delhi, April 21 After acquiring a majority stake in Dabur Pharma, German healthcare firm Fresenius Kabi on Monday said it will launch a public offer to purchase further 20 per cent stake in 4-6 weeks time. Fresenius Kabi had picked ...
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Orchid Chemicals shares drop as open offer hopes recede
Macquarie Bank offloads 10 lakh shares
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NEW BUSINESS
SAAG RR Infra bags Rs 288-cr workover rigs contract from ONGC
Chennai, April 21 The Chennai-based SAAG RR Infra Ltd (SRIL), a subsidiary of SAAG Consolidated, Malaysia, has bagged a Rs 288-crore contract from ONGC for charter hire of two offshore modular workover rigs. Announcing this at a press ...
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AWARDS & HONOURS
French honour for Avesthagen founder
Bangalore, April 21 Biotechnology company Avesthagen’s Founder-CMD, Dr Villoo Morawala-Patell, has been conferred France’s national award, Officer of the National Order of Merit.The French Ambassador, Mr Jerome Bonnafont, is ...
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TAXATION
ONGC asked to pay tax on discount extended to refiners
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MERGERS & ACQUISITIONS
Century Plyboards, Sharon merger
The Century Plyboards (India) Ltd of Kolkata has taken over the ownership of Chennai-based Sharon brand, Sharon Veneers Pvt Ltd and Sharon Wood Industries Pvt Ltd after their recent merger, according to a press release from Century Plyboards. The ...
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NEW PROJECTS
Daimler-Hero venture to invest Rs 4,400 cr
Yet to finalise manufacturing location; Daimler looks at India as hub
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SKIL investing Rs 1,200 cr in Positra port
SKIL Infrastructure Ltd, the Mumbai-based infrastructure company, would be investing around Rs 1,200 crore in setting up a port at Positra in Gujarat. With a draught of 16 metres and a shore area of 4,000 acres, the port will be able to handle ...
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Medtronic opens centre of excellence in Hyderabad
Medtronic, a medical technology company, has opened a centre of excellence at CARE Hospitals to train cardiologists in various aspects of medical implants such as pacemakers. Addressing a press conference here on Monday, Mr Milind Shah, ...
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OVERSEAS INVESTMENTS
IMPACT
Power business may get a boost
Thanks to GMR Energy coal mine buy
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OUTLOOK
Batliboi enXco looking to expand to more States
In talks with global windmill operators
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Binani Cement net zooms on high demand
Mumbai, April 21 Reflecting better realisation and soaring demand, Binani Cement has posted 152 per cent rise in net profit at Rs 64.13 crore in the fourth quarter ended March 31, 2008, against Rs 25.47 crore logged in the corresponding period ...
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GSK Pharma to bring in rotavirus, cancer vaccines
Breast cancer drug Tykerb slated for launch next month
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PERFORMANCE
Jain Irrigation posts muted growth in Q4
Mumbai, April 21 Jain Irrigation has posted a 7.5-per cent rise in net profit at Rs 37 crore in the fourth quarter ended March 31, 2008, against Rs 34 crore logged in the corresponding period last year. Sales grew 33 per cent to Rs 599 crore ...
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PEOPLE
New chief for GNFC
The Additional Chief Secretary of Gujarat Ms Sudha Anchalia has taken over as the Chairperson and Managing Director of Gujarat Narmada Valley Fertilisers Company (GNFC) from April 11 this year. Ms Anchalia had earlier served as the Chairperson ...
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