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OUTLOOK: Apollo Pharmacy turnover set to cross Rs 1,000 cr
Proposes to open units overseas. Hyderabad, Sept. 24 Apollo Pharmacy, the pharmacy retail arm of Apollo Hospitals, is set to break even in the ...

ANNOUNCEMENTS: Fortis to raise Rs 997 cr via rights issue
New Delhi, Sept. 24 Fortis Healthcare has received the approval of the Securities and Exchange Board of India (SEBI) for its plans to raise funds by way of issue of equity shares with warrants on a ...

OUTLOOK: Two new Reva models will ’electrify’ Indian roads next year
New Delhi, Sept. 24 Reva Electric Car Company (RECC) announced on Thursday that the two models showcased recently at the Frankfurt Motor Show, the NXR and the NXG, would be launched in the country starting the first quarter ...

NEW PROJECTS: Ford to invest Rs 1,500 cr more in Chennai facility
To double capacity; set up a new unit. Chennai, Sept. 24 Ford India has formalised its commitment to invest Rs 1,500 crore at its manufacturing facility in Maraimalainagar, near Chennai, by signing a memorandum of understanding with the Tamil ...

NEW PROJECTS: Spanish co Mondragon plans complex near Pune
Chennai, Sept. 24 Spain-based Mondragon Co-operative Corporation, whose interests are in retail, finance and industrial business, is setting up an industrial complex in Shirwal village, about 60 km south of Pune. It has invested Rs 13 crore ...

OUTLOOK: Tazo-Pip case: Crucial for Orchid and Wyeth
Wyeth takes USFDA to court over nod for generic Zosyn. The events following the recent approval by the US FDA of Orchid Chemicals & Pharmaceutical’s long-awaited generic Tazo-Pip have acquired the dimensions of a Hollywood ...

FIXED DEPOSITS: Manufacturers oppose move to ban taking public deposits
New Delhi, Sept. 24 Manufacturing firms are lobbying against the prospect of being banned from taking deposits from the public. The Companies Bill 2009 has a provision (Clause 66) that proposes to allow companies to take deposits only from ...

NEW PROJECTS: Honeywell to open facility in Gurgaon
Madurai, Sept. 24 Honeywell India will be laying the foundation stone for a centre for speciality materials in November-December in Gurgaon, said Mr Anil P. Gupta, Country Manager, ...

ACCIDENTS: Balco sends aid for Korba victims
Mumbai, Sept. 24 Bharat Aluminium Company (Balco), part of Vedanta Group, on Thursday intensified rescue operation and medical assistance to the victims of a freak accident at the construction site of 1,200 MW power plant at Korba ...

OVERSEAS INVESTMENTS: Balmer Lawrie's lubricant plant
...

NEW PROJECTS: TVS readying to launch Flame
TVS Motor Company is preparing the ground for the launch of TVS-Flame. A press release from TVS Motor said the company will take steps to obtain the necessary certifications required under law before commencing sales of TVS-Flame. Soon after ...

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