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Vorin Labs, Medicorp set to merge with Matrix — Boards to meet on Sept 19
IN a major development, three listed pharmaceutical companies based in Hyderabad, one of them controlled by Ranbaxy Labs and the other having significant holding by the Chennai-based Shriram group, are moving towards merging into a single entity ...
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Shriram group to sell Hi-Tech Arai stake — In talks with foreign allies
THE Chennai-based Shriram group is in talks with Mitsubishi Corporation and Arai Seisakusho for selling its 45 per cent equity stake in Hi-Tech Arai Ltd. Both the Japanese companies are equity partners in the Rs 75-crore Hi-Tech Arai, with ...
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Ministry mulls deregulation of petro product pipelines
THE Ministry of Petroleum & Natural Gas is actively considering a proposal to deregulate the business of setting up petro product pipelines, according to official sources. Currently, new pipelines can be set up only after the board of Petronet ...
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Greenfield shadow over SCI sell-off
THE controversial Greenfield Shipping deal in which Shipping Corporation of India (SCI) holds a 20 per cent stake worth $11 million has come to haunt the privatisation of the state-owned shipping line. The SCI board, at its meeting slated for ...
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ONGC seeks to market branded LPG
THE Oil and Natural Gas Corporation (ONGC) has sought rights to market liquefied petroleum gas under its own brand name. Currently, the company sells close to 1.2 million tonnes LPG through oil marketing companies - IOC, BPCL and HPCL. The ...
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Kodak, GVK plans among Rs 212-cr FDI clearances
THE UK-based Kodak Ltd's plan to increase its stake in the Indian subsidiary, Kodak India Ltd, from 74.76 per cent to 100 per cent involving foreign direct investment (FDI) worth Rs 99 crore has been cleared. This is among the 30 FDI proposals ...
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Young Achievers Award
Mr Sanjeev Goenka (left), Vice-Chairman, RPG Enterprises, and Mr Sunil Bharti Mittal, Chairman, Bharti Enterprises, recipient of the first Outstanding Young Achievers Award, during the award ceremony organised by the Young Leaders Forum of the ...
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`Desi' version of dollar stores coming
THE desi version of the American $1 stores - where the customers can pick up quality goods at a price of a $1 or less - may soon be a reality here if the Minister for Small-Scale Industries and Personnel, Public Grievances and ...
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