The Hindu Business Line : Friday, March 28, 2003

Ranbaxy gets US FDA nod for Cefadroxil
RANBAXY Laboratories Ltd (RLL) has received approval from the US Food and Drug Administration (FDA) to market Cefadroxil powder for oral suspension USP in 125 mg/5 ml, 250 mg/5 ml and 500 mg/5 ml strengths. The Division of Bioequivalence has ... More

IOC plans exports of petro products
INDIAN Oil Corporation, for the first time has included exports of petroleum products to foreign markets as part of its memorandum of understanding (MoU) with the Government to help improve its bottomlines. It has set a gross margin target of Rs ... More

IPR

Aventis sues Dr Reddy's, alleges patent infringement
AVENTIS Pharmaceuticals Inc has filed a lawsuit against Dr Reddy's Laboratories Ltd, which is listed on the New York Stock Exchange, alleging infringement by the latter on patents pertaining to Allegra tablets. The lawsuit came in the wake of ... More

RESTRUCTURING

Ispat board okays revamp scheme

MERGERS & ACQUISITIONS

Duncans to merge loose tea biz
THE Gauri Prasad Goenka-owned Duncans Group is currently engaged in the business of consolidating its branded loose tea retail business into one company. This business is now operated by two insignificant marketing outfits of the Duncans ... More

Blue Star to sell stake in YBL
REFRIGERATOR maker Blue Star Ltd will offload its stake in joint venture Yokogawa Blue Star Ltd (YBL) to its Japanese partner Yokogawa Electric Corporation for a consideration of Rs 16.74 crore. The Blue Star board on Thursday approved the ... More

GMR Tech board clears merger of group cos

NEW PROJECTS

Cobra beer to soon have a `made in India' tag
COBRA Beer, manufacturers of the most popular Indian beer in the UK, is all set to begin production of the brand in India in the next 4-5 months. Speaking to Business Line, Mr Karan Bilimoria, Chief Executive of Cobra Beer, said, "We ... More

Mars to foray into pet food segment in India
THE $14-billion Mars Incorporated, which markets leading brands such as Snickers, Mars, Twix and M&M's chocolates, is officially setting up shop in India. However, instead of its chocolates most of which are already available in the country ... More

Nalco proposes Rs 4,000-cr expansion
NATIONAL Aluminium Company (Nalco), which has manufacturing units at Dhamanjodi and Angul in Orissa, is planning to expand the capacities of its mines and refinery. The expansion proposals, which may cost around Rs 4,000 crore, are to be cleared ... More

SAIL okays 2 projects worth Rs 135 cr
THE board of directors of Steel Authority of India Ltd (SAIL) recently approved two projects for Durgapur Steel Plant (DSP) and Rourkela Steel Plant (RSP) for a total investment of Rs 135.8 crore. According to a release, the RSP project will ... More

TRADE & LABOUR UNIONS

HC rules BPCL workers strike illegal
THE Madras High Court on Thursday held that the strike launched by the two unions of Bharat Petroleum Corporation Ltd in protest against the privatisation of the public sector undertaking was "illegal in view of the pending conciliation ... More

ALLIANCES & JOINT VENTURES

TAFE, US co to develop component export base
THE Chennai-based Tractors and Farm Equipment Ltd (TAFE) has entered into an understanding with its collaborator, AGCO Corporation of the US, to develop the Indian market as a base for component exports. Ms Mallika Srinivasan, Director, TAFE, ... More

OUTLOOK

Cotton Corpn to step up sales
THE Cotton Corporation of India (CCI) has sold nine lakh bales of cotton and registered profit before tax, interest and depreciation of Rs 25 crore. In a press note, it announced an MoU with the Ministry of Textiles, where the CCI has ... More

NMDC signs MoU with Steel Ministry

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