CORPORATE
RESEARCH & DEVELOPMENT
Schneider Electric to set up R&D centre in Bangalore
SCHNEIDER Electric Industries SAS France said on Thursday that it is setting up a global research and development (R&D) centre in Bangalore. The Bangalore centre, expected to be operational by March this year would carry out activities spanning .
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ANNOUNCEMENTS
Eli Lilly reduces sepsis drug price
ELI Lilly & Company (India) has reduced the price of Xigris, a drug used to treat sepsis, commonly known as blood poisoning. Dr R.S. Nadig, Medical Director, Eli Lilly said, "More people die from sepsis than from breast or colon cancer and ...
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CORPORATE DISPUTES
A victory for Matrix Labs customers in Europe
IN yet another victory for customers of Matrix Laboratories Ltd in Europe, Danish pharmaceutical giant Lundbeck, the innovator of the anti-depressant blockbuster drug Citalopram, has withdrawn patent infringement cases against Ratiopharm and ...
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OVERSEAS BORROWINGS
Sujana board okays GDR issue proposal
SUJANA Industries Ltd has informed the stock exchanges that its board of directors at the meeting held on January 27 has approved a resolution to issue equity shares by way of issue of global depository receipts (GDRs) for an aggregate amount not ...
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NEW PROJECTS
Ambika Cotton plans capacity expansion
THE Tirupur-based Ambika Cotton Mills Ltd (ACML), which has chalked up plans to add value to its cotton yarn production, is setting up a new compact yarn spinning plant with a 21,000-spindle capacity. This additional spinning capacity would come ...
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TRADE & LABOUR UNIONS
BHPV unions threaten to intensify strike
THE joint action committee (JAC) of all the unions in the Bharat Heavy Plates and Vessels Ltd (BHPV) has urged the board of the company and the Government not to refer the unit to the BIFR and to initiate steps to bring it back on rails. The ...
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RIGHTS ISSUE
Gujarat Alkalies announces 3:5 rights
AS part of its financial restructuring programme, Gujarat Alkalies and Chemicals Ltd (GACL), India's largest producer of caustic soda, has announced a rights issue for its shareholders in the ratio of three equity shares for every five shares ...
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PERFORMANCE
Earnings performance for Oct-Dec 2003 — India Inc on a high
CORPORATE India is shining - that is what the earnings card for the latest quarter suggests. Firm commodity prices, buoyant automobile sales and the pick-up in expansion and replacement demand lead to a 40 per cent rise in earnings for 1,000 ...
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Leelaventure hotels top revenue per room charts
IMPROVED inventory and revenue management coupled with a sustained marketing drive have helped two hotels of Hotel Leelaventure Ltd maintain their top position in terms of the revenue per available room, or revPAR, for December. The Leela Goa ...
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