CORPORATE
RESEARCH & DEVELOPMENT
Dr Reddy's diabetes drug to enter phase-III trials soon
BALAGLITAZONE, the diabetes molecule of Dr Reddy's Labs is slated to enter the phase-III trials (human trials) soon. The company had out-licensed this compound to the global drug major Novo Nordisk in March 1997. The development is being ...
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ANNOUNCEMENTS
Tata Honeywell to provide security solutions to IOC
INDIAN Oil Corporation today decided to take the integrated security solution provided by the Pune-based Tata Honeywell Ltd (THL), for a robust and future-wise security system. THL is a provider of automation and software solutions. According ...
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INFORMATION TECHNOLOGY
Indian cos lack focus on Web strategy: Survey
A SURVEY conducted by ValueNotes Database to gauge Web site effectiveness strategies employed by Indian companies has noted that most Indian companies lack a "focused strategy for online presence" with 72 per cent of senior management interviewed ...
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CORPORATE BONDS
Fitch gives high rating for L&T Holding's NCD programme
FITCH India has assigned F1+(ind) rating to the proposed Rs 75-crore short-term non-convertible debenture programme of L&T Holdings Ltd (LTHL), rating being based on the `letter of comfort' provided by L&T Ltd. This is apart from the propose
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HMT seeks Govt nod for Rs 300-cr bonds issue
HMT Ltd has sought the Government nod to sell Rs 300 crore of bonds in the near time to retire part of its high-cost debt, according to company sources. HMT currently has close to Rs 400-crore high-cost debts on its books and it expects to ...
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MERGERS & ACQUISITIONS
GSK, Burroughs Wellcome boards clear merger — Share swap at 14:10
THE long-drawn merger of Burroughs Wellcome India Ltd (BWIL) into GlaxoSmithKline Pharmaceuticals Ltd (GSK) in India was sealed on Wednesday with the boards of both the companies approving the scheme of amalgamation. The boards have decided on ...
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Merger with Burroughs: Swap ratio favours Glaxo shareholders
THE completion of the legal merger between GlaxoSmithKline Pharmaceuticals and Burroughs Wellcome - nine years after the merger at the global level - is significant as it ends uncertainty and periodic speculation on this score. During ...
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ALLIANCES & JOINT VENTURES
Two-wheeler loans for farmers: Bajaj Auto ties up with Andhra Bank
THE two-wheeler major Bajaj Auto Ltd (BAL) has entered into an alliance with Andhra Bank for extending two-wheeler loans to the farming community across the country with special concessions to the customers under the scheme called `Bajaj Kisan ...
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STANDARDS & BENCHMARKS
Club Mahindra gets ISO 9001:2000
CLUB Mahindra Holidays (CMH), the lifetime holiday company, has received the ISO 9001:2000 certification for its property at Lakeview Munnar, demonstrating its commitment to quality management. According to an official statement, Club Mahindra ...
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SICK UNITS
Shree Synthetics fate hinges on capital infusion, revival package
IN lieu of a Calcutta High Court order, the management of the ailing Shree Synthetics Ltd has reduced its capital base by 80 per cent and has also merged an investment firm into itself. Now, the fate of the company, which is a producer of ...
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