CORPORATE
ANNOUNCEMENTS
Orchid Chemicals gets European nod
ORCHID Chemicals & Pharmaceuticals on Tuesday announced that the European drug authority had approved its manufacturing facility for the bulk drug, Cefadroxil Monohydrate. The approval allows Orchid to export the drug to Europe. Thus far ...
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Shreya Life targets Rs 500-cr turnover by March 2005
SHREYA Life Sciences Pvt Ltd (SLSPL) has chalked out an aggressive growth plan while targeting a turnover of Rs 500 crore by the end of March 2005. "The strategy includes acquisition of brands with significant market share and takeover of ...
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Friends Globe plans to open doors in South
TO cater to the needs of the corporate traveller, Friends Globe Travels Ltd plans to open its doors in several southern cities, including Kochi, Coimbatore, Thiruvananthapuram and Visakhapatnam shortly. In an interview with Business ...
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ACCOUNTANCY
To strike partnerships with other professionals — ICSI Council gives nod for members
THE Council of the Institute of Company Secretaries of India (ICSI) has given its `in-principle' nod to allow its members in practice to strike partnerships with other professionals such as chartered accountants and cost accountants. "The ...
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MERGERS & ACQUISITIONS
Renaissance's Dalmia picks up stake in Lakshmi Vilas Bank
MR Abhishek Dalmia of the New Delhi-based Renaissance Group has picked up a 2-per cent stake each in Lakshmi Vilas Bank and the Delhi-based real estate and construction company Unitech. Informed sources told Business Line that this would ...
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CESC to seek shareholders' nod in subsidiary merger
CALCUTTA Electric Supply Corporation (CESC), the flagship company of the RPG group, has convened an EGM on April 21 to seek the approval of its shareholders for the proposed scheme of merging two of its wholly-owned subsidiary companies with ...
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NEW PROJECTS
Ambuja Cement shelves expansion plans till June
AMBUJA Cement Eastern Ltd (ACEL), a subsidiary of Gujarat Ambuja Cements Ltd (GACL), has decided to shelve its expansion plans till the closure of the company's current accounting year at the end of June 2004. The management of ACEL, which was ...
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TRADE & LABOUR UNIONS
A novel protest
Some 200 officers of CESC jam the parking area in front of the company's office in Kolkata on Tuesday. This unusual protest is for seeking replacement of their age-old motorcycles given by the company There are some 300 bikes used for inspection ...
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ALLIANCES & JOINT VENTURES
Nicholas Piramal, IISc pact for drug research
PHARMA major Nicholas Piramal India Ltd (NPIL) has entered into a research collaboration with the Bangalore-based Indian Institute of Science (IISc) to identify potential new targets for developing drugs to treat fungal infections. Meanwhile, ...
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OUTLOOK
Netafim India eyeing for partners in sprinklers, PVC — To gain from micro irrigation projects
Several State governments are opening up to the idea of micro-irrigation as a measure to combat water shortages, low land usages and droughts.
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PEOPLE
A successful innings at Ernst &Young
FROM an under-graduate trainee in 1959, to being the chief of the country's top professional management consultant firm till date since 1995, is a long innings. And tomorrow, as Mr Kashi Nath Memani is to hang up his boots after his last day ...
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