CORPORATE
RESEARCH & DEVELOPMENT
JK Tyre plans R&D centre at IIT Madras
JK Tyre has signed an agreement with the IIT, Madras to set up a centre to carry out research on tyre mechanics. With an initial funding of Rs 1.5 crore, the facility - Centre of Excellence for Tyre and Vehicle Mechanics - is expected to ...
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ANNOUNCEMENTS
Ranbaxy gets FDA clearance for hypertension drug
RANBAXY Laboratories has received approval from the US Food and Drug Administration (USFDA) to manufacture and market Fosinopril Sodium tablets in 10 mg, 20 mg, and 40 mg strengths used mainly for treatment of hypertension. The Office of ...
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TI buys rights for Hercules brand in Africa, West Asia
TUBE Investments (TI) of India, the country's second largest bicycle manufacturer, has bought over the rights to sell bicycles under the Hercules brand name in Africa and West Asia, from Raleigh of UK. While the deal for Africa has been ...
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Head turner Tuscani coupe may be round the corner
INDIA could soon see one of the sportiest cars in the world, Hyundai's head turner, Tuscani Coupe zipping across the roads. "Based on the response of the customers during the Auto Expo, we are considering the possibility of launching it in ...
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Escorts to leverage Polish arm to boost exports to Europe
TRACTOR major Escorts Ltd is keen to develop its Polish subsidiary as a supply base for all of Europe, with Poland set to enter the European Union on May 1. Escorts has a 65:35 joint venture in Poland with Polish company Pol-Mot Holding, called ...
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CORPORATE BONDS
ICRA assigns `high safety' rating to CPCL bonds
ICRA has assigned `LAA' rating, indicating `high safety,' to the Rs 750-crore bonds programme of Chennai Petroleum Corporation Ltd (CPCL). It has also given `A1+' rating, indicating highest safety in the short term, to its Rs 50-crore commercial ...
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ALLIANCES & JOINT VENTURES
PerkinElmer sets up joint venture with Labindia
A GLOBAL provider of drug discovery, life science research and analytical solutions, PerkinElmer Inc has entered into a 51:49 joint venture with Labindia Instruments to tap the life sciences and analytical instrumentation market in the country. ...
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KA Latex to market Revertex products
THE Kerala-based Kurian Abraham Pvt Ltd (KA Latex) and Revertex Malaysia Sdn Bhd has signed a joint venture to manufacture and market the Revertex range of pre-vulcanised latex products in India and the SAARC region. The joint venture known by ...
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DIVERSIFICATION
Modern Mills to focus on diversification
MODERN Mills, Mumbai's once well-known textile manufacturing unit, is changing tack and looking at diversification to rally round its fortunes. It has already made a start by launching the Indian Institute of Jewellery, simultaneously entering ...
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OUTLOOK
GAIL gas cut to hit Regency Ceramics
GAIL (India) Ltd's decision to substantially reduce natural gas supplies is expected to adversely affect the performance of the Rs 183-crore ceramic tiles major Regency Ceramics Ltd (RCL). The decision, said to have been forced by shortage of ...
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PERFORMANCE
BHEL staging a comeback
IT'S indeed a spectacular performance from the largest power equipment company in the country. Be it in terms of order booking, order backlog or operating profit margins, year 2003-04 has been the best for the company in the past five years. ...
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Scoreboard
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