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Wednesday, May 26, 2004

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Avesthagen gets Rs 2.75-cr CSIR grant
AVESTHA Gengraine Technologies Pvt. Ltd. On Tuesday announced that it has received a Rs 2.75-crore grant from the CSIR for its pipeline food supplement product, the DHA or omega-3 fatty acid. The product will be brought to market by 2006 with ... More

Murugappa Group receives Parrys sale consideration
NEW DELHI: The Murugappa Group said on Tuesday it has received the entire sale consideration for Parrys Confectionary Ltd from Lotte Confectionary Company of Korea. It said in a statement that as per the share purchase agreement, the ... More

Dr Reddy's gets USFDA nod for Fluconazole
IN a major boost to its patent challenging strategy, Dr Reddy's Laboratories Ltd, the Hyderabad-based global pharmaceutical major, has obtained the tentative approval of the United States Food and Drugs Administration (USFDA) for the abbreviated ... More

GM India to launch special edition of Corsa
CLOSE on the heels of the launch of the Chevrolet Tavera, the multi utility vehicle, General Motors India is all set to launch the special edition of Corsa. This would be a limited edition and would be made available to the first 400 customers ... More

Apollo Health to open clinic in Doha
APOLLO Health and Lifestyle Ltd (AHLL), a wholly owned subsidiary of the Apollo Hospitals Group, is opening the first Apollo Clinic in Doha. The clinic is being set up in association with one of Doha's large business houses — the ... More

  • Aurobindo Pharma results on June 2

    PREFERENTIAL ALLOTMENTS
    Sakthi Sugars pref allotment to FIIs
    SAKTHI Sugars will raise over Rs 18 crore through preferential allotment of 36.41 lakh equity shares of Rs 10 each to foreign institutional investors, according to company officials. The company has informed the stock exchanges that its board, ... More

    Matrix Labs allots shares to foreign funds
    THE board of directors of Matrix Laboratories Ltd, has allotted equity shares in favour of two foreign funds on a preferential allotment basis. At a meeting held on Tuesday, the board allotted 11,25,000 equity shares of Rs 10 each to India ... More

    MERGERS & ACQUISITIONS
    LIC MF third suitor for GIC Mutual
    THE acquisition of GIC Mutual Fund's schemes is expected to be the next announcement in the ever-consolidating mutual fund industry. LIC Mutual Fund is the third suitor to conduct a due-diligence exercise on the fund house before submitting its ... More

    SRF to acquire arm's polyester film business
    SRF Ltd has announced that its board has approved in principle to make an offer to acquire the polyester film operations of SRF Polymers Ltd. The company at its meeting on May 21 stated its intent to establish a strong operating presence in ... More

    NEW PROJECTS
    Hincol bitumen plant at Vizag
    HINDUSTAN Cola Ltd (Hincol), a joint venture of Hindustan Petroleum Corporation Ltd (HPCL) and Colas (France), sees great growth opportunities in the Indian market and plans to expand its operations across the country, according to Mr Alain ... More

    INTERVIEW
    `We are planning to unveil 25 new products in next 2 years'
    STARTED three decades ago on a modest scale by Mr G.C. Surana, Micro Labs Ltd has today grown into a Rs 477-crore enterprise counted among the top 20 fastest growing domestic pharma companies. Now at the head of pharma companies in Karnataka, ... More

    OUTLOOK
    Consolidation to place Amtek Auto in top gear
    WITH seven acquisitions in two years, auto components manufacturing major Amtek Group is set to focus on consolidation in the coming year. It will also focus on other modes of expansion, including setting up a new plant overseas in either China ... More


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