CORPORATE
ANNOUNCEMENTS
Natco Pharma unveils new drug
NATCO Pharma Ltd has announced the launch of Ganciclovir said to be one of the latest generation drugs used in the treatment and prevention of cytomegalovirus. The drug was launched in 250 mg capsules and 500 ml injection forms. In a release ...
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PSL bags 3 orders worth Rs 300 cr
PSL Ltd has bagged three orders for a value totalling Rs 300 crore from Bangladesh Gas Transmission Co Ltd, Indian Oil Corporation and Hyundai Heavy Industries for ONGC. The first order worth $ 9.3 million for supply of 30-inch diameter API ...
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BPB plans to delist India Gypsum
HAVING acquired 39.99 per cent holding in India Gypsum Ltd (IGL) from Hyderabad Industries Ltd in the previous couple of years and consolidated its total holding in IGL to 79.99 per cent, the UK-based BPB Group plans to delist the company from ...
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CORPORATE DISPUTES
SAIL, Tata Steel ties strained over Metaljunction portal
TENSION seems to be brewing up between the two largest steel producers in the country, namely, the Steel Authority of India Ltd (SAIL) and Tata Steel , over their Internet joint venture - Metaljunction Private Ltd - a steel-trading ...
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MERGERS & ACQUISITIONS
Radico to buy entire Bacardi stake in Whytehall
THE domestic spirits major Radico Khaitan has shut the door on possible suitors for Bacardi's 51 per cent stake and management control in Whytehall India Ltd, makers of an eponymous whisky brand. The Lalit Khaitan-managed company will acquire ...
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NEW PROJECTS
AP Paper Mills to implement Rs 554-cr development plan
ANDHRA Pradesh Paper Mills Ltd (APPM) has embarked upon a Mill Development Plan (MDP) involving an outlay of Rs 554 crore to be implemented in two phases. While the first phase is scheduled to be completed by 2006, the second phase will be ...
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ALLIANCES & JOINT VENTURES
Miyazu joins hands with Sumi Motherson group — Design and manufacture of car body dies
THE Japan-based Miyazu Seisakusho Company Ltd, one of the largest car body die manufacturers in the world, has formed a joint venture company with the Delhi-based Sumi Motherson group for design, sale and eventual manufacture of car body dies in ...
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SOCIETY & DEVELOPMENT
Hope, CA set up school for slum kids in Hyderabad
HOPE Foundation India in collaboration with Computer Associates International (CA) has opened a school for underprivileged children in the slums of Hyderabad. This project is funded by Computer Associates and its employees. About 120 children ...
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DIVERSIFICATION
UB group plans low-cost airline by year-end: Mallya
THE Kingfisher brand is to take to the skies shortly. The Chairman of the UB Group, Mr Vijay Mallya said on Friday that the group would be launching a low-cost airline to be branded `Kingfisher' by the year-end. "We plan to launch a low-cost ...
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RIGHTS ISSUE
TV18 to offer 1:12 rights; to raise Rs 20 cr
TELEVISION Eighteen India Ltd (TV18) is offering a rights issue of Rs 20 crore in the ratio of one rights share for every 12 held. The price band for the proposed right issue will be Rs 150-180. The money will be used to finance the company's ...
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SICK UNITS
Left plea to merge HOCL unit with Kochi Refineries
THE Left Democratic Front (LDF) in Kerala has urged the Union Government to merge the Kochi unit of Hindustan Organic Chemicals Ltd (HOCL) with Kochi Refineries Ltd (KRL). In a memorandum to the Finance Minister, Mr P. Chidambaram, the front ...
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OUTLOOK
Coke India's operational structure still uncertain
EVEN as the uncertainty over the future operational structure of Coca-Cola in India continues, an independent investigation by Business Line reveals that corporate investors hold a major chunk of the 49 per cent share in Hindustan ...
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DSCL plans to expand farmers' stores network
DCM Shriram Consolidated Ltd (DSCL) has chalked out plans to expand its retail network. The company has finalised plans to more than double its existing retail chain of farmers' stores Hariyali Kisan Bazar (HKB) by the end of the current fiscal. ...
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PERFORMANCE
Amul sales up 18% at Rs 2,882 crore
THE milk producers of Gujarat have received 15 per cent higher prices for their produce during the year even as the Gujarat Co-operative Milk Marketing Federation (GCMMF) has achieved an 18 per cent growth during 2003-04 to close the year with Rs ...
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PEOPLE
Parthiv Patel to don gloves for Reliance
THE last time one saw Reliance Industries Ltd (RIL) getting actively involved with cricket was during the 1987 cricket World Cup, the Reliance World Cup. Since then, there hasn't been any significant activity from the Reliance group to ...
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Mirchandani quits Weekender; to head S. Kumars' Reid & Taylor
THE Jagadish Hinduja-promoted Weekender will see a change of guard at the top with Mr Govind Mirchandani leaving the company to head Reid & Taylor, part of the S. Kumars Group. Reid & Taylor, a Rs 175-crore lifestyle suitings business, is ...
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