CORPORATE
RESEARCH & DEVELOPMENT
Lupin plans 3-fold hike in research spend
DRUG company Lupin Ltd has said that there would be a three-fold increase in its research spend - from Rs 40 crore in fiscal 2003-04 to Rs 120 crore in the current fiscal (2004-05). The Chairman, Dr Desh Bandhu Gupta, said the scale-up in ...
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ANNOUNCEMENTS
GSK Pharma India MD to oversee Lanka, Bangladesh
THE Managing Director of GlaxoSmithKline Pharmaceuticals (GSK) in India, Mr S. Kalyanasundaram, has been given additional charge of Bangladesh and Sri Lanka with immediate effect. According to an official communiqué, the company's General ...
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Biocon insulin likely to be in market soon
Armed with the approval from the Genetic Engineering Approval Committee (GEAC) to manufacture and market the diabetes drug, Biocon will now start manufacturing it. The company has set up what it says is the country's first and Asia's largest ...
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ICI to invest Rs 800 cr for acquisition, expansion
ICI India Ltd is willing to invest close to Rs 800 crore for acquisition and expansion in its core business areas of paints and industrial speciality chemicals. Mr Rajiv Jain, Managing Director, told presspersons after the 50th AGM here that ...
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Apollo moots pvt placement
ACCOUNTING STANDARDS
Standard soon on `employee share-based payments': ICAI
IN keeping with the international practice, the Institute of Chartered Accountants of India (ICAI) intends to come up with an accounting standard (AS) on `employee share-based payments.' The draft of the accounting standard has been finalised by ...
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CORPORATE DISPUTES
Manu Chhabria's mother stakes claim to estate
THE 76-year-old Ranibhai Rajaram Chhabria, mother of late Manohar Rajaram Chhabria, has staked claim to her deceased son's estate. She has served a legal notice to her daughter-in-law and the Chairperson of the $2-billion Jumbo Group, Mrs Vidya ...
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M.P. Birla's sisters file caveats
COMPANY LAW
Concept paper for slimmer Companies Act finalised
CORPORATE India's demand for a slimmer and simpler company law may soon be met, with the Ministry of Company Affairs (MCA) having finalised the concept paper for a new Companies Act. The MCA will release the paper on August 4, Mr Prem Chand ...
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AUDITING
Hindalco shareholders' no to Lodha & Co
ALLIANCES & JOINT VENTURES
Torrent Pharma, Novartis tie up
MUMBAI: TORRENT Pharmaceuticals Ltd has entered into a licence agreement with the Swiss-based Novartis Pharma AG for global rights to a cardiac drug being developed by Torrent. The Ahmedabad-based company's advanced glycosylation ...
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OUTLOOK
HLL looks at `long term'; unfazed by Q2 nos
ITS net profit may be down 46 per cent year-on-year, but that has by no means dampened the combative edge to Hindustan Lever's talk. At HLL's briefing on June quarter performance peppered with its resolve to "not yield an inch to competition," ...
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ITC looks to emerge on top in paper, hotel biz
ITC has worked out clear strategies to emerge at the top in all key areas of operations, such as hotels and paper and paperboard, and foods. Already a market leader in tobacco, it has called for a rational tax policy so that the sector can ...
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