CORPORATE
RESEARCH & DEVELOPMENT
Nicholas Piramal sets up new R&D unit in Chennai
NICHOLAS Piramal India has set up a new research & development centre in Chennai that is to complement its partnership with the Anna University in the area of drug discovery. The new R&D unit in Chennai has invested Rs 10 crore in laboratory
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ANNOUNCEMENTS
Boston Scientific recalls stents in India too
MEDICAL devices company Boston Scientific Corporation has initiated a recall of specific batches of its drug-coated stents in India. The withdrawal follows Boston Scientific's recent global recall of the product due to its malfunctioning while ...
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BMW non-committal on Indian entry
`It is impossible to say at the moment when and how we would enter the market in India.'
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CORPORATE DISPUTES
Suit filed seeking injunction against Lodha
MR K.K. Birla, Mr G.P. Birla, Mr Kashinath Taparia, and Mr Pradip Kr. Khaitan today filed a suit in the Calcutta High Court against Mr R.S. Lodha, asking for an injunction restraining him from interfering in the estate of M.P. Birla in any ...
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TAXATION
Ministry releases draft rules for extending input tax credit
COMPANIES can soon look forward to claim credit on the service tax paid by them on advertising, market research or telephone bills against their excise duty liability on manufactured goods, irrespective of whether the services are consumed in the ...
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NEW PROJECTS
Suguna Poultry sets its sights on processed food sector
SUGUNA Poultry Farm Ltd, the country's largest producer and exporter of broiler chicken, is planning to foray into the processed food sector this fiscal. The company, which has also firmed up plans to set up a processing unit in West Bengal, ...
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To expand production capacity — Toyota Kirloskar to invest Rs 160 cr
TOYOTA Kirloskar Motor will be investing Rs 160 crore this year to augment production capacity. The company said that it expects profits to remain almost flat at Rs 109 crore during 2004-05 due to higher pressure on margins. The company is ...
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JK Paper to begin production of coated papers soon
Coated papers are used by printers and publishers to prepare project reports, brochures, and calendars and by book publishers.
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ALLIANCES & JOINT VENTURES
Arcelor, SAW Pipes sign pact for joint venture speciality steel plant
THE world's largest steel maker, the 26-billion euro Groupe Arcelor, on Thursday signed a joint venture agreement with SAW Pipes Ltd (SPL), a Jindal group outfit, for setting up a new company called IUP-Jindal Hexa Metals Ltd. Under the ...
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OUTLOOK
High fuel prices may tell on Phillips Carbon profit
PHILLIPS Carbon Black Ltd, an RPG group company, has become India's largest carbon black producer. However, for the year ending September 2004, its profitability is likely to be affected due to high fuel prices despite a significant growth in its ...
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SAIL drafts auxiliary fuel plan; eyes supply pact with GAIL
IN the light of GAIL (India) Ltd's plans to expand the national gas grid to the eastern region and the ongoing coke crisis, Steel Authority of India Ltd (SAIL) is preparing an auxiliary fuel plan. Among other things, it plans to enter into an ...
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Fiat India awaits Turin nod to launch Panda
FIAT India is awaiting Turin's nod to launch its B-segment Panda, one of its most-acclaimed cars in Europe. The Director, Commercial of Fiat Auto, Mr Ravi Bharadwaj, who was in Hyderabad to launch its latest 1.9 litre diesel-powered notchback ...
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TNPL to start captive plantation for pulpwood
TAMIL Nadu Newsprint and Papers Ltd (TNPL) is set to get into captive plantation for pulpwood. The company, which entered into wasteland development last year, is looking at farm forestry on a large scale. According to industry sources, the ...
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PEOPLE
New JMD for Max India
NEW DELHI: MAX India Ltd has elevated Mr B. Anantharaman to the post of Joint Managing Director of the company. He had been the head of Max India's Group Finance and was the Whole-time Director of the company. Mr Anantharaman has ...
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