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Thursday, August 19, 2004

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RESEARCH & DEVELOPMENT
Human trials for Ranbaxy-MMV malaria drug soon
HUMAN clinical trials of the anti-malarial drug developed by Ranbaxy Laboratories Ltd in collaboration with Medicines for Malaria Venture (MMV), Geneva is expected to commence shortly. The pharmaceutical company has already obtained ... More

ANNOUNCEMENTS
Phoenix Yule to offer 15-km conveyer belt systems
HAVING bagged a project for manufacturing and installing a 34-kilometre-long conveyor belt between Meghalaya and Sylhet in Bangladesh, Phoenix Yule Ltd - a 74:26 joint venture between Phoenix CBS of Germany and Andrew Yule & Co Ltd - is ... More

RK Marbles to expand capacity
Talking to mediapersons, the Director, Mr Ravindra S. Mohnot, said the company, with a current production capacity of 12.5 lakh tonnes per annum, proposes to increase capacity by 35 per cent. The total capacity is spread across its three quarries ... More

Orchid Chem files 7 ANDAs
CHENNAI: Orchid Chemicals & Pharmaceuticals on Wednesday announced that it had filed its seventh application with the US Food and Drug Administration to sell finished products (formulations) there. A company release said the seven ... More

PREFERENTIAL ALLOTMENTS
Balaji Tele to make pref allotment to Star group affiliate — To offer 25.1% stake at Rs 90
Asian Broadcasting has agreed to reduce its shareholding to 26 per cent of the total paid-up share capital of the company if it acquires shares in excess of 26 per cent. More

RESTRUCTURING
Eicher group completes de-merger of auto biz
THE Eicher group has completed the de-merger of the automotive businesses of Eicher Ltd into Eicher Motors. This was pursuant to the orders of the High Courts of Madhya Pradesh and Delhi sanctioning the composite scheme of arrangement. The ... More

CORPORATE GOVERNANCE
Follow ICC rules, corporates told
AN expert in Letters of Credit and international banking practices has asked corporates and bankers to follow the rules set by ICC (International Chamber of Commerce) to avoid discrepancies. "Even a small mistake in trade transactions could ... More

NEW PROJECTS
Posco, BHP Billiton have big plans in Orissa — Talks held with CM for 10-m tonne steel plant, other projects
SOUTH Korean steel maker Posco and Australia's mining major BHP Billiton have jointly approached the Orissa Government with a proposal to set up a 10 million-tonne integrated steel plant in the State. Apart from this, the two foreign giants ... More

Alfa Laval to increase capacity in Pune plant
ENGINEERING solutions provider Alfa Laval said here on Wednesday that the company has commenced work on increasing its manufacturing facilities in Pune by over 40 per cent riding on increased relocation of manufacturing from the group's European ... More

Wheels India to set up new plant in Haryana — Maruti to be primary customer
WHEELS India Ltd, a TVS group company, plans to put up a plant in Haryana to manufacture wheels for passenger cars. This plant will primarily cater to the requirements of Maruti Udyog Ltd. Talking to Business Line after the company's ... More

Ma Foi office in Raipur
CHENNAI: Ma Foi Management Consultants Ltd, provider of human resource (HR) services, has commenced its operations in Raipur in Chhattisgarh. The State is turning out to be an important industrial destination. Its vast and rich forest ... More

ALLIANCES & JOINT VENTURES
Minda Instruments forms venture with Stoneridge
MINDA Instruments Ltd (MIL), a Pune-based company belonging to the Rs 300-crore Ashok Minda group, today announced its joint venture with Stoneridge Inc (SRI) of the US, a leading manufacturer of electronics instruments. As a part of this ... More

OUTLOOK
Dabur Foods targets Rs 5-cr profit; pins hopes on fruit juices
DABUR Foods Ltd aims to net Rs 5 crore profit in this fiscal against the Rs 1.46 crore earned in 2003-04. The company has registered Rs 1.16 crore profit in the first quarter of this fiscal. A senior Dabur Foods official said that much of ... More

EIH to take management contract route for growth
EIH Ltd, a member of The Oberoi Group, has decided to pursue an active growth strategy by acquiring management contracts in India and abroad. Briefing newspersons here on Wednesday after the company's 54th annual general meeting, Mr P.R.S. ... More

NMDC to hike iron ore output
HYERABAD: The National Mineral Development Corporation (NMDC) has embarked on expansion plans to step up its iron ore production from the existing 18 million tonnes (mt) to 30 mt per annum by the year 2009-10, according to the Chairman ... More

Essilor SRF looks to acquisitions for growth
THE Bangalore-based Essilor SRF Optics Pvt Ltd, a joint venture between Essilor International S.A and SRF Ltd, is looking at growth in India by acquiring and franchising processing laboratories. Mr B. Jayanth, Managing Director, Essilor SRF ... More


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Internet backbone project — BSNL awards $8.2-m contract to UTStarcom

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Looking back
Aug. 8-Aug. 14
Rs 115-cr revival plan proposed for Hind Antibiotics

Service tax case: SC dismisses plea against tribunal order

GAIL (India) keen to pick up equity stake in HPL

Boston Scientific recalls stents in India too


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