CORPORATE
ANNOUNCEMENTS
Zydus Cadila launches 43 drugs in French market
THE Ahmedabad-based generics major Zydus Cadila has launched 43 drugs in the French market and announced that it would launch another 20 products by December. The products that were launched on Thursday were in six broad therapeutic categories ...
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Tata Motors launches Indigo Marina
TATA Motors has formally launched its Indigo Marina station wagon at prices ranging from Rs 4.24 lakh to Rs 5.19 lakh ex-showroom Delhi. The base petrol model, priced at Rs 4.24 lakh, has manual steering and air conditioning as standard ...
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Apollo plans more clinics
THE Apollo Group of Hospitals hopes to have in place 250 clinics across the country and abroad in the months ahead. In West Bengal, the group hopes to have 25 clinics in the next two years, Mr Ratan Jalan, CEO of Apollo Health and Lifestyle ...
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Saudi co to sell water-proofing material in India
WITH the Indian construction industry adopting new technologies at early stages of projects, a leading Saudi Arabian company has focused on Indian for stepping up efforts to market bitumen-based water proofing material. The company, which had ...
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CORPORATE DISPUTES
Cricket telecast: SAB TV files intervention application
SAB TV, a general entertainment channel, today filed an intervention application in the ESPN-Star Sports petition against the Board of Control for Cricket in India (BCCI) in the Bombay High Court today. Senior advocate and former Union ...
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Dispute over standby charges — HC tells Reliance Energy, Tata Power to talk it over
THE Bombay High Court on Thursday directed top managements of Tata Power Company (TPC) and Reliance Energy Ltd (REL) to sit together and work out a mutually acceptable solution on their standby charges dispute. The High Court has given the ...
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Priyamvada Birla will case — It's a tussle between public charity and personal gain: Counsel
THE legal tussle over the will of the late Priyamvada Birla reached its second stage at the Calcutta High Court when senior advocate and former Union Minister, Mr Arun Jaitley, said that it was not a Birla-Lodha battle as described by the media ...
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AWARDS & HONOURS
NMDC wins prize in technology sector
NATIONAL Mineral Development Corporation (NMDC), a public sector enterprise, had won the second prize in technology sector in the exhibition on Minerals, Metals, Metallurgy and Materials 2004, organised by the Indian Institute of Metals at ...
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Awards for Matrix Labs, Biotech Intl
MATRIX Laboratories Ltd and Bharat Biotech International have won the All-India Manufacturers' Organisation (AIMO - AP) Bharat Ratna Dr M. Visvesvaraya Industrial awards for `Best export performance' and `Best technology effort' for the year ...
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HUMAN RESOURCES
`Qualitative changes in work culture need of the hour'
THERE is a need for bringing about qualitative changes in the work culture to sustain in the competitive world, according to the Vice-President (Personnel), Mangalore Refinery and Petrochemicals Ltd, Mr V.K. Thalithaya. Presiding over the ...
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CORPORATE BONDS
CESC debentures get `LBBB' rating
RESTRUCTURING
India Steamship to be merged with Chambal Fert
For every 20 equity shares held in ISS, as on reference date to be determined by CFCL, 11 equity shares of CFCL of face value of Rs 10 each shall be issued.
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MERGERS & ACQUISITIONS
Japanese co picks stake in Strand Genomics
"The strategic investment for five years will help Strand to speed up its activities in informatics and modelling technologies."
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4 Tata cos get nod to sell stake in Tata Honeywell
FOUR Tata group companies have been permitted to sell their respective stakes in Tata Honeywell Ltd to the company's foreign partner, namely Honeywell Asia Pacific Inc. The four Tata group companies, namely, Tata Power, Tata Chemicals, Tata ...
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Ispat mulls merger of Singapore arm
ISPAT Industries is planning to merge its wholly-owned subsidiary Nippon Ispat Singapore (Pte) Ltd with itself. The company is near defunct for last few years and is currently making losses. The merger proposal will be formalised this fiscal. ...
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NEW PROJECTS
Microtek to set up 2 new units in Himachal
MICROTEK International Ltd plans to set up two new plants in Himachal Pradesh for manufacturing online UPS and high capacity transformers, at an investment of about Rs 27 crore. "We have already purchased land in Himachal Pradesh for setting up ...
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REGULATORY BODIES & RULINGS
`Ethically run business alone will live on'
ONLY those business that are run on sound ethical principles will survive and flourish, the two key speakers at the Golden Jubilee celebrations of Carborundum Universal Ltd, said here on Thursday. Dr J.J. Irani, Director, Tata Sons Ltd, ...
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ALLIANCES & JOINT VENTURES
Lanco Amarkantak signs MoU with Lytag
LANCO Amarkantak Power Pvt Ltd, belonging to the Lanco group, has entered into a memorandum of understanding with the Chhattisgarh Industrial Development Corporation (CSIDC) and Lytag Asia Ltd of the UK for setting up a Rs 120-crore project for ...
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SOCIETY & DEVELOPMENT
Finolex to offer insurance cover for electricians
FINOLEX Cables Ltd proposes to offer insurance cover to over 2,500 electricians, as part of its corporate social responsibility. The company has tied up with Bajaj Allianz General Insurance Company for a group insurance scheme for ...
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DIVERSIFICATION
Bharti group forays into agri-biz — Floats 50:50 joint venture with Rothschild group firm
FieldFresh will source fresh fruits and vegetables through the contract-farming route from Punjab, J&K, Himachal Pradesh, Uttaranchal, Haryana and U.P.
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eYantra forays into corporate garments
EYANTRA Industries Ltd, a diversified group focusing on promotional marketing and corporate gifting solutions, has undertaken a backward integration project that involves the establishment of two facilities to churn out 1.8 million pieces of ...
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SICK UNITS
Uncertainty over revival of Autokast continues
UNCERTAINTY hovers over the revival of the State-owned Autokast Ltd in Alapuzha district due to the indifferent approach of the authorities. The two-month time sought by the State Government for taking a final decision on implementing the package ...
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OUTLOOK
Indigo Marina a lifestyle car, says Ratan Tata
THE first chapter of Tata Motors' foray into car manufacturing neared full circle here on Wednesday as it confidently hosted one of the slickest domestic car launches in recent times, the Indigo Marina rolled out to the theme of `carry a ...
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