MRPL to invest Rs 200 cr for Euro IV facilities
"The project target is 2007. MRPL is supposed to be the first refinery in the country to meet Euro IV standards."
Ranbaxy gets US FDA nod for Clarithromycin
RANBAXY Laboratories Ltd has received approval from the US Food and Drug Administration (FDA) to manufacture and market Clarithromycin tablets 250 mg and 500 mg used for treating infections. According to a company statement, the Office of ...
Orra to invest Rs 90 cr in store development, communication
ORRA, part of the Belgium-based Rosy Blue Group, one of the world's largest diamond manufacturing companies, plans to invest Rs 90 crore in store development and communication over the next three years, according to Mr Anandshiv, General Manager, ...
IVRCL bags Rs 216-cr order
HYDERABAD: IVRCL Infrastructures & Projects Ltd has announced that it has bagged work orders of the value of Rs 216.26 crore, taking the total value of the order book to more than Rs 1,800 crore. These include an order of Rs 65.37 crore ...
Cancellation of telecast rights Constitution Bench to hear Zee's plea from today
THE three-judge Bench of the Supreme Court, headed by Mr Justice N. Santosh Hegde, today referred the petition filed by Zee Telefilms challenging the cancellation of the telecast rights and re-opening the bidding process by the Board of Control ...
Govt's special audits now open to ICWAI members
MEMBERS of the Institute of Cost and Works Accountants of India (ICWAI) will be eligible for special audits ordered by the Government in line with the concept paper on Companies Act. ICWAI members, said Mr P.C. Gupta, Minister of State of ...
Losing sight of FACT
Given the history of the rise and fall of FACT, the doctors who prescribe medicines for recovery should practise some self-diagnosis.
Kerala Govt takes over Halcyon Castle; M-Far moves HC
THE State Government today took over the Halcyon Castle at the Kovalam beach resort near here from M-Far Hotels Pvt Ltd, which had acquired possession of the palace when it bought the adjoining ITDC Kovalam Ashok Beach Resort as part of the ...
KITCO achieves Rs 3.6-cr turnover
THE Kerala Industrial and Technical Consultancy Organisation Ltd (KITCO), established by IDBI and the State Government, has performed well during 2003-04 by achieving a turnover of Rs 3.63 crore. The company has also been able to maintain its ...
Chola Finance plans to raise Rs 200 crore
CHOLAMANDALAM Investment and Finance Company Ltd proposes to raise Rs 200 crore through an issue of non-convertible debentures. ICRA has assigned a rating of `MAAA+' (indicating high safety). Cholamandalam's Managing Director, Mr M. Anandan, ...
MERGERS & ACQUISITIONS
Indoco acquires anti-cold brand Karvol from Solvay
THE Mumbai-based pharma company Indoco Remedies Ltd has acquired anti-cold segment brand Karvol Plus from Slovay Pharmaceuticals, for an undisclosed sum. "Karvol Plus has an annual sale of approximately Rs 6 crore at present and we intend to ...
Benetton to buy out DCM for Rs 15 cr
THE global apparel major Benetton will buy out 50 per cent stake of its joint venture partner in India, DCM group, for roughly Rs 15 crore. The Italy-based Benetton has received the Foreign Investment Promotion Board's nod to carry out the ...
Merck to sell Taloja plant to Biochem for Rs 10 crore
MERCK Ltd has agreed to sell its manufacturing plant in Taloja, near Mumbai for an estimated Rs 10 crore. The Taloja plant that was set up in 1973 had about 270 employees when it was closed in March 2003, a company official told Business ...
Michelin Pune plant by end-2005
NEW DELHI: Michelin Apollo Tyres Pvt Ltd, a 51:49 joint venture between Michelin Group and Apollo Tyres Ltd, on Monday laid the foundation for its new manufacturing facility at Ranjangaon in Pune. The joint venture company would produce ...
Suryalata Spng to raise capacity
HYDERABAD: Suryalata Spinning Mills Ltd (SSML) has informed the stock exchanges that it is in the process of expanding its capacities from the existing 57,000 spindles to 64,000 spindles. The company said it proposes to undertake ...
Sundram Fasteners to expand Madurai unit
Indian auto-component exports are likely to go up from $1 million at present to $2 million in the next five years, according to the Chairman and Managing Director, Mr S. Suresh Krishna. Speaking to the press persons here he said, the company ...
REGULATORY BODIES & RULINGS
CLB orders BPL Comm not to change shareholding pattern
BPL Communications Ltd has been directed by the Company Law Board (CLB) to maintain a status quo in shareholding pattern of the company. Considering a petition filed by Mr T.P.G. Nambiar, promoter and Chairman of the BPL group and three group ...
NTPC advice to investors: Read risk factors
Since NTPC does not have significant experience in the new businesses, it is not in a position to assure prospective investors as to the timing and amount of any return or benefits that may be received from the new businesses and any other new busine sses the corporation may enter into.
Eveready Industries plans tourism foray
"Nothing has been finalised, but we have surplus property in those regions which have a good potential for becoming tourism spots."
ITC Foods open to tie-ups for adding capacities in biscuits
THE biscuits segment of ITC Foods Division, spearheaded by the Sunfeast range, is now witnessing a situation of demand outstripping supply, and the company is not averse to adoption of the partnership route in a big way (as opposed to only ...
E.I.D. Parry's sweet experiments pay off
PARRYS Corner in Cuddalore, a southern district in Tamil Nadu. And not just one but 30. This must sound strange to those familiar with the business district of that name in Chennai. But to E.I.D. Parry, to which that corner of the city owes its ...
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