CORPORATE
ANNOUNCEMENTS
DRL gets USFDA nod for Citalopram
DR REDDY'S Laboratories Ltd has announced that the USFDA has granted final approval for the company's abbreviated new drug application (ANDA) for Citalopram hydrobromide tablets 10 mg, 20 mg and 40 mg. In a press release, the company said it ...
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Ranbaxy approaches FDA for anti-AIDS drug
RANBAXY Laboratories Ltd has filed its first abbreviated new drug approval (ANDA) with the US Food & Drug Administration (FDA) for zidovudine tablets an anti-retroviral drug used for the treatment of AIDS. This is the first of a series of ...
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BEL pays 100 pc
BHARAT Electronics Ltd has paid the Defence Ministry 100 per cent dividend amounting to Rs 60.69 crore for the fiscal year 2003-04. The highest dividend so far includes a 20 per cent special one-time Golden Jubilee Year dividend, an official ...
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Pawan Hans pays Rs 17.5-cr dividend
PAWAN Hans Helicopters Ltd (PHHL) has paid a total dividend of Rs 17.5 crore to the Government and the Oil and Natural Gas Corporation (ONGC) for the financial year 2003-04. The PHHL Chairman, Mr Nagar V. Sridhar, presented a dividend cheque ...
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RESTRUCTURING
KK Birla Group to consolidate sugar business
THE K.K. Birla Group, which owns the largest sugar crushing capacity in India as a group, has initiated moves to consolidate its sugar business both in terms of geographical relocation and financial integration. According to a notice issued by ...
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MERGERS & ACQUISITIONS
Apollo Tyres completes due diligence of Modi Rubber tyre biz
THE Rs 2,300-crore Apollo Tyres Ltd (ATL) has completed the "technical, financial and commercial due diligence" of the tyre business of Modi Rubber Ltd, a top ATL official has said. "The due-diligence on our part is over. Now it is for the Modi ...
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CORPORATE GOVERNANCE
50 pc of board must comprise non-executive directors: SEBI
THE Securities and Exchange Board of India has now specified that not less than 50 per cent of the board of directors should consist of non-executive directors. If the chairman of the board is a non-executive director, at least one-third of the ...
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NEW PROJECTS
Sona Koyo plans to hike investment in EOU — To set up dedicated power steering line for Hyundai
SONA Koyo Steering Systems Ltd, which on Friday inaugurated its 100- per cent export oriented unit (EOU) at Sriperumbudur near Chennai, plans to double or triple investment in the plant over the next two years as export orders pick up. The ...
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SRF plans Rs 285-crore expansion in four years
SRF Ltd, a leading player in the tyre cord fabric and belting fabrics business, plans to invest Rs 285 crore in the next four years for modernisation and expansion. The company would invest Rs 265 crore for the expansion of its industrial ...
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ALLIANCES & JOINT VENTURES
Tata Steel, L&T join hands for Dhamra port project
TATA Steel and Larsen & Toubro (L&T) on Friday announced that they were setting up a 50:50 joint venture for the Dhamra Port project in Orissa. The project, estimated to cost around Rs 1,500 crore-1,700 crore, will comprise an equity compone
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SOCIETY & DEVELOPMENT
Tata group develops human development index
THE Tata group in association with the United Nations Development Programme (UNDP) has developed an index for sustainable human development. The Chairman of the Tata Council of Community Initiatives (TCCI) and Managing Director of Tata ...
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DIVERSIFICATION
Zenith Finesse enters retail segment — In tie-up with Chinese co to sell audio-video equipment
ZENITH Finesse (India) Pvt Ltd, which made waves some two years ago by supplying to top Indian corporates China-made high quality corporate gifts in a "value for money" proposition, has now entered the retail segment in audio-visual electronics ...
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ALTERNATIVE MEDICINES
`Indian firms must tap export potential of herbal drugs'
HERBAL drugs are in great demand in the West and Indian firms have ample scope to export such drugs if they can adopt good manufacturing practices (GMP) and measure up to the requirements, Mr D.R. Garg, Commissioner for Indian Medicine and ...
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BONUS ANNOUNCEMENTS
Hind Sanitaryware to issue 2:3 bonus
REWARDING the shareholders for the fifth time since its inception, Hindustan Sanitaryware & Industries Ltd has decided to issue bonus shares in the ratio of two shares for every three existing shares. Talking to newspersons here on Thursday ...
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