CORPORATE
ANNOUNCEMENTS
Mumbai land sale: NTC appoints real estate consultants
THE ailing National Textile Corporation's (NTC) long cherished dream of realising the sale of land held under the Mumbai-based NTC textile units appears now at arms length. With the Brihanmumbai Municipal Corporation authorities finally ...
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Aurobindo gets USFDA nod
HYDERABAD: Aurobindo Pharma Ltd (APL), the Hyderabad-based pharmaceutical company, has announced that it has obtained the United States Food & Drug Administration (USFDA) nod for its first new abbreviated drug application (ANDA) on ...
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German co, Flextronics tie up
NEW DELHI: Distinctive Devices Inc (DDI), the parent of the German co Galaxis Sales GmbH (wholly owned by the former), has signed an agreement with Flextronics for the manufacturing of Galaxis' digital set-top boxes (STBs), for cable, ...
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OVERSEAS BORROWINGS
Despite uncertainties, ECBs stay popular
In the first five months of fiscal 2005,companies have borrowed $5.1 billion or the equivalent of Rs 23,000 crore from such lenders. Last fiscal, external borrowings of companies were about $3.5 billion. Interestingly, companies have also ...
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FIXED DEPOSITS
Ministry to make company deposits safer
One of the ideas that the Ministry is otherwise also encouraging is the concept of class action by depositors — where instead of an individual, a group of depositors come together and file an appeal.
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MERGERS & ACQUISITIONS
BPCL board nod for KRL merger
BPCL's board of directors has given its "in principle" approval to merging its subsidiary Kochi Refineries Ltd (KRL) with itself. The company holds a 54.81 per cent stake in KRL, which operates a stand-alone ...
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Mirza Tanners' Noida unit merged; net climbs
MIRZA Tanners Ltd has announced the merger of its Noida-based private limited company — Leather Trends Private Ltd — with the listed entity. The merger is expected to bring about optimal utilisation of the operational synergies of the ...
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NEW PROJECTS
Candico unveils big plan to tap S. African market
THE Rs 125-crore Candico on Thursday announced the acquisition of a plant in Tanzania and unveiled its plans to set up a major plant in Johannesburg at an investment of $5 million, as part of company strategy to enter the global market. "We ...
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TRENDS
`India's 24 gems' in Forbes list of rising Asian firms
HERE is some good news for India Inc. Twenty four Indian companies figure among `Asia's Rising Companies' listed by Forbes magazine in its latest issue dated November 1. What is significant is that, in this list, which covers the 100 ...
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