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Saturday, March 12, 2005

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RESEARCH & DEVELOPMENT


BHEL R&D initiatives start paying off — To market software for power stations with TCS
THE Corporate Research and Development of BHEL and TCS are working out a joint marketing initiative to promote `Power Pack', a software that helps in asset management of power stations. Power Pack is ready to be implemented in the proposed ... More

ANNOUNCEMENTS


Friends Globe eyes retail travel services
FRIENDS Globe Travel Ltd plans to enter the retail travel services segment soon. It will, however, retain its focus on corporate travel business, which would eventually constitute 60 per cent of the overall business. Announcing this at a joint ... More

Wockhardt gets USFDA nod for anti-ulcer drug
Wockhardt Ltd has received the approval of regulatory authorities in the United States to market its over-the-counter (OTC) version of famotidine, an anti-ulcer drug, in the US market. Earlier, Wockhardt had received US Food and Drug ... More

LIC plans to convert OFCDs
MUMBAI: Alok Industries Ltd has informed the Bombay Stock Exchange that the Life Insurance Corporation of India has decided to convert the optionally fully convertible debentures (OFCDs) to the extent of 50 per cent of the total exposure, ... More

Emcure launches first 3-in-1 AIDS pill for kids
THE three-in-one AIDS drug for adult HIV/AIDS patients was developed in India. And now a similar combination drug for children is also being launched by an Indian company — the Pune-based Emcure Pharmaceuticals Ltd to be precise. In a ... More

CORPORATE DISPUTES


HC discharges caveatable interest of 3 Birlas over Priyamvada will
MR Justice Kalyan Jyoti Sengupta of the Calcutta High Court today discharged the caveatable interest of Mr K.K. Birla, Mr B.K. Birla and Mr Yashovardhan Birla in the probate petition of Mr R.S. Lodha over the will of Priyamvada Devi Birla in ... More

AWARDS & HONOURS


Intl refiner award for Reliance
MUMBAI: Reliance Industries Ltd was awarded the `International Refiner of the Year' 2005 at the World Refining and Fuels Conference's awards ceremony held in San Francisco on Thursday. This is the first time that an Asian company has ... More

COURTS/LEGAL ISSUES


HC appoints special officer to take stock of Birla assets
THE nine-month old Birla-Lodha feud took a significant turn on Friday with the Calcutta High Court rejecting the pleas of Mr B.K. Birla, Mr K.K. Birla and Mr Yashvardhan Birla and stating that they had no caveatable interest in the property of ... More

MANAGEMENT


`Cos should create emotional appeal to build up image'
A MULTI-NATIONAL consulting company that had built up a reputation as one of the top brands in the league fell from grace within just one year. What then should companies do to keep in tact and build on reputation? "Traditional image-building ... More

MERGERS & ACQUISITIONS


Ma Foi plans to acquire small, mid-size HR firms
CHENNAI-based HR solutions company Ma Foi, which is part of the Dutch staffing company Vedior, is now looking at acquiring small and mid-sized firms in the staffing and HR industry in the country. Mr Brian Wilkinson, Commonwealth Zone Manager ... More

Making MTNL a subsidiary of BSNL is best option: ICICI Sec
ICICI Securities has recommended making Mahanagar Telephone Nigam Ltd a subsidiary of Bharat Sanchar Nigam Ltd as the best option to find synergy between the two public sector companies. In a report submitted to the Government, the advisors ... More

Dishman to acquire UK firm
AHMEDABAD: The Ahmedabad-based Dishman Pharmaceuticals and Chemicals Ltd is set to acquire a UK-based contract research and manufacturing company. The company's board approved the strategic acquisition of the British company and ... More

CORPORATE GOVERNANCE


Corporate governance: Clarity on Clause 49 likely
THE Securities and Exchange Board of India (SEBI) Chairman, Mr M. Damodaran, on Friday met the Company Affairs Minister, Mr Prem Chand Gupta, raising hopes of an early solution to the contentious issues surrounding the revised Clause 49 of the ... More

Education, code of conduct to beat corruption stressed
CORRUPTION is one of the worst enemies of democracy, as it takes away from the poor the most. And one of the ways in which the menace can be tackled is through education and a code of conduct. Making a presentation on `Good governance for ... More

NEW PROJECTS


M&M eyeing AP to locate Logan car plant
A TEAM from domestic automotive major Mahindra & Mahindra is touring Andhra Pradesh to finalise its plans to locate its recently announced Logan car plant. The team headed by the M&M Executive Director and President of Automotive Sector of M& More

GM expands Halol plant capacity
NEW DELHI: General Motors India has expanded the annual production capacity of its Halol facility in Gujarat by almost two-and-a-half times from 25,000 to 60,000 units to meet the growing demand for its Chevrolet and Opel brand of ... More

ALLIANCES & JOINT VENTURES


GAIL strikes jt venture deal with Syrian co
GAIL (India) Ltd has qualified to set up a joint venture company with Syrian Company for Distribution of Gaz for city gas distribution projects in Syria. The company has qualified to move into the next round of bidding from among the 23 ... More

DIVERSIFICATION


Mirza Tanners plans Rs 100-cr diversification — `Red Tape' retail stores to be set up
MIRZA Tanners Ltd, a global player in leather exports, is planning a Rs 100-crore investment drive to diversify into related businesses, including company-owned retail stores, a ladies shoe factory and a leather upholstery tannery. The ... More

OUTLOOK


Sika to promote usage of chemicals in construction
SIKA India Pvt Ltd, the wholly owned subsidiary of Sika AG of Switzerland, the leader in construction chemicals, is on an aggressive drive to promote and sell its products all over the country, according to Mr Vaswar Das Gupta, Managing ... More

Ivax Corp keen to expand tie-ups in India
THE US-headquartered Ivax Corporation expects about 50 per cent of its new products to come from collaborations with Indian companies. Mr Frank Condella, President (European region), Ivax Pharmaceuticals, told newspersons that the company has ... More

IDEB Construction keen to partner foreign cos
CLOSE on the heels of the Government's decision to liberalise foreign direct investment norms in the sector, IDEB Construction Project Ltd said on Friday that it is eyeing partnership with foreign companies for jointly undertaking construction, ... More

PEOPLE


Ranbaxy's R&D chief Rajinder Kumar quits
IT'S finally official. Ending months of speculation, Ranbaxy Laboratories Ltd on Friday said that its Research and Development (R&D) head, Dr Rajinder Kumar, has put in his papers and will be returning to the UK. The company has been ... More

TRENDS


Corporate cricket in Mumbai
MUMBAI: Mumbai corporates will be mixing cricket with pleasure in the ninth Sugar Free-Saran Corporate Cricket 7's from March 12. Over 1,000 executives representing 90 companies have confirmed participation in this amateurs-only event, ... More
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Feb. 27-Mar. 5
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