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Tuesday, March 29, 2005

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ONGC engages BDCL to expand in Bangladesh
An agreement with the Dhaka-based Bangladesh Development Corporation Ltd (BDCL) has been signed to help scout for upcoming business opportunities there and liaise with Bangladesh authorities, an official communiqué said. ONGC has been pursuing ... More

Talbros Automotive on expansion mode; plans IPO in June
TALBROS Automotive Component Ltd (TACL), a leading manufacturer of auto components is, coming out with an Initial Public Offering through a 100 per cent book-building route. The company is looking to raise Rs 50 crore through the public issue, ... More

Tecumseh bags export order for refrigerator compressors
IN a development that will provide a fillip to the sales of its refrigerator compressors, Tecumseh India has bagged major export orders for the product segment. Sales of refrigerator compressors in the domestic market were being impacted by the ... More

Shri Shakti EGM tomorrow
HYDERABAD: Shri Shakti LPG Ltd informed bourses on Monday that an extraordinary general meeting of its shareholders would be held on Wednesday. This is to authorise the board to deal, negotiate, lease and dispose off one or more of ... More

Dabur board okays Rs 40-cr investment in major arms
DABUR India Ltd on Monday said it would be making investments of about Rs 40 crore across its major subsidiaries including Dabur Foods, Balsara Home Products and Dabur Nepal to meet their expansion and operational needs. The company's board has ... More

CORPORATE DISPUTES


AVM Productions to split
AVM Productions, a partnership firm and one of the leading banners of the South Indian film industry, is all set for a split with the brothers Mr M. Saravanan and Mr M. Balasubramanian deciding to go their own ways, according to reliable ... More

TAXATION


VAT to do: A corporate guide
The value-added tax regime is just days away. In most organisations, it is seen as the responsibility of the finance team, but with far-reaching implications, any successful implementation of VAT would require the participation of such departments as IT, sales, supply chain among others. The time and resources needed to make the transition to the new regime, requires proactive corporates to act decisively and now, says Abhijeet Virmani. More

ALLIANCES & JOINT VENTURES


Glenmark, Shasun ink pact to develop drugs for US
GLENMARK Pharmaceuticals Ltd and Shasun Chemicals and Drugs Ltd have signed a pact for joint development, filing and marketing of 12 generic drugs for the US market. The product list includes a mixture of off-patent and patent-protected ... More

VENTURE CAPITAL


Dr Reddy's strikes $56 m deal with ICICI Venture — Drug development for US market
DR Reddy's Laboratories Ltd has strengthened its war-chest to support research and litigation costs incurred by it. The company has formalised a $56-million (an estimated Rs 245 crore) agreement with ICICI Venture Funds Management Company for ... More

OUTLOOK


Strides bets on new R&D centre for growth
STRIDES Technology & Research Centre (STAR), the new Rs 18-crore R&D facility of Strides Arcolab Ltd, will be a new engine of growth and focus on research on malaria, tuberculosis and HIV besides research activities of Strides' global partner More

Bay-Forge bullish on wind energy sector, aims at Rs 100-cr turnover
THE Chennai-based Bay-Forge Ltd, a wholly-owned subsidiary of Fomas of Italy, proposes to invest Rs 5 crore in debottlenecking its plant to pave the way for the manufacture of windmill components — turbine shafts and towers. For a company ... More

PEOPLE


Mallya, S&N revamp beer biz top management
THE UB group Chairman, Mr Vijay Mallya, in tandem with his foreign partner Scottish & Newcastle (S&N) Plc, has revamped the top management of his beer business, as they merged the operations of their two beer entities - United Breweries (U More
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Glenmark, Shasun ink pact to develop drugs for US

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In Depth

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Looking back
Mar. 20-Mar. 26
Foreign posting with take-home of Rs 54-lakh plus a year!

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Mallya to merge spirits cos, SWC as United Spirits

Reliance Life sets up cord blood archive

Indian businesses focussed on retaining talent: Study


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